A while ago I wrote about Ferrexpo plc (OTC:FEEXF) which was a high-margin iron ore producer in Ukraine. In that article I warned of the sovereign risks of doing business in Ukraine. Unfortunately, some of those risks have materialized as there was a huge political revolution and Russia invaded and annexed the Crimea region. Additionally, the iron ore price started to slide which obviously has put pressure on Ferrexpo's share price. This article is meant to re-assess whether or not a position in Ferrexpo would be warranted with all these new developments.
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Source: annual report
As trading volume on the US exchanges is very low, I'd strongly recommend to trade in Ferrexpo shares...
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