Member Info for JohnNth

Second RNS is a vote of confidence where POLY is today. One would easily have thought in times of crisis and higher debt levels, the company would be on the defensive and consolidating position. It is doing more than that, it is shelling out money buying more assets and diversifying away from Russia at the same time.

With high gold price and favourable exch rates, cash is pouring out of POLY's ears atm; and like I've said before we're in for a bumper year.

POLY is in for a bumper year. Gold price is holding in the face of high interest rates (not normally the case) and with costs overwhelmingly skewed towards Russia (two thirds of all costs incurred in Russia), falling Ruble and low Russian inflation (2.5%) will reduce costs substantially. In fact benefit gained from favourable US$/Rub exchange rate can alone amount to half POLY current market cap by year end.

All things equal, POLY is worth in excess of £20

Sorry...I meant page 13

As important is the Russian inflation which is just 2.5%, which means POLY can pocket the entire benefit of favourable exchange rate

Every Ruble gained against US$ means extra $25m on EBITDA. Click below and see page 23 under 'sensitivity'

https://www.polymetalinternational.com/upload/ib/1/23-03-21/2023_03_16_Financial_results_2022.pdf

Computershare can do that right now cos POLY is still listed on LSE. I don't think they will be able to do that when POLY redomiciles and delists from LSE.

It has taken few months, but POLY is now ready to be redomiciled. Pressure is off for now and POLY board are taking time to wrap up remaining formalities, which they can speed up if need arises. There isn't any talk just yet of further sanctions which does help matter.

IMO, POLY will assess the war and if there's no chance of an early end, they will be looking to pay divis in Sep/Oct, and this can only happen if company is redomiciled. If there are 'serious' peace overtures in Aug/Sep, then they may decide to put redom on freeze and see what happens.

In the meantime however, this all creates lot of confusion for S/H who may end up bringing shares back to UK shores if all goes right on the war front.

I myself have not taken any action as yet except request the certificate which I received last week. I will not be doing anything with it until delisting vote is taken and there is certainty of a redom.

I posted below message on 2 March 2023.

RE: Levels of support and the big boys . . .2 Mar 2023 22:59

Regards re-domiciliation, I do recall talking to POLY investor relations on few occasions, and impression I got was that they wanted to get POLY absolutely RE-DOMICILE READY but not actually pull the trigger until the very last minute and when they feel forced to do so. POLY IR also stressed to me on more than one occasion that 'all wars come to an end', so placing hopes on war ending so they don't have to make the decision. I think 12 month lead time (which is more than ample) to any 'potential' re-domiciliation supports these assumptions!

Lend Lease is not free and it is a win win scenario for the US. Lend Lease program is not a cheap one, and America's evil intention is obvious. Support Ukraine to fight to the last Ukrainian by providing them with so called military aid, then ask future generations of Ukrainians to pay for all the ammunition, equipment and food that the US will have provided. Just ask the Kuwaitis...US spent just under $7bn in 1990 and ended up paying back $16bn in few years. It took Britain 61 years to pay back WW2 debt to US. We're not even mentioning the profits the US arms manufacturers make.

"The US is a vampire who makes money from chaos and war. Ukrainians' blood will be sucked by the US not only now, but also after the war is over."

Bytheway, Iraq was made to pay $52bn to Kuwait for the illegal invasion lasting few weeks in 1990, but US paid no reparations to Iraq, Libya, Syria, Afghanistan to name but a few of its victims of illegal invasions.

I've noticed bug-blue likes to have a good rant when he loses argument. Not the first time it's happened in response to my comments....

"The attrition rate is well below the Russian'

Link doesn't verify your claim above bug-blue. Further, it is a view of US UK and both said Nord Stream was blown up by Russians and both (along with Ukraine) did not agree to UN led inquiry on blowing up of dam in Kherson.

Where are these numerous verified reports you are talking about bug-blue?

STOP the bluster and provide proof to back up your claim. This is typical of you bug-blue, going off on a tangent when found out to be inaccurate, inadequate or out and out lying

"The attrition rate is well below the Russian'

Where do you get this from? Source please...Thank you.

