Member Info for big-blue

"I believe Putin attending G20 in November in Indonesia might bring a positive development by then"

or alternatively his presence there ends up with all out war between nato and Russia (at last). We can then get on and finish off the 'problem' and get the world back to some sort of relevant peace. Sooner we get Russia under occupation, the sooner markets can get back to post covid growth.

As far as I understand it, POG was caught out because it couldn't make the bank transfer due to sanctions for debt payment and therefore defaulted and had to be declared bankrupt as the main creditor refused extensions on payments as it became clear sanctions would likely last years now, even though there was sufficient cash in Russia. The main creditor has then moved in on the spoils of the bankruptcy. mmmmm..... nothing fishy there!

As POLY has money outside Russia, it is less likely debt payments cannot be met, although only using available non-Russian cash will be a significant strain to cover all debt payments, and it is more likely POLY will be given time to restructure (split) as the KZ POLY will be able to pay its way.

Importantly, and this goes back to the first RNS on the split, everything will have to be split along jurisdiction lines otherwise POLY RU will not be able to pay non Russian debts like POG and end up going under. So as well as the allocation of assets along geographic location, POLY debts may have to be assigned according to where the debt was taken. Whether that loads POLY KZ or POLY RU with a higher proportion of debt I don't know. If there is an imbalance, and I suspect POLY KZ may end up carrying the larger part of debt, this may be offset with a more generous buyout of POLY RU assets.

Overall POLY is better protected than POG was in entering into bankruptcy.

No morning RNS, so pure speculation on why the MOEX lept a rung or two yesterday.

remember pips, there is restricted trading on LSE so if there is a rumour those on LSE can't respond. What could be interesting is if there is an offer on the table leaving the LSE listing not holding any Russian assets, will the retail brokers allow buying again, and how soon. If the re rate is coming, it might by a double spiker or a 'boob job' on the graph. Careful where you put the candles.

3.94% at 16:35:24

Try investing.com app for phone JAB, gives live prices.

On investing.com showing up 12%. Suspect news of an offer for Russian assets on the table.

"We are almost October / Winter coming !"

Actually we haven't even made it to the middle of August yet, let alone October with Autumn!! You're a little ahead of yourself.

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Any statements purportedly provided on behalf of a company is deliberate misrepresentation.

Find out more

https://www.thenewatlantis.com/publications/unsustainable-alarmism?mc_cid=1d2f7ff2d1&mc_eid=177c4f2d97

Some light reading on a slow news day.

https://www.indianarrative.com/world-news/the-rise-of-king-coal-from-the-pits-as-energy-crisis-hits-europe-189087.html?mc_cid=1d2f7ff2d1&mc_eid=177c4f2d97

For those who still think Putin has a trump card with energy and therefore inevitably Europe will somehow force Zelenski to hand over Ukraine to Russia so sanctions suddenly end and the sp goes to a million quid!

It won't be happening. Zero carbon is being U turned, Putin has actually done the west a big favour seeing the zero covid pushed to one side to deal his energy problem. I like the swipe at the west from this Indian article. See if you can spot it.

chippy, aircraft construction is on my turf. Next time you can, check out the size of the dampers on any military aircraft landing gear. They are often huge compared to the aircraft size. They have to be to protect the airframe and wings during landing from shock. The strength of the aircraft is built in to the envelope, so as the envelope widens, often the speed drops maintaining the load under threshold, especially when carrying weapons and fuel tanks externally. The flight avionics stop pilots going outside the envelope based on loadout to stop the wings being ripped off or the engine twisting itself out the frame with the torque.

As for easy to repair, I think you are confusing WWII planes which had large areas of frame with nothing important to hit. A modern plane has variable geometry panels all over it that are moved by the flight computer for optimal aerodynamics and control the load. And also the metals and composites have to be very light with reduced radar profile. Carbon fibre is very strong in one weave direction, but you can twist it by hand in the other direction. And most Russian aircraft are poorly looked after so have their flight envelopes even more limited.

It was obvious from the blast in the video yesterday, it was a big one. I would estimate all aircraft will have at the very least shrapnel damage and none therefore serviceable, like all the cars. It doesn't take much to stop military aircraft flying, they are surprisingly very weak and flimsy compared to civilian certified aircraft. They fall apart outside their flight envelope.

So, same question as normal, the Russian generals knew what was coming but decided not to act. There will be more of these big hits, some by sabotage on the ground and within Russia, some by rockets according to use rules, the Crimea bridge will be next now the practice is over. When will the generals throw the towel in (assuming they find any alive to call it off lol)?

https://www.bbc.co.uk/news/world-asia-china-62322484

A blinder played by POLY? I think the reality was Chinas zero covid policy stopped sales into Asian markets which are possibly starting back up as covid lockdowns are lifted. I will not be surprised if the next update actually reports a much lower pace of offloading inventory due to ongoing covid lockdowns across asia. They haven't returned to full open free movement yet in some areas and logistic chains are knackered with massive backlogs in places.

Given the BBC and various main US outlets, nobody would ever claim there is anything truthful. And as for the output of the Soviet EU!!!!! Hell, look at the total suppression of open debate on climate change and zero carbon policy. I suspect the Kremlin looks on in envy at how such a total lockdown on information and routine broadcasts of outright lies can be accomplished without draconian laws. The key difference in the west is the very wide scope of sources we have access too compared to a spoon fed narrow band of information to Russians in Russia. But, I saw the fact that 1.2mill Russians were using VPN prewar, now it is over 24mill and rising. The problem with that though is a lot of Russians now what is being done in their name, but do not object or move on their leaders. Makes the population complicit and adds a further reason for POLY to get out of Russia.

Oh Carl, you are drawn in deeper and deeper as you seek qualification for your beliefs. The journey out on the other side is going to be a difficult one for you as the truths are revealed in the real world one by one.

I suspect you are one of those gifted POLY shares for, errr, 'services to the state' of Russian let's call it, and you were led to believe this would provide a good regular guaranteed income forever. Or maybe you were directed to buy POLY over the years with the ae guidance. Since your ultimate benefactor is Putin, you refuse to accept he is responsible for the loss of your income and value of your stock or that it will never recover to the promised riches of before. Instead you grapple around stringing together random bits of propaganda tring to construct an alternative reality.

The real world. The invasion has been a military failure. Ukraine is not surrendering and is in act hitting back. Russia has been sidelined as a pirah and toxic state or business. There has been an unprecedented exodus of private enterprise on top of draconian formal sanctions. Businesses like POLY are extremely vulnerable with assets in Russia and r therefore dumping them one way or another. If you are lucky, you will be left a sound non-Russian gold miner with good expansion prospects. You are going to have a significant drop in income. That is what happens in investment. Some you win, some you lose.

Next time a glorious leader guides your investments, learn the lesson and don't put all your eggs in one basket.

https://euromaidanpress.com/2022/08/10/russian-war-began-with-crimea-and-must-end-with-its-liberation-zelenskyy/

To all those wishing Ukraine would roll over and just give up, it isn't going to happen. Russia is going to have to move itself off Ukraine territory. There will be no end otherwise.

https://en.mehrnews.com/news/190037/Russian-MoD-confirms-attack-on-airfield-in-Crimea-VIDEO

see the video, that's a BIG bang!

"German Metafina GmbH issued a purchase offer for shares of Polymetal International plc.
"

Mine are available for £25 each. Take it or leave it.

OK, I'll go to £22. But that's it.

You Germans drive a hard bargain, done, £20 each!