Member Info for JohnNth

"No surprise about big-blue he's not exactly intelligent is he?"

You can say that again. BigBlue-dyLiar always had difficult relationship with the truth. Lost count number of times I've caught him lying. He's now filtered so don't have to read his bile anymore.

Think next US presidential election will be between Trump and Biden/Harris cos Biden isn't going to last the term. ATM it looks as though Trump will win subject to him steering clear of prison, and he has a bone to pick with Zelensky for not handing over Hunter before last election which he lost by a whisker.

In Ukraine's interest to get to the table before then and so the war for them has become race against time.

Https://thehill.com/homenews/campaign/4207237-trump-putin-praise-means-what-im-saying-is-right/

This is what Nesis and POLY were on about before re-domiciliation to Kaz; listed on LSE, the company was being excluded from bidding/obtaining new mining rights.

The company moves to Kaz and lands new licenses in Russia.

In Nesis we Trust

Does no harm does it? More reserves means more future profits means higher sale price of Russian assets. Let's hope MOEX comes through this week.

GLASH

BSR...the value POLY gets out of Russia is important; $4.0bn would be great as it would settle debt of $2.6bn, pay $400m in divis leaving $1,0 bn for investment. I am worried a little on delay in MOEX listing...what is holding up?

I thought the sale would be a quick transaction given any new buyer would want to capitalise on weaker Russian Ruble, but this can only happen once there is understanding reached with Rusian authorities.

Kaz business will be weaker this year given average 14% inflation this year and Kaz Tenge holding up strong against US$ literally up until 2 weeks ago, which means rising costs are eating into POLY's profits. The Tenge has weakened in the past 2 weeks and let's hope it weakens further to absorb higher Kaz inflation in the months ahead.

For now, most important hurdle remains getting the MOEX listing on track.

With average gold price at about $1,935 oz and US$ to Rub exch rate at ave Rub 78, Interim figures will be decent. They will however be impacted by gold stocks of over $500m worth accumulating due to logistical issues, and this will reduce profit by approx $160m given all in sustaining costs of $1,300 per oz.

One should note that for the purposes of calculating profit, stocks are valued at lower of cost or net realisable value, whichever is lower.

Despite gold sp falling just slightly in the second half, the profits for the full year 2023 will be a new record, driven largely by buoyant gold price, favourable exchange rates and liquidation of high stock levels carried over from first half. Also, IMO the gold production will be higher as well in 2023 even though the company have stuck to their prediction similar to 2022.

Beyond 2023, there is the prospects of lower interest rates which should drive gold price higher and into stratosphere.

Beam me up Scotty!!!

Way gold is holding in the face of high and rising interest rates is amazing. Gold should really be on the floor right now given its high opportunity cost value. In normal times, gold would now be at about $1,000 oz instead of at around $1,900 oz, and this is wholly down to global de-dollarisation taking place right now.

Imagine gold price when interest rates starts falling again?

I lost money in POG and I put that down to incompetent POG management and ill thought out UK sanctions. Unlike POLY, POG mgt did not take any evasive actions and UK sanctions handed the company (wholly based in Russia) to Russians on the plate. Sanctions are supposed to hurt the enemy, but in POG's case Russia benefitted cos they took away largely UK owned company at almost zero cost.

As regards divi, we may see an announcement only if POLY shares starts trading on MOEX by the time of interim announcement on 25th Sept. IMO MOEX approval is taking far too long.

Polymetal International plc will release the Group’s H1 2023 financial results on Monday, September 25.

Any predictions?

"We owe approximately $50 trillion to India, $32 trillion to Africa and further $19 trillion for slavery to Caribbean countries"

What's all this in english. Well, UK GDP is about $3.2 trillion, which means if we gave away everything we earnt ie. paid 100% in taxes and gave it to countries as reparations, it would take us 32 years to pay it all back and that is without taking any interest into account.

But we can't do that as we need to eat to live so we can work and earn. We can do a deal where we keep just enough to eat and give rest away; this way I think we can pay it all back in the next hundred years or so, and that will see us all out.

I'm writing from the Boaters Inn in Kingston on Thames; think I need to go home now.

Cheers

Instead of lining pockets in Ukraine, UK money could be better spent mending our historical wrongs like reparations for atrocities and exploitation committed in Africa, India and the Caribbean. We owe approximately $50 trillion to India, $32 trillion to Africa and further $19 trillion for slavery to Caribbean countries; and that does not factor in the legacy costs.

https://www.msn.com/en-gb/news/uknews/caribbean-countries-to-seek-33-trillion-in-slavery-reparations/ar-AA1gCI5M?ocid=msedgntp&cvid=26c35c9ac44c4908932ecd873e63e049&ei=10

https://www.aljazeera.com/opinions/2018/12/19/how-britain-stole-45-trillion-from-india

I get the feel MOEX will assess the impact of POLY restructuring, taking account of their future plans etc on the Russian economy before approving anything. Russian authorities seems determined not to allow capital outflows without there being a penalty.

Fingers X'd...........

I got following reply from POLY Investor Relations early this month

"MOEX has the discretion over this, and we’re eagerly waiting for their decision"

I am not with either of the brokers, but excellent news for their clients holding POLY shares.

Just sit back and enjoy market busting divis........

No one other than Ukraine govt thinks counter offensive is going places. Further, favourable treatment of Russia at the recent G20 meeting and not providing Zelensky with platform to address G20 makes clear the view of the wider world who wants this conflict ended yesterday; which may now also include US and UK.

This war has almost run its course...look out for peace overtures.

Not only Ukraine's place is in the EU, but it will be the EU who will pay for Ukraine's reconstruction.

US and UK will walk away as they always do (Iraq, Libya, Aghanistan etc), and without writing off debt incurred by Ukraine in buying US UK military hardware and CASH obtained to line pockets starting from Zelensky.

US UK will see objectives achieved; they will have weakened Russia, run down stocks of old military hardware, bolstering their defence industries...all without shedding their own blood.

I thought that at the time of Blinken visit. There is this solidarity in public with Ukraine but mounting pressure in private to engage in diplomacy. Counter offensive is going nowhere fast; all these statements on territorial gains and punching through in the south is all nonsense.

Further, G20 meeting in India not outrightly condemning Russia and not allowing Zelensky platform to address attendees was a set back. We already know EU wants a resolution and Sunak is set to join them to bolster his flagging leadership in the run up to elections next year.

I can see this counter offensive coming to an end before winter sets in.

Early this year, Gen Mark Milley actually said Ukraine should negotiate as he did not think counter offensive would succeed. He was leaned on by all around him to change his tune thereafter, so he knows where its all heading.

"There is a reason the UK left"

Think public opinion within Billy No mates Britain has now swung the other way; over 60% now wants to rejoin.