The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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More lies from Skint.
That's why he's so jealous of me.
Perfect.
Oh but I do tiny, I have more than you could ever dream of ๐
#daydreamerforlife
With no stated roadmap for rejoining the LSE this actually plays into the hands of those who want the status quo to be maintained. (Though I wonder how long these excuses can be kept up). I would have assumed that the same methods used to find/register all shareholders is the same whether on the AIX or LSE, so if it can be done for one, why not the other? As I see it, all it requires is the will within the company to do it. That no effort seems to be made presently is troubling.
"No mention of dividends at all"
At the last meeting, I sent in the following question:
Has POLY deciding not to pay dividend anything to do with lack of funds or the fact that shareholders register is incomplete?
Nesis did not address this question at all. I believe it is to do with the shareholder register which is all over the place. In the UK, Mem & Arts makes it very clear it is the company's responsibility to keep the register up to date, and I'm sure laws are similar in Kaz. In fact without an updated register, the shareholder votes don't count either. Nesis knows if he answers questions regards the register (which is hugely inaccurate/incomplete), he risks himself landing in deep waters. It would bring into question decisions made to sell Russian business where many holders were not able to vote etc etc. I'm sure a token divi would have been welcome, but how do you get this paid?
IMO divi will only be paid once register is up to date and accurate and it can only be brought up to date once POLY relists in London and hence it will be given priority.
Con't.
"Some of these things may seem far fetched or conspiritoral, but running a large company such as Polymetal is not an unplanned for process, and could have influenced the russian" unit sale.
GLASH
We seem to be locked on a roundabout, a day or two of rises, a day or two of drops. Net result nearly zero. Why is this, considering the gold price rise? (Remember costs are now fairly fixed so if 50% a 10% gold price rise makes a 20% profit rise). The share price is too easy to drop on a few hundred shares. This seems to me like a game of attrition by the new holder, to buy the shares of the other holders on the cheap, whilst the company goes about its day to day work of building a large cash pile, "Long term growth".,(No mention of dividends at all), "long-term free cash flow", this may be an indication of the intent to build up enough cash to finance/finish the Kaz POX with no additional borrowings. it certainly does not point to any dividend payments either.
I may be slightly negative ATM but what propels a share price? Dividends and/or expected future performance, and publicity. The first point is I think answered, as for the second, well, this market is too easy to manipulate (by the big boys), as for the third, it's not going to be on the pink sheets radar much is it! I see nothing to establish a confirmed timescale to return to the LSE with it's inherent fluidity any time soon, this being the only thing I see changing the situation as ASTANA is too small/awkward/remote/unknown for new buyers.
I would like to see a firm timescale and commitment to re-joining a more liquid market within a reasonable time, and for a dividend payment roadmap with similar for capital expenditure. I would also like to see the abitity to vote in the future on these proposals. The large owners are in the driving seats ATM, I don't see that we (the smaller owners) have any real view of why and where we are travelling. Without that we are just sheep, to be culled as and when required.
As I've said before I think that the Omani's have the intention of, as cheaply as possible taking this company private, look up the new director.
โOmar Bahram.
Mr Bahram has over 13 years of experience in M&A, transactions and legal advisory. He currently holds the position of the Chief Executive Officer at UzOman Investment Company โ Central Asia focused fund of Oman Investment Authority (โOIAโ) managing a diversified portfolio and private equity investments in the region. Prior to this role, Mr Bahram was a legal advisor at OIA leading major international transaction negotiations, closing and targeting exits to achieve the privatisation strategy goals of OIAโ.
Is this appointment and these experiences in the best interest of the smaller shareholders and share price?
I find it very troubling that the conditions of the Omaniโs share purchase is kept secret, and would wonder if it were at a higher than market price at the time, be kept secret so as to deflate the market, or hold it down.
Some of these things may seem far fetched or conspiritoral, but running a large company such as Polymetal is not an unplanned for process, and could have influenced the russia
Poor skint not got a pot to p*ss in
Perfect.
