Member Info for JohnNth

Think Dad's Army would give them run for their money....Ukraine's Dame Vera Lynn can try all she likes ......................

"Nesis said that the buyer of Poly R will have to be approved by The US govt (OFAC) especially as Poly K will still have dealing with Poly R until a processing plant is built in Kaz."

This is correct and that is why Polyus (Russian goldminer) who is on US sanctions list will be excluded from bidding for POLY asets.

It will not go down well for Zelensky if he and Ukraine now accept same terms as Russia offered/agreed to in spring 2022, and lets be honest what Russsia wanted before the war started. Basically, it is the implementation of Minsk 2 agreement which both countries signed in 2014, and which Ukraine gradually moved away from over time annoying Russia.

It is abundantly clear Ukraine cannot win this war. The country has lost 15% of its population through war and displacement since Feb 2022, and recruitment/conscription in armed forces now include women and men aged up to 70. How long can this go on for?

Potential agreement turned down by Zelensky on advice from his handlers now proving to be an albatross around his neck.

@MC...such events can have a significant bearing on sp. Decision to change the date was made this morning; I wonder could it be that in view of a surge in gold price in recent days, the company arranged an emergency board meeting to get a decision on 'interim' divis now instead of in Dec as previously stated? Or there could be an important update on sale of Russian business which may have gained traction in the past few hours.

POLY needs news along these lines to propel sp forward, which imo will stay mired in the absence of any such news.

Why would they change date so close to the call? Not that figures (which are historical) are going to change between now and the 31st.

Am I reading too much into this?

Change of date from 26th Oct to 31st Oct

Polymetal International plc

Q3 2023 production results webcast

Polymetal International plc will release the Group’s Q3 2023 production results on Tuesday, October 31.

The Company will hold a webcast on Tuesday, 31 October 2023, at 10:00 London time (16:00 Astana time).

To participate in the webcast, please register using the following link:

https://event.on24.com/wcc/r/4380844/257261F9AB918B8B717A3B0CE97CFDA4.

Webcast details will be sent to you via email after registration.

"...depending on financial conditions and on progress with the sale..."

I don't think they need to wait for a sale to pay interim divis; both the trading environment and exchange rates have been very favourable, especially for the past 7 months.

In September, Nesis said "The company will “definitely” pay a dividend on its 2023 results. The board would discuss an interim dividend in December, depending on financial conditions and on progress with the sale of the Russian business."

With gold price where it is and extremely favourable exchange rates, I think interim divi is now looking a dead cert than probable. If we're lucky, we may see it announced next week.

It is clear and evident ICC's undeclared objective is to frighten and convict adversaries of US and the West, and that is why Blair and Bush are still roaming the streets having killed and displaced tens of millions conducting illegal wars, and why not a single action by Israel over many decades of atrocities inflicted on the Palestinians have gone unaccounted for.

The narrative in the western press would have one believe it all started on 7th October with attack by HAMAS; over looking decades of illegal occupation, Israeli atrocities both in Gaza and West Bank, gross violations of human rights, Palestinians right to resist and so on. Biden has said on number of occasions most recently, he would not shy away from calling out the wrongs when he sees one, and he has done that, but not once he said anything Israel.

I'll leave you guessing why that is!

"For example if he did lend his shares he wouldn’t be able to participate in voting at the AGM as the votes would go to whoever owns his shares at any given point."

Wolfie...this is true unless contractual arrangements to the contrary are made where voting rights stays with the holder. MA has proved himself over years he is well capable of challenging orthodoxy and I believe he would not hesitate to do that if he so wanted to.

Do I think he is doing this? Answer NO.

I think POLY Russia will fetch in excess of $6bn given the amount of investments gone into it in recent years which have now started to bear fruit and hence EBITDA north of $1bn this year. It is of course worth more than this.

I don't think us voting for it or not is going to make any difference either given shares held by Nesis and other institutions.

"Ukraine uses US-supplied ATACMS for the first time, says Zelensky"

Wow...ATCAMs will make a huge difference to Ukraine's counter offensive just like HIMARS, Challenger tanks, missiles have.

It's time Ukraine stopped trying fooling everyone and entered peace talks for the good of its people and its future.

In the same conference call, Nesis also said the sale of Russian assets would clear all POLY debt and leave money to reinvest and pay a divi. So not sure where $1 sale comes from.

I asked this question to Mr Nesis at the last conference call. His reply was that Russian business will deliver north of $1bn EBITDA this year and you apply multiple from there.

In normal situation, I would have thought Russian business was worth about $10bn give or take. These are not normal times and hence discounts will apply.

BSR...Zelensky's been told this by his US handlers he needs to consider holding elections, but he will hold this after he has managed to sideline his opponents eg. he has been very busy of late trying to knockout Vitaly Klitchko, his main opponent by making almost daily accusations against him of faliures as Mayor of Kiev...he's a weasel alright.

With help/approval of US, Israel using chemical weapons in Gaza and Lebanon. Check this link.

DO AS I SAY, NOT AS I DO

https://www.msn.com/en-gb/news/world/human-rights-watch-says-israel-used-white-phosphorus-in-gaza-lebanon/ar-AA1iavrM?ocid=msedgntp&cvid=a96dcb754f9a4ff3a7dfa57b0723fc73&ei=7

BSR...production update due two weeks next Monday and Nesis did say he will provide update on exact level of debt which his CFO Maxim Nazimok said was already lower than at interim stage. Production should also be higher as it normally is in the second half and may be even a hint as to how sale of Russian assets is progressing. And if we're lucky, some concrete news on divis.

I'm sticking with my prediction that 2023 will be a record trading year for POLY eclipsing it's previous record set in 2020.

Gold moving up again after a month of downward trend, spurred on by global uncertainties and inflation figures yesterday in the US. General inflation was 0.1% ahead of predictions but non-food inflation which matter more was on target and so no immediate pressure on raising interest rates. Further, there's signs of recession kicking in amongst western countries which should further ease pressure on rates.

One more month of favourable inflation data should ensure gold keeps above $1,900 for the forseeable future.

Good news for POLY

Jewish Occupiers GOOD, Russian Occupiers BAD VERY BAD

The West's narratives are falling apart.

Do as I say, Not as I do

Regards Gaza, I'd like to share a quote Moeen Ali (English Cricketer) posted yesterday.

“If you’re not careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.” by Malcolm X

Ukrainian First Lady Olena Zelenska said, “Ukrainians understand and share the pain of the Israeli people.”

I thought Ukranians were Palestinians occupied by Russia and resisting by any and all means possible! Can someone explain to me how Ukraine's situation is different to that of Palestinains?