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So gracious of you to finally see the light -novice. Then again as a novice I can't really be upset at you.
Re: 10 years. I noticed your little dig. But the funny thing is, It has been suspected in the west that Putin will pivot soon to a low intensity war as soon as he has all the territory he wants. And that way the war can go on for years, even decades. As guess what. No country can join NATO while at war.
ššš.
Youāre right BSR I submit to your opinion and agree that Putin is in the ascendancy atm and tbh canāt see anything halting the charge towards the western borders of Ukraine, it might take 10 years but by then who knows what the next flavour of the month putin will have instigated to distract, he certainly is far cuter than all the western leaders put together currently but still think there will be a big twist coming as both countries cannot exist on the current war footing and isolation of Russia
#houseofcards
Mr bull? Is someone hallucinating?
Mr bull, you have no class
It makes me laugh when I read all this arm chair deal makers.
If I ask any of you to list all the sanctions by the west against Russia...you won't have a clue. Hint: Russia is the most sanctioned country in the world (take a minute and let that sink in). Then now list all the counter sanctions Russia has placed on the west and the rules regarding capital restrictions....again you won't have a clue.
So stop all this nonsense of saying what Nesis should have done and what options there are out there ...it is giving childish babble.
I have been saying this for the longest "a lot of people here have no clue in the company they have invested in' guess what today one just confessed. I quote "...there is accumulation occurring, probably by the large holders, they have the vision, money and longer term timescales..."
Sounds like someone didn't have the vision(understanding), over invested and was looking for a quick buck.
Another one is Foor having a meltdown. It is hilarious.
Oh and let me just say something about Novicehunter cos I saw novice really wanted my attention. So question for novice "do you have the 3 million soldiers ready for Zelensky"? He needs them to defend Avdiivka. Oh wait ...š¤£. Nevermind
Deal raises lots of doubt cos the sale is to a small privately owned company with one dominant majority shareholder.
In view of the backlash from retail shareholders, I think there will be a divi; possibly as early as May subject to completion by end March which now looks certain. The fact POLY have not paid any divis since 2021 despite buoyant gold market will weigh heavily I think. I wouldn't like to guess how much, but I'd be disappointed if it's less than 40 cents a share.
PS PolyM - you're a stark raving loonie.
Hxxps://t. me/ +zg-Fowhl7vk5OGEy
putin authorized transactions with shares of polymetal and taseevskoye llc (taseevskoye gold deposit in transbaikalia, the license for its development is held by highland gold of vladislav sviblova).
mining company polymetal international previously agreed to sell its russian business. it will be acquired by mangazeya plus, which is part of the mangazeya group of companies owned by sergei yanchukov, rbc wrote .
last spring, the mangazeya structure agreed with highland gold to buy out a license to develop the taseevskoye gold deposit. *************+zg-fowhl7vk5ogey
MOSCOW, February 20 ā PRIME. Russian President Vladimir Putin has authorized transactions with shares of Polymetal JSC controlled by foreigners; the corresponding order is posted on the website of the official publication of legal acts.
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Shares of Uralsib Bank reached a historical high
"In accordance with paragraph 5 of the decree of the President of the Russian Federation of August 5, 2022 No. 520 "On the application of special economic measures in the financial and fuel and energy sectors in connection with the unfriendly actions of some foreign states and international organizations" to allow transactions (operations) with shares in the authorized capital of the Taseevskoye limited liability company and shares of the Polymetal joint stock company,ā the document says.
The day before, Polymetal International announced the conclusion of an agreement to sell 100% of the shares of Polymetal JSC (combines Russian assets) to the Mangazeya Plus company (a structure of the Mangazeya group, owned by Sergei Yanchukov). The transaction is expected to close by the end of March, subject to receipt of the necessary regulatory approvals and shareholder approval. Polymetal was valued at $3.69 billion, including debts.
Many thanks for your thoughts John - your plan does indeed sound as though it would've been fairer and more proper. Being blunt, has this at least made the situation clearer for shareholders as regards dividends, and if so what/wnen are you expecting these?
