Poly Russia - a way forward.21 May 2023 10:26
First of all, coming out of the G7 and the press seems to be early signals of a negotiation. The USA seems to have accepted that the Russians have taken the donbass and crimea for good. However, they want to make sure Russia pays a heavy price for it. So the strategy seems to be "counter offensive by Ukraine, then negotiations". In any negotiations what Russia will want will be a lifting of sanctions and to keep their war gains.
If that is what happens then Polymetal may just be a waiting game for normality to return.
On the other hand, nothing is guaranteed, Ukraine's counter offensive may be "too successful" and suddenly the West might demand more and Russia says NO. And that leads down the part of WW3.
In my opinion Polymetal should redom, put all the debt on the Russian Poly and sell, pay a special dividend and just move on with a clean business in Kazakhstan and then explore more mines in other countries.
Thoughts welcome.
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