Member Info for JohnNth

"Why do you people have to be so horrid and reduce all discussion to the lowest level of disruption you can possibly manage?"

Cos you are one obnoxious annoying git!

SP bottoming out; can see this closing nearer 235p...not bad given events of past 24hrs and out and out fabrication/falsification of information surrounding from some section of community on this BB.

The verdict would be "You clearly are a dimwit for not doing your own due diligence...case dismissed."

big-blue ...you say "I do have other stocks in my portfolio. Oh yes I do! The details do not interest me, they chug along going up and down and are not due to mature for many months. No interest in the minutia of those stocks."

This gives the game away that you are most likely to be an option trader; highly likely you have taken a short position on POLY which is currently not delivering for you. You claim you don't hold any stocks in POLY but are camped out on this BB like a bad smell vehemently, vogorously and intensley exhausting all your energies trying to instill fear in people with stake in POLY. Really speaking, you're trying to save your own skin.......
I say to all, yes these are turbulent times for POLY which the company have done well to navigate so far. Yesterdays incident will no doubt create greater urgency within POLY management to come up with a viable solution sooner. POLY board have already said if the company loses it's London listing doesn't mean you lose your shares in the company. POLY have not lost it's London listing and in my opinion it will not do so in the near future either, but this will not stop some brokers or clearing and settlement service providers to stop handling POLY transactions; especially those with exposure to US and EU where sanctions regime may be more tougher. Further, in the current climate of record gold price, POLY without it's difficulties would be trading at somewhere near £16, so the risk is already heavily factored in in my opinion; so I'm keeping my cool and staying invested, ignoring the doom mongers for whatever their selfish reasons may be. POLY is a great company, trading normally, taking advantage of record gold prices, going about developing their infrastructure and mines, paying down debts all for the benefit of shareholders who will reap the benefits once stability returns. All wars come to an end and this one will be no different and end sooner as well as it is in europe.

big-blue...up to your conspiracy theories again? Intensity and frequency of your negative posting indicates you may have taken a short position on POLY, and so you're trying to knock it down at any small opportunity to save your skin. It must be otherwise why waste so much time on a subject matter you claim you have no equity stake in.
Best of luck to you...you're gonna need it.

It's worth re-iterating that even in worst case scenarios, investment is not lost; it just becomes difficult to trade or a long wait in liquidating shareholding. Let's hope it's something daft like a fat finger and trading resumes soon.

Just harrassed POLY IR again regards frozen sp, he said POLY is in touch with their corporate brokers and awaiting reply. He said LSE auction pause normally takes few seconds. I asked him direct question of possibility of POLY listing on LSE being suspended; his answer was "We don't know, but with what's happened over the past year, anything is possible...we simply don't know."

big-blue...you're clutching at straws here. and your sub £2 prediction is left in tatters. As a matter of fact, I spoke to POLY IR yesterday am immediately after publication of new Q&A. Person said to me POLY wants to avoid a situation where the company redomiciles to Kaz without providing liquidity to shareholders in any new setup and for this reason GDR listing on a recognised european exchange is a priority. Events may overtake such a scenario eg. more immediate sanctions in which case it also has to prepare for a nuclear option which would take away the liquidity cos the UK brokers may not deal with stocks in Kaz even though HMRC allows it for ISA and SIPP. He went onto say things at present are woking fine but situation remains fluid.

big-blue...."As stated in the official REAL Q&A. So which bank is it NONE! The company is still only negotiating with "British authorities" - not with a bank."
I would have thought the best people to negotiate such matters with authorities are the experts. POLY is not the expert and so they would be going through an investment bank eg. Goldman Sachs. Just few words mixed up......

For me, POLY remains a great company with great future, going through turbulence which we hope will be short lived. All wars come to an end, and IMO this war will end sooner than most people think.

