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Bid 235 @ open, ask @ 249... Every damn day. This is 100% being held. stay the course people
I'm not sure what a market maker has to do to justify the prices they set but for weeks now this has been untradeable. Every open the bid drops to 235 before climbing towards 240 at close. The ask stays around 245-249 so no one buys because of the spread. Add to that only minimal brokers are allowing the purchase of this share it tells you this is being held back. Institutions want back in before the split next year and they want sub £3. So I expect this to stay subdued until March/April before the next big announcements
Anyone who has been around this share for a while will know when this pumps 15/20% in a day it often crashes back down a few days later. The market has taken ABDX saying they've no contracts and no income as a positive, purely because they haven't run out of money. I'd like to know more about their cash burn. If they've only burnt 100k since October then great, but then how do they think £4.4 million will only last them 12 months?? That means they're still burning £365k a month. Figures don't add up!
OWLS - Investing in FXPO does not help Ukrainians. Exchanging shares for cash on LSE only helps London brokers who profit from the sale/purchase. Again, do not try to play the morally superior person when you are profiteering from war. I have long positions in some companies, short positions on others. The market decides who's right and wrong, nothing more
Why, what's wrong with shorting? You're trying to profit from a depressed share price due to thousands of poor Ukrainian's dying so don't try to take the moral high ground. I'm here for profit and so are you. You choose your way to make it, I'll choose mine!
Yes he did, and there's no excusing that but what have the west done to stop it? In the beginning, Russia were willing to pull back if Donbass became neutral territory and they didn't join Nato. If rumours are true then the prolonged killing is thanks to Boris telling Z not to negotiate. Now Russia will refuse to give anything back and war will stalemate until something worse happens. Which is why i don't think FXPO is a good hold any longer. Sustained infrastructure damage will destroy all industry in Ukraine
IMO Evan is the most putrid of people. I'd compare him to Putin the way he reviles in the demise of others. There are no winners in war and Ukraine is turning into a s**t show of death and despair. We are here to discuss ways to profit from this mess, which is immoral enough without having to sump to the depths he does. The guy would celebrate the death of a billion Indian people if he could make a profit from it S**mbag!
Good job Evraz is world largest vanadium producer. Uk can't live without us lol
Massive outages all over Ukraine. Limited supply in most regions. Surplus stockpiles of pellets running low. At some point the market will realise and this will retest £1. (Full disclosure, I am short here)
Copied below for the benefit of all...
This was posted on stockopedia yesterday which sums up the current position of Polymetal:
‘In the latest update (November) the CEO has stated that new sales channels are now fully operational and that stockpiled product will be moved by year end and then into the 1st quarter of next year, reducing the accumulated debt to below the $2bn level from the half year figure of $2.8bn. Following a stock swap which is due to end on Dec 16th half of the company's 22% of shares held on the National Settlements Depository in Russia will have been swapped out for paper certificates issued by the company. This opens the door for a return to dividend discussion in March 2023. The BoD are looking at a relocation of the domicile of the Company to a more "Friendly" country to Russia and if that happens they will have the option of splitting the Russian and Kazakhstan assets. The news on this is that it may happen in Q2 2023. Shares will be offered like for like in both companies and it will be up to the shareholder whether they hold both, one or no shares at all by selling/buying on the open market. It is I understand hoped that both companies will be listed on the LSE. Gold is back up above $1800 and silver above $23. China is slowly opening up apparently which will improve logistics. The Company and its BoD remain unsanctioned and refuse to sell to Russian Banks. The USD/RUB fx rate saw the Rub weaken slightly to 62 this week (Pre invasion levels were somewhere between 70 and 75) which is starting to bring prices down for the company in currency terms. Kazakhstan operations have, by and large remained unaffected by the war. The company has reinforced its production targets at 1.7Moz of GE for this year, 2023 and 2024 with an update on costs moving forward in Jan or March next year.
The threats to the business remain as they have always been since the invasion started, sanctions/counter-sanctions, refinancing costs, logistics etc. Generally speaking there is a much better mood within the company than there was 6 months ago.’
Hopefully we should see a nice steady rise over the next couple of months.
This was posted on stockopedia yesterday which sums up the current position of Polymetal:
‘In the latest update (November) the CEO has stated that new sales channels are now fully operational and that stockpiled product will be moved by year end and then into the 1st quarter of next year, reducing the accumulated debt to below the $2bn level from the half year figure of $2.8bn. Following a stock swap which is due to end on Dec 16th half of the company's 22% of shares held on the National Settlements Depository in Russia will have been swapped out for paper certificates issued by the company. This opens the door for a return to dividend discussion in March 2023. The BoD are looking at a relocation of the domicile of the Company to a more "Friendly" country to Russia and if that happens they will have the option of splitting the Russian and Kazakhstan assets. The news on this is that it may happen in Q2 2023. Shares will be offered like for like in both companies and it will be up to the shareholder whether they hold both, one or no shares at all by selling/buying on the open market. It is I understand hoped that both companies will be listed on the LSE. Gold is back up above $1800 and silver above $23. China is slowly opening up apparently which will improve logistics. The Company and its BoD remain unsanctioned and refuse to sell to Russian Banks. The USD/RUB fx rate saw the Rub weaken slightly to 62 this week (Pre invasion levels were somewhere between 70 and 75) which is starting to bring prices down for the company in currency terms. Kazakhstan operations have, by and large remained unaffected by the war. The company has reinforced its production targets at 1.7Moz of GE for this year, 2023 and 2024 with an update on costs moving forward in Jan or March next year.
Copied below for the benefit of all...
The threats to the business remain as they have always been since the invasion started, sanctions/counter-sanctions, refinancing costs, logistics etc. Generally speaking there is a much better mood within the company than there was 6 months ago.’
Hopefully we should see a nice steady rise over the next couple of months.
Solid appointments! Added experience and shows the company if coming back together nicely. Strong BUY!!!
You weren't the only one HD73. Lots on here bought above that even. I first got involved in the placing at 25p then averaged down. Made some money back trading the pumps but still a significant loss overall. Just a dog of a share and run by morons.