Does anybody see good news for share price on the horizon?29 Mar 2024 16:21
We seem to be locked on a roundabout, a day or two of rises, a day or two of drops. Net result nearly zero. Why is this, considering the gold price rise? (Remember costs are now fairly fixed so if 50% a 10% gold price rise makes a 20% profit rise). The share price is too easy to drop on a few hundred shares. This seems to me like a game of attrition by the new holder, to buy the shares of the other holders on the cheap, whilst the company goes about its day to day work of building a large cash pile, "Long term growth".,(No mention of dividends at all), "long-term free cash flow", this may be an indication of the intent to build up enough cash to finance/finish the Kaz POX with no additional borrowings. it certainly does not point to any dividend payments either.
I may be slightly negative ATM but what propels a share price? Dividends and/or expected future performance, and publicity. The first point is I think answered, as for the second, well, this market is too easy to manipulate (by the big boys), as for the third, it's not going to be on the pink sheets radar much is it! I see nothing to establish a confirmed timescale to return to the LSE with it's inherent fluidity any time soon, this being the only thing I see changing the situation as ASTANA is too small/awkward/remote/unknown for new buyers.
I would like to see a firm timescale and commitment to re-joining a more liquid market within a reasonable time, and for a dividend payment roadmap with similar for capital expenditure. I would also like to see the abitity to vote in the future on these proposals. The large owners are in the driving seats ATM, I don't see that we (the smaller owners) have any real view of why and where we are travelling. Without that we are just sheep, to be culled as and when required.
As I've said before I think that the Omani's have the intention of, as cheaply as possible taking this company private, look up the new director.
“Omar Bahram.
Mr Bahram has over 13 years of experience in M&A, transactions and legal advisory. He currently holds the position of the Chief Executive Officer at UzOman Investment Company – Central Asia focused fund of Oman Investment Authority (“OIA”) managing a diversified portfolio and private equity investments in the region. Prior to this role, Mr Bahram was a legal advisor at OIA leading major international transaction negotiations, closing and targeting exits to achieve the privatisation strategy goals of OIA”.
Is this appointment and these experiences in the best interest of the smaller shareholders and share price?
I find it very troubling that the conditions of the Omani’s share purchase is kept secret, and would wonder if it were at a higher than market price at the time, be kept secret so as to deflate the market, or hold it down.
Some of these things may seem far fetched or conspiritoral, but running a large company such as Polymetal is not an unplanned for process, and could have influenced the russia
Sign In
Follow the stocks
