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TornadoTony,
I thnk Putin is testing Biden ( who is weak ) and the EU. Its impossible to second guess the 3D chess Putin plays unless you have a KGB handbook .My holding here transfered to Centamin will transfer back when the time is right.
It's up to the Ukraine who they want to make alliances with, no-one else. Putin's tactics of blaming others for his invasion, faking elections, giving away passports etc are now making him a laughing stock around the world and more and more domestically.
"The Yanks are and have been out of control for a very long time they quite clearly want to take Nato up to Russian borders...Vlad can;t touh them in their part of the world but he can take care of business closer to home....i am now thinking eastern ukraine and leave the rest to go round the u bend..."
The average down moves I made were clearly a mistake, although they were small buys in any case. This is all to do with geopolitical tension. I thought it was going to be all resolved last week. I have to ask myself how is a conflict over Ukraine in anybody's interest.
The Yanks are and have been out of control for a very long time they quite clearly want to take Nato up to Russian borders...Vlad can;t touh them in their part of the world but he can take care of business closer to home....i am now thinking eastern ukraine and leave the rest to go round the u bend...
Older yes I know. The Centamin point was that it matched with Polymetal all through last year. The South Africa point was separate and reminded me of how some companies that were mining in South Africa got shares dumped in the July 2020 riots although nothing happened at their facilities and how Polymetal has got the same treatment.
Torn, Centamin has nothing to do with South Africa at all.
USA just trying to distract from China and mess in Afghanistan
I don;t think Putin wants to invade or wants to deal with the aftermath of an invasion. I can only see it happening because his hand is forced.....i can see that regardless of what is said by the political puppets...i think they want Russia to invade so the west can go all high and mighty and act like the good guys.....but many in tthe west are waking up to the fact we ain'tthe good guys...in fact we may well be the bad guys.....Russia will do what it feels it must and i think theyre pretty aware of the full box of dirty tricks...but back to Poly one poster was saying this could plunge in the event and it could be used as an opportnity to take it private...it was on this or the adfvn board.....guy seemed pretyy knowledgeable about russia here or on that bard last week i think...
Spindler yes as if ‘Western Business Ethics’ are a paragon of virtue!
But Torn thanks for the info and I get your point. I am seriously considering adding here because it looks compelling value but wondering if I should just hold off to see if the Russians do invade or not. The thought has occurred to me that, knowing how this crazy market works, would the POLY SP actually rise on an invasion? I know it sounds crazy but what I mean is is it now already priced in? Kind of a rhetorical question because we don’t know.
Western Business Ethics ? Is that a deliberate oxymoron ? lol
Dibs you are correct in that the Russian Government does buy quite a bit of the production at market rates. If Polymetal was compared to Centamin as they were tracking each other in 2020 a change occurred from 1 January. The amount taken off on Russia political concerns works out as 190p off the Polymetal share price. There is a limit of how much the down rating can go as it makes out that Polymetal is less stable than a South African precious metal miner in the height of power cuts and civil unrests and industrial action. Polymetal itself is a high quality company and it operates on western business ethics.
Am I correct in saying that most of Polymetals gold produced is sold into their domestic market?