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It's a good interview but very 'Salesy' with the interviewer not asking tough questions, but being more of a fan.
I would have liked to see him tackle head on the problems with local protestors and nearby residents who have been a thorn in the side of Galantas for years, delaying production, processing, drilling, roads and the list goes on and on. As long term holders we know.
Also, Mario Stifano wasn't asked why his own holding is so low. 0.23%.
https://galantas.com/corporate/directors-holdings/

He'll have to discover a large amount of gold or get the production up to max to entice a spike or increase volume sufficiently.
At present the volume is no way near enough for profit taking by the insider share holders, and definitely not enough to allow profit taking on exercised warrants.
He mentioned 25m warrants, there's a list here on page 33, including "22 million “Units” at C$0.40 per Unit", (23.50p)
https://galantas.com/site/assets/files/7400/galantas-mda-q4-2020-final-28042021v2.pdf
With the average warrant price well below 30p, we could see some very bouncy SP movements, but confident 25p would be the floor. Expiry on the warrants is 24 months from the closing date of the placement, which is May 18, 2023.

Gold just broke through $1840. Back to the 20s for PAF IMO.
Great update all round. I was hoping for lower or no debt but this will surely disappear before the end of June, then possiblly replaced with some kind of financing for the new projects. The average price of gold for 2021 was higher than 2020, ounces up so higher earnings and higher divi on the cards.
Would be good to see more broker ratings after results but great to have the continued support from Peel Hunt Limited targeting 28p and Berenberg Bank 27p.

Well this is very welcome.
Above 1200, next please 1300, 1400, 1500...
Results round the corner and an extra dividend would be most welcome.

Russian companies are taking a hammering recently due to possible consequences of a Russian Invasion of Ukraine.
Rosneft is down 9% today, POLY, Evraz and the list goes on.
The question is wether sanctions or military action would stop BP's huge income from Rosneft ?
So far the oil price and subsequent share price rise euphoria suggest otherwise or it has been overlooked.

Not going well on the Russian stock market.

https://tradingeconomics.com/russia/stock-market

MOEX down 3.5%. Even domestic companies like Yandex are crashing.
Not just international pressure Putin will be receiving IMO.

It's up to the Ukraine who they want to make alliances with, no-one else. Putin's tactics of blaming others for his invasion, faking elections, giving away passports etc are now making him a laughing stock around the world and more and more domestically.
"The Yanks are and have been out of control for a very long time they quite clearly want to take Nato up to Russian borders...Vlad can;t touh them in their part of the world but he can take care of business closer to home....i am now thinking eastern ukraine and leave the rest to go round the u bend..."

More future growth news.

SSE bolsters renewables pipeline with success in ScotWind seabed leasing auction

SSE Renewables and its ScotWind partners Japanese conglomerate Marubeni Corporation (Marubeni) and Danish fund management company Copenhagen Infrastructure Partners (CIP), through one of its funds, have been notified by Crown Estate Scotland that they have been successful in the ScotWind auction for new offshore wind leases in Scotland.

The partnership has been awarded the rights for 858 square kilometres of seabed to develop an offshore wind project of up to 2.6GW of capacity in the E1 area off the east coast of Scotland. SSE owns a 40% share of the development rights with Marubeni and CIP each owning 30%.

But until he reverses this, I and I imagine the market will remain largly unimpressed.

"Announcing today that THG Beauty is to be separated and listed on a public share-trading exchange in 2022"

Not looking good. Right at the base of support levels, from 2019 !
The declared short position by Marshall Wace LLP is getting lower, January 2022.
https://shorttracker.co.uk/company/JE00B6T5S470/
Is this all a combo or poor sentiment towards Russia due to Putin's bizarre threat of blaming other countries for an invasion of Ukraine, the Kazahkstan situation and threat of taxes ? Or something undeclared as yet.

IMO it was disappointing for the SP to drop for two days towards ex-div, when one would normally expect a rise towards such a respectable dividend amount, around 1.5% . The drop this morning will see the SP in the 580s, FTSE still riding high and yields still not dropping just yet, it's like a casino.

They've got a load of cash again, but down s bit on production. They could easily pay out an 8 cents dividend in Jan, but more likely to dribble it out like last year.

Hi All.
I'm hoping to promote a discussion about the upcoming results and what might be.
IMO there will be a swift increase to over 1500p here.

I did some "back of a fag pack" calculations.

So, simply expanding the 9 month results of presented in the last quarter of 2021 we get Revenue $2790m.
This expansion applied to 2020 would have made a full year revenue of $2692m, but was actually $2865m.
So the same uplift in 2020 applied to 2021 would imply revenue of $2969m

This ignores the new mine at Nezhda and the projected extra 30,000 ounces of gold expected to be produced, which could add more than $50m. It also ignores any significant hike in debt repayment as these may come from the new mines actually funded by the debt increase.

The dividend so far in 2021 is $0.45, August 2021, half year earnings $1274m.
However. The half yearly earnings and revenue for 2020 and 2019 were not exactly half.
2020 half year revenue : $1135m, Full Year $2865m (increase of 26%)
2019 half year revenue : $946m, Full Year $2246m (increase of 18%)
Those same ratios applied to 2021 would make for a full year revenue of between $3000m to $3210m

Average Gold price in 2019 was $1,393.34
2019 Revenue $2245m, Debt $1479m, Earnings $483m, Costs $1762, Dividends $0.82 per share

Average Gold price in 2020 was $1,773.73,
2020 Revenue $2865m, Debt $1351m, Earnings $1086m, Costs $1779. Dividends $1.29 per share

Average Gold price in 2021 was $1,798.89,
So what might be...
2021 Revenue $3000m, Debt $1900m, Costs $1850, Earnings $1150m, Dividends $1.37 per share
A final dividend in March of $0.92.

