Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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How bizarre that some people still think this is an appropriate place to carry on their pointless arguments for and against Russia/Ukraine. It will solve absolutely nothing and just bores the pants of genuine investors who have an interest in the Polymetal share price. Enough already.
Https://www.ft.com/content/59298650-540a-43cd-86f8-a6c6db0aa906
An article about how every gulf State is investing in mining now.
Note this section:
Mark Bristow, Barrick Gold’s chief executive, says that western fund managers’ demand for dividends has “crimped” the industry’s appetite for growth, leaving the mining sector desperate for long-term financing. The Gulf’s involvement is “going to help us open up frontiers,”.
While he is not talking about Omani investment specifically, reading between the lines he hints that the gulf investors are not interested in dividends. This seems to agree with what I said earlier about their long term plans.
Seems to me that the 25% holder is in control.
Poly's financials including earnings for 2024 and after will likely be greatly influenced by whatever grand plans the board and management come up with to (re-)grow the company (K-POX and new mineral resources). I think it's prudent to wait until those details are announced to make more informed predictions.
Thanks for the reply 007. Any forecast for earnings in 2024 ?
The 2023 $439M "EBITDA" POLY touts is not accounting standards EBITDA. That's POLYs "adjusted EBITDA" which gooses up their EBITDA number in several ways, standard EBITDA is lower. And even after their accounting preferences/tricks, their "Adjusted EBITDA" for their Kazakh mining operations was down 15% year over year. For 2024 POLY has projected even lower production and higher costs in Kazakhstan. While higher prices for gold sales will help, 2024 will also involve higher costs and lower production.
Furthermore, POLY will be need to spend large amounts on the K pox and new resources to mine going forward. So don't plan on any significant dividends for quite awhile.
Https://kyivindependent.com/zelensky-putin-may/
Zelensky drops his demand for a return to 1991 borders, he is now happy with 2022 borders. LOL
If you ask me Russia is doing a FABulous job. A few more bombs and he will accept the 2024 borders.
Russia are very good diplomats they know how to negotiate FABulously. 😂😂
#RealityInterrupts
Thanks John.
I am wondering what the gap will be between EBITDA and Earnings (as a way to value the share and dividend potential) going forward.
EBITDA in 2024 could be over $500m USD if the gold price stays high and costs don't increase too much. Any ideas on how to convert or estimate earnings ? I guess many factors like debt payments (should be lower?), taxes (higher?), capex (only included as debt payments?).
If we estimate earnings at 40% of EBITDA then we will have EPS of around $0.4 (div of $0.20) which would give a current P/E ratio of 9 which seems high for a company which still has plenty of risk.
Anytime I make a buy you have to make a comment out of jealousy. Do you recall your £200 buy you posted on gst? That is really skint isn't it ? Wouldn't waste my time with that. Sorry little kitten.
No it churns you - you've only ever told lies and been caught out. The last buy you posted on gst was for £200 and its in your history. You're broke 100% happy to place a bet on it that you can't make a 10k buy anywhere and if you do ill double the amount on solg if you like ending 914 if you like. You're skint!!!!!
😉
Keep spouting rubbish tiny I know it churns you up inside 💋😂
Are you sure you don’t want any rent 😉
The skint idiot hasn't posted a buy in the last few years because its broke and use to post £200 buys - this is jobseekers type level... just facts you broke derek head.
More lies from Skint.
That's why he's so jealous of me.
Perfect.
Oh but I do tiny, I have more than you could ever dream of 💋
#daydreamerforlife
With no stated roadmap for rejoining the LSE this actually plays into the hands of those who want the status quo to be maintained. (Though I wonder how long these excuses can be kept up). I would have assumed that the same methods used to find/register all shareholders is the same whether on the AIX or LSE, so if it can be done for one, why not the other? As I see it, all it requires is the will within the company to do it. That no effort seems to be made presently is troubling.
"No mention of dividends at all"
At the last meeting, I sent in the following question:
Has POLY deciding not to pay dividend anything to do with lack of funds or the fact that shareholders register is incomplete?
