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Hi KRSS - I'm not knocking POG, per se (I was a LTH in it pre the IRC hive - off a few years back, fwiw) and a reasonable run up in the gold price should certainly 'lift all boats' etc.,..
When that happens, though, I'd expect the gold funds / trackers of the FTSE 100 to major more on POLY now that it's a constituent in there rather than speculate in the 'second liners' like Petropavlovsk where further evidence of a sustainable recovery is required.
POLY's steady rise of late, i.e since their promotion, testifies to that. GL anyway - sasa.
Sasa, Poly pays handsome dividends, but POG is good for capital growth. Now Gold price is up so they will meet the gap
POLY continues ever up which is great and in line with shares of a number of Russian companies I follow that are doing well over the past year - Gazprom, Norilsk Nickel, Sberbank, Lukoil (when other O&G coys are through the floor) etc. Hold Gazprom (good); held NN but sold at $22 (in profit, but not so good in hindsight). And, like POLY, all pay good-to-excellent dividends.
Risky environment, but profitable ATM.
"Chalk and cheese' these two, KRSS.
If POG hadn't almost gone bust a while back, it had the serviceability of its borrowings like POLY, produced as much AU as POLY does, pays a decent dividend and recently got into the FTSE 100 like POLY then, okay, there would be similarities - both having POX ops is hardly worth mentioning in the circumstances...
Just sayin' - sasa.
POG is another Poly, only difference is POG has to get there, both enjoy POX hub each
I think that's about right, Tiger - I'd expect nearer to the 10% hike in this climate; it's not the most liquid stock after all and they'll probably need to expand the mkt size in consequence - sasa.
I've read somewhere that the "automatic" element of FTSE 100 promotion (i.e. tracker funds needing to buy shares) is usually worth 5-10% on the share price in the 2-3 months after promotion. Sorry, I can't recall the source.
Add that to all the other factors supporting the gold price and suppressing sterling, and this is an appealing share to own right now.
Yep, Tiger, ' tis looking good for POLY to gain promotion to the premier index.
Given the present demand for gold currently, there should be increased interest in it to accompany FRES in there, quite apart from the Index funds needing to maintain their exposure to each constituent of the FTSE 100 - sasa.
Poly in line for automatic promotion to FTSE 100. See this:
http://www.stockchallenge.co.uk/ftse.php
This should provide a nice boost to the share price as FTSE 100 ETFs and such like funds buy in.
And yes, it does look bad for Marks and Sparks...
M&S is in danger of relegation from the premier index with POLY rumoured to be the possible replacement - the calc date is 3rd September. If confirmed, a decent further boost to the sp will be seen; will be nice to be the 2nd pm stock in there if we get in - sasa.