Note that Russia has now tagged Australian companies on its list of unfriendly nations.
https://www.aljazeera.com/news/2022/3/8/russia-deals-with-unfriendly-countries-require-moscow-approval
Also note that there is a currency impact on TIG of the Russian rouble depreciation. Annual report indicates each 10% fall in the rouble equates to a 1.8m loss. The rouble has fallen 50% against the dollar.
Would be good for the company to clarify how it is impacted by these developments and attempting to manage these risks.
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