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I got yawned at by Nathan90 this morning when mentioning that nothing had changed. In addition referencing the sad loss of life on both sides and the pointlessness of war. Plus that we should not focus on profits when things are so sad. Nathan90 did you manage to top up this morning?
This reminds me of HMV and GAME GROUP. Lots of people saying punt, gamble and this will be blue +200-300% in a day.
If I can offer any advice it would be, before buying wait for the real RNS. Yes you will not make the top profit but at least you won’t risk the total investment.
Look at the key points. It’s worth scrap value as a business in comparison to what it should be. But it can’t sell its gold, it can’t repay its debts, it’s got a repayment call on its debts and it can’t get money out of Russia. If that’s not bad enough how will they pay taxes? Plus the war is sadly not ending any time soon. Even if it does they are unlikely to lift any sanctions soon. They will have to prove themselves over time.
I did a few test buys this morning and could buy unlimited quantities of POG. I then checked the spread and saw it at over 68% at one point early on. Just shocking, it was a trap for so many buying between 8 and 9am. To then watched it pull back all day to end up only +2-3% percent, this was not so shocking. Just remember if POG fails operations will continue running with a Russian company. like the board of directors highlighted shareholders could be wiped out. This is a real and probably most likely possibility.
Spread is to catch people out. Always has been.
Nothings changed it’s the same message repackaged. They still have not confirmed the fallout if the assignment. If it was positive they would have been singing it. They still can’t sell gold and have only applied for a licence. Do you think a UK company is at the top of the list to give a licence to?
As most have written it’s a punt or a gamble.
My advice is this could be massive but wait for real the real positive RNS that says they have a new buyer for the gold, confirmation the new holder of the finance is willing to work with POG UK and also that money can be transferred out of Russia. New sanctions are happening daily. UMMC could quickly find it’s self added.
I agree this could be massive but will wait to make a lesser percentage, rather than think the war is over and things are better.
Most important thing to focus on is the loss of life on both sides and the pointlessness of war. Not how we can profit out the destruction of people, land and buildings.
Dear Clintek,
What happened to you to hate the world so much and be so self focused. What a lovely person you are.
Don’t worry I will pray for you.
We have no direct links. A cancelled dividend cuts a large sum of money going forward so Poly should be thanked. What do they do? the whole business operation is in Russia.
Yes cut off lots but not everything we don’t need another North Korea. Also shows hope. Don’t forget the people of Russia that oppose this war, do we leave them behind as well. In time relationships will need to be built again.
I was even thinking do we say on the day the war stops we will lift some sanctions? And this lifting will increase over time. Private companies could say they will restart operations if the war stops.
Sad thing is one person seems not care about human life including women, children and babies. He only seems to care about his wants and his life, I pray that he will see his horror and be broken in the eyes of God. This is in no way the actions of a good man. As for the cowards around him allowing this madness let them justify themselves in time.
Surely it’s easy let him go to his meeting room and lock him in. Then everyone ignore the hellish orders. Let him see he stands alone screaming his evil.
As for the people wearing the Z symbol, what can I say other than I wear the cross of the Lord. My one carries significance and peace there one may carry them to hell.
As we thank god for someone selling up because of a horrible war can we also pray that God helps stop the horrible war that has caused this selling.
At this present time I find it hard to concentrate on money making on the stock exchange. I have lost lots but feel more for the people involved in the war.
God bless them all and God please do not let this war spread. Amen
It’s not going well for Russia. They need to get out the past and see the young people of the world are not interested in war. All they want is an iPhone and a few videos of some falling over.
It’s like Rocky 4 again. Where is Sylvester Stallone when we need him.
Fantastic :|
With peace talks planned this could jump?
RNS shows we are still operating. I suppose that’s something maybe.
Can someone please provide an assessment of future profit based on guidance, gold at $1,900 and Rub at 80 to the $
The sanctions will unlike relate to the operations of POG. They will relate to individuals and government.
The sanctions will never be so harsh, as they will simply turn of the gas in response of rocket the price.
Stay calm everyone.
Yes I wish I had sold at 39p but that’s gone now. Yes I have lost a fair sum not selling.
But look at the plus. Usd to Rub is around 80 and gold is now $1911. This situation should be producing a bigger profit at the moment.
Also our gold mine is nowhere near Ukraine. Russia is a big place.
Thinking of adding. Buy when everyone is fearful.
This is so cheap in comparison to other similar gold companies.
The market has to change again soon. Gold is still high and predicted to rise in 2023 to new highs.
The new flotation plant and POX Hub will drive production and lower the expensive reliance of third party concentrate.
Yes its a pain its back at 19.09p but it wound take much for this to jump again. Maybe even these results will prove well.
Is anyone adding? we could kick ourselves later down the line. It would be nice if they were hit by a wave of buys, catching them unaware similar to Game and AMC. Only difference is POG is actual viable.
Hopefully, this will be seen as positive. Surely they don’t have the money to make a bid so will aim not to exceed 30% ownership.
How can it be that the major shareholder acquires another 2% and the SP falls.
I really hope for a small shareholder movement.
Dear Rustybucket,
It does say stockpile. You could be right. Production is expected to meet the range and hold remains high looking to move higher.
https://www.google.co.uk/amp/s/www.bbc.co.uk/news/business-57914322.amp
You will be back. You only post on POG lol, your institutionalised like the rest of us.
All the best on your next invest.
Lets respect we all have different spins on this stock. Lawrence13 has been here for years so don't think we should have concerns. I feel he actually offers some good information at times. I also appreciate the input of Rustybucket and Retiredbanker. The list goes on but I am not going to name everyone.
We are lucky, some boards are filling with rubbish. We have some very good members who discuss things and back them up with real analysis or facts. Yes we are restricted by limited information but still the effort is welcome.
Please let none of us turn this into a rubbish bin or attack another member. It is sad to see members trying to turn one against another for having a different view point. What does this achieve? as it is weird / concerning for one to want to act in such fashion.
Anyway this email is targeted at no individual.
This stock should improve now for all of us who want it. I am also thinking of adding this week, feeling the price will bounce a little in the near term. Will anyone else be joining me?
God bless all and enjoy the sunny days.