Ukraine never publish any figures of it's own losses but readily make comments on Russian losses almost daily. Russia doesn't publish its losses either but it rarely makes comments on Ukraine 'human' losses.

Bug-blue feeds off 'selective' western media reports which also said Russia blew up Nord Stream gas pipeline, that Putin has cancer in his balls and about to die, that HIMARS and the western tanks would be game changers etc etc.

Deserter problems affects both sides and in different manner. Russian men of fighting age might say this is a pointless war and so run away from it, whereas the Ukranians might say it's a war we cannot ever win so why jump into the fire. Danger is greater from Ukraine angle as they are trying to win back territory, and amongst all the talk of winning the war, the view is unanimous in that the side trying to win back territory (assuming all things equal) incurs far more losses than the side defending; both in terms of equipment and lives...up to 3 times more. If you were Ukranian and aware of this, you would not want to fight.

The way you have been going on of late, one would conclude you are crooky's mouthpeace.

Wolfie...you are coming up short repeatedly of late; and STOP making guesses. You didn't say you were guessing when you first made the comments.

"Mooky was due $200m dollars if Cineworld returned to pre pandemic levels."

Guardian article states

"Investors in Britain’s largest cinema chain have approved a controversial incentive scheme that could result in bosses being awarded more than £200m in shares"

It appears any incentive package was based on awarding of shares. Hence, if shares are worthless how comes the mookster walks away with $32m.

Further, it was pretty much clear over a year ago that CINE was all but bankrupt. And if any incentive awards were based on returning turnover to pre-pandemic level, is it reasonable to assume that reason for taking CINE into Ch 11 was only to benefit the mookster? To allow him time to recover the turnover and thereby trigger his hefty bonuses?

You are confused bug-blue, so I'll simplify it for you. click below

https://www.bing.com/images/search?view=detailV2&ccid=DRnTsz40&id=D7F9D3BE9147889DD5A40CD9D519461529D406F4&thid=OIP.DRnTsz40npaGxPCdZ0LNTQHaE3&mediaurl=https%3a%2f%2fd1-invdn-com.akamaized.net%2fcontent%2fpice6cedab463ba513805f1fdc0835a1b5d.jpg&cdnurl=https%3a%2f%2fth.bing.com%2fth%2fid%2fR.0d19d3b33e349e9686c4f09d6742cd4d%3frik%3d9AbUKRVGGdXZDA%26pid%3dImgRaw%26r%3d0&exph=512&expw=779&q=relationship+between+gold+and+US+interest+rates+chart&simid=607989343268909978&FORM=IRPRST&ck=63315C457C711468E323459306607819&selectedIndex=7&ajaxhist=0&ajaxserp=0

There's very little impact right now of Russia/Ukraine war on price of gold as there is increasing belief it will be contained between the two. But de-dollarisation is happening and demand for gold is outstripping supply. High interest rates in the 'US' is suppressing the price but this is more than offset by de-dollarisation led demand for gold. If interest rates in the US were say 3%, price of gold would now be somewhere near $2300 per oz.

There's always more than one factor impacting price of gold, but until now interest rates in the 'US' was the main factor as shown in chart above. De-Dollarisation will be around for a while and the simmering conflict between US and China will add further rocket fuel to the price of gold.

So as far as gold is concerned, it's "beam me up Scottie....warp drive all the way to Mars"

"err excuse me but err interest rates? political instability? inflation? So non of these macro variables has anything to do with gold as a safe haven?"

Bug-blue, you have once again demonstrated you are completely clueless, and not for the first time.

Historically, price of gold and interest rates have an inverse relationship. Since higher interest rates make fixed-income investments like bonds more attractive, money flows out of gold and into high-yielding investments as rates rise ie. higher the interest rates, the lower the price of gold.

But this has not happened this time despite highest interest rates in 20 years as demand for gold (resulting from de-dollarisation) have more than compensated for the fall in demand for gold arising from higher interest rates.

Do you get it bug-blue?