Member Info for Dingo1

I think rules are different if you are inside EU versus UK

Chique, thanks for info. looking at this option.

Don't think HL will help so this looks like any help at all. At least other Broker took action on paper cert. Will register as per Board recommendation so I can receive Divi (which will I am sure come) or if I have AIX broker.

Not sure about the Russian part assuming goes through

I held shares via 2 brokers. Raised complaint via HL as just spoke with them and who refused point blank to issue Share Certs and No reference to being able to trade via AIX with them. The other broker account have requested paper certs but could not guarantee transfer to AIX broker account in time. At delisting they will conduct a bulk sale hence my request as want this for the dividend. Guess i will now have to wait for paper certs and outcome of vote but think this is a forgone conclusion. Will try to open an AIX account in preparation but similar to others it looks like one of those recommended does not apply to UK citizens

Can someone just remind me. In terms of the new listing:
- If I recall it requires 75%
- Has anyone done the calculation on likelihood of success e.g if not favoured by Black rock with C 10% plus other Western II, then it would not take that many others to block
- If therefore to be successful my take is they will need a resolution on listing / trading options to get this passed

Would welcome others input

Scenario - Split / Kaz a side show. I think given the eventual Ukr outcome, Reparations & Near / medium term environment for Russia related business I see this as significantly likely. Management wants to protect / unlock the value

Debt - With level of cash / FCF ....I cannot see why scope for Divi as mentioned. re Q3/early Q4. This will also restore share value. Just need to make sure mechanics & likewise trading as UK shareholder

LSE listing - I do not see this being maintained initially given all the other challenges

This looks like a monitoring position until we get toward H2 as in for the longer haul to pull value

It looks like with the level of debt 70% Russia / 30% Kaz, cash split of $600m at 50/50 & management going to Kaz listing it looks like the balance of value will be in Kaz ?.

With the update on listing preferences I wonder if we will be seeing exits from Blackrock et al . First time I have listened into the Management Team. They certainly seem to have a good grasp on the business and details on operation.

If I recall Petro was selling gold to the Central Bank in Russia and Debt funding from Gazprom so not sure circumstances the same re sanctions, but risk does apply with any Russian asset.

Thanks Westy. Thought there may be more upside on selling price achievement /fx. Thanks for clarification re Divi.

Just looked again at H1 deck. It will be for me a bit of a miss if with Stock overhang & expected FCF if Debt is not back around 2bn. This will also support future Divi.

Invested here for the longer term and will only divest a few when it hits £7.50 / £8+ and recover original cost via top slicing leaving the majority for free and paying a nice ongoing divi. Just wish I had weighted more on Poly v EVR. GLTA

Interested to clarify for update on Wed , but this is how I see it:
Downside:
- Risk of sanctions - Must be significant lower than last year given none yet, shareholder mix (also significant funds still in e.g Black rock), not beholden to Russian CB and nature (i.e not like EVR / Steel... which can be potentially associated to war)
- Supply chain and markets - Substantially resolved via good management
- Russian assets - potential for fallback plan of split

Upside:
- Gold price & therefore improving margin
- Potential to restore strong future dividends
- Production on track & potential future production coming on stream
- Debt reduction support by Fx
- Positive closing cash position from stock build up now benefitting from improving Gold prices

Assuming the upsides are evident I cannot see how this stays at current Market Cap IMHO.

Am I missing any key points here ?.

Even based Net Asset value this share is most likely at current prices well below NAV. With a strong trading update next week and trend on Gold / margin plus potential future cash / divi opportunity if price is £3.50 or £3.30 is missing the bigger picture. I have slowly topped up at various points and even medium term value is £7/£8 with a C 80p annual divi stream imo. DYOR & GLTA

Strange that Aleksey Ivanov is remaining as CEO but being replaced as a Board Director. No quite "normal practice " for a CEO not to be a Board Director unless he wants and out for future developments !

We are not currently delisted but suspended and sanctioned if I understand.

There must be outside of small PI a number of other larger investors still in here. Therefore are they just going to accept this in the long run ?. If we all looked carefully across the integrated extended Global supply chain i suspect there will be 100's of companies that have supplied Russia which indirectly impacts the war. Clothes the army wears, food they eat, mobile phones. no different from railways lines !. Railway lines not exclusive for Military purposes... I am fully supportive of Ukraines rights but this is simply madness

600LT, what if there are profits generated outside Russia e.g in U.S plant which has been licensed outside of sanctions. Can they pay a dividend ?

I have topped up here in my ISA as this is too attractive at this price / risk to not do so. It looks like unless a further major Geo shock this is at bottom. Only requires one or two upside events to go and many possibilities here. If you are not in you will miss it as an individual investor as buy orders will be difficult. I like may am also into EVR. Will now sit out summer and wait and watch

Does this affect ability to appoint credible audit firm for a FTSE Co.

In a move outside the EU sanctions we have been hearing about today, Russia has been banned from using British management consulting, accounting and PR services in changes announced by the UK.

Reference BBC

Take a look at PSN BB but not on their Divi. SP is due to a number of factors.