Here's how I see it. Clearly the Q&A update have left many shareholders non the wiser; myself including. However, one thing became absolutely clear over recent days is that POLY will NOT be losing its Russian assets cos the speed at which it can re-domicle to Kaz if need arises . Yes this will cause turbulence for shareholders, but it is only a nuclear option of last resort at very short notice. My opinion is we will not get there.
Number of posters including the now infamous big-blue keeps banging about split of Russia Kaz assets whilst maintaining primary listing in unfriendly jurisdiction like the UK. IMO this would be too risky in view of weighting of Russia assets within POLY portfolio. POLY currently have negative cash flow from its Russian business due to huge capital expenditure projects started before the conflict. One big project will be completed in 2024 and so it will start turning cash positive from 2025. And by 2027 lions share of POLY profits will be from Russia. This proves how important the Russian business is for POLY's future. The fact that POLY continues at pace to develop Russia assets proves its confidence in maintaining Russia base; they could have paid off debts instead if it felt there was risk in losing Russia assets. There is more risk of losing Russian assets if the split happened whilst primary listing is maintained on LSE
However, issues remain with regard to liquidity in the event of redomiciliation to Kaz. In the current circumstances, GDR listing on LSE 'may' not be possible and the company have possible options to explore elsewhere. Clearly, Kaz is listed as approved on HMRC website for ISA's/SIPPS, but liquidity would be a problem. According to POLY there are brokers who offer dealing services to international clients in Kaz but this would be outside crest. In fact POLY itself uses brokers in Kaz to administer their stock options for employees, and details of these are listed in their website ( eg. https://emea.wood.com/news/wood-company-becomes-a-trading-member-of-the-astana-international-exchange-aix/ ). However, in the event of any redomiciliation, will the UK brokers transfer stock holdings to brokers in Kaz or will they just liquidate it and return cash to shareholders? Will sharholders have any confidence in holding shares in Kaz? As for me, I'm in it for the long term for the divis and so do not mind holding on AIX, which is a new exchange established in 2017. I feel the exchange will quickly gain ground through it's links with NASDAQ and Shanghai exchanges in the not too distant future; especially now that many companies are listing there for special reasons according to Forbes.
So, as for now redomiciliation remains work in progress and we await the next update in March. I'm certain POLY board have emergency measures in place should they need to use it to protect company assets.

"The AIX is part of a special jurisdiction regime, governed in accordance with English Common Law, which ensures a high level of transparency and corporate governance for issuers and market participants. The exchange is owned partially by the Shanghai Stock Exchange and NASDAQ, which also provides the AIX’s trading platform."

Chased up the new Q&A with POLY IR just now, and they told me it is imminent. Person said he has sent reminder to company legal dept but cannot force them. He said he is expecting it anytime soon; it could be this afternoon or tomorrow. It will be added to the website as soon as IR gets it.

New Q&A will be 'added' to thes pages. What you have currently is the Q&A posted previously.

I agree...it is an opportunity. Once conflict is over and peace agreement reached, it will remove geo-political discount from the sp and so should reach new heights eventually, asssuming satisfactory outcome to the ongoing litigation relating to Mr Zhevago. Low cost, low carbon, debt free iron ore producer inside EU.....

"The company explained that this is due to an ongoing investigation in Ukraine that relates to the "potential underpayment" of iron ore royalty payments during the years 2018 to 2021."
Means the authorities are investigating many iron ore companies in Ukraine regards royalty payments and so FXPO is not the only one to face such action and most probably won't be the last

"Furthermore, the Group notes that the nature of the Investigation is similar to two separate investigations previously faced by other major international metals and mining companies operating within Ukraine."

Nothing to worry about.

big-blue...nothing stopping you calling POLY IR to verify my posting, number is on the website. I asked direct question and the person did his best to answer. Once cleared by POLY legal dept, answers to FAQ's will be added to the pages below

https://www.polymetalinternational.com/en/investors-and-media/shareholder-centre/current-qa/

Just spoke to POLY IR and they told me asnwers to FAQ's are imminent. Document is with the company legal advisers (final hurdle) and as soon as POLY gets it back it will be posted to their website. It will not be published as RNS. He said it should be there by tomorrow.

@Minecheck...I disagree of FXPO prospects. I don't believe Russia wants to occupy as far west as where FXPO mines are nor the routes (Dnipro river) FXPO uses for export from Post of Yuzhny. Saying that, now that they have incurred heavy losses they will want more in any settlement than they wanted before war started. As I have stated many times since first days war began, this war could have been avoided, but Zelensky and Ukrained miscalculated Russia resolve.
I think FXPO will bounce back immediately on war ending and will benefit greatly from rebuilding Ukraine and tarriff free export to the EU. Further, cleaner iron ore will give it the further boost. It has cash in the bank to survive and no debt.
I think the west is hoping new armaments will help Ukraine gain some territory and give it a boost at the negotiating table, whilst Putin has ordered Russian troops to go in all guns blazing within weeks and capture more territory before peace talks commence. Me thinks Ukraine prospects looks bleak and Russia will withdraw back to it's boundaries (except for Crimea) as long as there is a solution for Donbas along the lines of independence or autonomous status within Ukraine and no NATO