Member Info for ChrisToffer

Its not a delisting.

Its only being removed from the indices. Theyre like a league table to track companies, sectors and the general market.

Poly will still trade on the London stock exchange

Thats about the fairest analysis I've heard from you, fair analyst.

Good luck everyone

Volume may be up of the AUCOY and POYYF tickets but the volumes are still tiny. I really don't get peoples obsession with comparing the LSE shareproce with OTC/ADRs as the volumes there are so tiny.

The risks with this share are well documented here but the dual effect of 1) brokers stopping PIs from opening positions and 2) large IIs being prevented from buying and/or forced to sell due to social and corporate responsibility means that a lot of investors, who would morally be ok with investing here, cannot do so. This could lead to a significant correction when those restrictions are removed.

Hi inigomontoy, please see below email from Ploymetal IR relations on this very subject. This was shared on this forum and I had it confirmed by IR.

"We are not surprised by the news that some brokers refuse accept orders in POLY LN and freeze positions on investors’ accounts, however, we must stress that POLY LN is NOT on any sanctioned list. It’s a blanket ban by banks and brokers who are acting on advice of their compliance teams as opposed to actually complying with any external rules or regulations. This is one of the reasons why the share price is under so much pressure, banks refusing to accept orders in POLY, and some allow only SELL orders. I would urge you to request your bank to provide you with a document from the EU or Swiss authorities that explicitly sanction Polymetal. They won’t produce one, because there isn’t any. We are in contact with FCA and LSE and our stock is not suspended and continues to trade.

We’ve published a business update today, which should answer most FAQs by investors".

Wress my cash, youre correct about Nesis building his own business however he is on the US Oligarch list.

Alex Nesis has not been sanctioned. Furthermore, he isn't involved politically in Russia, certainly not to the level RA was. Can anyone provide evidence to the contrary?

The shareholding structure (75% float) and the fact ICT (not Nesis) have 23% ownership also makes it more difficult to sanction or suspend the company.

The hourly 8ema is rising support at 160p and its converging with the 50ema at 170p. Something has to give.

Daily Macd set up for a big swing up wards I think

You think they sold 47m shares since then?

No chance. Thats not even the entire volume traded.

Interesting that they reported so quickly. If they wanted the price higher to offload more, wouldn't they wait longer to report, condisering the price is in an upwards trend?

8ema finally gone on the hourly. Was a stubborn beeeaatch

Interesting that Sergey Sudarikov, a Russian resident, bought nearly 30% stake in POG this week

Talk of delisting is nonsense

Read the report that was released in an RNS this evening. There is a comprehensive risk management section amd no mention of that. In fact, they talk about how important the LSE listing is.

2 good points to note;

Revenue and debt are recognised in US dollars and costs in Russia are linked to the Rouble.

Sanctions have not had any direct or significant influence on the groups operations.

Wressmycash,

Are you aware that you can reply to threads? You keep starting new threads everything you post and its extremely annoying.

Go to a post you wish to reply to and below it press the 'reply' button.

One of you is quoting the ADR price and the other is quoting the OTC.

Neither of those trade in huge volumes so its a bit of a pointless argument.

Hi TornadoTony,

Out of interest, what's your take in the chart setup here?

Although it's unusual for an OTC price to be so disparate from an exchange, the volumes are miniscule (like 265k). I wouldnt read too much into it.

True volume will come back when the funds are allowed to buy back in.

'Funds are not pressured and obligated to sell here.'

Mattyboy is correct, Social and corporate responsibility is stopping funds from buying. IMO therell be a huge rush once that obstacle is removed.

HarChris, "we can't really call ourselves a £20-£40m EBITDA + £100m cash company until it's proven in non pandemic times"

I agree if were talking about the market organically finding value for the company however this conversation has been speculating on the valuation of a takeover, if that is the intention of Albio (or anyone else). I.e a takeover where the wheels are already in motion.

I believe that If they somehow find the money and they continue to accumulate shares with the intention of taking over then, with only 70m shares in issue, the price will end up well north of £6 by the time theyre required to make an offer for the remaining shares.

Alternatively, if they make an outright offer and it were to go for less than 10x Ev/EBIDTA based on the 2020 or 2021 accounts then it would be going for a song because that's less than its peers would be valued.