Member Info for kince360

We don't need the war to end for Evraz to start trading again. A certain oligarch 'slipping' on a banana peel by an open window would do the trick. We all know how clumsy those oligarchs can be!
As the pool of resources continues to shrink incidents of defenestration are bound to rise.

Well, some on here might not care who wins this war but the ones who stuffed us with these sanctions want Russia out and Putin gone. The sooner the better .

So copied exert from a text that was on the Poly London telegram channel. I think it's referenced from the recent FT article.

The Astana International Exchange (AIX) does not have arrangements in place that allow proxy voting for remote shareholders, but Nesis said Polymetal was working with AIX to make sure the infrastructure for this was put in place.

He said that while he would like to remain listed in London, this would probably be impossible once the redomiciling was complete. Polymetal’s efforts to list depository interests in London had been “denied” by service providers that “refused to deal with us”, he added.

The EU’s ninth sanctions package, adopted in December, prohibit new investment in the Russian mining sector.

This is the substance of what is freaking a lot of people out

Rationale ...
By redomiciling to Kazakhstan, the company could be allowed by Moscow to split its assets, carving out its Kazakh and Russian mines into separate entities.

Russia has banned asset sales by gold miners domiciled in “unfriendly” places such as Polymetal’s current choice of the Channel Islands.

“This would allow for the restoration of shareholder value, because the Kazakh business would re-emerge without being under the shadow of sanctions,” chief executive Vitaly Nesis told the Financial Times.

The redomiciling could be accomplished by the third quarter of this year, allowing for the split to take place potentially in the first quarter of 2024, he added.
It also seems that Russia is making it more difficult ( eg getting or renewing licenses ) to operate there if you are domiciled in 'unfriendly' territory.

KevlarS ( this is important too)

Don' be too harsh. Even those you may consider as the smarter investors are here. The ones who put 90+% of their liquid assets into US index trackers or spread it over 3-4 companies like a MC D's or a Microsoft ( companies that have been growing earnings year on year, have strong balance sheets and you are comfortable will still be going well 20 years from now) even they need to have a bit of fun. It may be great to have bought Chipotle shares 10 odd years ago, be sitting on 400+% returns and still be planning to hold them 10 years from now and you will find there's no reason or incentive to ever go on a chat board to talk crap about them . The whole process is passive, sort of rewarding but you know what ? ultimately boring . It's like riding a bus or watching paint dry. You will feel the need, the need for speed !
Your interest in companies like BP or Polymetal or something on Aim maybe triggered by some external event . An underwater well might springing a leak , a pandemic, a war and consider the market to have created some value for you but you can't consider these companies as truly worthy long term buy and forget investments. You certainly wouldn't bet the cat on them never mind the house .
This is a chat board. We are here to test ourselves , have fun, help if we can and if possible make a buck. Here you will find us getting into our racing buggies , occasionally screaming abuse at one another or shunt each other off the road, laughing as we fly by. Sure , and possibly (quite often in fact) the wheels will come off , we will fireball into the barrier but occasionally we will finish on the podium. That's my view anyway.

KevlarS . Assuming that you don't own 1 +% of the total float. Can you clarify why when you perceive such a bleak outcome are you still holding the shares ?

Yeah, I was strongly tempted to trade out with my profit prior to the results thinking that perhaps sufficient hopium had already been priced in but what the heck is the point in engaging in an activity that you often as not get wrong as you get right ? Subsequent to the results and now back in the red I can't see how a move to redom will impact the fundamentals ( any ideas ?)so I'm staying put. Will top up if we dip to around the 2 quid mark. Couldn't get a quote to do so yesterday. GLA

1. Scru the divi.
2.The BOD should under these conditions have enough political and economic sense to grasp this golden opportunity and be paying in not paying out.
3. If I don't get a cent in divis for the next two years but debt is substantially lower than 1bl, all the gold is being sold and production has increased year on year , the share price will be twice what it is today and I'll be as happy as an elf in a tree.

My feelings were one of overwhelming relief at these results. The company is moving forward and not backwards.
Yes, it would have been nice to see a larger reduction in debt but barring in mind the operational circumstances ,the politics , that they still managed a production increase and the then average gold price...Phew!
Can't say which way the the next 1.0-1.5 GBP share price will be but if the current gold is at least sustained and they continue to find more new sales channels then the next 3.40 (+)GBP will be higher GLA

Well at least they hit something !

This cracked me up. It's like they haven't changed one bit in at least a 100 years

https://www.youtube.com/watch?v=yzGqp3R4Mx4&ab_channel=BlueJay

It's always back to business as usual at some point .lol

I think there seems to be some misunderstanding about the Polish PM's '' what happens in Ukraine is up to the Ukrainians'' comment. This is a sentiment expressed by many countries that support the Ukraine . What leaders are simply saying is that they will not pressure Ukraine into signing a peace deal with the Russians that the Ukrainians don't like.

