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I am not with either of the brokers, but excellent news for their clients holding POLY shares.
Just sit back and enjoy market busting divis........
No one other than Ukraine govt thinks counter offensive is going places. Further, favourable treatment of Russia at the recent G20 meeting and not providing Zelensky with platform to address G20 makes clear the view of the wider world who wants this conflict ended yesterday; which may now also include US and UK.
This war has almost run its course...look out for peace overtures.
Not only Ukraine's place is in the EU, but it will be the EU who will pay for Ukraine's reconstruction.
US and UK will walk away as they always do (Iraq, Libya, Aghanistan etc), and without writing off debt incurred by Ukraine in buying US UK military hardware and CASH obtained to line pockets starting from Zelensky.
US UK will see objectives achieved; they will have weakened Russia, run down stocks of old military hardware, bolstering their defence industries...all without shedding their own blood.
I thought that at the time of Blinken visit. There is this solidarity in public with Ukraine but mounting pressure in private to engage in diplomacy. Counter offensive is going nowhere fast; all these statements on territorial gains and punching through in the south is all nonsense.
Further, G20 meeting in India not outrightly condemning Russia and not allowing Zelensky platform to address attendees was a set back. We already know EU wants a resolution and Sunak is set to join them to bolster his flagging leadership in the run up to elections next year.
I can see this counter offensive coming to an end before winter sets in.
Early this year, Gen Mark Milley actually said Ukraine should negotiate as he did not think counter offensive would succeed. He was leaned on by all around him to change his tune thereafter, so he knows where its all heading.
"There is a reason the UK left"
Think public opinion within Billy No mates Britain has now swung the other way; over 60% now wants to rejoin.
" I wonder what the issue is with MoEx?"
Clearly it is not as straight forward for Russia as it was for Kaz and AIX. I presume Russian authorities will be thinking in terms of capital outflows resulting from POLY new set up, both in terms of divis and revenue from asset sale to citizens from 'unfriendly' countries etc. Right now with US$/Rub exch rate, business is extremely profitable in Russia; I believe Russia will account for up to 75% of total POLY profits this year and most will be paid out in divis to foreigners.
To facilitate all this and to convince Rus authorities, POLY needs to be listed in Russia, and this will only happen after much greater due diligence from Rus authorities.
Once POLY is listed on MoEX, it's engaging thrusters time and warp speed all the way to Mars...........
@BSR....
"Any idea when Polymetal will resume trading on the MoEx?"
See reply below from POLY Investor Relations
"MOEX has the discretion over this, and weβre eagerly waiting for their decision"
MOEX trading should've started by now; probably some approval issue with MOEX similar to when POLY started trading new shares on AIX when it was delayed by few days.
Fingers x'd for Monday.
Any message on this board hereon could potentially be the last message.
POLY closing price on LSE now removed from Polymetal website, which means POLY could be drawing its last breath on this board...could switch off at any time.
Instead of wasting money on Ukraine, UK should apply that money to pay reparations for atrocities and looting inflicted on the empire over 250 years and to countries like Iraq and Iraq whom we have bombed back to the stone age in recent years.
Sad thing is that we have not even apologised for our actions.
Have you noticed the trends affecting POLY.
1) Gold moving up again on the back of comments from Fed and elsewhere signalling rates have peaked.
2) Due to current high interest rates in US, exch rates against all currencies affecting POLY(Ruble, Tenge, Yuan) are favourable; especially teh Ruble for reasons already mentioned.
I've said before, 2023 will be the best ever year for POLY in terms of profit in its history, and this will trigger the third divi (annual divi) from profits to add to divis from sale of stocked up gold and sale of Russian assets.
"AIX has 14 equities. FOURTEEN. And you're al going to get rich quick on such an illiquid market?"
All this will be irrelevant once POLY disposes of Russian assets and then get a GDR listing in London. Yevgeny told me that back in May and that is why POLY Investor Relations is maintained in London.
Further, AIX is a recently set up exchange and very much in development stage. POLY have provided it with a massive boost and govt of Kaz have recognised this. Could it result in huge mining rights for POLY within Kaz?
I'm not worried at all cos I know I can sell my shares at twice the value if I chose to do so in an instant.
"Why are there no posts about people successfully trading on AIX?"
Obz only yesterday said they sold some at a profit, but overwhelming number are like me, in it for the long term. And why shouldn't there when there's huge divis on the horizon.
Bug-blue, with your non-stop adverse rhetoric, you must have dissuaded quite a few into selling and in many cases incur losses as well for which you will have to carry the guilt forever.
Even yesterday, you were saying POLY was worth absolute zilch.
I have doubled my money, which I would not have done had I listened to bug-blue. I'm not selling anytime soon either.
"We could be literally seeing the last days of cheap Polymetal shares."
We could also be seeing last days of this board; it will be gone by 1st Sept.
SP finishing on 340p on AIX. Volume is climbing but is not everything. You normally find volume in successful companies is lower as investors hold onto the shares as it is a one way bet...up only.
It doesn't provide the necessary erraticity for the day/option traders.
I would also expect tensions to rise between Ukraine and the West in the coming months; with Ukraine not showing gains and the West looking for value for money. Ukrainian leadership will be increasingly stroppy since their pockets are now bulging with cash; we saw an example posted by BSR yesterday where Zelensky said to US give us $5.0bn and we'll hold an election as you require.
West will demand progress and this will be met by demands of various sorts including CASH.
In the end, I believe the peace will be forced on the Ukraine by the West, in similar ways as peace was forced onto the IRA by the US and Ireland.
Corruption and profiteering from war in Ukraine is at an endemic level. Most top brass including Zelensky does not want the war ending or an election as that would call into question his stewardship of the country which has been abysmal costing millions in deaths, destruction and displacement of its people.
To be fair, proper elections cannot be held in these circumstances and that suits Zelensky, who will come out of this war with riches on par with the oligarchs.
History will not be kind to him.
"If so then why would they need bank details?"
To pay dividends which are paid in cash...not sausages.