Member Info for jezzahold

I believe PI's can really make money - but most should (except for the total gamblers) keep within normal portfolio limits whilst recognising this may be an massive opportunity - simply a question of risk and return
I invested income @ £13 - averaged down to £3.60 - fundamentals are too enticing
Sold out and transferred to ISA as I have capital gains this year
Good day trading stock over the next few weeks up to the AGM but I am aim to be LTH the company just looks too good to be true

Gold is gold
People still buy it - main use is in jewellery
https://www.gold.org/about-gold/gold-demand/by-sector
Currently Barrick (2nd largest producer) is trading on PE of 22.6 - POLY is trading at 2.3
https://www.royalbull.ca/blog/the-worlds-top-10-gold-producers/
Fundamentally undervalued by 90%
Comments in the box - I am sure they will come

Interesting comment but there conclusion is most significant - they will continue to buy up 2½% of assets - at a depressed share price they will buy more

@Splice
Here is BP's AGM notice
see sections 20, 21 & 22 - look familiar
https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/investors/bp-agm-notice-of-meeting-2022.pdf

Go to any plc website and look at their resolution - go back as many years of Poly's AGMs you will see the same bog standard resolutions

@Splice

Read the previous AGM's and any other plc -they are not new and as common as chips (at least oven baked ones)

There is absolutely nothing sinister
If you are going to invest in a company you have to know what they have done, what they do and what they are going to do
The information on their website is very good - I suggest you start there

Actually if you are a LTH the company wouldn't (shouldn't) issue any share at less than £12 - 5% of 474M shares is 23.7M share's @ £12 = £260.7 - current market cap = £833M - 833+260= 1093/(474+23.7)=2.20 per share - big plus
Figures are indicative only
Anyway from last years AGM they could do it anyway - just like they have authority to buy back 10% of the shares

They put those resolutions forward every year = doesn't mean they actually use them

The same resolution has been put to the last 2 AGM's - I cant be bothered to go back further - it is fairly common and simply allows the company to issue new shares if they want to raise capital - limited to 5% of shares in issue

Look at any other AGM's of any other company and it will be there

havefaithinmarke
Agree with your points but IMHO expect dividend of $1 per year (any more then a bonus) @$1.31/£ that would 76.3p per share
Buying for a dividend is possible but extremely silly - fundamentals show that the company is severely undervalued but is at this time subject to inherent risks
Interesting to note that MOEX consider it an "international stock" (if I am still up to date on that news)
At current prices it is a chance in a lifetime but I wouldn't put my shirt on it as that breaks all sensible portfolio diversification rules

For a pointless rant on a discussion about POLY all the analysis commented on the ability for the Chancellor to give something away because of extra VAT on Fuel - fuel tax does not increase as it is fixed per litre, also he will get additional CT receipts from higher profits

remain listed on - sorry

Delisting does not mean you cannot sell them to anyone - it means you cannot trade them on the stock market that delists them. You can sell them privately and sell them on any market the shares remain delisted.

Presently POLY is listed on LSE, MOEX and AIX

PPF sent in TR1 on 2 March - it looks like they lent the stock out in June 2021 - got it back in March

Check the fundamentals
LIquidity +
Cash Flow ++
Ability to pay dividends ++
Profitable +
Growing +
Product + - in demand mainly for jewellery https://www.gold.org/goldhub/data#demand-and-supply
Risks
High due to current geo-political tsunami
Sanctions - possible but I consider low-risk
Other risks read the financial report - most interesting I thought was coping with permafrost - very enlightening

Investments can go down as well as up etc etc your capital maybe at risk
Measure your risk and take your chances

Grant - thanks for that
A few TR1's due
Very interesting screen

Point re Gold Sales to Russia - that would be Gold produced by Polymetal JSC a Russian Company
Back to March 9 RNS
Sales of bullion and concentrate from Kazakhstan continue as usual. In Russia, Polymetal sells silver concentrate from Dukat (sold mainly to Kazakhstan as well as East Asia) and refractory gold concentrate from Mayskoye and Nezhda (sold to China and Kazakhstan).

Contradicts 2021 Financial statements whereby segment analysis shows sales in Russia of 44% ($1271M out of a total of $2890M)

Germany propose building LNG Terminal
UK uses 25% imported LNG mainly from Qatar (then USA then Russia)
2020 figures
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1032260/UK_Energy_in_Brief_2021.pdf

Also if they buy too many shares they will go below 75% free float which has been one of their strident statements as to not be subject to sanctions

Not sure dividend will be cancelled - I I would prefer the divi as it is my income - cash is supposed to be out of country (in Cyprus). If they don't need the cash why play into the hands of the authorities trying to identify the company as Russian (where most of its activities are)
Re share purchase they have the authority from last years AGM to purchase 47M shares and I haven't seen them do that last year despite the excellent cash flow
Just have to wait for AGM at the end of April and the Q12023 Production figures should be out before that

Check out the RNS dated 9 March 2022
Business update and impact of sanctions

Commentary notes
"Capital controls

From 1 March 2022, certain foreign currency transactions involving Russian residents are restricted. Russian legal entities are prohibited to pay dividends to foreign persons, although formally these instructions apply only to dividends of joint-stock companies paid through professional participants of the securities market. It is currently unclear whether the Company will be able to remit dividends from its Russian subsidiaries to the holding company level. Russian residents are obliged to sell 80% of foreign currency received under export contracts with non-residents on the transfer of goods or services. The purchases are going to be made at the Central Bank of Russia's rate. These new regulations are currently not expected to have a material impact on the Company other than the impact on intragroup dividends described above."

Roubles will have to stay in Russia but they have operating costs and significant capex on new projects in Russia - see earlier in the RNS

Remember the name Tank came about as a way to keep the use of the "landships" secret and that the MArk I looked like a water tank