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Got most of my investment out at 1700 post dividend . Having been frustrated with this share over 10 months I now intend to trade it due to low costs per trade . Bought some this morning at 1637 . Good share to trade I reckon .
Sorry to hear Ade , you have to have tremendous patience to hold this share , I’ve read your posts with interest . I’m still holding , I may as well wait for the divi , it’s not great I admit , especially when you see copper miners such as Freeport increasing 8x from the March 2020 lows . Good luck .
Feels as though there is now is disconnect between the Poly SP and the price of gold . Its being driven lower despite gold stabilizing . Its my biggest position with 16,000 shares and I’m well underwater. I hope Poly not being up to sell at a discount as per Highland.
Yes agreed Ade , I’ve averaged down and down from 2000p , 60k in the red , no choice but to hold for the dividend now . Damn , how did I get here , thanks.
Thanks Ade , agreed. , the projected dividend must be close to 7% with the share price at these levels , they don’t pay it till the end of May though I believe.
JTS13 , terrific post , I am buying poly on the way down to bring my average down to now 1690 . The trouble is by doing so the portfolio value is now 75% poly .
Thanks Barny, I have a high average price in poly as I bought in initially at over 20 , missed a couple of moments to get out with my shirt , used the drop to 16 to bring my average down to 1775 . I’ll wait for the dividends in March now.
Thanks Sasa , appreciated, I’m on the verge of taking out the tax free lump sum from my pension SIPP so hoping for a little bounce. Thanks.
Appreciate that , I hold 12000 shares at a 8% loss currently, average of 17.90 . Looking enviously at PUR .
Thanks.
Great timing , you got your dip and some!
Well done on 1750 , I’ve averaged down from 2050 but this one never seems to bottom and continues to fall , surprising when Fres was up yesterday , I’m currently down 12%. The production numbers were good as per the recent update. I can’t afford to convert into cash at 1640.
Hi gwm, JH picked Shanta at 10p about a year ago , she likes her gold miners.
Thanks for the reassuring post Sotolo , I’m relatively new to investing , the centamin drop today was unexpected so decided to take some off table for both this and poly to levels I feel ok with . I am left with 25000 shares in Hoc and will hold. The comments on the chat board are in the main excellent, thanks.
Polymetal sp also got hammered this week.
Down from 2050 to 1765 .
No I don’t understand why poly is moving down but that’s not unusual for me with my limited knowledge , Fres is up 4% which is concerning , the other board refers to a large poly shareholder who Sold part of their holdings Recently and the MM are concerned if they push the price up again the large shareholder will sell another chunk .