KOMO (Knowledge of Missed Opportunity) follows always instantly after FOMO at this stock... The best i know is that i should have sell for 4.9 USD and try to sleep well again.
Saying all that, POLY Kaz is worth a lot more than current market cap..........
@Moorscloud...I've not been in the loop for a while now, but view recent developments as follows.
My opinion is itās a stitch up, and wouldnāt be surprised if thereās backhanders flowing from Sergei Yanchukov to parties past and present within POLY making it happen. A Nesis selling 2 days before Q4 update quickly followed by this deal has all the hallmarks of a stitch upā¦it stinks. IMO A Nesis all but agreed sale with Mangazeya before he sold his shares. Thereās even a possibility bids from other potential buyers may have been higher than that from Mangazeya, but weāll never know.
Mangazeya Plus JSC is a structure created for the implementation of the transaction by the Russian company Mangazeya Mining, which produces precious metals and has been operating in Russia since 2011. The company is part of Mangazeya Group of companies privately owned by Yanchukov Sergey Valentinovich, hence he will be full beneficiary of a substantial upside resulting from this deal.
Any such back hand deal would not be possible had POLY done the deal with a prominent company listed on MOEX as benefit would be shared with wider shareholder base and disclosure requirements would be more rigorous...think about it!
I fully accept the need to divest away from Russia. IMO there is another option (if possible) whereby POLY Kaz could have borrowed $1.151bn to settle inter-company debt, floated POLY Rus separately on the MOEX and given shareholders shares in the new company. Then it would be up to individual holders what actions they wish to take. POLY Kaz would have severed all ties and be free of all potential sanctions and shareholders would end up with stake in both POLY Kaz and POLY Rus. I accept potential holders in POLY Rus would not be able to sell their shares or receive divis until conflict ends, but I think it would have been risk worth taking given penalty the holders will be paying once sale goes ahead. I would much prefer this than the 70 cents per share we will get from the deal agreed.
I intend to vote against it; not that it will make any difference as Omanis will back the deal and Blacrock won't bother voting. Last time a shareholder vote was taken, approx 30% holders voted and Nesis owned nearly 25%.
I am very disappointed with the deal and believe POLY Rus is worth way more. Sale value of POLY Rus is valued at 3.6x 2023 EBITDA of $1bn, when its peers in the West are valued at over 14x. Although I am still up by about 80%, itās the long term holders who will suffer most.
On re-domiciliation to Kaz, Nesis did say POLY will continue to adhere to highest levels of corporate governance, but unfortunately this has not been the case as situation unravels. I have noticed many contradictions from what he said previously on future divis, business valuation, interested parties in China etc and now he lays blame on worsening trading environment surrounding Russia which I believe has always been there since conflict started.
I agree they want retail out the management want rid of the moaning little f888kers.
There's retail some have 100k or more stock.
Go on Telegram Polymetal London group There's a couple of administrative guys and a couple of posters they are all either the same person or investors relations and they're all shouting sell sell sell and go.
It's funny but the sale deal is awful arrangement and Nesis wants more gloom. Notice the sp is sticky around 3.80 cents.
Sounds like BSR has or is losing the plot š¤”
Couldnāt happen to a nicer person ššš
All their hard earned gone in a flash
#houseofcards
This is presently my view on whatās happening or could be happening. (These views might be 100% wrong, they are just my views). I have up to now felt positive about the stock, I still mostly do, itās just that I donāt like secrets or broken promises.
Overall I think that there is accumulation occurring, probably by the large holders, they have the vision, money and longer term timescales to ride out the present waves. They want big positions in a world class company and/or wish to average down their price for the expected gradual increase.
My reasoningās for this.
Why were the details of the Nesis share deal not disclosed?
Maybe because it was lower than the market price? But that would drive the price lower still allowing more shares to be picked up more cheaply (though they could have done it to be nice to the common).
I think it was because the deal price was higher and they wanted to buy more shares on the market with no bump up in price caused by their initial purchase price.
