Member Info for jezzahold

@Lawrence
Fair summary ; my observations
1) re price manipulation - ? - but it is ridiculous that they should vary so much between LSE and MOEX
2) if they could find a non sanctioned bank in Russia they could sell to them and Russian Central bank will buy at 5000Roubles/g - not full market price but would give short term cash flow - not a recommendation
Re the debt - this was always in their plans to restructure as the bonds (now $304M outstanding) are due to be repaid at end of year. This hiatus has caused problems with orderly refinancing. I reiterate though what I said earlier re GPM $200M loan - the cash flow must be expected to be very good as that was being repaid in 3 tranches over 18 months - so $132M free cash in a year. Just need a straight forward 5 year loan and repay $60m per year. Also bonds were @ 8.25% whilst GPM was at a lower unspecified rate.
3) I only can hope it is sooner than later
4) Trading update and Capital day on 25th April
5)Cannot comment - humble opinion they fell out and Region are connected with sanctioned bank - if he sold them before yes he may want to sell them again OR he has reassessed the strength of POG
On my share software (Sharescope) they include dividend forecasts - it said 0.25p for this year :-D - and 3.2p in 2023 - cant find where that came from though (or how accurate it is but makes you think)
Anyone else got access to analysts forecasts?

Fair Summary - couple of points
1) Producing @ full capacity - capex to increase capacity by 5% in mid 2022
2)Local market - Kazak cement market was 11.6M T - they supplied 13.9%
T sold increased by 2.6%
3)imports falling was simply switch to local sales
4) Kazak inflation about 8½% - increase in prices (ex works) was 15% - re costs depreciation is 17½% of COS so costs should not be increasing as fast as prices (see GP increase at Half Year- 46% vs 40%)
5)If at full capacity may not be able to benefit from UKR rebuild - the west will want it (remember Germany transferred all their CO2 producing cement plants to Poland which are closer)
6) fall in KZT against US $ is currently down 7% since beginning of year
- at worst point recently it was 20% down https://www.exchangerates.org.uk/USD-KZT-exchange-rate-history.html
Share price since beginning of year (45p) low point was 28p - 38% down
Perhaps affected by war as a member of the Collective Security Treaty Organisation (CTSO) but have not supported Putin (despite CTSO sending help to quell unrest in Kazak in January - of which STCM said they were not affected by
Just have to wait for full years results in June if same as last year, and see what they say about year's dividend after delaying the interim due to uncertainties re Kazak withholding tax
Numbers have always read well and whilst subject to vagaries of US $/KZT exchange rate seem to be coping well - also (from 2020 Accounts) borrowing had been switched to being in KZT so reducing currency risk.
Anyway my thoughts and observations
Nice to see the price going back towards where it deserves to be

The earlier one was Strukov reacuiring the interest after the agreement to transfer was terminated
This one is about is Region Group reducing that interest to nil
There have to be both sides of the change of "controlling interest"

*Its on
https://www.londonstockexchange.com/news-article/POG/holding-s-in-company/15403909

Its London Stock Exchange - exactly as per Strukov TR1 in reverse

Pity he doesn't know that Sudarikov is not a shareholder!
Again as I said perhaps why the deal was cancelled - he is PNG

Lets put it out there
The proposed final dividend of $0.52 will me an they have paid out $0.97 from 2021 profits
They have clearly indicated their dividend policy - as they say wanting to be transparent
https://www.polymetalinternational.com/en/investors-and-media/shareholder-centre/dividends/
If the Board do not withdraw there proposed final dividend for 2021 - Resolution 3
https://www.polymetalinternational.com/upload/iblock/feb/Polymetal_Notice_AGM-2022.PDF
then what are opinions?
My view is when I had capital I looked to invest in income shares to provide a pension - POLY met my criteria
It still does with the added + of a potential massive gain - I want the dividend
Over to you

Not wanting to put down those who think the upside is massive - it is very good from where we are - but recognise that the price of gold may fall back
Look at the JORC measures - by my last look they are assessing on $1500 - yes it is now $1900+ but what will it be?
Deep mining has a significantly higher AISC than those who extract from open cast - just check out their accounts
Measure the return on fundamentals not inspired guesses - just my view
Though on that clearly undervalued - see MOEX
volume today 5.29M shares down 3.43%
LSE - 92.8M shares down 10%
Manipulation??????

Tanks and EVRAZ...
Hardly an association with the production of Tanks though - the T34/85 was the backbone of the Soviet forces in WW2 and is on monuments all over Russia
I will say that once when travelling to Berlin on the Military Train in 1976 there were still tank parks full of these obsolete tanks - Russians don't like to waste anything :-)

I believe Mrs "Rusky Banker" is actually a Mrs "Rusky Auditor" - she is a certified accountant with PWC (Companies House states a Chartered accountant) and an Audit Partner - she went on the audit committee
So - just to throw in another grenade to the feeding frenzy of speculation that abounds about PG - perhaps there s something wrong with the audit of the 2021 results...
Perhaps that is why the sale transfer was cancelled...
Maybe the company has failed to recruit enough small people to dig out the gold...
Maybe...
Maybe...

@Josh - Very very old info - sorry

Going back to the wild speculation about taking it private why not start with Moscow closing price 12.62p...
Then again this is just wild conjecture - there is nothing to suggest this is the plan; there may a perfectly reasonable explanation why the transfer didn't go through; a possibility would be that as Sergey Sudarikov was connected to a sanctioned bank by cancelling the transfer POG could start to sell its gold again; possibly they just fell out; it has been mooted that it may be a nefarious scheme to buy the company cheap and as helpfully highlighted by Lawrence13 Rule 9 of TP says he has to pay what he has paid in the last 12 months - but he hasn't bought any in that time as far as I can see.
Only time will tell

TR1 today says 29.18% (recent changes to the % have been for share incentive issues - other than the non-transfer)

They have been at 29% for 2+ years - originally acquired February 2020
See RNS 10 Feb 2020 - and TR1 5th Feb 2020 - 28.34% control

Sorry I haven't seen anywhere where the terms of the sale agreement were announced - has anyone got a source?
The TR1 only says the % of rights transferred without referring to any values or price per share. I would have thought that was sensitive information - might appear in the companies accounts but that is a year plus away.

It says termination of the agreement to purchase which by my reading means the agreement was never completed

8 March RNS showed Strukov getting rid of shares; this RNS shows him getting them back
Box 11
This notification is made due to termination of the share purchase agreement entered into between Uzhuralzoloto Group of Companies Joint-Stock Company and Limited Liability Company "REGION Financial Services" (https://www.londonstockexchange.com/news-article/POG/holding-s-in-company/15361304).

https://www.evraz.com/upload/iblock/a21/EVRAZ_Annual_Report_2021.pdf
See page 46 & 47 of review - 25% of coal sales were intersegmental

And as noted those buying after xc date have gained back the value of RASP

OK missed that - thanks for the clarification