Polymetal International Share Price (POLY)

in the FTSE 100 on Monday 23rd Sept, following confirmation of their inclusion. XD their 20c divd ps today, too, btw... sasa.

to pick up some of these, I'd say, ahead of their promotion to the FTSE 100 on Wednesday.

Rather surprised, in fact, that the sp hasn't already strengthened ahead of this event - sasa.

I think that's about right, Tiger - I'd expect nearer to the 10% hike in this climate; it's not the most liquid stock after all and they'll probably need to expand the mkt size in consequence - sasa.

I've read somewhere that the "automatic" element of FTSE 100 promotion (i.e. tracker funds needing to buy shares) is usually worth 5-10% on the share price in the 2-3 months after promotion. Sorry, I can't recall the source.
Add that to all the other factors supporting the gold price and suppressing sterling, and this is an appealing share to own right now.

Yep, Tiger, ' tis looking good for POLY to gain promotion to the premier index.

Given the present demand for gold currently, there should be increased interest in it to accompany FRES in there, quite apart from the Index funds needing to maintain their exposure to each constituent of the FTSE 100 - sasa.