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What you on about ? Talking rubbish again.
Oh btw anyone still holding here is royaly shafted π€·ββοΈ
Another example of #burningfromtheinside
Only an idiot would believe Ukraine are winning you tool⦠one thing is for sure though, slowly but ever so surely
Russia is #burningfromtheinside
πππ
Https://www.bbc.co.uk/news/av/uk-politics-68749301
Stoltenberg wants Ukraine to compromise π.
I thought Ukraine was winning ππ€£π
π€£π€£π€£π€£
#Reality...
Https://news.sky.com/story/russia-ukraine-war-they-arent-ready-to-die-the-smuggler-charging-thousands-to-escape-army-conscription-13112262
I thought Ukraine was winning ππ
The fundamentals which bought most of us to invest here, have clearly changed considerably and clearly not so many buying in right now... Really hoping Poly cares enough to keep us on board and acts to show this.
Think its combination of geo-politics, worst floods in Kaz history and lack of any information frpm POLY.
At least an update regards any impact from floods would be great if not anything else.
My guess is Blackrock have decided to get out completely. Has anyone had a response from investor relations apart from the usual we have no idea why we are in free fall?
We are in new territory and so will take time for the new company to settle; release of Q1 production figures in the next few days will be a start. Further, paying of divis would go a long way towards stemming downward spiral in sp, but this would most likely require updating of members register which may be almost impossible without the London listing.
Further, sp in the past 2 days have fallen more than 10%. IMO this may be due to geo-political factors including cross-border payments
https://www.newsweek.com/neighbor-russia-sanctions-invasion-threats-kazakhstan-1887818
Nesis did say both the sale of POLY Russia and future use of POX facility inside Russia has been cleared with US sanctions authorities. But if banks aren't prepared to process payments, how do you get around it?
IMO tensions between Russia and its neighbours will persist for years to come, which begs the question does it make sense for POLY to look to expand in Central Asia as Nesis said would be POLY's future priority. Countries he mentioned, Uzbekistan, Kyrgyzstan and Bananistan all neighbour Russia and were previously part of USSR.
The management (MR Nesis) have indeed been selling sweet dreams to shareholders.
I recall Nesis said 6 months ago the company will consider paying interim divi in Nov 23 subject to satisfactory trading. Trading was more than satisfactory but interim divis never materialised.
He then said Russia sales proceeds will be partly used to pay divi which also did not materialise; providing a need to bulk up the company as priority as an excuse.
Early this year, he said now the company have re-domiciled, sale of Russia business will suffer negligible penalties/discount and quoted over $1bn EBITDA in 2023 as benchmark for sale valuation; business was sold for next to nothing and to a small private company in Russia and so holders will never know the truth or of any backhand dealings....a STITCH UP
POLY announced sale of Alex Nesis shares (24% POLY holding) to Omani company and followed this up with announcement of sale of Russia business two days later. Nesis claimed he knew nothing about it until it was announced and hadn't seen his brother in over a month.
IMO Nesis was used and abused by his brother in carrying out such shady actions in the past year or so and so have a credibility issue to regain shareholder trust.
STOP pedalling lies and being up front with shareholders would make a good start.
In conclusion.
As far as I can see (though I'm happy to be put right), this is being done to get the majority shareholders, (the little shareholders who hold over 50% of the company, in fact) to get disillusioned, bored and sell up (hence no divs, no London re-listing, no good news, no POX being finished which would further boost company production, profile and valuation). Allowing an interested buyer over the next small number of years (two or three) to hoover up large numbers of shares at very low cost, then taking the company private without having to offer an inflated share price, or be at the risk of a hostile counter bid.
It would be great if someone from the company (they I assume know of this notice board) posted here some explanations for their present and near term actions.
