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Oh NOW people are saying don't remortgage your house! 0_o Lol kidding, I have said I've borrowed to buy, BUT I gross 900 - 1000 a week and can cover it over the summer with no problem. I stopped short of selling the Rolex! And have £33k in mainly Polly (15,000, that's it, if it goes down to £1.50 I might scrapes some money together but I'm very happy sitting on that level) and a some JRS and a thimble of EVR, that's 22% of my total pension savings. Though I'm still working, I do already get a small but handy index linked pension of £7.5k a year (long and tragic story, I won't burden you with it :D haha) Talking of risk though, I do a job that I find easy and am more than happy to work a day / day and a half in retirement and bring in an extra £14k a year, Polly working out means I won't have to!! Said it before, rampers, sage-ers, de-rampers, numptys, run-for-the-hills-ers, appreciate all the input, I've learned a lot here.
Hi Timydogy - No I am not on ADVFN board, one chat forum is enough for me! I have a quick read on a morning and to check if any RNS's. No need to be on two boards. I have been checking in more recently to see if anyone provides any links for any news on peace talks as we all know this will effect the SP. Any mention of positive peace talks and I will be topping up. For now I am happy with my holdings, but may also have a top up on Tuesday if the RNS is positive.
DYOR and GLA!!
The war talk has been entirely Russian propagandists, who then get called out, who then complain somebody as called them out and they finally finis with a cry to clean up the people who answer back leaving a single pro Russian propaganda narrative.
If people were serious about wanting to reduce war talk, why don't you start reporting those who kick it off in the morning? None of us are under any obligation to sit on our hands and be abused by propagandists trying to post grotesque fake news.
Sagacity is that you Imastupidgit from ADVFN; you write in a similar fashion. But yes well said. The war **** has ruined both Poly boards, about time the moderator's cleaned it up.
Big-blue I don't think anyone has said to invest all your pension pot in Polymetal, however everything I have said on this thread is facts about Polymetal. (I personally have sold all my AIM shares and bought Poly and EVR to go with my rest of my portfolio of blue chip dividend stocks and happy to hold these now as I personally believe they will be fine in the long term). If you read the start of the thread regarding risks, it is still a high risk / high reward share and the SP has fallen due to the invasion into Ukraine from Russia. Majority of the II's have been forced to withdraw funds from all shares associated to Russia:
RISKS - Many risks have been priced into the stock during its fall from £14+ to £2.65 per share. However the fall in the share price has nothing to do with how the company has been run. This is still being run as a £14+ company, top 100 FTSE company.
I wanted to make a thread to talk about Polymetal rather than the war, I keep telling people to watch the Analyst & Investor Day presentation as they confirm its pretty much business as normal and still on track to produce 1.7Moz of gold this year. Nobody knows what the SP will be end of today, end of next week, end of the year. However I think we can all agree once the war is over this SP will increase. Hopefully the war will end soon, especially for the people in Ukraine and for everyone in the world. Just read some of the headlines from yesterday. 'Global Food Crisis - World bank to provide $12B to address the situation'. 'G7 agreed yesterday to $18.4B to Ukraine. US approves $40B in Aid'. 'Zelensky states Ukraine needs $6B per month to survive'. However UK's inflation now 9%, US inflation 8.3%. 'Sri Lanka yesterday defaulted on its debt for the first time stating they cant afford to pay it. The island has run out of petrol and Sri Lanka's inflation is at 40%'. This war cant continue on much longer. Newdealz's latest thread hopefully suggests Russia and Ukraine can start peace talks soon for everyone. RNS Tuesday - hopefully positive news with the updates.
DYOR and GLA!!
:)
yeap, russian economy, simply: https://www.youtube.com/watch?v=d1gYJDQXPOk
Action Jackson - It was obvious when it come out that the grass was a different colour LOL. The resolution of the video changed too. It didnt take the CIA to debunk it.
Russia has resorted to using DJI mini drones to drop hand grenades now LOL. A supposedly tier 1 military power using quad copters to drop a hand grenade. The Drone is so small it cant even carry a mortar. Embarrassing.
Ukraine has 85 billion USD in funding and weapons now and they are training a million men. The longer this goes on the stronger they get. The reverse is true for Russia. Your best men are dead, your equipment is scrap and your money and economy is running out FAST. The Russian Youtubers are showing moscow now crumbling from closures and bankruptcies.
@roxy yes i just saw some others here saying they had done that and wanted to be clear i wouldnt advise it, if your young enough it doesnt matter you can go again like i have, it also depends where you are in your life and your responsibilities, i have none and am getting on a bit now and had a major health scare back in 2016, Covid and now this war has given me a different way of seeing life going forward, its win big this time and sit back and enjoy things. Im a gambler and like risky trading but only with big fish, not as reckless as before though in 2009 crash. We live and learn ))
Yeap, so long as you can hold your nerve, this should pay off nicely. In a falling market, spreading your investment over 20 falling stocks doesn't sit well, compared to pushing 'more' into a severely undervalued stock (somehwat immune to current market drops) with huge upside when peace innevitibly comes seems a nobrainer. Sure, a total loss would be brutal, but I doubt that, and even a half way recover would be good enough long term. Im in at 80% of portfolio, granted, super risky, but with a long term view IMO this is a better 'bet' than other stocks in this whole stagglfation situ, never mind the global recession triggered by Russias leaders glory grab before he dies, hopefully sooner rather than later.
GLASH DYOR!