Yeah OK, civilians are evacuated and soldiers surrender but the rest of the article is pretty much mindless drivel.
Just a little criticism can’t be bothered with the rest of his spin, sneering and snobbery

‘’Look, I respect those who take Ukraine’s side in this war (no you don’t). They have a valid point of view (no really) which I happen not to share. But what I object to is the wholly one-sided nature of public opinion here(because....). It is so bad that it is a positive disadvantage to know anything about the subject.'' ( you’re all ignorant that’s why you support them so shut up).’

‘’I have mentioned here before that the first act of violence in this war was actually the Western-backed mob putsch which overthrew Ukraine’s lawful government in 2014. ‘’
Well that ‘mob ‘ as the subsequent landslide election of Zelensky showed ( in which the Ukrainian far right got less than 2% of the vote and zero seats) represented the vast majority of the Ukrainian people (who like the rest of us) are quite entitled to rise up to depose their government whether lawfully elected or otherwise whenever they so please.

‘’This was the true beginning of all the horror. And while it does not excuse the idiotic and brutal Putin invasion, it very much helps to explain it.’’( you Ukrainians asked for it)
Again, not really since Russia has had a centuries long obsession with strategic depth and Putin identified with and endorsed this stratagem so Ukraine was always on his agenda as something that needed to be, ‘’ bent to his awe or broken all to pieces.’’
His brother definitely got all the brains.

Medjet
The figure is actually 7% which doesn't sound like a lot but is going to be compounded by higher energy costs and not only stupidly higher fertilizer prices but also its unavailability . So yields this year will be lower.
Also, Russia accounts for about 10% of the global energy supply and most of that is still on line yet energy prices are soaring. So these small percentages can have outsized impacts.

Slash , I have to respectfully disagree

The West is and has been interested in the territorial integrity of Ukraine but not at the expense of a direct military confrontation with Russia for obvious reasons. The fundamental difference between then (2014 ) and now is not that the West is singing a different tune but that the Ukrainians didn't have an army the West could back to take on the Russians in 2014 but clearly do now. You also have to be fair and recognize that this level of Western commitment requires strong public support which didn't materialize from the flash in the pan bloodless take over of the Crimea or the slow burn conflict in the Donbas. The millions of Ukrainian refugees this invasion has generated have also I suspect lit a huge fire under a lot of European government's aaasses

He's (Zelensky) killing a lot of Russian soldiers and blowing up a lot of military kit for a man with no army.

Can anyone make sense of the gold price ? It's like some directionless drunk drifting this way then that. One of the reasons for buying POLY was that I was expecting the uncertainty of the global economy, the rise of inflation ,geopolitics, money exiting stocks ,bitcoin and bonds to feed into higher gold prices. What's going on ?

I don't see Zelensky making any major concessions to the Russians after the sacrifices the Ukrainians have made thus far. With the immense backing he is getting from the West he must realize that there is never going to be a better chance to kick the Russians completely out than this. Ukrainian morale is sky high and seems to be rock bottom amongst the Russian soldiers which may well prove to be the weakest link for the Russian cause. The longer this drags on the more the balance of power seems to be shifting in the Ukrainians favour. The West will also want a resounding win as a message to others planning similar campaigns.

Chechnya (1994), Georgia (2008), (Ukraine 2014 and 2022) who’ll be next ? You have to put your foot down at some point .
I know , I know, some Russian sycohants will gas on about the US invasion of Iraq as though it provides some sort of perpetual justification that allows Russia to start wars on bogus pretenses that leads to the deaths of thousands . It does not. Yes , it would have been great if the US could have been held to account but it could not because it was( and still is) a super power . Russia clearly is not. Yet another fantasy world miscalculation by mister 19th century Putin.

Don't follow the POLY share price on a daily basis so missed the shenanigans today. It's a bit confusing as the RNS didn't tell us anything we didn't already know or wasn't already was prices in . The dividend cut should not have been a surprise to anyone ( yes, I know they used the word 'postponed' but cut is closer to the truth ) and I have no expectation a dividend will be paid this year. We also already new that funding costs et al where rising and the cut would have to be substantiated with a negative preamble. Expect more of the same when the next update comes . There's no such thing as easy money.

The real negotiations are being conducted on the battlefield and the West will not accept any kind of meaningful victory for Putin. There may be no more new sanctions but the existing ones will stay in place until the Ukrainians are genuinely happy with the outcome. The only way to get the sanctions lifted asap is to open the flood gates with respect to arming the Ukrainians and do what is needed to defeat Russia militarily in the Ukraine. If the Russian army and by extension Russia is sufficiently humiliated it may even lead to regime change.