Member Info for jonny_five

Just topped up at 0.63. Nice opportunity on the dip

Im in. Something brewing I think. Nigh on impossible to buy atm

No we cant "all see dilution is on the way". Thats because we have actually bothered to read the RNS's and know there is no need for one.

I agree. Im in this morning.

"Citi expects only three miners (Polymetal International Plc, Randgold Resources Ltd. and Goldcorp to deliver a positive production compound annual growth rate over the next five years." http://business.financialpost.com/investing/trading-desk/ranking-the-worlds-gold-producers?__lsa=12c2-2414 Article from today

Ha yeah there's a few people that do that! I can't fathom why people still believe that nonsense. Anyway, this is well and truly in the buy zone again the moment. Running at a 50% discount to shares and cash worth alone, nevermind anything else.

And it is £23M 26.7M Euro = 23M pounds.

Cash equivalents in this case which could be materialised in an instant. These are shares in, as of next month, a FTSE 100 company.

27 Million Euro cash and cash equivalent as of end of June - Now with POLY shares going much higher, will be nearer 30 Million. Over 6 Million Euro profit in first six months. Whats the MCap again?

out

Especially with interims coming up and POLY shares reaching new highs.

This was in POLYs Q2 quartely report; "Polymetal continued to generate free cash flow in Q2 and paid a US$ 55 million final dividend. Free cash flow generation is expected to be significantly stronger in 2H driven by stronger production and the traditional seasonal working capital drawdown." Even bigger dividends coming our way?

Shares in POLY = £16.6M Cash in bank = £5.6M TOTAL CASH EQUIVALENT = £22.2M Other assets worth £20-25M Leant a $6M loan out in 2014, which has a default on and 12% interest PA accruing, being actively recovered. Whats not to like for a 10 MILL MCAP??

Sorry that should say shares in POLY increased by 100% to 15 MILLION. POLY now also in line for entry into into the FTSE 100 which should further stoke interest there.

Yeah should be a good couple of weeks. Worth remembering 45% of shares not in public hands and CEO recently bought 18% of those. Shares in POLY increased over 50% to a value of over �15 MILLION �5 MILLION in cash Gold assets worth in the region of �20- �25 MILLION �6 MILLION in loans lent (plus 2 years interest already accrued in default)) due back 8 million shares already bought back in share buy back scheme. All for a 10 MILLION MCAP

People need to do their research on this one to see just how undervalued it is. I expect it to move up as more people cotton on.

Summary courtesy of "ivelostthelost"

£25-30 mill in assets They own 1405000 shares in poly £11.30 a share today £15.8 mill worth The divi pays the companies expenses each year £5.6 mill cash Russian gold miner 44 mill free float 81 mill share in issue Owed £6 mill from company went bust they claiming back And wait for it a share buy back scheme lol Moves on nothing

Yeah its only going one way, inevitably up. The company acquired Aerocrine for £139 million last year and have over £130 million in the bank. That covers todays. MCap already, never mind all the other core projects. No way was the allergy programme worth two thirds of the company, which is what value has been lost since last months announcement. Drop is way over done. This is a cracking medium and long term hold

Recovering nicely today