Member Info for big-blue

I note the nuclear claims howler has been swept away by Russia. What a whopper that was. And done right in front of Xi. Humiliating your special guest in public. Just pack your old kit bags and slump back home. What a waste.

https://www.euronews.com/2023/03/24/wagner-boss-openly-defies-kremlin-ukraine-nazi-narrative

Propaganda only works as long as everybody stays on message. The actual real world truth always comes out. Oh, and don't think for a second the Chinese masters of puppet Russia ever bought the Nazi NATO war crap.

I don't have any in depth word through the channels about the XI Putin summit except XI took Putin for a song on various deals. There are significant disparities between the jingoistic Russian spin on the summit compared to a rather luke warm 'business-is-business' approach from the Chinese.

No need for 'talks', there is nothing to negotiate. Russian simply leaves Ukraine, war over. Anything else is a ransom note from Russian terrorists.

Bear in mind, who's next on the Russian hit list? In the not too distant future Russia will need a distraction from the Ukraine withdrawal with an easy feel good big victory elsewhere. Hence, redoming to the middle east would be sound.

"Tomorrow lucky day for POLY, gleen candle day"

Even with extreme micro analysis trying guess what deals have been done, it is still marked down.

I would guess those are actually transactions related to the share swap as shares are shuffled between accounts to either transfer to dealers who can manage KZ trades or account swaps pre-redom. Something of that order.

"Once again your lies have been proven to be lies. "

That's defamatory. What is this 'lie'? You keep lazily posting this day in, day out. How about you post your solicitor's contact details so you can served and test out your claim in court.

You don't have any explanation here, just the poo flinging.

Come on, what is the 'lie'. I'm sure the moderators would also like to know since you keep harassing them with your claim but never spell it out.

Maturing debt. That means corporate bond payments with fixed rates. That is only covered thanks to no dividend.

Now what about other debt with variable rates. The loan account. What 'cash' is going to cover that? The repayments have increased yet again immediately whilst inflation remains very high and hence operating cash drains fast. Income has stalled, there is no mountain of product left to boost cash as the end of last year.

At some point, something is going to have to give.

"Net debt2, US$m 2,393 1,647 +45%

Net debt/Adjusted EBITDA 2.35 1.13 +109%"

Now matter how it is spun, that is not a manageable few %swing here and there. Yet another 1/2% on the US base rate will feed through as a minimum 1/2% additional debt cost. On a 2billion+ debt, that is enough to sink banks, big banks as recently seen.

It is wholly incorrect to claim there is a certainty that debt is serviced for 2023, let alone 2024. The dividends had to be dropped to survive 2022, what else can be dropped of equivalence size to survive 2023? The only thing is sale of assets and it has been declared there are negotiations.

Not garbage, not lies, not spin. FACTS IN THE REAL WORLD.

The last results, not 21 results ago, what would that be at 2 per year, 2013, 2014? You're living in a fantasy land of what was, not what is now in the REAL PRESENT world.
"“In 2022, the Company was subject to extraordinary and unprecedented external challenges. Despite these adverse circumstances, Polymetal managed to maintain operational stability and achieve excellent safety performance. Nonetheless, international sanctions against Russia have had a huge impact on domestic inflation, supply chains and sales channels. As a result, costs have risen and working capital requirements ballooned with cash flow plummeting. We start 2023 from a position of relative strength and expect the resumption of free cash flows and a reduction in net debt over the course of the coming year”, said Vitaly Nesis, Group CEO, commenting on the results."

"The Board has carefully evaluated the liquidity and solvency of the business in light of multiple external uncertainties. Taking into account the Group’s leverage (2.35x Net debt/EBITDA, materially above the level of 1.5x target leverage ratio and the significant level of uncertainty regarding external factors, the Board has decided not to propose any dividend for 2022 in order to allow the Group to maintain strategic and operating flexibility in a highly volatile and uncertain external environment. "

"All debt is covered for 2023 and likely 2024. Please stop posting your lies BB."

On what basis can you claim that? Income is down, costs 'ballooned' debt has increased, cashflow is a problem. Servicing the debt has just got more expensive.

The company last statement was unequivocal, the fiances are under stress and there has been asset sale interest openly declared.

Everything I say is 100% true.

" he got humiliated on many fronts, shown up ridiculed"

We all wait with baited breath for that to be qualified.

I've obviously hit the nail squarely on the head yet again.

