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Anyone else reckon we will see £2.80 a share this week?
Why is Poly share rising a ‘pump n dump’? It’s the end of the UK tax year, so shares will have been bought before the deadline. Also, tomorrow is the start of the new tax year, so it’s very likely that more buying will take place too. This share is massively under-valued as it is. It’s hardly being ‘pumped’ because it’s risen buy 20p a share or so this week, is it?
For years and years, the UK Government happily turned a blind-eye to the questionable-origin of Russian wealth into London. Happy times when oligarchs are buying central London properties, premier league football clubs and the such-like… it makes London look even wealthier! The Conservative Party happily took donations from Russians too!
Now Putin has shown the world that he isn’t interested in peace and mutual cooperation with the rest of the world, the UK Government decides to ‘punish’ Russia with ill-thought out sanctions against Russian individuals, who, id imagine, we generating a fair bit of the old tax revenue into HMRC beforehand! EVRAZ got sanctioned based on an idea that somehow they were supplying steel to the tank manufacturers of the Russian Federation??? Have they seen the tanks that Russia is using in Ukraine? They are older than the Prince of Wales for god sake! If Putin was sending 1000’s of brand-new tanks over the border, then yes, questions would need to be asked, but Russia doesn’t have the tank manufacturing capabilities that the UK Government apparently gives it credit for!! It’s utter rubbish! The oligarchs, whilst not angels, we’re easy targets and as one of them own significant shares in EVRAZ, it was a legitimate target!! Oh…. To hell with all the British shareholders too!!
I sometimes wonder… wouldn’t it not of been a better idea to work out how much tax revenue Russian-owned assets bring into the UK treasury and then donate the same amount to the Ukrainian war effort? Thus making Russia and its oligarchs pay for the enemies needs in kicking the Russians back over the border? As it stands, we have not only shot ourselves in the foot financially, we are sending billions to help prop up the Ukrainians too?? Madness!
Yeah, well… my horsey didn’t win the gold cup at Cheltenham, but I predicted it would! It just goes to show that non of have a clue how things will pan-out and therefore, we should all just take a deep breath and perhaps wonder if Putin will ask Xi what he wants from the local Chinese takeaway when they have their little sleepover next week!!
Have a good weekend!
It will never be executed. That is a sad fact. Russia does not hand over one of its own to any entity outside of Russia that seeks to extradite a suspect. Putin will never be able to leave Russia, but that might not mean it’s a bad thing. If Russia descends into civil war and chaos as a result of losing this war that they started, he won’t be able to run to another country to hide in exile. Even the Chinese won’t entertain him on their soil if he’s wanted for war crimes by the international community as it risks china getting sanctioned and that would be an utter disaster for their economy.
It’s looking like a very lonely existence out in Siberia so
Where for old Vlad the Mad, the way it’s going!! Silly lad!
Well, my fellow Polymetalarians… recent history has shown that when the board release an RNS and then have a conference call, the fill-the-back-of-your-pants-with-cake-mix brigade will inevitably start panic-selling for some odd reason and there will be plenty of poly shares for sale at a great price!! Kerching!!
https://www.express.co.uk/finance/personalfinance/1743640/FTSE-100-company-quit-UK-City-of-London-Stock-Exchange-UK-economy
The way things are going on the LSE, I don’t think that I want POLY or EVRAZ to stay on it. The quicker we redomicile, the better. Leave the U.K. financial markets to sink into the abyss.
Worse case, we have to set up a KAZ brokerage account for poly and probably a Dubai one for those who hold EVRAZ shares… not the end of the world, is it?
Whether the west trust the Russians or not, sanctions will have to be slowly let up as part of any meaningful peace agreement. Russia has got to be allowed back into the international community once hostilities have come to an end or else how are they to realistically pay reparations for the rebuilding of Ukraine? If sanctions remain in place for too long, they cease to be effective and we could well have another Germany-in-the-1920’s-style problem as the Russian economy will inevitably start to crash. Also, Russia is simply too rich in natural resources that the world needs for the international community to turn its back on them. 12 months after the ceasefire, Russia will be free to trade with whoever it wants but it will probably be under strict rules that any aggression towards its neighbours again will result in the reinstatement of sanctions and all foreign investment will be pulled. That said, it will only work if China shape up and get strict with Russia over foreign investment.
The world is watching and waiting, eh?
GLA poly holders…. Keep your nerve!!!
