RE: Lets talk Polymetal11 May 2022 12:40
It's good to talk ... so they say.
We are in a period where the SP is range bound on very low volume now.
Hopefully the crazy volatility has gone, and so the chat quietens down from all the traders.
For me it is a matter of patience now.
I've got just a few hundred shares at average cost 294p, and looking to hold for staggered selling in future.
There is still a high risk attached and possibility of share being wiped out, but I am hoping we have passed the worse now. If sanctions were going to wipe us out, then surely it would have happened by now - so the probability is that won't happen (but not guaranteed).
The RNSs have been positive in terms of trading carrying on, but naturally there is increased cost pressures, cashflow concerns with Russian linked banks/assets, supply chain disruption, and the thorny issue of appointing an auditor - that we need to remain UK stock listed. Management has been excellent at communicating throughout this horrible war (Military Exercise ??) and that in itself is a very psoitive catalyst.
My first SP target is around £7, where I would sell approx 25% of my shares, and then £10 for next batch and so on.
GLA - C