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So how hard would it be for a few HNWs behind more esoteric entities to acquire a controlling interest in POG at current share price? Probably chump change at the minute.

US is very busy trying to sell arms to India to displace Russian equipment and Turkey. Same old story unfortunately but yes, wherever there's a war, there's the US.

Allied to the below, there's precious little the US/UK/EU can do to stop or trace sales of bullion in any case and as we know, there are plenty of willing buyers in Asia. I agree with comments in MarketWatch, that selling CB bullion reserves would be a) likely unnecessary anyway and b) a sign of weakness. Each to their own but this will get sorted out. Gold mines pour gold every few days and store in the gold room before a scheduled transit takes it to the refinery. It's not a daily sausage machine.

I'll take another chunk later. POG isn't sanctioned. State banks and individuals are. Was slightly surprised this GPM news was, in fact 'news' to POG. But alas there are lots of Russian banks that will step in to enable the transactions but will just need the admin sorting. Gold dore is produced from a mine. It's the processed bullion that these latest sanctions are trying to prevent the Russian CB liquidating - but there's little evidence of that anyway since Russia is still selling gas to Europe and oil to India and China etc. Having spoken to POG, yes its a pain (which they've been through back in 2014/15) but there's a workaround and main concern is an opportunist buying up the stock at current price to take private.

Lots of Russian banks holding lots of POG cash and that can take GPMs place.

Nathan90 put it best this morning in reference to those that sold this morning and fret about the future.

Look at Polymetal.

POG is very busy sorting this out.

Biggest risk is a cheap bid to take this private, always has been.

sorry this part by Brien Lundin!

Gold can be an ‘untrackable store of value’

“Any sanctions on Russia’s gold reserves would do little more than reveal the degree to which government bureaucrats don’t understand gold,” Brien Lundin, editor of Gold Newsletter, told MarketWatch. “The beauty of gold, unlike currencies, is that it is an untrackable store of value that has no counterparty,” he said.

“At least in smaller amounts, Russia could easily sell gold on the open market,” he said. “In bulk quantities, it could just as easily sell the gold to China with no record of the transaction,” Lundin said, adding that China has demonstrated that it is an “eager buyer of gold.”

He believes the end result of the gold-related actions would be to “alert the 36 countries who hold significant portions of their gold reserves in the values of the New York Federal Reserve that they should take their gold back as soon as possible.”

If that happened, that would “create significant turmoil in the gold market since the [Federal Reserve] has demonstrated difficulty in actually finding and transporting the gold held for other nations,” Lundin said. The Fed famously told Germany it would take seven years to repatriate just a portion of their holdings, though it took only four years, he said.

Anyone else enjoying seeing price to buy 0.10p cheaper than to sell.

I'll take another chunk of these later. I fully expect it to be NT to buy as usual. All more than over priced in last week frankly so don't get too excited by today's RNS.

India's large refiners are placing multiple orders for Russian crude now. These sanctions are not imposed by UN. Alternative will be found no doubt.

Suddenly the sharper tools among us have noticed the company has borrowings. No reason in this gold and rouble price environment that isn't paid down faster. Gold is going over $2,000. Pre-war and border tension prices and then 20p+ once this settles down and market regains confidence in operating performance and macro risk. Alas, POG will soon get bought if it remains mispriced.

Right well you'll remember the UK sold most of it'd gold sub $500 as Gordon Brown had some bills to pay.

There's a big world out there. This sanctions fit has large parts of it taking active steps to reduce dependency on US/European financial systems. Previously stalled or shelved partnerships are taking shape - Assads visit to UAE, China landing in Afghan and speaking at OIC, new payment systems outside SWIFT, use of non-USD with peg to yuan between Russia, India, China, Saudi and Iran.

If the west isn't careful and I believe the damage is done, it'll end up isolating and undermining itself medium/long term on top of plunging itself into recession this year.

Signs the manipulation is losing its grip and volume is winning out. As time progresses and there's a way to go, all range of investor will return in greater numbers and one way or the other, the share price will re-value more globally recognisable benchmark.

When US is satisfied enough of Ukr is destroyed.

135 shares just got dropped in at 1.80p - literally £2.43s worth to compress the spread but immediately taken out by A trade. Jokers.

1.92p paid for £2.5k so what this spread is about is anyone's guess.

Bit of Reddit camaraderie ;)

Published spread meaningless now
15:44:06 1.85 424,589 7,855 A
15:44:06 1.85 75,411 1,395 A
15:44:01 1.884 422,199 7,954 O
15:43:06 1.885 158,045 2,979

Algo dropping in tiny amounts of shares to defend 1.85p
1.85 75,411 15:40
1.85 13,684 15:40

L2 pop:
1.85p 75,411 15:36
2.1p 100,000 14:54
2.2p 25,000 12:43
2.4p 25,000 12:43
2.6p 100,000 07:53