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How is the 242 buy down if he can sell for more at 244.80, which he obviously won't because he isn't a panicky noob called Carly.

Back of a *** paper numbers, I think that dilutes Argo to c20% of Pluto worth about £9.5m at current valuation (6p per share). Although that is illiquid and may not be easily achieved. Will check that again tomorrow, it's a bit late now so I might have got that wrong.

Does Argo still own 25% of Pluto?

https://presentations.investormeetcompany.com/investor-meet-company/POLYMETAL-INTERNATIONAL-PLC-Investor-Presentation-518d22e1de041d65bcf4ecdc?bmid=f3c12a7446fb

36mins "This will pass"

Good job NATO didn't jump into WW3 last night then as Zelensky was trying to start.

"Argo is continuing to engage in financing discussions, as announced on 31 October 2022, and will update investors in due course."

I don't read that as positive I read that as "we are desperate for cash and have absolutely no idea where we can get it from"

The smart money is pricing the loan notes at a point where they don't think argo will pay the next 3 quarters coupons.

Honestly blue index funds are not designed to steal your 1% dividend from a company which makes up 0.25% of an index. I promise.

You've completely lost me now blue.

If a stock drops out of the FTSE 100 due to market cap, the weighting would be so small that any performance impact would be barely noticeable.

"There are numerous ways for transferring money from the pi to the iis. Elementary pure index tracker funds is one of them"
This is one of the craziest things I've read on here, which takes some doing.

Has there ever been any update, I haven't seen any since the initial announcement.
Besides they were using a portion of the HODL for something and there's no HODL left.

Whatever you are describing there doesn't sound like an index tracker to me blue.

Trackers don't follow shares, they follow an index (which is made up of shares) Eg FTSE 100, 250, all share etc. Poly will have been sold from the many tracker funds built around the FTSE Indices by default.

Not sure I understand what you mean blue.

A tracker is designed to track the performance of an index, if Poly isn't a constituent of said index then the fund won't hold it, else performance will skew and the fund isn't meeting it's objective.

Poly has been removed from FTSE indices, so any tracker fund that used to hold Poly are now prevented from buying and were forced to sell.

Although not necessarily prevented from buying, any other institution will consider the negative PR from profiting from a 'Russian' company, although I'm sure that some are holding beneath reporting thresholds.

As soon as the negative association with Russia is removed and this is added back to FTSE indices, then we'll see some juicy trading.

Should be an easier hold over the next 6 months for these things to happen and divis reinstated than it has been at times since March, ie threat of suspension etc.

Management doing an excellent job here in unprecedented circumstances.

Unrelated, anyone else find this site getting worse for ads on a phone?

No mention of the placing price in the RNS and the SP probably wouldn't have dropped either. As soon as it was the market viewed that as a fair value and the placee no longer got their discount.

Re the NASDAQ $1 rule, that seemed to be a whole lot of nothing to me, in the immediate term at least. A warning letter that they have 6 months to resolve and then possibly another 6 months after.
Argo will either have secured their future before that, and the SP will have recovered or they'll be gone.

Still cheap as chips here, this will absolutely fly once it's allowed to trade properly.
Not too late to get your imaginary £2k back Carltt.

F.ck it I'm giving him a like on that nonsensical post. Happy Friday sir, enjoy.

17 about to be tested?

Baffled how this is up today.

My concern on miners in the longer term is what they do in terms of BTC sales, they can't just HODL forever, can they?

How will they decide how much to sell and at what point? BTC all time high this bull run but realistically there is a very narrow window for miners to capitalise on that.

Will investors that have been burnt during this bull run pile back in or steer clear and so will that keep miners prices lower? Greed will kick in at some point I guess.

BTC and miners will always be a gamble in the current regulatory environment, for me. If your investment can be down 80% in a year and you never know how much it's going to be worth then who wants a part of that?

Will be interesting to see how miners will fare longer term, I'd be surprised if we see the same rises as in this run, but who knows.

Anyone have thoughts?

120% yield on the loan notes, no-one wants those either though :'(

They may not be allowed to until Q3 results are published, but even then I wouldn't hold my breath.