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Charting can be very useful if talking high market cap which means FTSE is very limited unlike US market which is where the large trading occurs. So I find US markets, being so big, provide indicators useful in some degree understanding moves in the FTSE. BP. SHELL and GSK, for example, can be useful in UK charting.

£16.54 give or take was a support level for GSK which was broken ca 2002 and then became an upper or resistance level from then on. Today will be pivotal as price settled at this level. Theory is that if price falls below and is later confirmed below next week then near term outlook bearish.

From a charting/trading point of view interesting to see BP hitting resistance level at around 525p that originates from 2014/5. In theory should retrace next week but will watch closely.

Given all the recent drug developments and approvals at GSK and the minimal impact on SP I wonder how this Company would fare if their main listing moved to the US. Pharma Cos now turning to AI for development are widely expected to rerate much higher. Hot money in the US, coming from record highs in their main indices, will be looking to exploit dirt cheap opportunities elsewhere. Would I be surprised at an 'opportunistic' offer this year?

As a LTH in BP I follow the US closely, more so than OPEC, because oil production in America is considerable. With Biden intent on destroying both oil and LNG production in the States ASAP my gut instinct is that both oil and LNG prices will at the least stay higher for longer without overlaying geopolitical concerns. A further consideration, I'm sure you know, is the high discount there is with Shell and BP cf to US supermajors - with hot money in US looking for quick returns (would the UK embargo any sale?)

Having watched the intense activity in AI in the US market I am not surprised at this, expected, offer. As a holder I would have expected a fair offer at this stage of 700p minimum thus I continue to hold. I understand BoDs happy to accept given the uplift to their low price original investment. This company will be developed in the US where liquidity/investment is multiples higher than the LSE - reason why FTSE companies deserting or considering it in droves. Be interesting to see whether further bids incoming from US.

An amendment to my earlier post - GGP should, of course, have read SOLG, but I hold GGP as well in a basket of pre-production miners.

I agree with your position ByronBayGold. Rick Rule who is well-known in mining circles prefers prices dropping in order to buy more. He assumes that you are invested for a variety of well-researched reasons and are therefore not frightened by a fall in prices! To reap the benefit of such early stage investments takes many years of patience - 10 years plus to bring a mine into production. Once producing the stock price will be in the pounds rather than the pence. I invest in early stage miners for the future benefit of my children/grandchildren. Do I expect dilution with GGP - of course I do, that's almost a given with this type of investment, but I hold funds in readiness for such an event

My view fwiw is that analysts are pricing in an interest rate cut (or more) this year - the same folk who described inflation as 'transitory' 12 months ago. Realism is presenting itself in current mortgage rate increases together with savings rates increases back above 5% (Ulster Bank 5.2%).

Reference to Analyst consensus from Wall Street Journal it should be noted that the figures quoted are in US dollars not GB sterling.

Foregone conclusion surely. Large investors (usually LTHs) would almost certainly have voted against Divi payment at AGM for obvious reasons - they are in long term and understand that in uncertain times you hold cash rather than splurging it. I was also ready to vote 'against' should the divi vote have gone forward. As for all the hysteria regarding debts!! - would have thought that even some of the posters here would have realised that POLY digs real Money out of the ground. Also, as a result of their operation POLY has a good credit rating. Outlook for gold price is very positive as inflation and fiat debts increase.

For anybody who believes that Russia hasn't outfoxed Biden's sanctions I recommend reading the following article where Putin's sidestepping of sanctions is happening and predicted as I previously mentioned by Jim Rickards. https://thecradle.co/Article/columns/8638

Redinjun...the report on RT is nothing more than has been predicted to happen for many months - if not years - by the likes of eg Jim Rickards. James G. Rickards is editor of Strategic Intelligence. He is an American lawyer, economist, and investment banker with 35 years of experience working in Capital markets on Wall Street. He was principal negotiator of the rescue of Long-Term Capital Management LP by the US Federal Reserve in 1998. He has advised several US Governments for the last 2 decades on the future threat posed to the World's economy by Russia and China with their divestment of dollars in exchange for gold. He has 'war-gamed' for the White House the consequences of Russia/China pegging their currencies to gold (or vice-versa) as a consequence of which forecasted the demise of the reserve status for the dollar. I realise not of interest to day-traders but might be useful to LTHs i.e Investors (not speculators) when planning investments in tier 1 gold miners.

bankrupty...In the US, ruble tends to be used.
In the UK either ruble or rouble is used, with rouble being the most commonly used. Cut and pasted.

latpulldown - are they skint? Hardly think so but school of thought is that Russia/China keen to break dollar as World's reserve currency and by getting customers used to paying for oil via their SPFS system- rather than petrodollars - they are directly attacking the Dollar's ascendancy over the last 40odd years. You will be aware that Russia and China have been selling off dollars for some years, using it to purchase gold.

Fact rather than fiction - Rouble is currently trading at pre-invasion rates vs Dollar (83 to 1 dollar). Putin wins whether Russia sells commodities eg oil, gold, whatever in Roubles, Dollars, Euros, Yuan, Gold etc etc. Biden having to release 30% of strategic oil reserves to reduce US pump prices. Russia converts oil into diesel which powers world's shipping, cars, delivery vehicles, farming and construction vehicles etc etc. - word is for diesel rationing this year unless sanctions eased. Could go on but point is - DYOR not fiction. Putin is a nasty individual who has been allowed to plan his Ukrainian invasion since 2014 whilst the West increased their dependence on Russian supplies to the extent even that Germany refuses to stop importing vast amounts of Russian gas. It was estimated this week that approx one-sixth of World is complying with sanctions. We, in the West, will be the ones who pay the financial price for sanctions, Ukrainians will suffer physically for our reliance on Russia's 'good graces' in keeping us supplied with essential commodities...meanwhile UK protesters blockade oil depots here...give me strength.

That frightened all the amateur day traders lol. Was it Wilde who coined the phrase...price of everything and value of nothing. As a LTH very happy to buy when the chicks all run scared round the farmyard.

Blacksteel - well said, my sentiments exactly. Have been invested in POLY for several years on the basis that it was a well-run Company with a good, knowledgeable BoD, good and increasing resources and reserves, well constructed plant and equipment, a contented workforce and excellent safety record. Ticked all the boxes - apart from the usual with so many commodity Companies - geolocation.

DGR.... Agree in part and disagree in part. Yes full implementation of a demerger would normally be expected to take in excess of 9 months. BUT the agreement, or otherwise, for the BoD to proceed with detailed investigation of the intricacies involved and the likelihood of returning a satisfactory result can be obtained fairly quickly from investors. At an AGM I would expect the BoD to lay out all the pros and cons and reasons for adoption or otherwise to shareholders - this would be better than market chatter or even RNS's. GSK, for example, are to put forward/implement their demerger proposals, they hope, in June/July. Amongst other difficulties with a demerger there is what to do with existing debt of the parent. Demerger becomes more attractive the longer this conflict lasts, or is expected to.

I have been expecting at least talk of a possible demerger from the beginning of this invasion. I don't see one, if it materialises, as being at all a bad thing since the Kazakhstan element can proceed without undue interference whilst the Russian element will continue as a separate company with more immediate domestic risks. Shareholders would be expected to vote on such a proposal and the forthcoming AGM would seem an obvious venue. Usually shareholders in the parent company ie POLY would be offered shares in both newly formed companies. Much to consider for the BoD and meantime who knows what will happen and when with talks and sanctions. POLY doesn't let you get bored.