Member Info for jotom750

Really Jim?

Show me a far right government anywhere in the world that has not been a disaster for it's nation.

PS.

Who do you think we have to thank for to £100 BILLION lost every year to the nation since the vote in 2016? Any ideas? The same guy who leads reform.

Cawn.

Agree completely, plans are never firm four years out.

Selvie.

And what makes you think that the price won't be kept down long enough for a $5 (or even less) offer to be taken up by the majority in a buyout?

Why do you think that the present situation is not exactly what some major holders want?

Scooters.

Agreed. My view is that he's just sowing F.U.D. both to get present holders to sell and to dissuade others from buying in.

I do not wish to sound negative, or potentially cause others to sell up, but in my view what is needed is a concerted effort for holders via U.K. brokers (and others) to get those brokers to pressure the company to register all holders and act accordingly. For instance, why/is the company sanctioned in any way now, and if not, why are peoples holdings still locked up?

"Is this not something for an RNS type document, especially a placing".

I would agree, normally. But the company is no longer acting as a normal Ltd company and is no longer maajority shareholder focused. As we have seen, shareholders mean nothing any more, other than the small number of large holders (that is still a minority of shares held) who are driving the policies.

"The company, formerly named Polymetal, is also considering placing up to $300 million in bonds on the Muscat Stock Exchange (MSX), Nesis said in an interview.

Solidcore, Kazakhstan's second largest gold miner, plans to produce around 15 tons of gold per year in the country in 2025 and 2026, Nesis said.

He told Reuters in an interview: "In 2025-2026, we want to borrow no less than $1 billion."

Does anybody really think that the Oman stock exchange will be the best option for getting full value for any placement or deal for Solidcore? As I have said, this is being taken private, and at the lowers possible cost. The fact that majority of shareholders will be the losers is obvious. Questions need to be askes as to why it seems that only illiquid exchanges are now considered for business by the Solidcore board?

I'm somewhat confused as to why there is not more fuss being made about this by the majority of shareholders. This could I suppose be because from this position we seem to be trussed up and made ready for evisceration.

"The Muscat Securities Market is the only stock exchange in Oman. It was established by the Royal Decree issued on 21 June 1988, to regulate and control the Omani securities market and to participate, effectively, with other organisations for setting up the infrastructure of the Sultanate's financial sector".

Scoot.

That's interesting, I suppose that ATM it is unknown what will come to pass, but I see the potential of nearly 158M shares being issued as further weighing down the SP.

As it's unknown what, if any IPO would bring, I can't see it boosting SP, if it's even done, but I can only see the potential for price to be held down by all the uncertainty.

I see no maximization of potenial gains whilst we are on this market, seeing a dilution at a knock down price for those with deep pockets and a long investment timeframe. If any of this is to be done it would be far far better to do it on a liquid exchange with all it's potential investors that it would garner the ability to compare performance and potential with other gold miners.

Good news on the Ukraine war on the other hand will help in my view. (Though not as much as it would have done without the russian unit sale).

As always.

GLASH.

Yippee! Gold has gone up by nearly ten percent in the last month. I wonder how much the shares have gone up?

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Oh......... ZERO!

The manipulation of this stock is appaling.

Cando66

I'm sure he's helped himself.

Auda.

I thought that the point of a sell off of russ1an assets was to allow a return to normal trading on a more liquid exchange. Am I wrong in that?

If not, in what ways has the sell off resulted in ANY return to that normalcy for shareholders?

Because all I see is a worsening of the situation in many respects, an entrenchment of management to being unreactive in any way to the wishes of the majority of shareholders.

One could say that advances are being made in the gaining of new mining rights etc, and that "one day" the company will emerge as if a wonderous butterfly from it's self imposed cocoon (straightjacket), causing financial gasps from all, but who really benefits from this? I do not, nor do, I would suppose, any of the shareholders locked into dormant accounts with no prospect of this being changed for the foreseeable future. For we cannot easily buy or sell to take advantage of this journey, only the "chosen few" can.

GLASH.

As I see it, Nesis is no longer captain of this ship. (For some years he seemed to run things well for the benefit of all, things changed when the Omani's came on board). Why people think the Arabs would be better for shareholders I have no idea, they don’t want a new CEO because that person would want the obvious, a resumption of normal LTD company methodology, to the benefit of all shareholders, and the boosting of share price.

OK they may not be russ1an, but it's their aim in my view to take the company private, it's an Oman national wealth fund, they have no interest in having "mom and pop" shareholders, they wish to take over the whole company, and as cheaply as possible, hence the extended timescales, hence the lack of proper shareholder records, hence tying the company to them even further via loans, (removing the need to go out to the market, which would probably have required a much higher share price and so a liquid exchange listing) hence the pushing out of timescales and the use of all company profits to build out valuable (in the long term) capital equipment that does absolutely nothing positive for the share price or present shareholders.

They want the common shareholders to get fed up of waiting and getting no divi's and so sell up at this silly low price. Waiting till 2030 is nothing to them, lending money to the company is nothing to them because of their long term goals.

Starmer has nothing to do with any of this, sanctions were in place years ago, and accepted by most nations as just retalliation for the unprovoked invasion of a soverignn nation. Those moaning about sanctions would be better thinking how long away would WW3 be if bigger nations were just allowed to take over smaller ones threatening nuclear war? That they should hold to ranson smaller nations that wish to be independant? That the false premise of a few nationals living in a different nation is an excuse to invade?

The best way to lift sanctions is for peace agreements to be honoured, and fighting and killing to stop.

How to change the company policies and future path is the real issue here, NOT SANCTIONS.

Opps! You, (not "toy").

Apologies.

Countryman.

That would be nice but what makes toy think that there would be any sort of back payment for years of unpaid divi's?

Yippee! Gold has gone up by nearly four percent in the last week. I wonder how much the shares have gone up too?

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Oh.........

Foor, that's a good point, then why not list on a liquid exchange, borrow against the new higher price and build out the POX in a far quicker timeframe to repay the loan?

PS.

And reperations made to pay for reconstruction.

It seems to me that the simplest and quickest way to remove all sanctions is for fighting to stop, for all troops to return to their own countries, and for borders to be returned to their pre war locations.

There.

Simples.

Auda. "Interesting read, a good buy for us".

In the normal scheme of things I would agree with you, the stock price would advance, but.

If you can't realistically buy the stock.

If you can't realistically sell the stock.

If the company does not pay dividends.

If the price of the stock is manipulated daily to suit the aims of the few, who have far longer investment timescales and (as I think) are focused on eventual takeover.

If the company is indebted to a large shareholder with unknown terms and conditions for that loan.

Why does it make any difference at all?

In what way does it benefit the common shareholders within a "reasonable" timeframe?

Is it all not just "untouchable" assets?

John714

That is possible, but America has very little to loose here , Europe on the other hand has alot, nations like Poland and Finland will be very cautious. What will be interesting is if there is a break between the US and the European nations, so agreeing a deal and others not.

GLASH.