magnitogorsk assets frozen..?, page-22

Again - the amount in dispute is small relative to the TO price - let alone the massive assets of the Russians. There will be pressure to lift the freeze (so a ploy) through a negotiated outcome which in $ terms looks small if you read all the press. .26/.265 is excellent buying I think with % return upside and possibility of higher offer. Dont forget that the strategic review identified a number of interested parties, If the Russians were to fall over, then the number two could be at a very close price point. It wont be back to ground zero. We dont know how far away number two is.