What does the current action imply for the future? Geopolitically, any company holding assets in Russia will be further isolated. POLY has made a catastrophic strategic error attempting to stay as one entity and it may even be too late to split. Asset fire sale more like it as the cost of those bonds has just gone up another 1/2%. There have been clear warnings the company finances are under stress and vultures are already circling looking for cheap pickings.

The confusion arises in the blame game for some because Russia set the timeline to start when the former soviet states ran to NATO. The timeline actually starts when the Berlin wall comes down. Why did the east European states abandon the Warsaw Pact? What pushed them away from that? Why did they become so fearful they went west for protection even as far as joining NATO? Is Russia and it's behaviour so blameless? To answer the question, ask why has Finland suddenly applied to join NATO? What happened to all those security guarantees given to Ukraine by Russia?

It is a neat propaganda trick to begin the time line later rather than earlier, but it will not change the real world history that led to all those countries running to NATO for protection, and again just very recently, and Russia proving they were right to do so.

I think you'll find the US has wanted to stop being the world's policeman for a great deal longer and the west in general very happy for China to do the coughing up funding the third world. The west lost hundreds of billions trying to advance the third world, good luck to China getting it's small fraction of comparable aid given in infrastucture loans back.

You want to claim some great victory? Have it. The west has done trying to help the unfortunate. As ever, be carefull what you wish for.

"The board of directors need the right holders onside to be certain they'll get the vote through"

The threshold has been set at 75%, not 50%, and one holding company, ITC, has 23% and has been described as hostile to passing the split vote.

As from the start, the split idea is being sabotaged. This is ser up to be sabotaged. It's why the company is in the mess it now is and why it's getting worse. The split has been delayed too much and any prospect of a belated split is being sabotaged.

I'm surprised anybody still thinks there is gping to be any split.

Maybe not so neutral. Related to any leaks re round 11 of sanctions?

Nothing happening in response to Xi visit, POLY neutral, gold a smidge up. Markets pretty sanguine about the great new world order.

" and the EU in other words, those countries that are directly under the US sphere of influence, "

You see, when a prose like this appears, a nice little number play with population size rather than financial or military clout, and bearing in mind large parts of that population have little or no democratic say so counting them is rather irrelevant, hidden amongst the words there is always something that shows the author has no real idea what they are talking about and is essentially just spinning a yarn.

" and the EU in other words, those countries that are directly under the US sphere of influence, "

The EU is most definitely NOT under the US sphere of influence. The EU was more likely inclined to sign up to the new world order [with the Euro as the world reserve currency] than get in bed with the US - as the fuel supply deals and many other intertwining of EU and Russian institutions have shown. The EU was set up as a counterweight to the US. The EU is fiercely independent of the US. The EU was slowly pushing NATO out in order to replace it with an EU army which would certainly have ended up conducting joint exercises with Russia and even go as far as forming an EU/Russo pact.

The author clearly has no insight into EU politics and so the validity of the rest of the piece should be treated accordingly.

The error Putin made is huge and has resulted in a push back from Russian ties, put the EU closer to the US, re-established NATO, in fact EXPANDED NATO, brought back weapons to the borders and restarted arms production lines. The Russophiles within the EU have been seriously damaged.

Gold is spiked by the banking crisis. It'll be back below $1900 before the end of the week. Nobody is running to the Yuan as a safe place.

Not assumptions, verified by intelligence. Can't post links here unfortunately. It is why there is a very relaxed attitude to Russia and it's nuclear threats. If there was a real threat, British squaddies would already be taking selfies in Red Square whilst patrolling the streets.

If those delivery systems still worked, Russia would have access to thousands of launchers now which could carry a conventional warhead. The evidence is they are not being used because used for cruise missile attacks on Ukraine; they were never maintained and have multiple problems most beyond repair.

The new missiles don't yet have a nuclear warhead. The raids on the Ukraine nuclear power stations was to look for viable fissile material, especial plutonium, or try to make some. The claim was Ukraine had reconfigured the sites back to the former Soviet systems for weapons grade material production, but all intelligence indicators is that there was no weapons grade material nor any production line. It could be years before enough fissile material is gathered and re-purifies to make a war head for the so called hyper sonic system. At best Russia could put a low yield battlefield shell on the missile but there is no way to determine if the shell would go critical.

Things are not as they are made out to be with the Russian nuclear threat. The response of the west tells you how worried those briefed are!