Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I contacted POLY IR with regards to dividends. They told me no interim decision was discussed at the meeting last week and referred me to the statement put out by the company on 31st October which reads as follows:
"The dividend decisions for the company will depend on the progress with the sale of the
Russian business and until this sale is finalized and executed, I don't think it will be appropriate for the company to pay dividends. I remain hopeful that dividend distribution will be on the Board's agenda when we approve the report for 2023 and as such, dividend payment would be possible based on the results of the full year 2023. This represents a slippage compared with our previous expectations but again, both operational difficulties in terms of unwinding the inventory, and complications in terms of completing the sale of the Russian business are pushing back the dividend distribution into the future."
To sum up "no sale of Russian business no dividend"
I can understand this given company business in Russia. POLY have to exit Russia completely before it can pay any dividend. In the meantime, company is making record profits and the cash is piling up.
Https://www.nytimes.com/2023/12/11/us/politics/us-ukraine-war-strategy.html
"The United States is stepping up the face-to-face military advice it provides to Ukraine, dispatching a three-star general to Kyiv to spend considerable time on the ground. ",
America is now directly involved in this war. Russia has the right to strike Germany and the USA.
Secondly the article is a clear admission of failure by Ukraine. The USA has to send a general to Kyiv to oversee the war.
Now they no longer talk about winning the war, now they talk about strengthening Ukraine’s hand at the negotiating table. So translation means right now Russia is winning and Ukraine has no bargaining chips.
So why didn't they just implement the Minsk agreements? Why did all these Ukrainians have to die first?
Or a former KGB pencil sharpener/teamaker 😉
#houseofcards
Z tried to be funny when he encountered Putin and Russian resolve in putting things right ie. conformity to Minsk 2 agreement signed in 2014. Well...it's not funny anymore; he made the wrong call and he knows it as well.
WARNING! Beware before electing a comedian to run the country.
Maybe he's unhappy about his countymen dying. Whereas the other side's leader has no care what so ever as to how many of his countrymen get called up to be killed in this meat grinder of young people. Be it in their outdated equipment or due to failed leadership.
SMJ - seems Poly have indeed taken this approach to dividends. I did think though I'd heard that they were going to make some sort of statement about them in December presumably at this GM but presumably mistaken. Or have I missed something..?
Why are all the photos of Zelenskyy dark, depressing and miserable now?
What happened to the golden filters?
Article headline:
Ukrainians question Volodymyr Zelenskyy’s ‘rose-tinted’ speeches
https://www.ft.com/content/7ec4e810-33e3-44ca-8744-e01cb9f82c28
Translation: They are tired of the lies and don't belive it anymore.
Reality has interrupted the fantasy in Ukraine.s
Chip chip chip.
News on the vote.
https://www.eqs-news.com/news-details/?eqsNewsID=2665115
"Polymetal International plc (the “Company”) announces that at the General Meeting (“GM”) of the Company which was held on Friday, 8 December 2023, at 10.00 am Astana time (GMT+6), all resolutions proposed by the Directors in the Notice of the GM dated 23 November 2023 were duly passed with the results as stated below."
Thanks J-A-B
Thanks JAB.
From IR.
Press release will be issued as soon as AIX Registrar processes all the votes. Likely Monday morning, before Astana close.
Can't see anything regarding the results of the General Meeting (though it should have finished by now I would have thought.
"8 December | 04:00 (UK) | 10:00 (Astana) | 07:00 (MSK) Subject: General meeting
Baiterek Room, Sheraton Astana Hotel, 60/1 Syganak Street, Z05T6B0, Astana, Republic of Kazakhstan)
Has anybody else seen any info or is my timing off?
Thanks.
Doubt it. The company have already mentioned that they are not comfortable paying a dividend until sale of the Russian assets. The don’t want to rock the Russian government boat in anyway.
Best thing for shareholders is not to mention dividends. Think we just need to be patient. My expectation is that the company may pay a dividend if sale is completed In the first half of next year.
It's highly possible but no point to guess as we can just follow the news tomorrow
Good evening all. Is there meant to be news about dividend plans tomorrow?
LeMonde
“Russian women's groups protest against 'endless mobilization' of soldiers
Mothers and wives hope for the return of their loved ones sent to fight in Ukraine since September 2022. But their demand is not on the Kremlin's agenda.
The movement is difficult to quantify, but it is, at the very least, embarrassing the Russian regime. Across the country, groups of women have formed to demand the return of their husbands and sons from the Ukrainian front. According to official figures, which are probably underestimated, 300,000 of these men had been mobilized from September 2022 to take part in the "special military operation" launched by Vladimir Putin. Some 14 months on, their return does not appear to be on the agenda.”
Even the mice and rats have overrun the NATO zombies trenches. Wonder what the next wave of fresh meat make of them? seeing as they are mainly women. "EEK"
Throwing a hissy fit to the country keeping your war alive with funding is surely not the best thing?
Where's big blue gone by the way
We are dealing with blackmailers. Since the conflict started, we have not had independent verification of Ukraine's progress; they have barred news outlets from the front lines completely. Every now and then someone serving on the front line spills the beans on reality and it does not make good reading for Ukraine. At the same time, Ukrainians are buying big villas and yachts in exotic places in record numbers, including his close mates.
Think little green mans' days are coming to an end.
Any way back to Reality Interrupting fantasies...
https://www.bbc.co.uk/news/world-us-canada-67585902
I thought Zelensky was the darling of US Congress. Remember his last appearance were he was treated like a Rock star ? Why is he canceling now?
I guess the US has realised they are dealing with Blackmailers. 🤣
Just keep one word in mind - Burisma.
like i said jotom is big-blue by another name.
now he wants to talk about russian kleptotocrats.
what had that got to do with the war? another tangent he wants to go off on - classic big-blue. if he was so worried about kleptocrats why did he invest in polymetal - hypocrite? and if he didn't why is he posting here? another big-blue classic action.
but talking about kleptopia being an enemy of democracy...
37 billion vanished by boris track and trace.
michelle mone and dodgy ppe.
han**** pub landlord getting 100k for ppe.
you think you are any better than johnny foreigner. 🤡
APRIL 14, 2022
"The obscene stolen wealth of the Russian oligarchs is, at last, being brought out of the shadows. Like bacteria, the Russian Kleptopia is succumbing to exposure to light, as Putin’s filthy-rich supporters are sanctioned and their planes and yachts seized. Massachusetts Congressman Seth Moulton has drafted a bill titled Yachts for Ukraine, which would seize oligarchs’ yachts and planes and send the proceeds to benefit Ukraine.
Kleptopia is the visceral enemy of democracy and well-being and the lifeblood of despots. (See box: The bad guys are winning) The world is very late in awakening to the problem, but better late than never. "
Yet again it is the honest Russian people who suffer, so what's new.
Razza, are you part time on the tRump propaganda team now?
https://eu.usatoday.com/story/news/factcheck/2023/04/05/fact-check-post-unsupported-claim-ukraine-president-volodymyr-zelenskyy-assets-and-income/11592626002/
See how western financial aid (our taxes) to Ukraine is applied!
https://www.msn.com/en-us/news/world/bengue-patrick-shefir-brothers-yacht-purchases-and-call-for-transparency-in-ukrainian-leadership/ar-AA1kFRsx