Member Info for big-blue

Kneel before me and beg for my forgiveness.

You deliberately do not post the number of abstentions nor do you compare the vote to other resolutions voting pattern.

I'll take that as capitulation then - you see just how ridiculous your Rubles underwritten by Rubles economic system is and only have nastiness and insult to reply with. Now directly apologies to me.

A transaction Rubles, underwritten in, err, Rubles.

Spend the bank holiday thinking about that and then come back on Tuesday and explain to us all how that works and why nobody does it now.

Then explain to us all how the Ruble denominated system is going to work given the £ euro exchange rate mechanism failed.

If only a system of printing money to back up printed money ad infintum did work in the real world, we'd all be billionaires able to afford hundred million pound loafs of bread!

"The transaction will be under written in rupees or rubles... You thick cant"

You cleanly have no knowledge of the way these things work. Transactions in two different currencies are relative to the differential value of those two currencies - based on a reference. You can not do it any other way. All currencies have a relative value and either gold or the US$ is typically the reference point. Even oil is valued in $ first. Since the market price for gold is too volatile, and currently under cut by Russia, it would be an unreliable measure. The textile merchant in India is probably on 30 days payment terms and the actual amount of Rupees converted from Rubles received on settlement will change according to the exchange rate. If they are on 90 day terms, it can vary much more if gold is the reference point to value the differential. There is always fluctuations, but the new system maybe highly volatile and too much of a risk. It is why the dollar established itself as the reference currency as reliable and used by everybody To persuade the Indian textile trader to accept a Ruble payment which they convert to Rupees without using the dollar as the reference currency setting the exchange rate, and not chancing gold price volatility, and absolutely not using bitcoins, the Indian government will have to underwrite the transaction to protect the textile trader against sudden movements in the exchange rate because the dollar is not being referenced. What is the trader familiar with and trusts and knows? What does the Indian government exchange globally and has reserves of? The dollar (yes there are other reserves for local transactions such as sterling and euros). Hence, the Indian government will inevitably have to guarantee to cover any loss due to ruble/rupee exchange crash with dollar backed security. It will be the traders insurance policy. The Indian government will have to demonstrate it has this security otherwise the dollar backed exchange system will devalue the Rupee and a cascade effect could follow where the Rupee is worthless trading with non-BRIC currencies. There is a reason none of these schemes has ever succeeded over the years, why the bilateral agreements on exchange rate mechanisms soon end (UK tried this with the folly with the Euro remember when Europe tried to bump out the dollar!!!) and why the gold standard has never managed to gain a foot hold in the 'modern' world financial system. If the exchange rate mechanism between sterling and the euro failed, what chance has the ruble rupee got. The speculators will inevitably take the system down or all the BRICS will have to do what the EU countries did and that is ditch their national currencies and have their economic policies 'converged' under a central economic policy and new bank. I can say with absolute certainty the BRICS countries will not submit to Moscow and surrender their sovereignty to a central Moscow control.

Countries and trading blocks always come up with these amazing schemes. One problem. You've got to get the actual businesses to trade in those currencies. You've got to get the Indian textile manufacturer to accept Roubles for the goods.
And how do the governments do that? Yep, you guessed it, they underwrite the transaction in dollars!!!!!!

clarifying what? Spell it out. You use big mighty statements with no actual context. Explain precisely what us 'clarified'. I have no 'emotional response' as you put it. Fact and reality, and perception thereof is the fundemetal from which I derive a strategum. In fact, you would be better describing my emotions as cold and hard so based in real fact as to be bordering on being a human algorithm.

My investment here was originally based on the incorrect belief that a degree of common sense and realism would govern the policy in the Kremlin. Despite reported horrors I was still hoping that by the 9th May notable date, the Russians would try for a face saving exit point. But it wasn't to be.

And so my 'want' for the course of the business is for POLY board to now recognize the brutality of the Russian action cannot be dismissed, recognize why that makes holding Russian assets no longer tenable, and act on their original and immediate pronouncement to dispose and split. Originally I wasn't a supporter of the split strategy, but as the murderous horror of Putin's folly has unfolded, I seek to preserve what gain I can by hoping the split will happen very soon and POLY on LSE will be free to price based on non-Russian assets. What the Russians do with their own assets within Russia is of no concern to me. If Oligarchs want to fund private armies to protect their turf and either stand with or against Putin and shot each other to death in a civil war, that's their problem. I want my investment OUT of the mafia cesspit and set in a split business with no Russian assets. I will then cash in as the non Russian business value increases rapidly and surpasses 460. It is very simple.

WMDs actually existed and were used against Iranians and Kurds and his own people. Then SM threatened openly worldwide terrorism using them. But of course, you are an apologist for the truly vile, so you would of course conveniently forget the little details. And where are your UN mandates sanctioning Russian aggression? No where to be seen of course. The West's military campaigns are reactive, to major events and threats that have been presented in real visible deaths. Not fanciful notions based on self deluding propaganda.