Agreed, FA.
I normally stick to the advised 5% max in any one investment, but am up to about 11% here, with a view to adding more.
Sometimes you have to take that bit of a gamble, especially in falling markets.
Newdealz.
Same here.We are all invested here with our spare cash ( well i certainly hope so) I dont think FA was talking about taking out extra cash in the form of loans or any form of borrowing just because the stock looks remarkably a brilliant bargain.
And by the way as Warren would say "when others run away you walk in"
ATB
ATB
@FA hands up i am guilty, BUT i will say never play on the stock market with what you cannot afford to lose, i ceartinly would not be taking out loans\remortageing and that kind of thing, if i got wiped with my portfolio i will be OK as i a few quid under my mattress )) Been here before, which i why i now stay away from AIM market, the bigger fish swim in calmer safer waters.
FA.
Ditto
Hey Action Jackson.
Care to comment on the debunked fake video of the M777 the Russian MOD put out on state media? Since all their claims are true how do you explain that one?
Infor we have known for some time there is some manipulation of the sp going on. You are right in saying that mega sales dont effect the sp that much.
gurus - that Bufet fella again. I don't follow gurus. Getting something right now and again? It's the now and again bit that makes me more cautious of limiting the size of any investment. You can get rich quick with a lottery ticket too. You can also lose your full stake in nano second without warning in the stocks and shares casino.
When you sell 50000 shares now (for some strange reason) and the price increases you have to wonder. MMs know something we don't.
@Big-Blue its a mythe about going all in, if you find a gem at bargain price its a good call, even Warren Buffet says this, i couldnt in my life think of a better risk reward ratio on any share in the market in my life time, well apart from when i bought Taylor Wimpey between 5-10p a share. Boom time is coming we just need to be patient. Morning team POLY
Great ramp. Whilst assessments can be made to indicate nothing but rainbows and blue skies, the situation on the ground and unpredictability of events as shown since 24th Feb must be considered. Dumping your entire pension pot into a share with such a rosey synopsis is often not a good idea. Always consider why the sp is where it is.
You don't need to convince me, great post. This is for the long haul. Best bet to buy at these bargain prices before the institutions start in earnest. Looks like another dribbly downward manipulation by the MMs as usual.
Another brilliant post. Nice one Saga. A breath of fresh air.
*That should say If the SP rises higher the Yield will keep decreasing. At the moment with the current share price if Polymetal do eventually start paying 75p dividend a share again (and they will do), if you buy at todays prices the yield would be 30% (as its the Weighted average price you paid for the shares, not the share price when any dividends are declared), therefore in just over 4 years as I personally don't think/expect they will pay any dividends this year you would get your investment back in dividends alone, as well as potential share growth back up to £10+. This is a solid company with a current P/E of 1.71 (again this will go up once the share price starts to increase). Polymetal has 10 gold mines and 6 growth projects and 6 exploration joint ventures.
Polymetal's Veduga Gold Deposit - YouTube
In case you missed out Gopnik's post on Wednesday evening check out the YouTube link above regarding one of their growth projects Veduga, Nesis states on the link after exploration its more than likely it will be 10Moz of a goldmine and look at those grades of gold. Q2, 2022 they are wanting to fully consolidate the asset. (I'm sure in the question and answers on the Investor Day somebody asked if they had consolidated the asset and they said yes). Possibly we get an update on the 24th May 'Trading Statement' regarding this. As per their website start of construction for Veduga is Q3, 2022 with first production Q2, 2025. They have received status of a Regional Investment Project, so should benefit from reduced income tax for the project 2025 - 28 and Mineral Extraction Tax until 2034. Veduga is going to be a world class mine!
With the current climate as investors in general are offloading shares due to inflationary pressures, I would rather invest in a company that earned more than $2.89B in revenue last year, made $904m in profit and has more than $2.2bn in assets and is on track to make more than $2.9B in revenue this year. Still a great opportunity to buy at the current SP. Looking forward to the Trading Statement on Tuesday. Any positive news should push up the support price level.
DYOR and GLA!
Great post Sagacity. Very well put.
Anon3 don't confuse the dividend with the yield. The dividend is the cash you receive. The Yield is the annual percentage return in dividends on your investment. If Poly keep paying 75p (the dividend) a share once they commence paying a dividend (which they will do in time). The Yield is currently 29% at todays SP. (0.75/2.55). Very unlikely we will get a dividend whilst the war is going on, however they did mention in the presentation if they paid out a dividend in August it will be from the Cypress money, which is so they can pay the Russian shareholders out of the Russian money. Any talk of a dividend the SP will rise. If you end up buying at £5 the yield would be 15% (0.75/5). Talks of peace in Ukraine and a dividend and the SP could be back up to £10, the yield would be 7.5% (0.75/10). If the SP rises higher the SP will keep decreasing. As per their website 'Strong capital discipline - We engender a strong focus on capital discipline throughout the business; maximising risk-adjusted return on capital is our priority in all investment decisions. We do not retain excess cash and return free cash flow to shareholders through substantial dividend payments while retaining a safe leverage level.' They have stated its business as normal, any positive news on the upcoming RNS will help increase the SP, but I am happy to keep accumulating for the long term as I have a nice yield. I wouldn't like to day trade this share as the SP may not come down as I think some people are wanting it lower. Annon3 you may not get your order filled. Look at those late buys today £436.88k and £280.50k buys I am happy to follow the money!!
DYOR and GLA!!