RE: Q3 production results on Wednesday28 Oct 2022 10:57
"Any assets that produce $2 billion per year in revenue are not toxic and assets that help the Kazakh mines to be more profitable are again not toxic"
The value of an asset or profit generated is irrelevant to the toxic regime as well you know. That was a particularly devious post, even for you.
Why do people not invest in highly profitable ventures? It often has something to do with the regime they are connected to and the jurisdiction. A regime that knowingly bombards civilians repeatedly including targeting children over and over in a deliberate strategy can hardly be regarded as non toxic. You can not conveniently just pretend the assets are in isolation to the regime. It does not matter how much innocence is protested, the assets inside Russia are associated with Russia which has been proven to be a brutal terrorist child murdering regime. If only it was as simple as claiming a disconnect simply because an asset made money - the investment community, insurers, financiers, sovereign funds and indeed politicians would be all over doing business with the world's most despicable people and their regimes.
As much as some of you would wish POLY can be somehow magically disconnected from the vile actions of its host, in the real world, as demonstrated by the still ongoing exit of major corporations (many more to follow), that disconnect is not happening with the business communities that matter. If such a disconnect was possible, nobody would have left and Big Macs would still be being served in Moscow. If the association with Russia is maintained, the II investment community will continue with POLY as it has done since March, too toxic to trade, to toxic to even hold a residual for hedging.