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"Again, I remind old and new POLY did/does not do any business in the West. Further, some companies which extensively trades in the West have done such deals eg. Hyundai."
This is the dumbest thing I have ever heard. And for someone working in commerce it is absolutely disgraceful.
Let me begin: "poly did/does not do any business in the west" before the war HSBC was one of the buyers of Polymetal Gold. Get your facts right. Go back and listen to the conference calls from Mr Nesis better still ask IR.
But even putting that aside. Who provided the credit facilities to Polymetal ?
This is from a comment Mr Evgeny made on one of those telegram groups
"The factors that are in our control (Western brokers access to AIX, rebranding to completely sever and disassociate the business from POLY RU, engaging with those entities in the West who continue to see us as a sanctioned company etc) we’re addressing, and we will provide more colour at CMD in June."
So if Polymetal does no business in the west why are they bothered about western brokers and engaging with western companies who continue to see them as sanctioned if there is no point? Do you know the business better than them?
Next point you keep on clinging to Hyundai: is Hyundai sanctioned ? Can't you read and understand the question I asked.
You can keep burying your head in the sand and coming up. With your fantasies, writing endless drivel to impress single brained individuals but ost people just laugh at you.
#RealityInterrupts
"Do you think it is wise for a "partly sanctioned" company to sign deals that will be basically an attempt to side step the sanctions?"
Again, I remind old and new POLY did/does not do any business in the West. Further, some companies which extensively trades in the West have done such deals eg. Hyundai.
https://www.reuters.com/business/autos-transportation/hyundai-motor-says-sell-russia-plant-token-amount-2023-12-
If anything, it would be much easier for POLY to do such deals than almost any other company
19/#:~:text=The%20company%20said%20it%20was%20seeking%20to%20transfer,for%20the%20sale%20of%20all%20its%20Russian%20assets.
And this has always been my issue with you JohnNth you ramble on for ever but never answer the question. It gives ostrich energy. Burying your head in the sand won't change the reality.
I will try again ...
"Do you think it is wise for a "partly sanctioned" company to sign deals that will be basically an attempt to side step the sanctions?"
#RealityInterrupts
BSR…you are correct, part of my work does involve monitoring of sanctions which could potentially affect the business. This is because the company I work for does its business in UK and Europe.
POLY doesn’t do any business in the West other than purchase mining equipment, and Nesis said in late 2022 that the company was gradually replacing it with the Chinese equipment to reduce impact of any potential sanctions. Gold POLY produced was sold in countries which doesn’t give a s**t about Western sanctions such as Russia, Kaz, China and some countries in Asia.
Companies exiting Russia and sold out for peanuts are again companies which do lot of business in the West like Shell, Hyundai, MacDonalds, Starbucks etc.
Other than its shareholder base and London listing, POLY compliance with sanctions (divestment from Russia) is/was more to do with its impact on senior management (A Nesis and V Nesis in particular) than impact on business, and that is why it got sold for more than a bag of peanuts. IMO, as I’ve said it before, POLY need not have sold the business but floated it separately on Rus exchange and provided shareholders with shares in it. POLY tricked shareholders; it got shareholders vote to redomicile and then once listing transferred to Kaz, took the vote to sell Russian assets; knowing full well significant number would not be able to vote due to mix up in transferring/swapping shares.
Another alternative to an out and out sale could have been a sale with a buy back clause within a period of time at exactly the same price. Again, companies which bided for POLY would have bided the same knowing they could mine gold at record prices and comes worst could get the money back if they have to surrender assets back to POLY.
JohnNth You have really shocked me with your comments.
Poly should have ...bla bla bla.
Let's rewind back a bit. You said you work in Sanctions right?
Do you think it is wise for a "partly sanctioned" company to sign deals that will be basically an attempt to side step the sanctions?
Looks to me that rational thoughts has left the chat and people are just emotional and scared.
#RealityInterrupts
Many companies with buy backs have that as they sold their assets for next to nothing, some as low as for £1, just to get out of there. Poly sold for a debt restructuring worth hundred of millions of pounds. Hardly think the buyers would also take on an option to sell at a loss to poly within 3 years if things go well
BSR...you've really upset me and many POLY holders with that post! In the sale agreement, POLY should have included a buy back clause at same price within 3 years say at the very least. Some companies selling assets exiting Russia have done this eg. Hyudai.
Https://www.ft.com/content/88b047e9-8cad-426a-b649-265ff6582db0
After the virtue signalling.
REALITY interrupts 🤣🤣.
#RealityInterrupts
Another 3 years wait for skint I'm afraid, doubt you will see 36p again for a few more years yet.
MR called it spot on.
Wink
Well i told the skint idiot to sell solg at 36p 3 years ago but the dork is still there underwater below 10p.
So I guess he should've listened to his superior.
•¿•
Hi John and stan it’s a shame but I told you all that this was a busted flush the minute Putin invaded ukr ah well win some lose some
#burningfromtheinside
Ukrainian theater closes after ‘almost all’ male workers are drafted
Mobilization has spared only pensioners and students at Chernigov house of drama, its head has said
https://www.rt.com/russia/598299-chernigov-drama-theater-closure/
A drama theater in the Ukrainian city of Chernigov is being forced to shut down, after the local military conscription center called up almost all of its male staff members, the troupe's leader has complained.
