GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
I asked what would happen to my holding of Poly decide to leave LSE for AIX I would like ultimately to hold on to the stock as it is still a good investment and a high yield dividend.
Reply
It’s too soon to say I’m afraid until the company make their detailed plans known we are not on a position to say how we will respond to those plans. As soon as we are able to do so we will issue a corporate action notice about this, but at present there just isn’t enough concrete information to be able to do that
So Atleast they are open to keeping the stock if possible I was expecting you will have to sell it etc it is in a SIPP so I don’t know how I would move the holding anyway would be difficult
GLA
This should be RNSd … where are my seat buckles, get ready all I think we about to fly again …
need to get to 1.3p before I can breathe
GLA
Wow just seen on my bar 105 up I’m stil 57% down so loooooong way to go yet
GLA
Is it ?
No vote nothing done deal ?
Best get on the blower to ii
Small holding here was trying to free funds to add and try and get to 500k but alas too slow. I’m hoping we actually get a massive offer and sell TBH save us dilution etc
GLA
So I asked so primarily a connection or link to LSE is necessary perhaps GDR?
just received the reply
That's a possibility, they could also possibly keep a secondary listing in the UK and move the primary listing to the AIX, although whether that would meet the rules the Russians have in place around "friendly" jurisdictions would presumably impact that. All the company have announced so far is as follows; the lack of detail is why we can't really answer any questions about this at present.
UPDATE ON THE POTENTIAL MODIFICATION OF ASSET HOLDING STRUCTURE
As previously announced, the Company has continued to evaluate all available options to modify its asset holding structure in order to maximise shareholder value.
Further to the announcement on 22 September 2022, the Company has progressed the evaluation of a potential re-domiciliation of the parent company, Polymetal International plc, to jurisdiction deemed to be “friendly” by the Russian Federation, a move which could unblock the ability to execute further corporate actions.
Based on the initial analysis, the Company are of the view that a re-domiciliation into the Astana International Financial Centre (AIFC), a financial hub in Astana, Kazakhstan, is the preferred jurisdiction, taking into account the Group’s significant operations and presence in the region, the AIFC legal system, tax regime and the ability to execute such a re-domiciliation.
Should the Company proceed with a re-domiciliation to the AIFC, The Company’s primary listing may move to AIX where its Ordinary Shares will be traded with the new ISIN. The Company will look to ensure continuous liquidity of trading.
The evaluation of the re-domiciliation process continues to be ongoing and will, in any event, be subject to a number of conditions. No decision has been made in relation to the various options available to the Company. There can therefore be no certainty that the Company will proceed with, or ultimately complete, a re-domiciliation nor any certainty as to which jurisdiction would be ultimately selected were it to proceed.
The Company confirms that any actions will be compliant with all applicable international sanctions, counter-sanctions and regulatory requirements
Sorry it’s so long just copied n pasted
GLA
Agreed jack
Well worth a read
You see why they management lost there composure imo must be so frustrating for them as they stand to be affected also and they have the ball ache of trying to navigate this **** storm
GLA
@pete
Thank you will have a look
GLA
I was so excited to see the push and leaderboard yesterday and am so today but then I temper I am still nearly 70% down on this will I see daylight not sure
GLA
Polymetal have provided very little information about their plans so far, beyond what was released in their recent notice to the stock exchange. Therefore we’re not in a position to provide much information to customers about this will impact them. However, what we can say for certain is that we do not facilitate trading on the AIX and have no plans to do so.
So I hold 24k in a II SIPP, will need some clarity soon I guess.
Such a shame that western governments have screwed this up so much and they’re respective populations.
Really wanted to hold this long term but Atleast now I know it will have to be some form of LSE orientated solution
GLA
Thank you westy you sir are steadying the ship much appreciated
It’s gut wrenching to see this was covering my POG and EVR loss to now barely covering EVR
Back to work you guys have a good one
Thank you to the genuine holders for your input
Ty PJ
I have read and do understand we are not moving immediately or there may not be a move as of yet I am a long term thinker if there is a chance that the suggested exchange will not be supported by HMRC then I knw I need to find the opportune moment to move my sipp holding out of poly I still hold and wish to continue to do so all well and good company doing and well and making profit but no good to me if HMRC don’t support the exchange.
I have been burned with POG that was a silly mistake I was due to sell but got caught out will try and not make that mistake again
Stupid HMRC and government all they have really done is screw over shareholders the most putin must be loving this uk government has actually screwed over its own population and futures to come
GLA
I hold 24k in a II sipp so moving to that exchange seems worrying ? Does it seem it is HMRC compliant then ? Should be able to trade and receive divs as normal with tax benefits intact
Cheers
Wow what a ride
What stupid school run I could have bagged these at 205 :0 I was leaving and quickly bought avg around 260 thought I did well ugh
Ah well
GLA
Ty
Just added 4500 avg 2.61 over the purchases
Now hold 24.5k @ 186p didn’t have the funds to round it too 25k hey ho still a decent grab
GLA
Ah man no joy I placed orders althe way from 295 upto my max 305 then tried live quote cheapest I was quoted was 312 then 314 now it’s 318 on II
Ah well not my day
Feel for the guys who MMs whipped today wow
I didn’t see anything wrong with the RNS only that no div mentioned which doesn’t bother me this for me is a life long share
I wouldn’t bother @massive he could randomly pick any we know and genuine holders know what Poly is about good luck to him if it gets there I will b adding to buy modest holding
GLA
Read between the lines it’s as assumed they are having to navigate the sanctions and trying to keep a low profile
GLA means we maybe a lot farther along then we think and it may also mean one super RNS all that list checked off and sale done goodnight.
Also wider market probably still in the dark as no RNS sent out many will have placed this share in the bottom drawer imo waiting for a RNS alert some maybe watching the share and again await an RNS before taking the plunge I believe will be a bigger leg up when the RNS is finally compiled obviously takes time and they maybe on a golf course or on a sunny beach somewhere so give them a chance it’s a hard life …
GLA up up and away fingers crossed very soon