Member Info for JohnGoldstein

I was once optimistic about this fund, but it has become completely impossible to be so. As time passes by, it has become clear that the west has no intention of allowing Russia to resume activity as normal and it’ll be a rough few years to adjust in terms of energy procurement but with US LNG and the shale revolution it’ll be very easy long term. We can no longer morally associate with this state sponsor of terrorism whilst it continues to wreak havoc everywhere around the world. Just in the last week alone they have sabotaged another pipeline and have given Intel to help massacre Israelis. Good luck to anybody holding, I can’t see this yielding a positive outcome in the near future or potentially ever.

My panic earlier has been averted by the good news coming from Turkey. There has since been a quote coming out of Iraq that adds to the confidence, though at the moment it’s still unsubstantiated so won’t get too excited yet, Nahro Rawanduzi has said the oil flow is set to resume next week. Source is zoom news on Twitter which is based out of Iraq, will follow closely

I have reported you for antisemitism swell2361. I don’t know why I would be up to something with shorting companies just because I’m Jewish? I was posting as a concerned shareholder. It’s people like you that make people like myself hide our true identities, I thought posting here with my real name would be fine but clearly not.

Just when I thought we were starting to make tangible progress here, we’ve had another major setback. The Kurds have really done it this time, bombing the capital of Turkey. There is no way that this doesn’t negatively impact GKP, the Kurds don’t have much of an economy so hurting their oil exports is the best way for the Turks to tighten the screws to cause pain for them. They may even end up striking the oil fields as a form of retaliation!

I have a couple of clients in the same boat as you, JPPoubelle. I told them that this was a “sure thing” at 105p and to go irresponsibly long on it, now they are calling me every day asking me when it’s going to go back up. I ask them “how long is a piece of string”. Has been a real thorn in my side whilst I’ve been on the golf course this share. Thankfully I charge fees and it’s not dependant on performance. I think this will come back up, but whether or not it will reach the dizzying heights of 70p again remains to be seen. I will just have to keep telling my clients that our nanny state will make sure these people are well cared for and the funding won’t dry up, don’t want them to go to another advisor!

Think we’ve found out why blackrock have been selling!

I was wondering the same thing myself. It will be interesting to see what they’ve got planned and to see what happens here.

Hello, Manfor, I was just wondering where you had pulled this quotation from?

“The sanctions that have decimated its NAV aren’t going away soon. Russia has been kicked out of emerging markets indices and that isn’t going to change for a long time either. “Then there’s the embarrassment factor of being invested in a murderous regime – that can only change if Putin goes. I think the board was wrong to recommend that shareholders vote in favour of continuation and the asset manager will want to disassociate itself from it before too long (as two of its directors already have). Its days are numbered.”

It has been rather humorous watching a top 10 world gold producer trading as though it were an AIM listed, exploration penny stock over the last few weeks. Before the dispute between Russia and Ukraine, this board would go days at a time with nobody commenting as the shareholders in the company knew that it was business as usual and that the board were running the company efficiently, but the drop in price has brought with it the AIM gamblers in their droves, it’s easy to spot these odious creatures as they are the ones that are making assertions that the price will be X by a certain date, it’s worth bearing in mind that these people have absolutely no bearing on the share price. Of course there is opportunity here for traders to make their money and more power to them, I hope everybody can make a few quid. However, the real opportunity here is for the patient investor that can block out the noise and wait patiently, one of the finest gold and silver producing companies on the planet is currently trading at a heavy discount to what is fair value. It’s going to take a while for them to reach a price that would be considered fair as Russian associated stocks will trade at a discount now for a while (more of a discount than they’ve already been trading at before conflict), but you can receive a dividend as a reward for your patience. This is the kind of stock you hold in your portfolio for life and collect a nice dividend as passive income. Good luck to all investors.

It baffles me how criminally undervalued Kazatomprom is. With the imminent shift into a nuclear frenzy, you would think the lowest cost, highest grade, biggest margin, leading producing uranium company with the biggest reserves and exploration upside would be trading at least 50% higher than here. Definitely a good accumulation zone if you have the spare cash to put in.

“There’s Kazatomprom and then there’s everybody else.”

Oh, and they pay a dividend whilst you wait.

Good morning all, I did some calculations last night to see just how far away from realistic valuations the recent NAV updates have been. As of last night, the total market cap of the companies held within the portfolio was £181, 160,104, which equates to £4.53 a share. To arrive at the final numbers, I took the current prices as listed on the MOEX and converted them into pounds, but it would seem last nights calculations are already outdated as MOEX is up today, namely the companies that are the biggest weightings in the fund. Hopefully they start to give us some numbers that are closer to reality so that this can be reflected in the share price.