Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I was sat next to him. That was redinjun
I remember it being said in the meeting that there was $200m of inventory left to clear. Just from memory, so could be wrong
I was at the meeting too and I didn't take away the level of panic that seems to be infecting people. I did think the price would dip because there's a possibility of LSE delisting, but it's not definite and it's not their preferred option. Whatever else, this remains a fundamentally sound company pulling gold out of the ground.
But not as critical as this update today from EVRAZ
https://www.lse.co.uk/ShareChat.asp?ShareTicker=EVR&share=Evraz&thread=9B384BDD-D943-4B95-B54B-13E6CEF89E40
A smart security gate was installed in the repair box at the Komarovsky Mining Enterprise (KGP) in Kazakhstan.
How is it?
Sensors-blockers are built into these gates. If they sense an obstacle, the structure stops descending. In general, if a person is under it, the gate will simply stop.
By the way, these gates are not afraid of strong winds - the material from which they are made is durable. At the same time, it is relieved.
Nail Sharafutdinov, Chief Mechanic of KGP:
– The force of the wind on the canvas is transferred by horizontal aluminum profiles to vertical rails. This allows you to withstand even a strong squall.
You don't lose your shares if the main listing moves to AIX, so you're not 'screwed'. The company will still be there doing its thing. If you own shares then you'll get divs, can vote on things, etc, etc. At absolute worst, get them issued as paper shares and hold them that way. WHo cares where the listing is then. The downside will be very illiquid trading, but if the divs are good enough...
I think it's possible we'll get a clarification on leaving LSE, as it's caused the SP to crater. Being in the meeting it certainly didn't come over that they're looking to disenfranchise 50% of the shareholders, so maybe they will clarify this one.
EVRAZ purchased a new horse for hippotherapy with children with disabilities
The company allocated 700,000 rubles to continue therapeutic riding in Nizhny Tagil as part of the EVRAZ for Children charity project. Part of the funds was spent on the purchase of a horse named Bagheera, she is 6 years old.
Bagheera was chosen not only for physical parameters - the horse should be low so that it would be convenient for children to ride it - but also for their liking. She carefully listens to commands and executes them correctly, calmly reacts to external stimuli, has a uniform step. Now Bagheera is actively training at the arena. The horse will begin full-fledged activities in the summer.
Horse Masha, on which the guys have been riding for many years, continues to participate in sessions of therapeutic riding, and in the future will go on a well-deserved rest.
The charity project "EVRAZ for Children" for the rehabilitation of children diagnosed with cerebral palsy has been successfully developing since 2007 in the following areas: hippotherapy, art therapy, fairy tale therapy, aqua therapy and phototherapy.
With a shareholder vote it's tallied up on the votes received. If you don't vote your voice isn't heard.
It's crazy because from what they discussed in the session, PIs hold 50% of the stock and should have a decisive vote.
I'm almost surprised that POLY hasn't been taken private in the current circumstance.
I spoke to Vitaly after the session and asked what impact retail investor voting would have on the plans to redomicile / change share structure, etc, etc. He said that is basically irrelevant because retail investors don't vote, even if the issue to vote on would harm their interests. Long and short being the plans need to please IIs and they will get voted through.
Let's hope what suits IIs also suits PIs
It's amazing how Newt hits every single top and bottom with absolute perfection. Either a time traveller with a book of trades or full of BS. I call for a time traveller. What's it like in 2341 Newt?
After the initial morning panic, anyone for a blue finish?
If you're attending the event in London, see you there!
Just looking at this on phone, so may have missed this in the RNS.
Are we given an average selling price for gold for the year?
Pump, dump, repeat. EUA back down to 3.75 again.
I think the mods here really dislike posting t. me links, but try this pic - https://i.postimg.cc/Z5nrNmY3/POLY-London.jpg
I've created a POLY London T elegram group to co-ordinate if that's helpful. It should be anyone joins, public access, so just search for POLY London in T elegram
I just came on the board to ask the same thing. I'm aiming to go, but I'm in central London until very late tonight so might not be able to get back in by 12. I shall try. How do we spot other board users? Red carnation? Ask a stupid question to Maxim? cough three times if the word dividend is mentioned?
POLY have cancelled sividends recently and have the ability to pay a special dividend any time they like. It doesn't mean they will of course. The best we sould probably expect tomorrow would be to hear that operations are going well, gold is being sold for a decent average over the year and debt is down to $2-2.3bn. They will probably address sanctions, company split, etc as well.
JohnNth - What you've said regarding POLY and POG is really quite inaccurate. POG disappeared because they had a contract to sell all their gold to (IIRC) Gazprombank. When they weren't allowed to do that because of sanctions they got swallowed by their debts and got bought for a song. TBH POG had a rough history anyhow, with almost a live by the sword, die by the sword narrative. ANyhow.
POLY isn't impacted by anything like that. They can sell gold whereever will buy it, and as has been stated in RNS they have rebalanced gold sales with a newly created direct sales team to the East.
So it's not that they've escaped sanctions, or that POG was sanctioned or that POLY is going to disappear and lose everything for shareholders. The only thing that could happen is that RF requisitions mines, but that seems unlikely too, at this time.