Agreed, the company is now only a third of the size, but remember the drop was mostly (I'd say) due the russian connections and the war, those connections are no longer as relevant. There was shared debt of nearly 2.4$B which is now gone, the gold price has increased by nearly 20% in the last 2+ years and assuming costs are up 10% that means a healthy profit increase. Itβs difficult to know the real situation until some financial reports for the company as it is now are produced, but is it really so gloomy as to drop by 10% in the last two days alone, and about 18% in the last month?
Do not factors like the now stated intention not to relist on the LSE for three years (for some unknown reason) have just as negative an effect on price? Being in the FT100 may not be possible at the present size (or in a few years) but why not the 250? Any listing such as that would expose the company to buying from the tracker funds, greater liquidity thus allowing funds possibly to be raised to more quickly finish the KAZ POX, (not one where average deal of 300 or less shares so dramatically and ridiculously move the price to such a large degree), and much greater world exposure. Check it out, gold producers are the flavour of the month and we are in this dead backwater!
Remember, the value of the company is based on many things, future guidance, profit %, risk, world events. The fact we are now a third the size does not mean that the shares should be a third the cost, it depends on many other factors. Many smaller companies have high share prices.
I don't claim to understand business very well. But when you sell 2/3 of your moneymaking machine, how would anyone expect the share price to shoot up? The management has been selling sweet dreams to the shareholders in the last year with the Russian de-investment strategy. Polymetal is not the same company anymore. That's what I understand.
Sorry to hear this but unfortunately the pillock putin has other ideas π€·ββοΈ
#burningfromtheinside
The article states
"The source claimed that Gurulev is pushing for an invasion of Kazakhstan because he believes pro-Ukrainian forces in there launched a recent drone strike on an oil refinery in Tartarstan."
I thought Tartastan was in Amsterdam!!
Time to start praying again - that would be one of the last things we or the world need.
Could this be playing up with POLY sp?
https://www.msn.com/en-gb/news/world/vladimir-putin-planning-new-soviet-union-as-he-sets-sights-on-next-invasion-target/ar-BB1lkaM3?ocid=msedgntp&pc=U531&cvid=b3bf7f3786454ae68cffb78f03a9464d&ei=14
POLY shareholder register is all over the place. The company articles states it is the duty of the company to keep members register up to date.
POLY have failed miserably on this front and I feel it is getting away with it under less than adequate supervision from authorities in Kaz. It suits POLY management as well as they can push through their agenda without any opposition from retail investors eg. RUSSIA SALE STITCH UP; which is a betrayal given the loyalty they have shown.
Filing an official complain with Kaz Stock Exchange may be the only avenue left for stock holders.
I no longer think that the share price of this stock has any connection to the reality of it's present, let alone future value. The constant price attrition inspite of better trading conditions is an indicator of this as far as I can see.
It's being manipulated to benefit the new owner (or others) I'd say, to build a large positions at the lowest cost possible. (hence no disclosure of their buy in price). That this may, when it hits a described percentage allow even more control than presently is unknown to me.
The only hope I see now is to get the management to register ALL shareholders allowing proper vote/s on this new direction of business.
Such a shame.
Gold price now nearly $300 oz higher than average for 2023. If maintained, through 2024 the sold Russian business will add another $600m+ on its $1bn plus EBITDA achieved in 2023.
Of the sale, Nesis said the following in February:
"Your investment certainly has been decimated, but management was not the root cause of this destruction."
Management may not have been the root cause, but their performance in managing the sale fell considerably short of what holders expected to say the least.
Gold price is now trading at record levels but SP is moving backwards. New strategy and sense of direction for the scaled down business can't come soon enough.
ARE YOU LISTENING MR NESIS?
Even more telling when you've never been invested - sign of a broke troll...
As you were.
Thanks for the input 007, Jotom & John
GOLD: $ 2,280.15
Poor Razza still living in the dark past π€·ββοΈ
#burningfromtheinside πππ
The game was set with the nato frothers in the beginning im afraid. they and the mods here created the scene with their attempts to shout down the truthers
as expected they are all gone now. just like the ukrainian army.