Member Info for downbutnotout

in auction i think

240s support

at least I am in now.

bought some at 2.70! might go lower still.

£2.65 indicated price in auction.

looks to be heading under £3

auction

why? dividend getting stopped?

no problem getting a buy quote on ii

BIG 100,000 sell just went through.

POG down 12%. POLY holding up quite well.

30s mins trading over. now they take it down.

its in the red. trend still down.

this could head lower to c.£3 to back to £4 today. hard to call. could even drop below 3 heading towards 2.

I always understood it was metaphorically speaking. I guess you are right though.

today was set to be a weak(ish) open. FTSE futures were down 0.5% but US futures are up a little i think.

buy when there is blood on the streets. takes a new meaning now.

(1) Norway’s sovereign wealth fund, one of Polymetal's top 10 shareholders, has said it will dump all of its Russian investments.
(2) POLY could decide not to make the dividend payment (75c?) and preserve cash in light of heightened market volatility.
(3) The London Bullion Market Association has revoked the membership of three Russian banks — Otkritie, VTB and Sovcombank.
(4) POLY needs to refinance a bond in November in which roughly $300mn of principal is outstanding.
(5) Polymetal ended 2021 with net debt of $1.65bn. Almost 40% of its debt is with European banks and if it is forced to refinance that debt domestically or with Chinese banks it is likely to face higher rate of interest.

As part of the proposed restructuring, the Company will be making efforts to restore trading in its Ordinary Shares although there is no certainty that this will be achieved. It is important to note that the Company is planning so that it will not be reliant on the support of Lekoil Nigeria for any unsuspension to occur.

in auction