Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have, as much, if not more than anyone else on this sight, discouraged the pointless war chat and ridiculous conspiracies (we certainly do have a few nutcases and the filter list continues to grow).
I do however feel that now is an inflection point at which some comment on the overall situation is merited.
Obviously, the geopolitical situation (a phrase that encompasses a panacea of variables), is intrinsically linked to the company’s prospects and caused the 90% share price drop. My argument on this board has been that arguing about the fortunes of war, when so unpredictable is futile and it’s better to concentrate on the realities of the company as faced in the current environment, rather than endless hypotheticals.
I’d say it’s hard to argue that the company have not been impressive in their adaptability and resilience during this period, finding new buyers for the Russian gold and navigating sanctions, particularly in relation to debt. Furthermore, we have seen further tailwinds recently with the price of gold and depreciation of the Ruble (which Nesis himself said was the first thing he checks when he wakes up in the morning). However, all these things relate to fundamentals, and I think that we can all agree that it was not fundamentals that caused the 90% price drop, so there must be something more at play here. I know that today was only a 10% rise, but it was not random and it was not fundamentals, and in my opinion there is more to come.
It may not be on Monday or even this month but I feel with great conviction that the direction of travel is set (and I’m sorry Russskyline, but it has nothing to do with candles).
It is a tad ironic: we are all invested here, all bang on about how ridiculously undervalued it is; yet when it rises 10%, we’re scratching our heads as to why…
I think this share will ruin investing for me for life.
Buying Poly at 150 will forever be my reference for a ‘good investment’.
Once in a lifetime.
Ummm what’s going on?
I’ve just spent 5 minutes catching up on this page and barring a few green boxes it was all relevant, interesting and informed Poly chat, with no war talk, insults or conspiracies. Should I be worried?
It’s worth remembering that those who repeatedly predict a doomsday scenario for Poly on this board, aren’t actually providing a public service, and don’t give a **** whether you lose/make money here or not.
I could sell now at 40k profit. But it’s highly feasible that within a few years I’ll be bringing in 25k/year in dividends. I’m not sure what price would tempt me to cash in, but it definitely isn’t below £7.
I’m calling £3 today… not that I really care as I’m not selling.
Very much so Atrades! Looking forward to the day when we can speculate about the size of the dividends rather than conspiracy theories and military doctrine.
Stop second guessing this you morons. The share price will move and then news will break. Not the other way round. You really think it’s so easy to make money? ‘I’ll wait for peace and then buy in’ lol!
As the Mamas and the Papas so eloquently put it: Monday Monday… so good to me :)
The share price here will inform you of any breakthrough in talks way before any news outlet. Don’t be naive, insider information makes the world go round.
I’ll enjoy being another 8k up this morning, but for now, it’s just numbers on a screen. The long term dividend is the real prize here.
Even by the exceptionally low standards of this board. Today’s ‘analysis’ is a new low.
It’s safe to assume that Nesis had no idea what Putin’s plans where when he decided where to domicile and list Poly. He will have made his decisions based on what he thought was most advantageous to his company.
U.K. shareholders have not been swindled, they have all, like Nesis, been caught up in a horrific series of events. The idea that we should not let foreign based companies list on the LSE is perverse and small minded.
Sometimes this board makes me wander if an apocalyptic nuclear war wouldn’t be such a bad thing. If only nuclear radiation only affected nutcases and idiots.
I understand those concerns, however realistic they are. It’s a vastly complex issue.
I, (I suspect like many) got in below the current price hoping for a quick buck or 2. As this has dragged on and my understanding of the company and its plans have increased my objectives have changed.
Rather than an end of sanctions and a multi bag scenario, I know view as much more realistic, possibly even likely, that I will hold and accumulate a very healthy number of shares in a Kazakh mining company that’s market cap and share price are far below the previous Poly highs, but will turn very nice profits and pay me a very generous dividend.
Now it depends on your age and number of shares held, but that prospect makes me feel warm and fuzzy.
Drainage ditches, now there’s an investment opportunity I could really buy into!
The only potential red flag that I heard from the investor call was the answer to the question regarding sanctions affecting the repayment of debt.
Nesis said that he ‘believes’ that Poly will be able to repay 2023 debts in compliance with the sanctions. This may have spooked some and may be the reason for the lack of upward movement. Personally I believe this was just Nesis using typically understated language.
Yes it is a bit of a silly question. Gold has not been legal tender for quite some time. The gold must be sold, which has been the issue this year
Can’t…. stop….. buying…..more
I’ll get up to a £2 average if I’m not careful.
In all seriousness, I don’t get it. We’ve survived the post invasion purge, we’ve shown that we can setup new sales channels for the Russian gold, the debt is stable and set to reduce and there is the prospect of a dividend on the horizon. That’s a lot of upside in my eyes.
I’ve been out of Saietta for a while. Shocked by the current price. I’ve just been reading about the future projects and shift in business model. The fund raise is not a surprise. All in all there seems a tremendous upside potential, but with the obvious risks of the new ventures not going to plan. Definitely tempted to take a punt here, but can’t shake the feeling that a market wide financial apocalypse is on the horizon. Sadly, this will probably still be a bargain a year from now, which doesn’t incentivise buying.
No nasty surprises, will try to add on any dips. Roll on Poly!
Well I didn’t get my order filled today @ 205. Both good and bad news for me simultaneously. This pesky spread is quite irksome.