Member Info for Dartron

I am glad to be informed, I expect i can make a gain somewhere else before November. 1p or 2p entry doesn't matter if its the next GGP right?!

Great research, thanks. He is obviously a smart fella. Added TLY to my watch list LOL.

Doesn't feel like any issue with the company, as he had a relatively small holding compared to others. Strange that he sold, but he still has 150k shares, which he held prior. Could be personal reasons, or moving jobs as stated below. Moving jobs could be for any number of reasons, as we all probably know and have experience of.

You may be right Dana. Does seem like the SP is rigid. Same story at HGM, SP was low (unexplained) for a while then an offer at a small % above that and it was a done deal.

Best of luck Fantom. Totally understand your reasons for selling. I bought more today at the afternoon low - albeit to replace some I sold last week. Thought the sell off yesterday and today was over done.

Thanks PI, fair enough and good point. Still underwhelmed with this, but iv got bigger problems to worry about today.

3.5 million warrants cost 35k. Therefore outstanding warrants could be bought for 300k. Buying in dribs and drabs does not look like a serious investment to me.

Looks like the chunk size for the warrants is getting larger. Was 1.6 million last time. This time its 3.6 million. This time it is 1/6 of the remaining warrants. So only another 30.89 million to go. Cant work out whether this is good or bad for investors. Doubt there is enough margin to be able to sell these as the share price is already close to 1p. Maybe there will be a teaser RNS in the next week or so to be able to offload these.

Thankyou for the link. I had not tried to google it, however:

I find the link you refer to, 7m shares, undisclosed seller.
https://www.bloomberg.com/press-releases/2020-05-11/polymetal-holder-to-sell-7m-shares-in-company

I also find a Reuters UK article dated 18th Sept, which says 4% shares / 19 million sold. Sold by the largest shareholder ICT. (Alxander Nesis).

It also says (paraphrasing for copyright LOL) that ICT are still the largest shareholder at 24% and only sold due to debt obligations, and Polymetal is still a great investment. (but they would say that).
https://uk.reuters.com/article/russia-polymetal/update-1-polymetals-biggest-shareholder-raises-443-mln-from-4-stake-sale-idUKL8N2GF2K0

This is causing me a bit of a headache as over 50% of portfolio is POLY. I was sat on nice profit before Friday. Trying to work out how much more flooded the market will be, whether I need to sell on Monday and buy back. I now think that it was 19m shares sold, and possibly, the press release to Bloomberg was only part of the sale?. Anyhow, pasting all of the after hours sales in to Excel, and summing the total - as I believe they are all buys - adds up to 12m shares. I am hoping the other 7 got bought during the day on Friday. I therefore hope that this was a once in a blue moon event, and there cant be many more shares left from the sale. Hope the price should start to go north. Obviously some of the buys at under £18 could get sold as we start to rise, but my worry was re-visiting £15 odd and wiping out my profit. I think this is unlikely now as long as the selling stops. I guess were not going to see above £19 soon, but id settle for above £18 toward the end of the week.

Feel free to disagree, interested in opinions.

All guess work by a layperson, not financial advice.

Batterseafish, where did you see this information? thanks

I have not noticed any weakness in my other gold investments, many have increased while this has fallen. In fact its pretty much only this one that is below my entry (not counting 2 very speculative aim specials, which are being very special at the moment.)
I am not worried, I think this will come good. I think the volume is so low, it also discounts a selling theory too. My theory is that 'they want your shares'. I hope I can free up some cash and top up before results.

Great timing from the director who sold yesterday at £19.76. How very fortunate for him.

Possibly rushed in a bit quick, as looks like it will drift a bit lower. maybe 11am will see the false bottom?

Anapa69 There was also news posted yesterday:

Polymetal International PLC on Thursday said a reserve estimate has reaffirmed that the Prognoz deposit in Russia is "one of the best silver development projects globally".

The initial JORC-compliant open-pit ore reserve estimate for the Prognoz deposit comprises 7.9 million tonnes of ore with an average silver grade of 560 grams per tonne containing 142 million ounces of silver, the Russian miner said.

I liquidated more holdings to buy even more POLY at this ridiculous price. Only slight concern is that the artical posted by ragnarlothbrok, does say that this is the firth selling exercise this year, which makes me wonder what do they know, but happy to take a chance. Last time (1 or 2 week ago) it hit 2000s very quickly.

I just doubled my double. Lol

What does that mean? In two minds, as have trading stock and also investment in here. Considering taking a slice.

Still no Dividend from Best invest. I bet they hold the money for a few days.

Finally in profit! Woooohoooo :)

Not in Best Invest yet.

You dont count your money while your sitting at the table. Good day though!