Member Info for oilmanmike

when it runs there are no sellers
The trigger is MOEX
Polymetal is up 225% in 2 days
Russian assets are well off the bottom

Wakey wakey guys

The MV of contained copper and gold at copperhead and plateau are north of £1 billion and so a small % is a very handsome prize. What percentage do you guy use for the trade sale rate?

Hopo
120,000t CuEq
130,000oz gold
and potential for 200,000t ZnEq
Is worth a hell of a lot when looked at in terms of 'metal value in the ground'
And so just a small % of that MV is many many multiples of the current market
capitalisation here.
I find that this kind of analysis is a better medium term tool than using the share price to
measure exploration success.
What analysis do you guys use to beat your path to a nice profit?

CJ give it a rest now please. Are you here just to spew venom.
Hope you didn't bale from Hemo at the bottom as well.

Hoppo Have you not seen the state of the markets recently.
Rock will recovery very quickly IMO once the dust settles.

IMO WSG you haven't got the foggiest.

JRS is one of the only Russian vehicles not suspended. Shorts cannot close in ADR or GDR.
they may have to cover. A couple of closed end funds were attracting hedge fund activity last week

I have been ringing the company friday and again today. Answer phone!!

As the fund who hold JRS as their Russian exposure suffer redemptions they sell down their holding in the same proportion to maintain weightings. The play here is that the SP of JRS has been hammered to a fraction of the true worth. Clearly the Russian equity market needs to tread water, however JRS had assets of £385m on 31/01/22 and so a 50% drop in sterling terms is still £192 or 477p a share. Apply an extra 30% discount and you still got 334p.
My initial target price once the recovery comes is 200p. If Putin withdraws and sanctions are removed then 350p to 400p.

Moex is holding up and the Rouble is 50% off the bottom.
UK listed Russians like Polymetal are up 25% in london .
JRS should move soon, my initial target is 200p

Fred,
As you are checking in after a while, I assume you hold some shares. This being the case I have said Telegram Chat for Rockfire shareholders and you are welcome to join us.

That 'friend' of yours wouldn't have a sharp umbrella and by any chance be your Mother, would it!!

Right said FRED
100%

sorry 3RRL at 25 when the stock was 92
Also been playing in 3FBL and 3WHL
Meta and US wheat.
did oil up and down on 3x as well

The energy business is worth 90p a share

I been buying 3LRR a 3 times leveraged ETC trading on the London market

The fun that Lazards hold the JRS trust is are seeing redemptions. They sell across the board to keep weightings constant. They get 3% redemptions they sell 3% of their JRS holding. Works the other way as well though!!

phone Paul Winship 020 7742 4000

currently there is a ban on foreigners trading Russian securities, however since JRS is an investment trust, and not an open ended fund they are not required to buy or sell. I checked their PF as of 31/01/22 and they have minimal exposure to ADR's/GDR's which are suspended. Most of what they hold is Russian listed and given that shareholders voted to continue the fund after Russia invaded the Ukraine, them we must assume they plan to ride this out.
In Sterling terms the value of Russian equities has fallen 50% odd since 31/01/22.
What was considered fair value a week ago need to be updated to a fairer value otherwise they are creating a 'false market1