Member Info for big-blue

Dunno, it is based on the access to corporate action notices and hence ability to particiate in a vote. This issue occurred recently when most retail investors did not get a corporate action notice on this policy ("On 22 September 2022, Polymetal announced its intention to conduct an offer to exchange certain eligible shares in consideration for certificated shares, subject to shareholder approval at this GM") and hence no vote.

By moving shares restricted in corporate action notices from within Russia to an environment where voting participation could be improved, but not working to improve participation for those on LSE, the suggestion that a future vote on the split is being rigged still stands. Yet more extensions to get yet more Russian votes out of the domicile and to a place they can be used, simply fuels this. If POLY was as concerned about all those who didn't receive a corporate notice action and a vote before then it wouldn't look suspicious.

As far as these answers as to why the very long extension just posted, it is extremely suspicious this simple explanation was not mentioned in the RNS. I also note the deflection question about the timing of a divvie decision being raised rather than a timing of a split vote. The divvie decision is not voted on, but the split will be. For me, more fuel on the fire.

The answers posted must be published either in an RNS or an edited publication via a press release. This is looking more like an issue for the FCA to look at with the inevitable 6 month share suspension. This is not Russia, things are done differently here!

Westy54, please stay focused and on topic!

So, the reasons are going to be handed out in private emails rather than in the RNS? If ever there was a basis for ignoring these claims of insider information being posted here, this is surely the evidence. To announce the delay is to know what the issue is to require the delay. To not give the slightest indication within the RNS of what the issue is speaks volumes. An extension of a month for administration reasons? Perhaps. But this goes to next June. There must be a significant issue to cause that. That is a longer period than provided so far. I spotted before this policy is engineered to try and create active voters likely to swing a vote against a split.

No indication given for the extension = suspicion.

Pointless trying to pretend otherwise. WHAT'S GOING ON?

"Extension to the settlement period in connection with the Exchange Offer"

Extended to past summer 2023? Why no reason given? Not happy with this. Smacks of some sort of dodgy maneuvering to derail the split. If some in Russia do not want to exchange, then leave them behind. The majority should not be held to ransom like this. I always said this exchange was designed to stuff the ballot box against a split. Clearly not enough votes are coming over so this huge extension designed to try and give time for others to release shares for exchange.

SGM to vote on going ahead on the split now, or ask LSE to suspend the share and force the vote.

"Extension to the settlement period in connection with the Exchange Offer"

Extended to past summer 2023? Why no reason given? Not happy with this. Smacks of some sort of dodgy maneuvering to derail the split. If some in Russia do not want to exchange, then leave them behind. The majority should not be held to ransom like this. I always said this exchange was designed to stuff the ballot box against a split. Clearly not enough votes are coming over so this huge extension designed to try and give time for others to release shares for exchange.

SGM to vote on going ahead on the split now, or ask LSE to suspend the share and force the vote.

click blue button, bottom right of screen, turn off everything

Nobody cares whether anybody makes or loses money.. It's about No 1!

Public service? huh?

https://www.newsweek.com/igor-girkin-stelkov-ukraine-russia-war-campaign-failing-isw-1765256?piano_t=1

Let the rats in the bag go at each other.

"Paint the picture as you like but in the eyes of politicians they see it as Russian"

If that were so, then sanctions would already be applied. Sanctions may extend to impact the Russian assets ability to fund the war through providing tax income streams, but POLY would immediately be split, if not done so already and Poly K would not be sanctioned. This is a further qualification to split, and fast just in case there are more lunatics at the asylum in Moscow then level heads and some how the war is continued into next year.

More likely to spook various oligarchs and factions in Russia. The effects of the current sanctions are biting deep, to have more piled on will be hard to accept.

Remember, the Kremlin propagandists on here would have us believe the west is on the verge of caving in and relinquishing the existing sanctions in return for some gas, despite the storage being as full as it can be and large drops in consumption.

Yet news here is not of lifting sanctions, it is about adding more.

The last straw on the Russian camels back???????

"With GOLD it can easily be resmelted and stamped"

It can't, heavily regulated and policed to counter laundering. If it was that easy then laundering drug money and any other dishonest gains would be incredibly simple.

"This isn't about the effectiveness of sanctions, it's about how it may or may not affect Poly?"

ermm?

"EU are running out of things to sanction"

Hardly! There are far more sweeping sanctions to be applied. So far they have been at a stern warning level trying to target the funding of the war and motivate individuals who could 'influence' events. Most of the west is being careful not to burn burn bridges. When it becomes a humanitarian crisis, it'll be troops ahead of sanctions - as with the Balkans.

No market reaction

so far...

Test purchase, checking out whether a sale goes through with their particular broker. I will expect to see a 1 share sale too as a test run. Maybe in reaction to the latest 'decree' from Russia. However, as I said the other day, if you are expecting to 'jump in' on the big news manually or even with on order, you won't get a look in and your order won't be processed for hours and from al my learning experience, your buy order will be at the to of the spike. It's called being behind the curve. You either get in well before an event or you will lose out trying to respond to an event.

"It is a financial forum not a history class or debating society"

Oh no it isn't. It is an open chat where matters relating to, affecting, pertaining of or otherwise concerned with POLY ate discussed. An event that crashes a sp 90% is rather important to the subject of the share especially as it is an on going event that will have a significant after the event fir some time. The financials are one part of many.

Discuss.

Except when the re-rate happens, one moment the share will be live, then suddenly suspended for a few hours while the iis file their purchases, the market opens again and immediately triggers all the automated retail sells, then just maybe you can set about clicking the quote button for half an hour in the vain hope a little retailer investor gets a look in whilst the market bucks and volume hits 7 figures!

Good luck, lol

At least those leaving Ukraine won't arrested at the boarder and jailed, or even executed, unlike in Russia!

Right from the moment the troops went in, there was only one policy. Irrespective whether Ukraine fell in three days, three weeks or three years, the basic policy is Russia must not be allowed to gain or win. The sanctions, cutting off of gas or refusing to buy gas would all have followed through anyway. The energy market was spiraling out of control months before the invasion. A lot of the political unrest within Europe is connected to a rejection of the wider net zero policy, the impact of which has been made worse by the war - and an accumulation of EU diktats and the slow awakening of the loss of self determination whilst under Soviet EU control. Even if western governments are 'toppled', the fundamental policy of no appeasement will not change. The price to pay latter is just too great. This war impacts on European people and governments directly and therefore will be seen through. This is all about when Russia accepts this and then acts. Waiting with cash to 'jump in' is a folly, you will not recognize the signs fast enough and never buy quicker than the iis. If you are a pi you either take a position now or stay well behind the curve. There are risks, but safe to say Russia will fail economically a long time before the west. No BRICS are coming to Putin's aid economically not even China. They seem content to sit back and watch Russia fail. Hell, if Russia is to toxic for BRICS, then imagine the post war landscape. Russia is in perpetual decline on the battlefield and will not be able to hold on to the territories as has been demonstrated during favourable conditions. And the special sabotage opps within Russia are only just starting, with immediate and big impacts. How many new aircraft lost in just one week?

Thanks!

All this congratulatory back slapping woke me up early.