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Nice to see the board well moderated, sick of the war and anti/pro Russian stuff.
Well done Mods.
Pete, I disagree.
Pete said “A split will take at least 12 months and needs banks, sanctions and SWIFT to be working and also a decent market and buyers for it to work”.
This is why there will be no external split. Why would a group, yes a group, Polymetal is not a single entity, it is a group of subsidiaries. Held within quite a large group of support...
Why would they more or less give away wonderful assets which have a wonderful income streams for cents in the dollar while they have debt sitting on balance sheets? Makes no sense to me or anyone else who has a handle on business? Explain to me in terms where we can all get a handle on it?
Just move them off balance, off company balance to the management. With no alliance to the company London Polymetal LSE.
I would argue this though. It would have to be voted through by shareholders, and it could be tight. Some big institutions including Blackrock could be in here for a lot higher price than 400p. But I do think it would encourage buying during the process, the share price could even break and be elevated above 400p before they have a vote, Blackrock and bigger institutions could even take a bigger slice prior to a vote to average down at these ridiculously low prices.
There are a lot of scenarios at work here, but I know for one thing, it cannot be as bad for the SP as it is today bouncing around with a bid sub 200p. That is not pretty.
It would only take an RNS in five minutes time or in a month’s time, and the tide could turn forever. The board knows this; they have a handle on the market now. The odd way they released that RNS last week, the market response, Nesis gave nothing away on Thursday, again the negative sentiment from the market from no update. They know exactly what the market wants, and they can deliver. But at the moment they have the luxury of two years. Yes two years where they can function without interference, and act on the toss of a coin. Put it to shareholders in an RNS to opt for a MBO of Russian assets accompanied with the removal of Russian debt associated to London LSE. You watch this baby soar.
Since Thursdays update, I am surprised the SP is still where it is, thought the market might see what I see, a company which can do the splits if it wants to without going external, but possibly doubling the SP value.
r33skyline............I’m neither bull nor bear; it’s just the update on Thursday revealed everything to me. As a PI we keep banging on about Russian assets and Russian debt, well the market has priced all this at a big fat ZERO, just look at the SP. Why would management fire sale a perfectly good earning asset for cents in the dollar while there is debt attached to all eight assets. Just let the assets work for a living and pay the debt down. It will quicker than you think. Yes we will not benefit as share holders, but the market is holding us, the SP back due to the toxic association. The market will suffer in the long run because it loses a high dividend paying company due to its obviations’, and the management gain at our loss....
So we have in the above scenario detached high Russian debt and toxic assets from the SP, .i.e. London Poly. We have lost no value in assets as the market has them marked at zero already; but we have lost a ton of Russian debt which is pushing down the share price by association.
So now we have a very good Kaz asset, long life, good earnings, low debt, well in essence what should the share price do. Me think it will head to a value reflecting it’s financials without any Russian interference?
While the SP is below 200p, or there about, anybody in here above 400p with spare cash, well get your purse or wallet out and get yourself in below 400p, it’s no brainer. For me 400p is the safe level, above could be reached, and below is relative value.
Big Blue, I would not be so sure of anything. The management have two options now, and they are not selling assets outside the group, end of. If the Russian assets go, well they will remain in group under a different tag. Then Polymetal LSE will go on as normal with only assets outside of Russia. This protects the SP to the upside, as we all know it will at least hit 400p with Kaz assets only.
But should anything good come good from the world, and Russian assets do not need to be separated from Polymetal LSE; I say separated as again as I reiterate they will not be sold outside of group, no need to as they can run the Russian assets and pay down debt even with a Zero value attached. The value attached to Russian assets have no relevance to Polymetal LSE at this time so why worry about them. Russian debt will also go with Russian assets; I bet they are loading up on Russian debt, no brainer, not Kaz.
The management now have a get out clause, so anyone in under 400p will be fine all day long. If you are in above 400p, well get your shillings out and average down otherwise you could be out of pocket.........
Re: I hold no stock at this time, but I am watching.
Don't blame you really fella, there is a lot of f^^king about going on.
Me I would have done the MBO months ago, split it and moved on. The LSE, Johnsons Government; do not deserve such a great company and management on their index, they have treated Poly like dog t*rd.
*0.8 million, 800 million.
Good work Newdealz. Very good work. Now we can see the board have an insurance policy.
They at a guess have been planning a get out clause for all, it’s why the Russian dent has increased as they will be allowed to structure it in such a way where the holders might even be aware of such plans, especially having seen what has happened to POG.
They do not need to make an external sale of any assets should the sh&t hit the fan, they release an RNS of their intentions to transfer the Russian assets in to the managements hands as sole ownership, along with associated Russian structured debt assuming the debt holders are in agreement. I would imagine they would have ticked this box prior to reporting the RNS..