*****"*The west is staying true to their words*****
They will fight to the last Ukrainian. A theatre has to close as there are no men left. I wonder how many other businesses have had to close to feed the Zelensky snake.
When this war is over Ukraine will be a place for stag holidays filled with cheap prostitutes, drugs and alcoholics.
#RealityInterrupts
Stan55...agree 100 per cent. Nesis has been lying to shareholders all along; up until recently doing his brother's bidding. Decisions are made without providing vote to significant portion of shareholders. Prior to giving away Russian assets, he even had the cheek to say "We as BOD do not have to consult shareholders to sell the company but we're going to do it anyway". He knew full well majority of retail holders are not registered on Kaz exchange hence will not be able to exercise their vote and the resolution will pass through.
As far as I'm concerned, Nesis have lot of explaining to do. He is on trial in my books.
Thanks for that John.goes some way to explain the reasons although I have in an email from HL on July 21st that we would continue to receive dives and vote on the shares.
I understand that there is Chaos on their share listing. Obviously little can be done whilst POLY is on the Kaz exchange.
My feeling is that the whole board should get the push. Especially after the bargain price the Russian assets were disposed of with no capital returned to us and the treatment of loyal retail investors.
I see the shares are down again today 3.33. If this carried on we wont have any investment of any value.
Perhaps a takeover would be the best thing. To be honest I am past caring!
Copech...I cannot recall POLY saying it would use escrow to hold divis. It was an idea suggested by some in the past including myself. IMO there's no way around for POLY; only a London listing would restore shareholder rights and enable divis to be paid.
In relation to the dividends. I thought the company originally stated dividends would be held in escrow for those not on the register?
I told you the pigs are beginning to squeal 🤣.
Zelensky: "No one can survive a full-scale war with the Russians alone. "
https://vlast.kz/politika/60321-vladimir-zelenskij-prezident-ukrainy-nikto-ne-vyderzit-polnomasstabnoj-vojny-s-rossiej-v-odinocku.html
Hmm so finally you are admitting you were just milking the west for cash.
When did you realise this?
#RealityInterrupts
🤣🤣🤣
Stan55…my understanding is that unless you are registered as holder of stock on AIX (through a broker or Tabys), you will not be able to participate in voting on company matters. As regards divis, I did read somewhere that brokers like HL will credit any divis received from POLY to holders of accounts.
As I have stated on numerous times, POLY’s share register is all over the place, and this is the main reason why there’s no divis being declared; although POLY management says otherwise and provide all kinds of nonsensical reasons like lack of resources. They cannot admit the obvious cos it is their duty as laid out in the company Articles of Association to keep members register up to date. Admission to failure to upkeep the register would be interpreted as breach of their duty and resultant repercussions.
The company gets away with this due to Kaz authorities less than satisfactory oversight over companies registered on the AIX. Also, It is yet another departure from the promises made by Nesis and POLY when they said the company will continue to abide by the highest of standards once re-domiciling to Kaz.
On the flip side however, POLY also knows that in the fast moving environment it now finds itself, it simply cannot afford to be handcuffed by such procedural compliance when making strategic decisions so vital to the company’s future. IMO the management will be heavily focused on regaining listing on the LSE which would restore shareholder rights and goes someway to also restoring shareholder value through increased liquidity.
Hopefully, the company will be able to shed more light on this and other matters in the AGM and Capital Markets Day arranged in early June.
Burying your head in the the sand will not stop Russia winning Mr Ostrich.
🤡🤡
#RealityInterrupts
FFFFFIIIIILLLLLTTTTTTEEEEERRRRRRRDDDDDD
You need to get a life I think.
If you are going to start whataboutery 🤷♀️ I studied these in my ealy history lectures... touche
In 1932 and 1933, millions of Ukrainians were killed in the Holodomor, a man-made famine engineered by the Soviet government of Joseph Stalin. or
In the mid 1800's The Circassian genocide, or Tsitsekun, was the Russian Empire's systematic mass murder, ethnic cleansing, and expulsion of 95–97% of the Circassian population, resulting in 1 to 1.5 million deaths during the final stages of the Russo-Circassian War.
Now it's the weekend going into a BH so I am certainly not going to be a sad individual like BSR and copy and paste nonsense all weekend
Https://africa.businessinsider.com/military-and-defense/western-fighters-in-ukraine-are-getting-killed-because-they-assumed-the-war-would-be/c6nklv9
Westerners dying in Ukraine as they thought fighting will be easy.
I wonder how many of those "Call of duty" soldiers were misled by Boris Johnson and Liz Truss???🤣🤣🤣 Dummies.
The same bunch of dummies who believed in the Brexit fantasy.
#RealityInterrupts
I will keep on going on about it and make you chew on it till you love it.
Meanwhile the UK parliament invites and cheers on NAZis.
Oh by the way let us not forget the millions killed by Churchill in India in the deliberate famine he caused.
A dumb rock has the guts to want to claim some moral high ground.
So back to school - a real school.
#RealityInterrupts
What a knob