Fair share price ? 5% Yield 2000p, 6% Yield 1660p, 7% Yield 1428p, 8% Yield 1250p.
My personal target is between 6% and 7%.

What do people think ?

Average Gold Prices 2019, 2020 and 2021 came from this website.
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

Happy New year Temple, Coffee and all. Good to see the slow rise back upwards and another divi to look forward to soon. Volume remains very low. Almost in the Black again.

Excellent RNS.
Return to production ))

https://internationalviewpoint.org/spip.php?article7468

No mention of the Poly Mines but the events described would explain the unease and sell off since the 4th jan and even the word Kyzyl within Kyzyl-Orda could send unease even though they are completely different and the other side of the giant country.

"As early as 4 January, oil workers at Tengizchevroil, where American companies have a 75% stake, went on strike. It was there that in December last year 40,000 workers were laid off and a new round of layoffs was planned. They were supported later in the day by oil workers of Aktobe and West Kazakhstan and Kyzylorda regions.

Moreover, in the evening of the same day, strikes of miners of ArmelorMittal Temirtau in Karaganda region and of copper smelters and miners of Kazakhmys corporation began what is essentially a general strike in the whole extractive industry of the country. There were also demands for higher wages, lowering of the retirement age, the right to trade unions and strikes.

Meanwhile, on Tuesday, open-ended strikes already started in Atyrau, Uralsk, Aktyubinsk, Kyzyl-Orda, Taraz, Taldykorgan, Turkestan, Shymkent, Ekibastuz, in towns of Almaty region and in Almaty itself, where barricading of streets during the night of 4-5 January led to the open clash of demonstrators with the police, as a result of which the city administration was temporarily seized. This gave Kassym-Jomart Tokayev grounds for declaring a state of emergency.'"

In the news below. I can't say that it's nice to hear about such tyranny and death going on to put down the protest or uprisings. It's horrendous. Regards POLY an investment, the return to order should stem to downward trend. As said below, if there were problems with the mining or getting the ore out then surely rules dictate the market should be updated. Since it has not, then we could assume that production/profits will be a good as we hope.

https://news.sky.com/story/kazakhstan-president-orders-security-personnel-to-open-fire-on-terrorists-as-dozens-of-protesters-killed-12510770
"Kazakhstan president orders security forces to 'shoot to kill' protesters without warning"

https://www.dw.com/en/uneasy-calm-returns-to-kazakhstan-after-days-of-violence/av-60372350
"Uneasy calm returns to Kazakhstan after days of violence"

Great to be finally noticed !
Well, slightly noticed. Still only 8 trades today.
Come on Galantas!
Some momentum and a spike up to 60p would be well within future fundamental value.

A 60p SP would still only mean a Market Cap 45m, which would be what, 20,000 ounces a year priced in, which GAL could probably do now do with it's in house processing plant.

BERENBERG RAISES PAN AFRICAN RESOURCES PRICE TARGET TO 27 (25) PENCE - 'BUY'

Nice... Results later this month.

Hi Tornadotony. How do you make 10% ?
Going from last accounts Kazakhstan assets produced nearly a third of all production.
See table of last reported quarterly, Q3 2021. PRODUCTION BY MINE.
https://www.polymetalinternational.com/en/investors-and-media/reports-and-results/latest-results/?period=139&type=production&year=2021
Varvara 47 and Kyzyl 91 = 138 out of total 437 = 31.6%

There is big support in the 1180 to 1220 area, so I've just bought this morning.
With the army going in to protect infrastructure, industry, utilities etc. This may die down.
Over 70% of production is fine, given the new min, and being sold which sort of backs up the SP where we are, as the SP should surely be around 20-30% above where we are..
With the SP going down down down recently It does beg the question as to how long this unrest has been brewing before mainstream news.
Will POLY release a statement to pacify the market ?
IMO this is an opportunity.
Cheers and GL.

Kazakhstan
https://news.sky.com/story/kazakhstan-state-of-emergency-declared-in-capital-nur-sultan-as-protests-intensify-in-almaty-and-other-cities-12509441

The presidential palace in Kazakhstan's biggest city is on fire and the city administration building is burning from top to bottom, according to reports, after country-wide protests broke out.

Russia's Tass news agency said the president's residence in Almaty, where thousands of demonstrators gathered outside, was engulfed in flames and the building that includes the mayor's office was at risk of being gutted hours after protesters broke in.

Is it the unrest in Kazakhstan ? Check this latest news :
https://www.bbc.co.uk/news/world-asia-59876093
Poly has two operations, Varvara and Kyzyl in the west, which contributed 149+343=492k ounces of gold production.
This is about a third of all the Poly output.
If it's this unrest affecting the mining then IMO we must sit tight and hope it blows over.
Investment wise it is annoying for me today as I took profits out of a couple of companies that shot up yesterday to invest here, to see those companies go up more today and POLY's share price go down yet another 20p.

In searches, one piece of news that's positive, and also some more about the rioting.
https://www-interfax-ru.translate.goog/business/813500?_x_tr_sl=ru&_x_tr_tl=en&_x_tr_hl=en-GB
No covid problems.
https://www.worldometers.info/coronavirus/country/russia/
Gold price and currency movements are good for Poly.
Cheers and GL.