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So a grown up would read the content. You've concluded, slightly childishly its a so called "deramp". Others might say, that's might be useful now lets change the subject instead of going on about MF.

Really. Did you not read the conversation beforehand? "Deramp". Playground.

If the war continues then in or by Q3, I would be concerned about this risk but not today. Public markets are for access to capital and allows markets to discover the price of a company. If the direction of travel was thus, the company would simply put the "for sale" sign up.

I don't see it being a huge deal. A big optical and political win for Putin but practically, there's not much in the way of forcing a wholesale change in sanctions currently applied. Now if these transactions take place relatively smoothly, once its up and running, how long before grains including wheat switch and every other commodity export to undermine the dollar?

Strike, yes its good news but possibly for different reasons. This is specifically Gazprombank for EU gas purchases - which was unsanctioned for the EUs benefit ie it needs Russia's gas - and the currency used. Putin has basically said you're paying me in useless currencies that I can mainly only spend propping up my own, so now you'll now do that for me. You'll change your currency trader to GPM and deposit your EUR/USD in GPM accounts across the EU and they'll buy you RUB, which you'll then spend buying my gas. So suddenly its my currency that enjoys demand. Moscow is looking at this across other commodities including wheat and metals, which'll create more demand for its currency. For POG, the issue is UK sanctions on GPM and gold doesn't enjoy a carve-out. I believe the most noteworthy result of today's move is that the RUB could hold value without Central Bank support, which should surely force a change by the LSE.

Interesting. Because the LSE has clearly taken a position that it won't respect the MOEX POG share price because it considers the RUB artificially inflated / overvalued as the Central Bank has been using foreign currency derived from gas / oil sales to support the RUB. This switch means the Central Bank could end its currency support operation and the RUB holds or appreciates in value in world markets. The LSE should be forced to recognise the massive share price gap between the two stock listings of POG in London vs Moscow. The other advantage to Moscow is that funds are available for other uses - such as extending the military campaign - instead of being pumped into buying its own currency. This should also help Western warmongers understand there's no value to egging on Mr Z to see more of his country destroyed.

WSJ report yesterday - copying part not behind paywall:

Canadian miner Kinross Gold Corp. is in exclusive talks to sell its giant Arctic Russian mine to Fortiana Holdings Limited, according to people familiar with the matter, a deal that—if consummated—could mark the first sale of an asset a Western company is leaving behind in Russia.

Fortiana is a Russian-backed investment firm with interests in gold mining assets.
- - - - -

For those on the ball, currenr POG CEO and some of the top team sold Highland Gold to Fortiana recently for over £1bn. Going private is one way right now to become very sanction proof.

Near term catalysts are there. When the global recession hits, everything sells off even gold as IIs need to liquidate that too to cover margin calls elsewhere. That's gold fulfilling its purpose as the only asset IIs have that holds its worth. Once that initial sell off is done, gold will - in this pending hyper inflation and/or recession scenario - be the only place cash wants to take cover. The gold price and then gold equities then break new records.

L2 Ask looking thin, bit of pressure now moves SP fast.

A day back with the leadership inbetween, then back to negotiations and hopefully an end on the weekend.

SH, they have option. Indian banks, Chinese banks. I don't see a block to these either. The guys are working on it and the strong relationship between POG and GPM I am confident will yield a solution. Today's RNS could've read very differently if GPM had decided to play hardball. If a smaller (still sizeable but relative to GPM or VTB) local bank got involved, I expect there's a few with capacity to take on POG. An external country bank would be more sanction proof if BJ has anymore ideas to deflect attention and feel involved. Here's where de-escalation and an end to the conflict helps, it'll certainly put the brakes on and present a case of rolling back.

As much progress as you could possibly hope for in two days.

Re US/UK/EU getting involved, Lavrov said ahead of the talks they were no longer trusted over many years of duplicity and hence it would only deal with partners such as Turkey. So indeed, we see the usual humpty dumpties that wanted nothing more than for this war to perpetuate jumping up and down, 1000s of miles away like prize 1 plebs. Trouble is, Biden, BJ and the rest of fragglerock are left sitting at home by the 'pump more weapons / sanctions / inflation / hot air machine'. I won't be the only one thinking, if Biden's crew had stayed out of Mr Zs ear and this so-called "shuttle diplomacy" (which Lavrov also said he'd had enough of) had been called out for the farce it was, whatever is agreed in the settlement could easily have been done without a bullet being fired or half the country being destroyed. Absolute madness.

De-escalation is happening. The word 'compromise' used, even 'optimistic'. Ignore the nutters, they just need attention and feel important. Like Trump said, Biden doesn't even know where he is - there's now 3 gaffs his team has had to row back on in as many days. He's sprinting ahead of BJ. Polish PM's out stating the Russians are simply re-positioning for another assault - of course his efforts to spark WWIII aren't going to plan.

For the stock tomorrow, I saw an incredible amount of volume that moved through the 3.5 - high 4s. It took out sellers with an iron fist and even captured a few shorters for good measure who still think the war needs to end and sanctions lifted before POG can sell its gold and make loan payments. Alas, a ceasefire is most needed but not for or because of POG. A ceasefire, settlement and withdrawal will no doubt be an equally important accelerant to the share price however. I maintain there's a more powerful, determined buyer or two taking the opportunity to accumulate for its own M&A related agenda - not ideal for POG management who are acutely aware of the threat but unlikely to know for sure until they see the updated share register data.

End of the day, you only get involved in a stock like POG if you are made of tougher stuff. Bonds and mega caps are for another breed of investor.

Russia for a "debt deal" when there's dozens of smaller banks in country that will a) be the non sanctioned intermediary to sell gold onto the CB and b) take on the debt from GPM? Don't understand that one.

I am given to believe it is very attractive vs peers given relationship with GPM.

enjoyed today. attracted some new IDs though disappointingly often the same people that've gone from "ramper" to "deramper". always amazes me how low market players will go to make money at the expense of others. POG will move on to new levels on achieving diplomatic settlement and perhaps more so on sorting out the GPM inconvenience. Buyer(s) just timing their accumulation and today provided rich pickings.

They refinanced in 2021 with a new interest rate that wasn't made public and I know for fact its far superior to your estimate.

DYOR, as you have suggested you will.

and where did you get this figure in the public domain, roughly?

thank you - market needs you guys to tap out early. very healthy for the stock.

do you know what the interest rates are on POGs debt?

Not bad and I reckon CT and his alter egos are in for kicking tomorrow RNS or not.