Shareholders vote with a yeh, it could all be done in weeks; the debt is the biggy here.
LSE holders retain a lesser smaller amount of debt, 0.8 million or so; held outside of Russia along with the Kaz assets.
SP at a guess would recover somewhat. The management benefit as the Russian mines pay down the Russian debt and they are left solely with eight assets debt free.
Not great but for anyone in under four quid you get you appraisal.
It’s a bit of a two fingers up to the British Government and the LSE in essence, as they have lost a great company due to their own stupid decisions. I mean there are hardly any Tier One gold miners on the LSE, f%%king idiots the whole establishment..
Easiwynns thanks for that. For me then its a management buyout and the Kaz assets stay on the Moex. The management take on the FULL debt burden and the Russian assets. The Moex and LSE shareholders get Kaz debt free...Kaz debt free would throw up a 30 div and a 450p SP. I could see that getting voted through as LSE and foreign owners on the Moex would own a company with no interest in Russia..
Buckeye, for me its the only option now, Russian shareholders get the Russian assets and the Russian proportion of the debt, that unless the management can afford the debt burden?
LSE holders are left with say a billion of the debt and the Kaz assets, not sure what the market would think of that, whether a billion is too much to lay on the Kaz assets but he was definitely laying the seed so to see what discussion is held on public forums. You can guarantee in the current environment this board will be monitored hence his defensive mode today after some heated discussion's recently.
Newdealz, so you picked up on that, I would agree. Sounds a plausible option.
To sell the Russian assets on the open market would be difficult with all the debt associated to that side of the business. Take the debt get the assets for free, like two for one. So hence the seed he planted today in the web seminar. A management buyout, but he did not go so far in what he meant, why would he, he just wanted to plant a seed which he has.
My thinking is the management or Moex holders take the Russian assets off the LSE holders hands. So we have two different stocks, one on the Moex who owns ONLY Russian assets, and the Russian debt burden, and one on the LSE owning only the kaz assets and the Kaz debt burden. LSE get no payment just debt relief and this is exactly why they have allowed the Russian debt to balloon as a way to help steer the split.
If you are in here above what 4 quid, I am afraid you are out of luck and this could be voted through easily as the majority just want to see some recovery and lets face it the way things are with the debt there is no way this stock is going anywhere soon with the current debt burden. An RNS of some sort could be on the doormat anytime soon.
Newdealz, so you picked up on that, I would agree. Sounds a plausible option.
To sell the Russian assets on the open market would be difficult with all the debt associated to that side of the business. Take the debt get the assets for free, like two for one. So hence the seed he planted today in the web seminar. A management buyout, but he did not go so far in what he meant, why would he, he just wanted to plant a seed which he has.
My thinking is the management or Moex holders take the Russian assets off the LSE holders hands. So we have two different stocks, one on the Moex who owns ONLY Russian assets, and the Russian debt burden, and one on the LSE owning only the kaz assets and the Kaz debt burden. LSE get no payment just debt relief and this is exactly why they have allowed the Russian debt to balloon as a way to help steer the split.
If you are in here above what 4 quid, I am afraid you are out of luck and this could be voted through easily as the majority just want to see some recovery and lets face it the way things are with the debt there is no way this stock is going anywhere soon with the current debt burden. An RNS of some sort could be on the doormat anytime soon.
Chick your too emotional fella. You are obviously over invested, no cash to average down and stuck in here day in day out hoping for a miracle. Ain't happening, the board have screwed you, loading up debt, this just in not going to end well if this carries on. You cannot run a company and use the credit card for its day to day expenses. Sooner or later your bluff is called. Take care Chick, enjoy your day on here, I'm off to play golf, then dinner. See you back in here at 165p very soon......
I'm guessing many in here have never sat on a board, never had a handle on running a company. It's easy to be emotional in here, but this board are slow, words are no good it's actions the market wants. The market wants a good Kaz mine, debt free or low debt, paying an 8% div and you will get your SP of 400p or more. But the market does not want what is currently on offer. If customer relations are reading this board this morning, or any of you guys are going to participate in Q&E later, then raise my points, see what response you get. Otherwise it is a slow drift back down to support of 150 odd pence and to be honest its getting boring now after five long months of pain. I just hope they don't keep loading the debt hoping for the war to end or gold to hit 3000 bucks. If that's the case the board really do believe in Unicorns. That's me done here today, ask questions people, get answers, this thing is real, stop dreaming like the board seem to be...
