Next week...The 🌤 on PolyVille4 Aug 2023 09:07
Next week the sun rises on Polyville.
On Monday Polymetal becomes a Kazakhstan company. What does it mean? It means it is now a company in friendly jurisdiction to Russia. Therefore PolyR can be sold without permission from the special committee in Russia. It also means it will not be sold at a huge discount, so Polymetal can get a fair price for the asset. The mere redom strengthens Polymetals hand at any sale negotiations. (Personally I believe a sale has already been lined up)
At the AGM on the 25th of July the board calmly but firmly indicated that a sale is what they are thinking.
A weaken Ruble
Anyone remember when Mr Nesis said a strengthen Ruble was one of the things keeping him up at night - when the ruble was around 60 to the dollar? Well the Ruble is currently 100 to 1 dollar. I bet he sleeps a lot better now. And costs in Russia are lower, hopefully that means more profit, less debt. Less debt makes divus more likely.
Production targets.
Well we can only hope but Polymetal has a record of meeting Production targets. Also I am sure they will want PolyR to meet targets as that makes it more attractive.
To conclude
Let's all sing the song "Tomorrow" - from the Annie movie.
#2months
Tomorrow Lyrics:
🎵The sun'll come out tomorrow
Bet your bottom dollar that tomorrow
There'll be sun
Just thinkin' about tomorrow
Clears away the cobwebs and the sorrow
'Til there's none
When I'm stuck with a day that's grey and lonely
I just stick up my chin and grin and say, oh
The sun'll come out tomorrow
So you gotta hang on 'til tomorrow
Come what may
Tomorrow, tomorrow, I love ya, tomorrow
You're always a day away
When I'm stuck with a day that's grey and lonely
I just stick up my chin and grin and say, oh
The sun'll come out tomorrow
So you got to hang on 'til tomorrow
Come what may
Tomorrow, tomorrow, I love ya tomorrow
You're always a day away
Tomorrow, tomorrow, I love ya tomorrow
You're always day away🎵