๐
Of course BSR Russia and itโs citizens will feel so much safer following the โsmoโ
#burningfromtheinside ๐
Https://www.thetimes.co.uk/article/its-time-we-talked-about-the-fall-of-kyiv-6l3vrxbhf
Headline: "It is time we talked about the fall of Kyiv"
I have absolutely nothing more to add.
#RealityInterrupts
Loving how the tiny has the vocabulary eloquence of a 9 y/o must dash? If only ๐
One day skint will prove me wrong and post a few k buy and post it in advance. He can't because he blew the lot..
Right E O
Must dash.
Some of us are in profit in gst and novice sold his gst shares at .5p its in his posting history. And the skint clown was buying them above 2 pence according to posting history and some were for ยฃ200 - plus his average in solg is 10p according to posting history. So since he starting posting on the poly board this skint clown got even poorer.
Perfect.
๐
Gst
Zelensky fires security chief
The head of the Ukrainian National Security and Defense Council (SNBO), Aleksey Danilov, has been relieved of his dutie
#burningfromtheinside...but who is burning? ๐
Oh dear what a ๐คก
Putin pins Moscow massacre on 'radical Islamists' but accuses Ukraine too https://www.bbc.co.uk/news/world-europe-68663043
The veneer is starting to peel off
#burningfromtheinside
Oh right BSR so yesterday the man was a feckless clown who doesnโt have a clue today it suits your narrative so you post โฆ ๐คทโโ๏ธ go figure
#burningfromtheinside ๐๐๐
Https://www.hindustantimes.com/videos/world-news/macron-warns-of-ukraines-quick-fall-at-russian-hands-nato-has-this-advice-for-zelensky-101711101968440.html
Macron thinks Ukraine will soon fall.
Strange how no one in the Western press picked it up.
Very strange. The Entire Western Pressed miss it.
Could only find it in the Arab and Indian Press.
#Realityinterrupts
I can't believe Big-blue actually popped his clogs.
In a way it was a fitting end for the troll.
Couldnโt agree more BSR the guy is an absolute ๐คก
#houseofcards is burning from the inside ๐
On 14th March 2024. Macron : France will send troops into Ukraine. BUT we will not lead.
On Friday 15 March 2024. Kirby: Send troops if you want, but the US will not be sending troops.
On Saturday 16 March 2024. BSR: (rolling on the floor in laughter). So who is going to lead the French troops into Ukraine?
Conclusion: The USA just reminded Macron he is a court jester and not a policymaker. Remember Aukus deal which made France look stupid, and now again France has been left out to dry.
All the while Macron cries on TV- "I am the president, I decide"x 10. Till music fades.๐คก๐คก๐คก๐คก
@E.Pensfold...yes you are a bit out and I should have spotted that when I responded to your earlier post on earnings in 2024.
You used single AISC guidance figure provided by POLY. This figure was an average incorporating both the costs in Russia and Kaz. Cost of producing gold in Kaz is much lower than in Russia, but I have not seen POLY provide separate AISC figure for Kaz. Further point to note for 2024 is the inflation in Kaz which currently is running at about 9% and the US$ to Tenge exchange rate is holding at about 450 to US$. If the exchange rate holds in 2024 (like it did throughout 2023), the inflation will eat into the profits leaving POLY with lower earnings.
So tough such dark days ahead โฆ Iโm struggling to cope โฆif only we had fair and open elections in the uk as they do in Russia
#houseofcards is burning from the inside ๐๐๐
Like I said...over optimism leads to disappointment.
But if you need the copium and hopium to see you through the days ahead. Then by all means go ahead.
#RealityalwaysInterrupts
Sorry I am miles off. I calculated EBITDA for poly.k here but it doesn't seem to relate in any useful way to earnings and EPS in today's financial results.
Current EBITDA of $439m for 2023 is healthier than my estimate for 2024.
Would really like to know how to estimate earnings from that.
No divi proposal is disappointing, a token divi would have gone down well. IMO POLY would have paid the divi but the shareholder register is currently all over the place, and its difficult to see this corrected without POLY relisting back on the LSE.