RE: Will Mr Nesus Confirm Delisting At Investor Briefing on 9 May?3 May 2023 14:44
WOS...IMO not to delist from LSE is no longer fatal as POLY have survived few more rounds of sanctions since that update in Jan. Also, I can see we have turned the corner for the better as regards war where fatigue seems to be setting in and search for ending the conflict is gaining ground. The long run up to redom as set out by POLY few months ago was imo to see how conflict develops. Not to forget, POLY have said they can redom inside 8 weeks to Kaz if push comes to shove, but gave themselves 15 months instead to March 2024 to complete redom. I think the update will say redom is still on the agenda, the progress have been made but still more work remains to be done and thereby kick the can down the road. This will create temporary instability which will quickly subside with developments on war and peace fronts. In the meantime, strong gold prices and favourable exchange rates will stop sp going down much further than where we are today, and may be even upwards towards £4 as Kaz business alone is worth lot more than that. IMO also, POLY may yet deliver its best ever trading year given record gold prices and favourable exchange rates.