Member Info for JohnNth

"It’s compensation for loss of office."

I recently got made redundant recently after having been employed for 10 years and got 40 weeks redundancy pay and that is generous. The mookster have been CEO for less than that so why should he get equivalent to over 20 years pay (1000 weeks salary). It is not justified even if you worked on the basis his employment continued from the time he joined Cinema International 3 decades ago, in which case he would have got just over 2 years worth; unless he awarded himself a contract which he states one year redundancy pay for every 6 months worked.

Wolfie, any small credibility you have built, you are losing it in super quick time. Next time, think before you write, and make sure you make sense as well.

The mookster will be lending his same crooked brain as consultant, so why is he getting paid many times more than his remuneration when CEO.

Wolfie...your time on this bb has expired so on behalf of many here, why don't you scram?

"That's not true though is it. He's not even on the new board and is only being retained as a consultant to aid the transition."

Classed as consultant is only a smokescreen. How comes he is getting many many times his annual remuneration as consultant compared to his remuneration as CEO. Mookster is paid the huge sums so he co-operates and poses no difficulties using his 20%+ shareholding for the Newco. His CFO Mr Cohen will also be paid to stop him spilling beans on mookster's activities in the past year.

Mookster is a convicted criminal and a fraudster.

"He's lost a fortune giving he owned 20%."

Mookster secured himself a payout of 7.5p per share solely based on his shareholding. He will add nothing to Newco except not make their life difficult. He secured a bit for his CFO cos he knows what fiddles he was up to so the payout keeps CFO sweet and onside.

He sold remainder shareholders down the river.

"The only people who are coming out of this smelling of roses are the lawyers.!

And the mookster. Not only he got $32m, but had a hand in the till for the past 12 months as CINE is also a cash business.

POLY sp is converging with price on AIX which is 215p. Expect it to reach that level by July 17th.

What is the purpose of valuing CINE business now unless creditors wants to invite more investors. It has no bearing on the position of shareholders. Further, either method used for valuation requires guesswork/assumptions and therefore subjective.

The fate is decided and creditors will cease control of the business anytime soon.

Mookster abandoned all accountabiliy since CINE entered Ch 11 and shareholders haven't kicked up a fuss either, and have not even called for their sacking/resignation. He has gotten away with it so why should he change now when the company's fate has been decided.

Mook the crook will remain busy milking CINE for every penny he can until it is handed over to creditors.

The Truth9...STOP pedalling lies.

Kazkhstan have never defaulted on debt which currently stands at about 25% of GDP; a quarter as compared to UK measured in GDP. Here is a list of countries which suffered debt crisis in the past 100 years and Kaz isn't one of them.

https://en.wikipedia.org/wiki/List_of_sovereign_debt_crises

Countries like Kaz do suffer disproportionately in times of global crisis, but there's an air of stability settling in over past 15 years or so. It is one of the biggest countries in europe, rich in resources, geographically well placed and population of less than 20 million. If you were a Kaz citizen, you would look at the future with confidence.

Forecast for All in Sustaining Cost (AISC) per oz is provided by POLY; look at my post at 12.30 today. Lot of data in there and all one needs to know to arrive at an approximate figure. Also you can pick up info from link below.

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

Compared to 2022, favourable movement of US$ to Ruble exchange rate (assuming it is at around 85 Rubles for 2023) alone would be worth nearly half todays POLY market capitalisation.

Eg. change in 1 Ruble exch against US$ above 65 adds $25m to EBITDA. Average for first 6 months is about 79 Rubles, but it currently stands at 91 Rubles. If it shows 85 average for the year, that is $500m just attributed to Ruble exchange; not to forget the very low inflation of just 2.5% in Russia. Add to this the higher gold price and tumbling energy costs...all of a sudden it's beam me up Scottie time and warp drive all the way to Mars!!!!!!!

BSR...numbers are facts (obtained from POLY website or statistic sites on the net), I have not invented them.

Based on the numbers, I made a calculation and this bit is my opinion. I have qualified my opinion on assumption that the current trend holds for the rest of 2023. It would have been boring if I set about explaining how I arrived at the profit, and so providing data people can make their own judgement. I'm sure someone will come along and shed more light on figures.

I extracted info from POLY presentations and various other sources. Lot of useful information there, and it doesn't take a genius to know that POLY is in an excellent place and shareholder patience will be well rewarded. I personally don't have an ounce of doubt about POLY's future.

Bug-blue...I stand by all I've said: What's wrong with it? I have relayed info received from POLY IR where I thought it may be of use to POLY shareholders. Everything you have reposted in my name is correct.

Main contributory factors:

Price of gold holding up remarkedly in the face of high interest rates

US$ to Rub exchange rate very much in POLY favour and low Russia inflation

Energy costs stumbling

Future reduction in cash and stock levels

To add to earlier post, energy comprises very large part of the costs and the prices have tumbled in recent months adding more to the bottom line.

Whilst we're all trying to sort out move to Kaz, there's a small matter of interim figures POLY will be putting out in the next few weeks. I believe this will make an excellent reading and the second half will be even better. Difficult to predict exactly, but POLY is in line to makes in excess of $1.3bn profit before tax for 2023, which is higher than POLY market cap today standing at £930m.

By end 2023, if current trend continues, I'm expecting POLY to pay out about 80 cents per share in divi and reduce debt by approx $700m at the same time.

Key financial data:

Average gold price last 6mth approx $1,930 oz

Average silver price last 6mth approx $23.5 oz

Average $ to ruble exch last 6 mth 79 Rub

Average $ to Tenge exch last 6mth 450 tenge

Two thirds POLY costs incurred in Rubles; one third incurred in Teng and other

100% income is in US$

POLY debt: Total debt at 31 Dec 2022 = $3bn (net debt $2.4bn)

POLY debt held in currency: 64% US$, 28% Rubles, 7% in CNY, 1% in EUR

Debt split: 74% Poly Russia, 26% Poly Kaz

Debt maturity: Over next 10 yrs with $1.7bn expiring by 2026

Inflation: Russia 2.5%, Kaz 14.6%

Average interest rate: Estimate 5.5%, mostly fixed rate

Budget: All in sustaining cost 2023 = $1300 - $1400

1 Ruble movement above 65 Rub to $ adds $25m to EBITDA (saving on costs and loan rpyts)

Each $100 oz above $1,800 oz adds $160m to EBITDA

POLY Forecast: 2023 1,700 Koz production

POLY Forecast: 2023 Price Gold $1,800 oz; Silver $20 oz

POLY Forecast: 2023 Capex expenditure $700m-$750m

Salient points: In view of surrounding uncertainties, POLY held $600m in cash as at 2022 YE and increased stock of equipment/materials needed significantly as caution to any further sanctions. Stock of gold/silver stock also increase. Once redomiciled and split happens, cash balance can be reduced and stock levels can be reduced.

Thank you Nostradamus!