PI shorts will be all over this now, they took it from 250p to 160p, got burnt on the news Wednesday, but be sure they will be back, price paid is what matters in here, and no one is going to pay 300p while there is 500.11p of debt per share. You are essentially paying today just north of 200p for a company paying no dividend, and assets valued at what in this toxic Russian environment. Russia is finished on the LSE, anything Russian is toxic, Russian money know's this hence what will be paid for the eight, yes eight Russian mines. Me I would give them away as long as they took the Russian debt. Give the mines away board, and make sure they take the debt asap, otherwise there will be no company to rescue
Where have I said sell, not motioned once, I would ask the board be sacked, they are incompetent. Read my posts weeks back when I was laughed at. I said sell the Russian assets asap, focus on the Kaz mine, get rid of debt, sell the Russian mines. Now they read my post and have spoken but months way to late. They have had five months to act, and all they do is release little RNS notes, useless incompetent board, sack the lot and get someone who will do something and relieve the pressure on the share price because it is under huge pressure now I can tell you. It is an embarrassment. The SP.
Really? Mkt cap what a billion, company debt touching 3 billion. Any issues they chap?
It was high at 1.9 billion, went to 2.3 though ummm, that's it topped. Jeez they are like a kiddy in a sweet shop with mums credit card. What next 3.3 billion come September, no divvy, the war rages on, no one wants Russian mines, and we are still ramping for four quid.
I am just quoting the numbers, they cannot lie chap.
You many laugh, but the bid just dropped below 200p, the bid speaks for what the market thought of that debt exposure sonny. The market very rarely gets it wrong, I'll wait for 165p again, went out Wednesday at 2.35p, easy decision. No div this year, they have to get that debt down, QUICK!
Probably in auction fella, big sells going through before we head sub 200p.
$6.131 of debt per share, ouch, £5.11 of debt per share, this ain't going anywhere.
The board have sat on their hands for five months, yep we will pay the divvy, all is good.
They better either spilt or sell the Rusky mines fast before the company has a market cap under 500 million.
Then no divvy, debt is way to high now, the market will not like all this, it is no wonder they released that RNS on Wednesday, try and sugar boost the SP before today.
Sad to see this happen to a once great company, but the debt is way to high and it is growing exponentially. Good luck all, you will need it
So you been loading up in here then Newdealz, like you said you would sub 175p. Selling the family silver, selling other stocks, using up that line of credit you mentioned.
I bet you ain't because you know what's going on in here now don't you. Not ramping so much lately hey fella?
If the board do not pull a rabbit out of their @rses on Thursday this thing could tip over badly. I have said it before they need to split asap or face the consequences and resign so to let someone with the balls to do what's right for the shareholders.
The market cap is an embarrassment to the board, I wonder what the old board would have done maybe something rather than nothing, this board are very quiet, they have had their orders and they are going to let the Russian assets stay in Russian hands. I just hope they do not load up the debt on the Kaz side and split it. LSE holders will be left holding a big turd and to be honest you have had the warnings from all and sundry.
I get the impression now the board are not concerned about the SP on the LSE, more so doing what they are told by who, I do not know but it does not look good in here the Friday before a big update. Would have thought if a sniff of anything positive they would have lifted this above two quid at least but no here we are at sub 160p.
I had 30k shares in here at 160p, let them all go at 225p thank god, should have sold at 275p. That was a sensible option, and I took it. I do not like the trend in here, there seems to be no support just a drift down. It's fine saying oh but its tucked away, I am a long term holder, I bet some POIG holders were saying the same. I know this is not POG, but it's a Russian company, with Russian assets, and the market does not like that and the market will do what it is told to do. Have a great weekend, it will be a long one for many one here I bet.
A very subdued RNS; I see a board who have no ambition in supporting capital growth in the share price in the near term. This appointed board have changed direction.....
Look at the bigger picture.
You cannot buy this stock on leverage, anywhere, that’s if you manage to grab any at all.
Brokers are doing their damnist to restrict buying by private investors. Scare tatics....
No Dividend this year by the looks of things. Well well well; and they were saying back in April all is fine and the dividend is sat in a Cyprus bank and will be paid in full in May.
Increasing debt and the procurement of parts and equipment, using capital.
Big PI holdings in here, maybe even a stock liquidity issue with trading this stock as you would think buy backs at this level would be the norm? But like the board state, buy backs would cause liquidity issues, well I think we are there already at this level, hence the wide spreads at times.
No director buys, the boards seem subdued even though the sp is on its ass.
All very well constructed to paint a picture and control the market cap under a certain level.
This is a long term hold, if you have cash at these levels buy as many as you can and forget about them. It’s not a trade play. I’m in at 30k shares at £48k. If she dips below my average I’ll go in again with another 30k shares. Some on here hold 30k shares and paid north of £350k.
No brainer at these levels, best buy out there. But you have to see the real bigger picture in here.
Funny how Blackrock are still holding at much higher levels. Something just does not add up in here, it smells of shenanigans at play.