Why no dividend?
A dividend would tend to push the price upward, it would be a signal (in a way) of a return to normal) that's not good if you donāt need the divi and hope to increase your position cheaply.
I would not be surprised if the intention is for the big holders to take this company private, (or for it to be closely held).
All of this is conjecture, but after all, what's a share chat forum for?
GLASH
I told you Food has lost his mind.
Sell sell sell you moaners sell.
Why are you still here?
Did you borrow money and exorbitant interest rates to invest in Polymetal? And now the maths is not working out?
The uncontrolled rage š¤£š¤£š¤£š¤£.
Just sell up and get a second job.š¤”
I can't remember that, but as you're the clever one, I'll defer to your mental prowess.
So as you've said nothing to the contrary I will assume that you agree with the Ā£7.6 approximate valuation. (Whatever the number it's always good to have other opinions in my view). Others can make their own minds up as to the reasonableness of that offer in the present circumstances.
My personal view is not really relevant as Iām in at a substantially lower price than it is now, so my motivations, concerns and timescales may differ to others.
As allways..
GLASH.
You thought Alexander Nesis who doldrums his shares was his brother Vitaly Nesis. Your lying its in your post history lol.
"You thought A Nesis was V NESIS . There are 473 million shares in issue. The rest are in treasury waiting to be extinguished. For God sake research the company"
Not sure who you are being such an ass to, (I never though A was V) but that's your way. Re the different number of shares, I just added the 47M non voting shares on to the already totaled number. Silly me!
Taking that into account the 8.7% difference ups the price to nearer Ā£7.60
more bull****
intragroup debt of $1.151b arose from the debt pushdown from the topco (holding company level) to subsidiary level (poly r). as of today poly intl owes poly r the said amount, while poly r owes the external creditors $2.2b. for the avoidance of doubt: itās not on top of $2.2b, itās part of $2.2b. the reason why igd isnāt reported is because ifrs uses consolidation basis for reporting. it only records the aggregate number of external liabilities, which is ~$2.4b (~2.2b in ru and ~0.2b in kz) in our case. if we were to publish standalone kz business accounts ā only then igd would have been visible. on consolidated basis we reported $170m of debt to external parties, because thatās how much poly k owed and still owes to the creditors. poly k and poly r were never split in the accounting sense, because thereās no basis for it. assets are still under one roof: poly int. following the designation in may 23 we continued to report consolidated numbers, because thatās what ifrs requires. we added some of the reporting lines for kz and ru for the benefit of investors to see what the country breakdown is along different lines of the i/s and b/s but the basis for reporting remained consolidated.
while i understand that stated $3.7b ev of poly r is confusing, if seen from the pov of the seller (not the buyer) the igd of poly k to poly r is real, and must be extinguished. thatās why the buyer will upstream $1.479b from poly r to poly k, with poly k returning $1.151b to settle igd to poly r and keeping the balance as cash proceeds from the sale. the difference in numbers is tax.
Sell up sell up moaners.
Sell up and go have a lie down.
š¤£š¤£
IanW from POLYLONDON telegram group latest Hitler rant.
He's definitely Investors Relations under disguise the pillock. What a plonker.
OK, so I have just caught up with the antics of today's posts and whilst I expected there to be plenty of "opinion" I am dismayed by the amount of utter rubbish that has been written on this board today. Unqualified opinion, no evidence to back up statements, assumptions galore and even misinformation which only has the effect of confusing people and destabilising their own convictions. If this continues I shall start banning people. We do not need it here, we have never accepted it here, and I for one will not accept it. So those of you who may like to stir things up with inflammatory, ill-researched and highly opinionated non-factual posts you have been warned. I am truly sorry for the heavy handed approach but I feel it is necessary to bring us all back down to earth, calm things down a little and back to the facts and reality of our position. Thank you for your time and for complying with the rules of the board. .
Who ate you.
You thought A Nesis was V NESIS . There are 473 million shares in issue. The rest are in treasury waiting to be extinguished. For God sake research the company