Stalingrad is about a 1000 miles from Leningrad!
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From school-days mem.
St Petersburg =Leningrad = St Petersburg
Volgagrade= Stalingrad=Volgagrade.
Miles apart
China will step in & take Russia's oil any time, this will drive them and Iran closer together. Huge pipeline system under way already, planed long before Ukraine conflict.
Yes the 2-4% western [ US ] friendly rabid materialistic section of the population we hear about in the western media 95% of the time, lends itself more than just a bit to wild Distortions.Talk to diverse average Russkies it may surprise you.
Declaration: Neither communist,socialist.Russian connections or ancestry.
Just starting to get sick of US Hegemony and slaughter on ridiculous pretenses.
Anyway lets get back to NZO.on this Forum
Oh Digger...
Leningrad is the old St Petersburg, renamed after the October Revolution of 1917 to honour the Communist leader, Lenin. It reverted back to St Petersburg post 1989. It is less than 1000 miles from Moscow on the Baltic Coast. During WWII it endured a 872 day siege after the German invasion, from 1941 to 1944. More died from starvation than bullets or bombs as Stalin refused to evacuate the city based upon its name and saw it as a symbolic stand against Nazism .
Stalingrad was Volograd pre 1920s as it lies along the Volga river in Southern Russia, many thousands of miles from Moscow. It was renamed Stalingrad as Stalin was a local commissar during the retaking of the city from the White Russian armies. Home to a large number of tractor factories, rail links and chemical plants, it was a key target for the German Southern Army during Operation Blau (Blue) in the Summer/Autumn of 1942. As with Leningrad, Stalin refused to give up the city as per its namesake. This marked the high tide of the German advance into Russia and an entire Germany Army (Sixth, led by Paulus) ws surrounded and annhilated there. It was the site of the bloodiest battle in history in terms of casualties.
There's your geography/history lesson for the day. If you'd like to know more, PM me. I could literally go on for hours :)
The stinking bloody and horrendous mess US has left behind in Iraq, in the name of 'liberating' the Iraqis but we now know only too well, is really a grab for cheap oil and territory in the Middle East, is an indictment not only on the US but its allies like UK and Australia as well. Saddam was a dictator and evil - he gave the vast majority of Iraqis however a measure of unity and peace however. The US went in, dismantled the police and army and proceeded to award oil related contracts to its mates and friends. Then, conveniently left when it all got too hard.
Anyway, I see NZOG has decided to push ahead with the 15c capital repayment so the die is cast. Pity because I think there could be some really nice assets for NZOG to buy in the near future.
https://www.nzx.com/companies/NZO/announcements/258502
Looks like Digger-me-ole-mate missed out on his 65c NZOG shares. Probably confused 56c with 65c, and was waiting at 56c? Just like Stalingrad with Leningrad?
Sorry, could not resist that one. :D
I am struggling to understand what they are proposing with their capital return. Is it basically a share buyback, except they will be buying from each shareholder instead of just those that want to sell?
Seems to me that they are reducing the number of shares by more or less the amount they are returning to us.
So this should leave the SP relatively unaffected, as the asset backing for per share will be the same.
From the document...
"Based on the 30 June 2014 Financial Statements, the
Net Asset Value per Share will change from NZ$0.8123 to
NZ$0.8279."
Its not we have seen tho is it, with the share price dropping by ~15cents after they announced it.
Cheers
RTM
Disc: Have held and endured Balances' comments since inception. My oldest stock.
Well thanks all for the geography lesson which was badly needed.. Never mind I am blaming the wife as she thought they were the same city. On to the next problem.
RTM - after they announced the buy back price actually firmed to 80c its the oil price that's driven the stock lower in my opinion.