I know your pain, guys! I invested to pay for my sons higher education costs. He is only 10 right now and my thinking was that if I invest now and let it build-up over the next 8-9 years, it will pay for him to go to university/start a business etc…
There are folk who invested in this company to have a decent retirement. Even if investors through their cash in to buy a speedboat and drink champagne on it in the Mediterranean, it is their choice and apart from the awful behaviour of the UK government, this company is still a global mining behemoth and I hope that EVRAZ just tells that Westminster lot to swivel and they go and realist on an exchange that is friendlier!
This current UK Government is an absolute disgrace! Both EVR and POG were FTSE-listed companies not long ago and UK investors were encouraged to put their money into these firms. Now look at what they have done!! Poorly thought-out sanctions that haven’t had the desired effect on putins regime that have, without doubt, screwed British investors over!! People pensions, savings and investment portfolios hit hard for no real gain!
Right now… I’m ashamed to be British. We are truly the laughing stock of the world. We’ve gone from a 1st world superpower to being akin to somewhere like post-apartheid South Africa with high prices and hungry children. Hahaha… we can’t even buy tomatoes in our supermarkets anymore!! Meanwhile, the Secretary of State doesn’t even have the decency to respond to EVRAZ over it needing an auditor?? Utterly disgraceful!!
Rant over!!
Phew!!
A move to the AIX may reduce liquidity for buy/selling shares in poly in the short-term, but this company is one of the biggest gold, silver & copper miners in the world… it won’t take long for all types of investors across the world to get set up to trade these shares. GDRs on the LSE is, of course, the most preferred option to most, but even if that doesn’t happen, it’s not all doom & gloom. Personally, I wouldn’t mind flying out to Astana to shift my shares!! That said, I’m a LTH… I’m in it for the dividends for years and years to come.
Yes, there is risk. Yes, things could go tits-up… but that’s business. The company is in reasonable shape, trading well and is reducing debt. For me, it’s not worth putting all one life savings into, but certainly worth a decent punt!
I think I’ll do the same from now on.
Isn’t it funny how the doom and gloom merchants on here always do us LTH’s the courtesy of typing out their unwanted negative opinions for us all to read??
If Polymetal is such a ‘toxic’ share that could go under at any point, even though the contents of the most recent RNS would strongly suggest otherwise, why don’t you just go away and concentrate on the chat feeds of shares that you are invested in? I really don’t get your logic…
Aix - £2.86
Moex - £5.41
Lse - £2.12
For those who want dividends, A move to Astana might not be that bad!
I agree. The reaction to the BOD saying that they are now looking at a few options has been massively overblown. If you break it down, apart from the debt being slightly higher than anticipated, there hasn’t actually been any bad news!
The mind boggles…
Guys….
The last 2 days have been a wild rollercoaster of a ride! It’s turned out not as good as we all thought it would, but let’s get some perspective here. The Poly BOD have not said that anything is definitely happening!! Nobody (unless they sold out at a loss!) has lost their shares. Whether or not Poly relocates to Kazakhstan and whether or not it can be traded on the LSE does not have any bearing on the amount of shares that you currently own. Polymetal international is not about to go under. The BOD were explicit in their admission that the current SP is severely suppressed because of the lack of institutional investors invested in the company. Whatever happens, that needs to be dealt with.
Personally, I couldn’t care less who wins this silly war between Zelensky and Putin, it has no real bearing in the long-term.
Worst case scenario… we still receive dividends off Poly from Astana and if we want to sell, it’s a trip to Kazakhstan to shift your shares!!
I’ve seen Borat and Kazakhstan looks a mint place to go to!! Hahaha
Seriously… everybody needs to calm down!
I reckon a bit of a buyback from those who sold will take place tomorrow. Poly is not about to go under, production is going ok and the price of gold is rising steadily. Moving to Astana and delisting from the LSE is just in the ideas phase, non of it is actually happening right now! Even if it did, it doesn’t mean everyone gets screwed.
Too much anticipation anxiety today made the share price drop. PI’s have been asking for a solution to the issue of sanctions etc, the BOD start exploring options and everyone goes and fills their trousers!! Utter madness!
Why is everyone flapping? Poly is trading ok. None of the ideas are being implemented imminently and it’s important to remember… NO war last forever!
This is not POG, poly is different kettle of fish!! No-one is going to lose their shares. Too many squeaky bums today.
Don’t get me wrong, I sold out just after midday and bought back in at 4pm to pick up an extra 1200 shares for nothing!
I reckon, If you hold your nerve, you’ll be doing your Christmas 2023 shopping in Waitrose rather than Iceland!