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"don't you have anywhere to go when it's closed?"
Have you asked yourself the same question. No one on this board have posted anywhere near the amount of comments you have eg. you have posted nearly 20 times what I have and I've been on here for over a year. And not to forget, you are not even invested in POLY.
"It had been all ok before Ukraine started banning a use of the Russian language and turned out to be anti-Russian in many other respects"
Valid point indeed. There had been tensions in eastern Ukraine for a while emanating largely from right wing elements inflicting atrocities on the ethnic Russians who then with the help of Russia took up arms.
The Minsk agreement if you like was Ukraine's Good Friday Agreement; signed by Ukraine, EU and Russia and got the blessing from the wider world. As it is within Ukraine, the onus was on its government to create an environment which fostered peace and stability which they failed to do. It took turn for the worst when Zelensky got elected who not only embraced the right wing elements like the Azov Batallion, but commenced process to de-Russianise anything and everything Russian, including within the predominantly Russian areas.
Compare this to what UK did in Northern Ireland. UK did not wait for the guns to fall silent, but working with the Irish government went about creating a devolved government and many other confidence building measures which resulted in the Good Friday Agreement.
With few additional factors, situation reached boiling point and we are where we are.
I think there's a chance we may get 3 divis by middle of next year. One arising from unwinding of Russian gold inventory; then another from sale of Russian assets; then a third as an annual dividend from profits earned. IMO, given very buoyant trading conditions, the three could add up to as much as 150p per share.
I really do hope this board sticks around to celebrate.
" Absolute muppets"
You're the muppet bug-blue for missing out on opportunity to double your money...sour grapes eh!
This monster will go higher and higher and to new heights in the not too distant future.
Watch this space!
Bang on BSR...there's a lot of mileage left in POLY. Given gold trends in the past year DESPITE high interest rates, there's no reason why POLY cannot eclipse previous heights reached 3 years ago.
Expect volatility for few days as the shares bought cheaply by market makers in last days before LSE suspension gets sold. They will have more than doubled their money as we predicted they would.
I expect POLY to be on an upward trajectory within a week or two.
Very positive update. Here's my take:
Excellent first half with both income and profits up
Income slightly dented: Russia gold sales channels impacted due to sanctions
This has led to inventory build up which POLY aims to liquidate by up to 80% by year end
Divis by year end largely paid out of unwinding of Russia inventory
Russia business will be sold, though no buyer found yet
It will not be a fire sale and sale process will be behind closed doors due to sensitivity
Mr Nesis believes there will no risk of hold up with the sale from Russian authorty
If and when sale is completed, part proceeds will go towards paying divi (2nd divi)
By the time Russian business sold, POLY Kaz will be debt free
Russian gold is fetching approx 1.5% below market value (no big diff)
POLY have not purchased any more shares to add to already held in Treasury
Positive comments about various POLY infrastructure projects in Kaz
We could end up with not one, but two divis by next March!!!
IN NESIS WE TRUST
No fire sales of Russian business; objective to obtain full value for shareholders
Trading on AIX commences tomorrow says Vitaly Nesis
Mr Nesis just confirmed divis by year end............
Limited information available at present. It seems income has risen but so has the debt...slightly on the back of sanctions-related sales disruptions in the Russian business; which could only mean the stocks have risen. These stocks will be liquidated in the coming months, possibly at a higher price which in turn should deliver a bumper year.
Of course, we await more details in the conference later.
This is widely reported even in normally anti Russian papers today.
https://www.msn.com/en-gb/news/world/ukraine-highly-unlikely-to-make-major-breakthrough-in-bitter-pushback-against-putin/ar-AA1eYf2i?ocid=msedgntp&cvid=b7c38841440c41d88de2903d24d45730&ei=12
Bb69...think you're on the money there. It would have been nice if the shares started trading 2 days before interim update which is due tomorrow.
Only thing getting in the way in the first few days are the cheap shares scooped up by the market makers who imo will rush to sell at first opportunity as the company is still heavily exposed to Russia.
The update will be good, no doubt due to trend in gold prices and US$ to Rouble exch rates and production will be similar to levels in 2022.
A surprise would be POLY announcing they themselves purchased loads of POLY shares cheaply to add to the shares held in the Treasury.
I emailed POLY IR when the new shares will start trading on AIX and MOEX. I got the following reply:
Possibly tomorrow
It is AIX and MOEX decision
XXXX XXXX
Thanks BSR...I've just done it; better that way.
You also have high propensity to resort to vile language, like against BSR other day, so I will refuse to respond.
Carlt..I've noticed when you lose argument you resort to vile language. remember when I posted a response few weeks back to your comments on so called 'rentards' on LLOY. When I proved to you the economies with higher housing rental sector were more successful than those which had high ownership. You had no answer and you responded with such vile language the lse had to delete the thread.
Carltt, you have time again proved yourself to be devoid of facts or substance. Your comments provides testimony to that.
There most certainly won't be peace on terms Zelensky demands which is Russia to go back to 2014 borders and then NATO to sign up Ukraine guaranteeing those borders.
Anyway, Saudi conference has to be treated for what it is. Ukraine called for it and Saudis agreed to host it.
Saudis in recent years are feeling left behind by its tiny neighbour Qatar which is punching far above its weight. It own the popular Al Jazeerah news channel, it played a crucial role in the JCPOA agreement signed between P5+1 and Iran in 2015 and hosted a successful World Cup to name but its few achievements. Saudis feels the need to up their game and hence paying millions to attract soccer players, hosting lucrative golf tournaments and now this conference.
Ukraine decides who attends the conference and of course will also set the agenda. To believe the resolutions agreed upon will be taken to the UN to be rubber stamped is simply for the birds.
As I understand it, Ukraine can have everything other than Crimea back at the negotiation table now if they pursued that path. Russia right from start demanded Ukraine provide devolution to Donbas, enshrine protection for ethnic Russians and drop bid for NATO membership.
Russia was NEVER going to withdraw for Crimea as it belonged to them anywhere until recently. And now that Ukraine is dead keen on NATO membership, Russia will not agree to Donbas being part of that agreement and would insist on its independence from Ukraine.
All deaths, destruction and displacements could have been avoided had Ukraine had someone competent in charge instead of comedian Zelensky.
BSR correctly points out POLY has ben de-risked. I'm also open to the idea of the company splitting and giving shareholders shares in each (POLY Kaz and POLY Rus) and let them decide what they do with it. With its vast mineral resources, shares in POLY Russia would be worth holding just for the divis. I'd rather company does that, instead of selling it cheap.