Member Info for JohnNth

Very positive update. Here's my take:

Excellent first half with both income and profits up

Income slightly dented: Russia gold sales channels impacted due to sanctions

This has led to inventory build up which POLY aims to liquidate by up to 80% by year end

Divis by year end largely paid out of unwinding of Russia inventory

Russia business will be sold, though no buyer found yet

It will not be a fire sale and sale process will be behind closed doors due to sensitivity

Mr Nesis believes there will no risk of hold up with the sale from Russian authorty

If and when sale is completed, part proceeds will go towards paying divi (2nd divi)

By the time Russian business sold, POLY Kaz will be debt free

Russian gold is fetching approx 1.5% below market value (no big diff)

POLY have not purchased any more shares to add to already held in Treasury

Positive comments about various POLY infrastructure projects in Kaz

We could end up with not one, but two divis by next March!!!

IN NESIS WE TRUST

No fire sales of Russian business; objective to obtain full value for shareholders

Trading on AIX commences tomorrow says Vitaly Nesis

Mr Nesis just confirmed divis by year end............

Limited information available at present. It seems income has risen but so has the debt...slightly on the back of sanctions-related sales disruptions in the Russian business; which could only mean the stocks have risen. These stocks will be liquidated in the coming months, possibly at a higher price which in turn should deliver a bumper year.

Of course, we await more details in the conference later.

This is widely reported even in normally anti Russian papers today.

https://www.msn.com/en-gb/news/world/ukraine-highly-unlikely-to-make-major-breakthrough-in-bitter-pushback-against-putin/ar-AA1eYf2i?ocid=msedgntp&cvid=b7c38841440c41d88de2903d24d45730&ei=12

Bb69...think you're on the money there. It would have been nice if the shares started trading 2 days before interim update which is due tomorrow.

Only thing getting in the way in the first few days are the cheap shares scooped up by the market makers who imo will rush to sell at first opportunity as the company is still heavily exposed to Russia.

The update will be good, no doubt due to trend in gold prices and US$ to Rouble exch rates and production will be similar to levels in 2022.

A surprise would be POLY announcing they themselves purchased loads of POLY shares cheaply to add to the shares held in the Treasury.

I emailed POLY IR when the new shares will start trading on AIX and MOEX. I got the following reply:

Possibly tomorrow

It is AIX and MOEX decision

XXXX XXXX

Thanks BSR...I've just done it; better that way.

You also have high propensity to resort to vile language, like against BSR other day, so I will refuse to respond.

Carlt..I've noticed when you lose argument you resort to vile language. remember when I posted a response few weeks back to your comments on so called 'rentards' on LLOY. When I proved to you the economies with higher housing rental sector were more successful than those which had high ownership. You had no answer and you responded with such vile language the lse had to delete the thread.

Carltt, you have time again proved yourself to be devoid of facts or substance. Your comments provides testimony to that.

There most certainly won't be peace on terms Zelensky demands which is Russia to go back to 2014 borders and then NATO to sign up Ukraine guaranteeing those borders.

Anyway, Saudi conference has to be treated for what it is. Ukraine called for it and Saudis agreed to host it.

Saudis in recent years are feeling left behind by its tiny neighbour Qatar which is punching far above its weight. It own the popular Al Jazeerah news channel, it played a crucial role in the JCPOA agreement signed between P5+1 and Iran in 2015 and hosted a successful World Cup to name but its few achievements. Saudis feels the need to up their game and hence paying millions to attract soccer players, hosting lucrative golf tournaments and now this conference.

Ukraine decides who attends the conference and of course will also set the agenda. To believe the resolutions agreed upon will be taken to the UN to be rubber stamped is simply for the birds.

As I understand it, Ukraine can have everything other than Crimea back at the negotiation table now if they pursued that path. Russia right from start demanded Ukraine provide devolution to Donbas, enshrine protection for ethnic Russians and drop bid for NATO membership.

Russia was NEVER going to withdraw for Crimea as it belonged to them anywhere until recently. And now that Ukraine is dead keen on NATO membership, Russia will not agree to Donbas being part of that agreement and would insist on its independence from Ukraine.

All deaths, destruction and displacements could have been avoided had Ukraine had someone competent in charge instead of comedian Zelensky.

BSR correctly points out POLY has ben de-risked. I'm also open to the idea of the company splitting and giving shareholders shares in each (POLY Kaz and POLY Rus) and let them decide what they do with it. With its vast mineral resources, shares in POLY Russia would be worth holding just for the divis. I'd rather company does that, instead of selling it cheap.

BSR...I agree. Key points are:

Over two thirds of costs incurred are incurred in Russia, and each Ruble gained in exchange by US$ adds $25m to the profit. In CINE forecasts, they factored in $68 Ruble to 1 US$; it averaged approx $78 in first 6 months and over $90 since 30 June.

Gold price has held despite very high interest rates due to de-dollarisation

We're in for a bumper year, especially the second half of 2023.

I'm just hoping this board stays around to witness the rise in sp.

RazB..I think you're right; it won't be long before this bb is taken down. On a positive note, I am completely blown over by eagerness on the part of many to assist each other in navigating the course POLY decided to undertake; exodus to Kaz (land of goats and Borat) is on a biblical scale, not achieved by any other company.

IMO Nesis the Moses has saved//delivered for the shareholders.

Bug-blue...no matter what one says about EU, it will be the EU which will end up rebuilding Ukraine...NOT US or UK, who have a history of destroying countries and walking away.

Poland/Ukraine...think they've recalled envoys, and countries don't do that easily.

It is clear countries like Poland wants to support Ukraine as long as others carry the burden of providing money like US UK. Not only they do not want to help Ukranian farmers, they will also be the first to object, and already sounding out alarms at Ukraine being granted fast track membership to the EU cos they will have to share the EU grants. Non of the EU begging nations (Poland being the biggest) wants to grant Ukraine membership any time soon.

POLY shares on AIX now suspended and we await trading in new shares to start next Monday. It could be very volatile to start with, even taking a dive in view of all those shares bought out cheaply in the past few weeks by market makers.

First half production update within couple of days after should calm things down before shares starts moving up.