RE: I smell big news coming.1 Jul 2022 10:23
@Pippa - sorry im a bit confused about this comment
'Now, a lower Sp on the Moex, say about 2 Rub to the pound, so 2 Rub SP on the moex, around 90 million shares issued on the Moex, so the company could announce a buy back, buy all shares issued on the MOex, for around £90 million pounds. They have that in the kitty. This would then help any split. Hence all stock listed on the LSE. And only 385 million share issued.'
as it stands the POLYmetal share price on MOEX is £6, i think you have your calculation incorrect? £1 sterling is worth 64 roubles at the moment the current share price on MOEX is 384 Roubles, or you can say 1 Rouble is worth 1.6p, If POLY where to buy out the Russian Mining would they buy it in dollars or sterling? I would say that the price drop on MOEX is due to a strong Rouble against the dollar, its still the same price it has been for a while if you convert it to Sterling or Dollar??