Member Info for JohnNth

Countless examples around of companies with dominant shareholders failing spectacularly eg. Maxwell Comm, Polypeck, Brent Walker. In this instance though I think mookster wants to hold onto the RoW business for himself and CINE actions in the past few months supports that imo.

Tegsy...how many times have we witnessed directors betraying their fiduciary duties? Go onto CINE site and see the close up people to mookster. His brother is deputy CEO, guy called Cohen in Israel as the CFO etc etc. The setup should ring the alarm bells.

I very much hope Im wrong, but my head tells me its not going to end well for ordinary shareholders.

ATB

Wolfie...he doesnt have to find the money to clear debts, he just have to find enough and bid/pay more for the company than any other bidder. The mookster put RoW assets on sale to gauge value to potential bidders and so give him idea as to how much to raise to clinch the business. As soon as he has put financing together, I reckon hell pull the rug. Any extensions granted/obtained is to suit the mookster and not wider sharteholders.

Wolfie...so youre saying the judge is keeping an eye on the mookster on the beach in Haifa, Israel. He doesnt have to spend company money in doing back door deals, and even if he did how would anyone know? He is running the company as normal and imo will let it go when his funding is up and ready to go. You watch, the mookster will be in there...in like flint!

As we speak, the mookster is probably busy putting together the required funding to clinch the deal for RoW assets from creditors. An offer over and above that offered by hedge funds and ready cash imo would tempt creditors into a speedy deal with the mookster.

Tegsy...mookster may have only put CINE RoW assets for sale to gauge valuation which he now has. He can now take CINE into bankruptcy and offer a bit more for the same assets to creditors who would be tempted given speed with which the deal would be concluded.

Why would the mookster want to share with CINE shareholders when he can have all to himself?

Ill have a sip of cha to that Chaiwala...nothing wrong with dreaming.

ATB

I Think this looks pretty bad IF true! Could mean the case gets heard all over again.

Also, could this have anything to do with sudden departure of Jim North 2 weeks ago.

No company predicts specific dividend value in advance, and for companies like POLY it is unwise as well as it has not redomd yet. POLY did say "The key objective of any re-domiciliation will be to preserve shareholder value, restore our ability to pay dividends

and increase the strategic flexibility to conduct our operations, as well enabling us to pursue different strategic developments for the Russian and Kazakhstan businesses."

POLY is having a bumper year and Im expecting it to declare its next divi in September subject to it clearing hurdles from both Russia and the west.

H118...it a no brainer. POLY Kaz returns to London in 2023 getting all your money back and the same again at the very minimum. POLY Rus will have superb assets and will deliver really high divis once sanctions clear. And even if POLY Rus is lost, we still have made money.

Https://seekingalpha.com/article/4604496-polymetal-international-path-to-restoring-shareholder-value

A must read article

I can see this one ending like I mentioned late yesterday. CINE shareholders gets wiped out and Mookster buying up a portion of RoW assets for a knock down price from creditors once CINE declared bankrupt.

I hope Im wrong

ATB

I thought Nesis is the head honcho. Without him say so, redom would not even be put to shareholders. And the whole idea of redom is to protect/maximise shareholder value, and the value gets maximised if there is a split and POLY Kaz relists on London.

Bytheway, POLY IR confirmed this to me last week as well.

I have 3 questions

1) Do you have to be Kaz citizen to operate Tabys?

2) What is the commission rate if any on divis recd through Tabys?

3) Is there divi reinvestment option for shareholders using Tabys?

Maidit..."don't swipe the whole CO inc equity for £4.5b when we are worth at least $10b"

In cases like CINE, the company is only worth what someone else is prepared to pay for it. And in any case the $10bn you are talking about is largely made up of intangible assets like the goodwill, ie you are valuing thin air surrounding CINE at $10bn.

Let me float another scenario...what if the mookster does a back door deal with lenders whereby he surrender all CINE assets, do in the shareholders and then buys back with his own resources the RoW business from lenders at less than true valuation? What is to stop him doing that? Once assets goes to the lenders, they can do what they like. In fact, they may struggle to sell the assets and have a ready a buyer in mookster.

I am surprised that FXPO have not as yet worked out transport to take the ore by rail to ports of neigbouring countries for export. I cant see the transport route using river Dnipro (as used by FXPO before the war) to open until after war is over.

I am with ii and they told me I can have the certificate at a cost of £42. They told me I can order it now if I want to, but Im going to wait until after the vote on 30th May as there will still be plenty of time left.

Further, divi reinvestment is offered by the company, in this case POLY so broker I thought would have nothing to do with it except to notify the company of your preference.

I stand to be corrected on this.

YAK...we all have our opinions on such issues but no one should condone aggression of any kind. I also think Ukraine and Zelensky got it wrong before conflict started and that they should engage in peace talks asap. I cannot support any invasion or killing of people and I think most if not nearly all feel this way on this bb.

OBZ...reinvestment of divis is a shareholder action so I presume Tabys should allow that under you preference, and you should be able to change that as well to suit as and when. I also intend to reinvest divis until I feel POLY have reached proper shareholder value.