Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Based on the information re Poly - also outlined in Oatey's post - the time came for me to sell my Poly stock, and, with a heavy heart, I did just that yesterday.
I had imagined great things for the future of the company on LSE, but the reality of this war having no end in sight; Putin's growing state of mind whereby he could do anything...including nationalisation; along with the possibility of having to find an alternative to my ISA wrapper...in Astana!...is just too much.
I have really enjoyed reading the posts of people here...both the good... and the bad !
I think many here should have listened to BB when he shone light on what could happen to Poly, but unfortunately his messages also included climate change issues which put a number of people off and so he was banned too often.
Thank you all
'You can hold Poly on AIX with your personal tax wrapper'.
Have you read this on the HMRC website or somewhere else?
I am wondering about being able to use the tax wrapper in AIX.
Also, normally one would have to sell from an ISA
in order to transfer the proceeds, then re-buy into some other account...possibly a new ISA
Has this been taken over by the shorters?
And they're back again!
I'm being asked for my phone number on the Halyk app, but +7 is already there, so, yes, it seems that a Kaz phone number is mandatory.
It's an HMRC approved exchange, so perhaps they can...
Russian gold market might be more attractive than global market in 2023 - Polymetal CEO
MOSCOW. Jan 26 (Interfax) - The Russian gold market might turn out to be more attractive in 2023 than international markets, the CEO of gold and silver miner Polymetal , Vitaly Nesis said.
"Actually, considering the latest changes in Russia, domestic sales look increasingly attractive. First of all, domestic demand for bars surged in the second half of last year after the elimination of the VAT on gold for retail investors. Retail sales of bars grew from 5 tonnes in the fourth quarter of 2021 to 45 tonnes in the fourth quarter of 2022. This crushed discounts on the domestic market compared to exports," Nesis said at his company's Investor Day.
Secondly, the new statutory structure of the National Welfare Fund (NWF) allows for investing up to 40% of funds in gold, he said.
Most of Polymetal's exports last year went to Asia. Polymetal CFO said in an interview with Interfax earlier that exports "turned out well" with the Middle East and India, and there were also shipments to East Asia, but a smaller share.
Sales have now slowed as usual, because refineries in Russia and Kazakhstan are doing scheduled inventories, and the company is reassessing its options in terms of sales channels, Nesis said.
"For now we're sitting quietly and will continue to for another few weeks in order to see what the dynamic will be on the domestic market. And it might turn out that the domestic market in 2023 will be considerably more attractive compared to international ones," Nesis said.
Polymetal, Russia's largest silver producer and one of the country's biggest gold miners, has operations in Magadan and Sverdlovsk regions, Khabarovsk Territory, Chukotka, Yakutia and Kazakhstan. Polymetal's largest shareholder is the ICT Group of Alexander Nesis and his partners with about 24%.
Thank you very much for doing this Westy; it's much appreciated.
Re BB...and the Financial Times ready and waiting with an accompanying article of deliverance!
Hahaha - a Borak little humour helps !
The Astana International Exchange (AIX) does not have arrangements in place that allow proxy voting for remote shareholders, but Nesis said Polymetal was working with AIX to make sure the infrastructure for this was put in place.
MOSCOW. Jan 25 (Interfax) - Switzerland imported 28.5 tonnes of gold worth 1.57 billion francs ($1.7 billion) from Russia in 2022, Swiss customs authorities said.
This is a 1.6-fold increase from 2021, though far from a historical record and in line with average shipments in 2015-2017.
Statistics show that in March and April 2022, gold imports from Russia to Switzerland completely stopped, but resumed in May and steadily continued through the end of the year.
Earlier, Chinese customs authorities reported that imports of gold from Russia to China amounted to 6.7 tonnes worth $387 million in 2022. This is also a 1.6-1.7-fold increase over 2021.
In 2021, about 80% of gold mined in Russia was exported through Great Britain, an important global hub for the circulation and storage of precious metals. In March 2022, the London Bullion Market Association suspended the status of Good Delivery for Russian refineries, and in the summer the UK imposed an embargo on gold supplies from Russia. According to British customs statistics, Russian gold after a break in March was still being supplied to the country in April and June, but in token amounts: 7 million pounds ($9 million) over a total of three months, compared with 550 million pounds ($677 million) in January and 1 billion pounds ($1.3 billion) in February. There have been no shipments since July.
The Russian Federal Customs Service stopped disclosing data on gold exports in February.
Massive Ray
You are the person who keeps attacking BB for posting information which you see as irrelevant!
You have about 20 posts here today. Apart from criticising BB, none of them add anything of financial interest to this board! So please stop behaving like an oaf!!
1. I don't think blue is invested here, just posts here for something to do?
2. "triangulation"
On the money!
3. Course *
4. Could be sooner than that roxy, POG permitting, and of end of war?
5. Agree with quibbles unfortunately.
6. Won't post here again...
7. OK.
8. Blue reminds me of trump, no social awareness.
9. You wish you had my expertise.
10. Might go on a skiing holiday a real one
11. No worries novice It takes years of practice. You just need more practice.
12. I agree with you novice, 3 year apprenticeship will help you to understand how the markets work.
13. I'm happy with what I have and waiting for 10 quid.
14. As I said previously throw your charts out the window with this one
15. Philip - butterfly exist in my tummy because I buy shares @ £1.20 and some silly poster say strong sell, but I just laugh in his face with very heavy pants full of cash.
16. Anyone else got butterflies?
Lolzzzz
17. Follow the rules blue and you can remain.
18. Will take a look ct. cheers
19. Once again blue, if you break the rules again you will be deleted
20. POG $1925
What hate exactly: You have to laugh, Echo !
This is a high-handed narcissist who enjoys filtering those he doesn't approve of...such as myself!
We mine less silver, Echo, as far as I know, but, every little helps :) I suppose
Silver is up nearly 35% in the past 4 months versus gold’s return of just under 10%
Metal could reach a March peak above $27/oz if it continues upward trajectory
Silver could also see explosive demand with China’s shift from zero-COVID policy
It bears the ignominious tag of being the poorer cousin to gold. Yet, silver has relatively outperformed the more lustrous
yellow metal over the past five months, gaining a net of almost 35% against gold’s return of just under 10%.
investing.com
Charts now show that silver, alternatively called the white metal, could reach March peaks of above $27 an ounce if it continues with its upward trajectory with the longer term goal of hitting the $30 highs last seen in February 2021.
Sadly the fighting continues...on both sides
Hahahahaha BB
I don't know about anyone else, but I would have been thoroughly disappointed if I had been left off the
Filtered list of ByeSellsReps, who seems to be both highhanded and very conceited.
So, from March onwards and upwards !
I am a little nervous of putting too much money into Poly as there is a risk. I lost some money in similar circumstances before. Everyone was soo convinced that Sirius would provide them with untold riches, and it certainly seemed to be a dead cert. But I have learned to stand back, as things can happen that are completely unexpected. However, I'm fairly confident here so don't be alarmed. LOL