Norilsk Nickel’s price meltdown Yesterday we witnessed the “entire collapse” of Norilsk’s stock price. The unsustainable dividend rate is now at a “wholly absurd” 700% !!! But this has not stemmed stock’s free fall. It is now an open question as to whether the nickel giant will remain a viable, ongoing, independent enterprise - or whether it will have to be taken over by another company or worse - THE GOVERNMENT.
Close Putin buddy Vladimir Potanin is the dominant oligarch in control of the company (the world's largest primary nickel producer). And Potanin now has a truckload of other problems as well as he has come under severe personal sanctions from the West.
https://seekingalpha.com/article/4492422-norilsk-nickel-price-meltdown-only-for-brave