Why are we even this low??9 Mar 2022 15:25
One very cheap stock considering...
"In 2021, Kazakhstan operations generated 43% of the Group's Adjusted EBITDA and 48% of its net earnings. Kazakhstan operations represent 40% (12 Moz) of Polymetal's gold equivalent reserves."
and
"The Group has approx. US$ 0.4 bn in cash and cash equivalents deposited with non-sanctioned financial institutions. With the significant free cash flows coming from the Company's Kazakhstan operations, Polymetal has enough buffer to continue to fulfill its obligations and capital commitments in the next 12 months even in the absence of new borrowings. In addition, the Company maintains US$ 1 billion of undrawn credit lines from non-sanctioned financial institutions."