RE: Reason for the rush14 May 2023 23:51
MMT...yes most definitely. Russia have refrained from nationalising assets of companies based in the west but I think they take the view theres only so much they can stomach in terms of western sanctions and feels the need to retaliate to make the west think again. I dont think they would nationalise assets but take it under temporary Russian control as they have done with German and Fin energy companies in March.
Also, in their last YE update, POLY did say the gold reserves had fallen as at YE 2022, and this is probably down to the fact theyve been frozen out of bidding for any new mining licenses in Russia. POLY may be thinking this is the right time to be getting such licenses as there is lot less competition. Of course other factors such as divis as well.
As it has proved so far, think it was a master stroke and I can see sp rising to 3 quid run upto the vote and higher once redom approved.