To understand why POLY must split by whatever meana as a matter of urgency one must look at the filth and dirt of the Russian state terrorist action as it has become. Not understanding the extent of damage to the business by not understanding the gravity of the horror released entirely by Russia on a quite, friendly peace loving country as Ukraine, is to not have a grip on reality.

spoken like a well trained Kremlin lackey pip. In this instance the assets in the aggressor country have turned toxic as a 'special military operation' turned into an ongoing child murdering act of state terrorism. The country is called RUSSIA. Like the Germans had to carry the mark of the Nazis for generations after WWII, Russians will have to carry the mark of Putin for a longtime into the future. That is the real world. Where is this media narrative then? Are you denying the actual events in Ukraine? Are you gong to be one of those holocaust deniers over Russian child murders? You are trying to defend the un-defensible and frankly it is disusing and repulsive to see. If you don't already, go and exclusively live out the rest of your miserable existence in Russia with your fellow deniers. You'll be in good company in Moscow with the rest of the gutless little sh.ips turning a blind eye.

"They need to play the long game."

Still holding on to this delusion that current events are some short lived mishap that will be quickly swept under the carpet and in a couple of months the war and its consequences will be some distant memory...........................

I really feel so sorry for you. You have an awful truth to accept and it isn't going to sit well in your mind. Russia is toxic, all over the planet irrespective of what any national government thinks. You will see in the next RNS, things are certainly not going as smoothly as some of you delude yourselves into thinking. There is no ace card with gas or oil to force Europe, Ukraine, US or anybody else to bow to Putin. Russia is slowly being dismantled brick by brick and your new best buddies in China are doing nothing to help. They will be just as happy as everybody else to see the world's 'problem' country sink and drown.

Why the hell do you think so many businesses are fleeing the country, breaking contracts or just avoiding it entirely? Some of you are just utterly blind to truth, fact and reality.

"All of the gold previously stored is now being sold which will provide a welcome uplift in the numbers for Q3/4, and regardless of the (small) discounts being applied, POLY is receiving more for the gold they are selling than it cost them to get it out of the ground so profit is profit."

For somebody who professes that people can not know anything looking forward, that was an exceptional hypocritical statement.

I would caution against expecting the inventory to have been sold off, I suspect the update will refer to that as an on going process. And I also expect
operational obstacles to further dampen down any profit. The world has been turned upside down and irrespective of government diplomatic positions and sanctions, a substantial part of the business is based in Russia which makes trading, business and operations complicated - and expensive. Put the rose tinted specs away and keep it real.

And I wouldn't give the board such a glowing reference. The splitting of the assets along lines of jurisdiction is starting to drag on whilst all around more and more companies are splitting and leaving. The prevarication will start to do more and more damage to the companies reputation as it will appear that they want to keep the association with Russia and everything that is toxic with that. And that is why complications and less than expected results in the next statement should start to ring the alarm bells to speed up the split and get the hell out of Russia before the business world shuns and cold shoulders POLY. Time for wishful thinking to end and real world business realities to be accepted.

anything would effect Russian investors, "Putin wouldn't want to scupper his own economy/citizens any further. He's fighting for his own team against those trying to crush his."

Putin, the same one throwing thousands of his soldiers to death in a useless war whilst carpet bombing the citizens he is supposed to be liberating. Is it the same?

You come out with some crap at times...

"BB, where are you? I, for one, miss your input here!

I'm trying to play this silly video game, it is impossible to shoot anybody!

A disturbing lack of automatic trades!

Exactly how do I 'talk'down' the share? Posting real world information and realistic analysis does not make a deramper!

"he UK will (for reasons we all understand) and is going through the same upheaval in customer base."

??????? so what customer 'base' are up-heaving then? I think history will judge the UK as having been supporting the right side on this one. If customers would rather we supported Russia, then are they the kind of customers we want to be associated with? And that is exactly what the future will be like dealing with companies with Russian assets.

:)

I think the 'polar vortex' was used in a slang sense for an extreme weather event rather than as a meteorological description. The polar vortex creates the ozone depletion every year during the polar winter - there never was any ozone hole caused by CFCs or man. As a big a lie as climate change. The only risk using 'polar vortex' as slang is it gets people asking whatever happened to the ozone hole and the truth about the mass lie is exposed, from which yet more people ask about the truth over climate crisis claims and why the BBC or other media are not reporting some significant petitions by large numbers of very highly qualified and distinguished academics calling for the lies to stop!

"Putin has lost his gas war. Today’s crazy prices are caused by a global scramble to lock up supplies of LNG from Qatar, the US, and Australia before winter. East Asia and Europe are in a bidding war. Once the panic subsides, gas prices will fall, and perhaps faster than almost anybody imagines today.

German storage is 80%, ahead of seasonal norms, and ahead of target. Germany has cut gas demand by 14%. Its industry is learning to live with a lot less of it. Europe is a mixed bag but unless there is a polar vortex, it will muddle through this winter.

The world does not need Putin’s gas as much as we all thought, and he presumed. With a nip in Japan and Korea, a tuck in China and India, and three notches of the belt in Europe, the gas market is coming back into fundamental balance. Even if he cuts off all flows in October to try to force a settlement on his terms, it will not change much. The worst is already ‘in the price’.

Besides, Vladimir has taught us not to waste gas, nor to rely so heavily on weaponised hydrocarbons. He has shot his golden goose."

There is no ace card so those wishing Europe and the west will be brought to their knees and roll over at Putin's command leading to some magic restoration in POLY fortunes as if nothing happened and the business stayes as one re seriously deluded.

https://www.stuff.co.nz/world/europe/300669468/after-six-months-of-war-in-ukraine-heres-what-could-come-next

Nooooooooooooo Pips, don't worry your pretty little head about our fortunes. You exit stage left with a bow and keep walking. Bye chuck!