Member Info for big-blue

you think the dollar has just been weaponised? It has been used by all sides as a weapon since the 60s.

Yuan reserve is weaponised by default before anybody recognises it. We'll see how many countries use the Yuan as their reference. Most notes in circulation are forgeries in China, I found a few myself last time I was over there. I can't wait to see the lorry loads of notes being shipped to China from Africa or Asia in return for a few iron girders.

Again, the Euro failed to establish as an alternative to the dollar and is backed up was some of the biggest economies in world. The Yuan is not going to simply become an alternative currency ahead if Sterling or the Euro so easily. Most countries trying to coerce favourable arrangements out of and within BRICS will appear to underwrite the Yuan, but will be keeping a foot in dollars too. Otherwise WHEN China starts playing sanctions all these Yuan based countries will be able to circumnavigate thr sanctions. You eatch and see.

https://en.m.wikipedia.org/wiki/French_support_for_Iraq_during_the_Iran%E2%80%93Iraq_War

Now you are showing a remarkable black spot in knowledge of historical regime alignment. By the time the final ultimatum was being presented at the UN before the 2nd gulf war, France sought to protect its intetests in Iraq oil, business, access, supply, consultancy and so on, by declaring it would veto ALL resolutions. The western coalition was therefore split and SH could retrieve his WMD from the burial site in Syria and threaten a divided west. That's why the second gulf war went ahead without a mandate, hence charge of illegal war, nd a smaller coalition than the first one. It was France's Vichy MKII regime.

But it doesn't stop muppets believing all the world's ills are only down to some weird imperial global ambition of the US.

This nativity is making me laugh so much, my sides are hurting. Astonishing. Jyst astonishing.

"Saddam Hussein refused to trade oil for dollars and adopted the euro instead."

Euros? Rotflmfao. You must be off your face. Any euro trades in oil were because of France abd the extensive oil interests France had in Iraq. The US had nothing to do with it. France and Europe were trying to set themselves up as the counter balance to the US, a rather embarrassing episode as it turned out. It's why Europe quietly aligned with Russia post cold war. If Europe failed to establish the Euro as a new reserve currency, Russia has no chance and China is hardly the security gurantee countries and their regimes want.

This is getting funnier by the post. There is a staggeringly twisted narrative out there. Next you'll be saying the UK is quietly playing countries off against each other to restore the empire!

Shhhhhhhhhhhh.............

Some of you need to

Conspiracy theory galore. You probably think Gdaffy duck was killed by a mob of cia agents too. Israel and Palestine were the security issues that pulled the Arab world apart. And the sanctions for al those countries were from the UN and applied by a wide range of governments. Classic trick of the anti capitalist anti west anti freedom groups, pass off any action the US participated in as a US only action, typically based on an anti arab policy and just totally ignore the global coalitions, application of due process through the UN and security concerns of statea under constant terrorist attack.

You talk some rubbish conspiracy theories. Ghadfi screwee up Libya many years before the Arab spring and had to introduce a bartering system.

Your whacky theories are an interesting insight into the wishful thinking and twisted world in the heads of the propagandists. There isn't any intention to remove or crash the dollar. The aim is to have a counter weight against a perceived misuse of the dollar system. The perception is based on how the likes of Russia or China would behave if they had such leverage and a belief the US must have the same atitude. The Yuan reserve will be tied to an autocratic and extremely corrupt system that will fail to be "a world policemen" and states tempted to align will find no security gurantees and gravitate back to who offers them the best security.

You think everybody hates the US by default. Doesn't work like that. How much Russian or Chinese culture do you see other nations striding to emulate? Exactly. And what angers Russia most, in rages of blind jealousy? People don't want to break into Russia to make a new life, quite the opposite.

The hypocrisy is jaw dropping. Everyone went ballistic if the war was mentioned last year. Now listen yourselves. Of course, then, the real problem was pointing of some truths and realities about the situation. But as long as you are all free to parrot the Russian propaganda lines now then you think it is just fine.

But, my gawd, you lot couldn't be further from the real world. Its actually quite sickening to hear Russia being portrayed in such innocence and how it's the other side that made the invasion happen and made the Russian murder children and women and families in basements terrified of the rape and torture to come should they survive the Russian bombs. You think now Russia is taking on the whole of nato and winning! Russia is taking on a few borrowed weapons, we haven't even handed over a hand full of tanks yet. And yet Russia still has to keep threatening to nuke it's own shadow.

Remember, all that Stalingrad hero stuff? That was because the Russians were on their own turf defending themselves against an invading attacker. And that is why there is only one way out for Russia - the same defeat as for the Nazis. The parallels are striking. And that will include the war crime trials to come.

Personally I now hope Russia succeeds in dragging nato in to a full-on war. That way the west can take out and occupy Russia and prevent this kind of psychotic war against peace from occurring again. I'll give it three weeks to take out Russia, all kit all weapons all aircraft bombing the crap out of the clown army. You people really don't have a clue what you're talking about.

