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I think we will see some people reassess their risk appetite today and would be very surprised with a blue finish.

Not even sure that you know what points you are making Blue, let alone anyone else. Just relentless nonsense with a holier than thou tone. It is incredibly tiresome.
Sorry won't engage the troll anymore.

Blue talking garbage again I see.
It's really weird the amount of time you spend here considering you are no longer invested. You should find a hobby, it can't be healthy for you dude.

https://m.miningweekly.com/article/polymetal-negotiates-to-keep-london-listing-as-gdrs-2023-02-09

Bit of an overreaction here in my opinion. Long term I think this is the best thing for Argo.

Replace Argo with Galaxy.

Not sure whether he was let done by others or himself but I think this is ultimately the correct decision.

Here is a theory, large cash flow into an ETF which has Argo as a constituent of the Index that it tracks and they need to buy, regardless of whether they think it's a good time or a good price.

07-Feb-23 16:08:30 250.00 40,000 Buy* 100.00k

Any more to come I wonder?

Why would you need a price alert Blue, you're here 24 hours a day.

But but but ESG something. Wah wah wah.

Auction?

Date Time Trade Prc Volume Buy/Sell Value
01-Feb-23 09:00:34 237.00 100,000 Buy* 237.00k

Blackrock is mentioned about 58 mins.
BR have disclosed a 10% holding but Bloomberg is only showing a 7.4% holding - Nesis.

Not sure what that means?

"Blackrock own 10% of the company here."

One thing that I noted, Blackrock have reduced their holding to about 7.5%

I couldn't get my head around the debt so asked IR for a breakdown of the reduction.
"Are you able to provide an estimated breakdown of the $400m reduction please? Ie how much was inventory sold and how much is reversal of the $355m debt increase in H1."

Response
"?$250 is forex move
Balance is inventory release"

Which suggests it's taking longer to release the inventory than expected, however that suggests also that there is an additional c$250m of inventory still to come off the debt

Big blue - in H2 update and included in the 2.8b debt, $355m of that was due to Forex, rub/USD, from end June the rates have somewhat gone back to 31/12/21 levels. So this should have reversed and isn't mentioned in the update.

I said it earlier but worth repeating, they only mention reduction of debt from inventory sales, not the reversal of Forex. It would be good to get that clarified in the update later and an estimated debt level at 31/12/22 - hopefully c$2.1b

$2.4b debt doesn't seem to include any reduction for reversal of FX, so more likely$2.1b for final accounts, any thoughts?

It's not about the dividend being announced today, it's about finding out if the business is able to support resuming dividends, financially and to all (enough) shareholders.

I posted similar the other day.
I'd hope at least $300m of the $355m FX impact would have reversed, possibly more.
In addition $500m debt reduction from inventory sales, which Maxim suggested was possible in H2 update (at a time of less favourable gold prices), optimistic me hopes that debt would be $2b-$2.1b, dare I whisper it perhaps even under $2b.