Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I was kicking myself last week for selling off 80% of my position from 280 - 340 but fortunately it turns out it was the correct decision, I'll be buying back some shares below 230 if possible, my limit orders from 220 - 230 have not executed this morning despite the price showing as low as 217. I don't think the overall risks have increased or decreased significantly over the last couple of months.
Very good news on cash flows / optimistic scenario of rednction in net debt to £2bn by end of Q4 and strong positive cashflow to continue through Q1. Also sounds like they are making some progress on the technicalities surrounding resumption of the dividend in 2023.
I think you are likely correct John - also to be considered is that Poltava has a very low proportion of Russian speakers, and is therefore less likely to be considered a priority target.
Just filter big blue and anyone else that clogs up the board with nonsense, makes for much more pallatable reading.
Great news seeing the auditor now in place, debt levels increasing in line with previously outlined estimates due to working capital movements. All that is required now is patience.
@robbren58 - fundamentals of the company, present cash flows and % chances of improvement on current sub-par performance, current yield, growth prospects, geopolitical situation & stability of the gold price at current levels. Don't forget we had a takeover possibility at significantly more than the current price within the last 2 years. Good to see the management investing into the company now as well.
Not sure what is reckless about a dividend when there is plenty of cash flow to fund it - it would be more reckless to invest back into the assets given the geopolitical situation, and very little purpose in leaving excess cash on the balance sheet.
Cey is starting to look like very good value . Topping up as much as I can right now while it stays below 85.
Any reason for the surge in price after 16:00?
Thanks Chippyjo
Someone linked a few weeks ago to a dividend calculator based on current yields, which you could enter your share count into to show your projected dividend value - does anyone have that link? I know I can just calculate it, but it was a nice tool.
Good buying opportunity here.
What the hell has global warming got to do with Polymetal? Please stop spamming the board with this nonsense.
Glad to get another buying opportunity here - back to £1.50 please?
https://www.rt.com/russia/553495-operation-ukraine-end-days-kremlin/
Payments won't come due until May anyway.
Nice to be firmly back in the black but I am missing being able to buy so many shares at bargain prices, didn't get the dip I wanted to carry on accumulating!!
"Britain could lift sanctions crippling Russia if Vladimir Putin withdraws from Ukraine and commits to "no further aggression", Liz Truss has said.
In an interview with The Telegraph, the Foreign Secretary set out a blueprint for the so-called "off ramp" that the Russian president could be offered to halt his assault on Ukraine.
Ms Truss - who revealed that she has established a "negotiations unit" in the Foreign Office to aid future peace talks - said sanctions on Russian banks, firms and oligarchs could be lifted in the event of "a full ceasefire and withdrawal".
Putin would also have to agree to refrain from future military aggression, with the threat of "snapback sanctions" which could instantly be slapped back onto Russia.
Ms Truss' intervention is the first official confirmation that Britain could lift its sweeping sanctions as part of a peace settlement between Russia and Ukraine.
It marks a shift from earlier remarks in which the Foreign Secretary said she could not see a situation in which Roman Abramovich, the most prominent of the sanctioned oligarchs, would be allowed to come to the UK again.
Her latest comments chime with remarks by Antony Blinken, the US secretary of state, who said that US sanctions against Russia were “not designed to be permanent” and could “go away” if Moscow changes its behaviour."
DC, CT - it is all about risk vs reward. What is the % chance of total loss? What is the % chance & degree of any partial loss? What is the % chance of stagnation and for what period of time? What is the % chance & degree of the upside? I don't think anyone is treating this as a low risk investment - it is a balance of risk vs reward - and from that perspective I and many others believe there is a high probability of this being a very sound investment, despite the variety of clear risks.
CT - you can write off the value of the Russian assets completely and the company is still significantly undervalued. From a risk/reward perspective it's very difficult to go wrong here.
Hoping the price will dip again before this is over so I can continue accumulating more cheap shares.
ex-div 5th May