"our company could easily rebound if this peace was to come to pass and become one of the greatest bounce back stocks in ftse 100 history"

Still a couple of people around with no concept of what situation this company is in. It is self delusional to believe the company is going to 'rebound'. There has been a monumental shift in the geopolitical world and companies like POLY that used to straddle the divide between Russia and the west money markets can no longer do that. There is a deliberate policy to recreate a multi polar world. A corporation is going to be in one of those poles, not both, with very few exceptions. The geographical location of the assets dictates which one and the recent domicile intention and exchange choice shows the company knows where it is going.

If people want to try and profit from this company into the future it has to be on the basis that there is no longer going to be a presence on western markets or registration in western territories. Also that there will be significant obstacles erected between the new multi polar regions like with the cold war and movement of funds may be very problematic. The pre Ukraine war world has now gone and it isn't coming back.

To pass the vote for the split requires 75%. ICT has 23.9% ICT will cast one way or another depending on how ICT chooses to cast the vote. So, if ICT votes against and only 1.2% others vote against the split, the motion to split is defeated. So how is ICT expected to vote?

In my view there has been a policy of stringing the market along saying there would be a split but never intending to go through with it. Initially this may have been out of misguided patriotism believing Russia would wrap up the war quickly, and the west would swiftly return to business as usual basically along Russia's point of view.

Now we don't hear any propaganda voices trying to sell that line. Instead it talk of a split has been pushed further and further down the road as the reality of Russia's position as toxic into the future is realised. Now, instead of a split, the manoeuvring indicates more of an organised withdrawal from western stock markets to 'the east'. Share swaps, 75% thresholds, unobtainable GDR talk (you need a bank to support it) and culminating in plain speak at the January presentation. And I suspect even if a GDR was set up, I think it would only be a temporary arrangement designed to allow loyal Russians and sympathiser holders in the west to make arrangements to move their stock to the new exchange in KZ.

I think it would be better for all if the board came clean and simply declared the intention is now to move off western listings altogether in order to avoid splitting the company up. It can be correctly described as a developed policy based on extending circumstances rather than originally misleading the market and I think many would accept that. This would allow people to make a clean beak easier or develop a long term investment strategy knowing what the ultimate policy is with their broker and/or independent financial advisor.

Right now the best policy from the board will be open honest declarations of intent. If they do not want or intend to split the company, say so. If they [now] only see long term market stability attainable by withdrawing from western stock markets entirely, say so.

Perhaps this should read.
"If you can't make the distinction between an individual holding shares compared to having an interest in a company holding shares then you have no hope"

I knew what I meant first time round and that's the important bit lol

Extension of the swap scheme, not just by a few weeks, made me raise an eyebrow. And now the redom bombshell and potential timescal, compare to the swap timetable and we have fertile grounds for conspiracy theories. Lovely.

so, poly, is that 21% due to a frozen in time issue thanks to sanctions stopping free exchange between the exchanges? Do you have a link confirming the %?

Might make for some interesting deeper analysis in the light of the road map, domicile, end if western listings, THEN split!!!

mmmmmmmm

No matter how you want to twist words, I am still not the subject matter of this board. And ICT own the shares, not Nesis and I don't know who has the controlling intetest in ICT. Distinguishing between who or which entity owns a share is year dot basics. If you can't make the distinction between and individual compared to an intetest in a company holding an interest then you have no hope in understanding the shareholder balance and how the company will be governed. I'll repeat, in the context of what poly said, the extent of interest Nesis has in ICT is irrelvant. And I have no idea what his holding is or how ICT shares will be cast when there is a ballot.

Where did you find 21% of the total is sectioned off and listed separately on MOEX? I thought it was a cross-listing and the qouted valuation of the company was therefore the entire issue across all exchanges, total shares multiplied by LSE price as LSE is the principal market. The company isn't valued as total shares minus some random chunk held on another exchange than multiplied by LSE price. So are you saying the single company has two different valuations, the LSE one and the MOEX one?

The 75.2% free float already excludes ICT Group. Whether Nesis owns one or all shares in ICT is not relevant. The implication from poly was Nesis had a separate holding with others of 127mill therefore the free float number should be lower than 356mill. It looked like he was double counting to qualify his statement of 'a lot less than 200 million' when in fact the website shows the number is 356mill - on 31st Dec 22.

https://www.polymetalinternational.com/en/investors-and-media/shareholder-centre/shareholder-structure/?type=2022

The last breakdown is here. It says management and directors 0.9% which is 4,262,636 between them.

Maybe somebody who has access to a company's insider can ask for a total voting rights update - see if the treasury figure has increased. To be published openly for all to see of course!

I have wondered out loud before whether the sp is being propped up. Is that what you asking Poly?

Free float was of 31/12/22 was 75.2% of 473,626,239
or 356,166,931 shares, of which BR have about 7% at the last count, as I seem to remember.

As of 30th Dec 22
"As at 30 December 2022, Polymetal International plc's (“Polymetal” or the “Company”) issued share capital comprised 512,697,077 Ordinary Shares of no par value. The Company holds 39,070,838 Ordinary Shares in treasury, which do not enjoy any voting or economic rights. Therefore, the total number of voting rights in the Company is 473,626,239."

So 39million in treasury at the moment.

If I could get 60,000 shares for only £2.51, I would consider the risk worth it. However, sadly, I was quoted considerably more than £2.51 for 60,000 shares. I must have missed the moment.

Some you win, some you lose.