Nesis did not address this question at all. I believe it is to do with the shareholder register which is all over the place. In the UK, Mem & Arts makes it very clear it is the company's responsibility to keep the register up to date, and I'm sure laws are similar in Kaz. In fact without an updated register, the shareholder votes don't count either. Nesis knows if he answers questions regards the register (which is hugely inaccurate/incomplete), he risks himself landing in deep waters. It would bring into question decisions made to sell Russian business where many holders were not able to vote etc etc. I'm sure a token divi would have been welcome, but how do you get this paid?
IMO divi will only be paid once register is up to date and accurate and it can only be brought up to date once POLY relists in London and hence it will be given priority.
Con't.
"Some of these things may seem far fetched or conspiritoral, but running a large company such as Polymetal is not an unplanned for process, and could have influenced the russian" unit sale.
GLASH
We seem to be locked on a roundabout, a day or two of rises, a day or two of drops. Net result nearly zero. Why is this, considering the gold price rise? (Remember costs are now fairly fixed so if 50% a 10% gold price rise makes a 20% profit rise). The share price is too easy to drop on a few hundred shares. This seems to me like a game of attrition by the new holder, to buy the shares of the other holders on the cheap, whilst the company goes about its day to day work of building a large cash pile, "Long term growth".,(No mention of dividends at all), "long-term free cash flow", this may be an indication of the intent to build up enough cash to finance/finish the Kaz POX with no additional borrowings. it certainly does not point to any dividend payments either.
I may be slightly negative ATM but what propels a share price? Dividends and/or expected future performance, and publicity. The first point is I think answered, as for the second, well, this market is too easy to manipulate (by the big boys), as for the third, it's not going to be on the pink sheets radar much is it! I see nothing to establish a confirmed timescale to return to the LSE with it's inherent fluidity any time soon, this being the only thing I see changing the situation as ASTANA is too small/awkward/remote/unknown for new buyers.
I would like to see a firm timescale and commitment to re-joining a more liquid market within a reasonable time, and for a dividend payment roadmap with similar for capital expenditure. I would also like to see the abitity to vote in the future on these proposals. The large owners are in the driving seats ATM, I don't see that we (the smaller owners) have any real view of why and where we are travelling. Without that we are just sheep, to be culled as and when required.
As I've said before I think that the Omani's have the intention of, as cheaply as possible taking this company private, look up the new director.
“Omar Bahram.
Mr Bahram has over 13 years of experience in M&A, transactions and legal advisory. He currently holds the position of the Chief Executive Officer at UzOman Investment Company – Central Asia focused fund of Oman Investment Authority (“OIA”) managing a diversified portfolio and private equity investments in the region. Prior to this role, Mr Bahram was a legal advisor at OIA leading major international transaction negotiations, closing and targeting exits to achieve the privatisation strategy goals of OIA”.
Is this appointment and these experiences in the best interest of the smaller shareholders and share price?
I find it very troubling that the conditions of the Omani’s share purchase is kept secret, and would wonder if it were at a higher than market price at the time, be kept secret so as to deflate the market, or hold it down.
Some of these things may seem far fetched or conspiritoral, but running a large company such as Polymetal is not an unplanned for process, and could have influenced the russia
Poor skint not got a pot to p*ss in
Perfect.
😉
Of course BSR Russia and it’s citizens will feel so much safer following the “smo”
#burningfromtheinside 😉
Https://www.thetimes.co.uk/article/its-time-we-talked-about-the-fall-of-kyiv-6l3vrxbhf
Headline: "It is time we talked about the fall of Kyiv"
I have absolutely nothing more to add.
#RealityInterrupts
Loving how the tiny has the vocabulary eloquence of a 9 y/o must dash? If only 😂
One day skint will prove me wrong and post a few k buy and post it in advance. He can't because he blew the lot..
Right E O
Must dash.
Some of us are in profit in gst and novice sold his gst shares at .5p its in his posting history. And the skint clown was buying them above 2 pence according to posting history and some were for £200 - plus his average in solg is 10p according to posting history. So since he starting posting on the poly board this skint clown got even poorer.
Perfect.
😉
Gst
Zelensky fires security chief
The head of the Ukrainian National Security and Defense Council (SNBO), Aleksey Danilov, has been relieved of his dutie
#burningfromtheinside...but who is burning? 😂