Member Info for Onbeyondzebra

Jotom750: Interesting. I am sure HL will send out official written guidance in due course that’s better formulated than the last one. But, sure, send along what they say regarding divis. As the redom is all about the split, that is a huge consideration (along with dividends) to consider if you opt to keep your holding in the UK. Certainly, it would be more convenient, especially if HL won’t give out certs.

Not going to go through it with a fine-toothed comb, but there’s a lot of misinformation in this email (Freedom Finance KZ does offer account to UK residents - Freedom Finance EU/24 does not; only HL is not offering certificates… all other UK retail brokers/banks are etc.)

Can I also add that in the webinar, the Poly board said that they had discussions with all UK based retail brokers to see if any would allow investors to hold Poly/AIX shares in situ, but had no luck. If HL had suddenly decided that they will continue to hold Poly following the redom, I would have expected this to be announced by Poly, as it would be a big deal.

Anyway, I too hope that it turns out to be how you see it. If HL caves to pressure, then all the other brokers will. I just don’t see it happening…

Sure…

“Would a delisting affect my ability to hold Polymetal shares in an ISA or SIPP?

The AIX is recognised by HMRC as a qualifying ISA market, so the shares will still remain eligible to be held in an ISA after the LSE delisting. The shares will also remain eligible to remain within a SIPP.”

1.. The use of the term ‘an ISA or SIPP’ does not specify that it is referring to ‘your current ISA or SIPP’. If they had used ‘my’ instead of ‘an’ I would start to think that HL was moving (for the first time) to allowing clients to hold shares on AIX.

2. The interpretation that they are making a general comment about the ‘ability’ or ‘capacity’ for POLY AIX to be held in ‘an’ (non-HL) ISA is substantiated by the reply, which only specifies that there is nothing in the UK law that prohibits AIX shares from being in an ISA/SIPP.

If I were to guess, I think their intention was highlight that - if you could find a broker that has access to AIX and offers ISAs/SIPPs to UK customers - then you could transfer your HL holding to that broker and continue to hold it in a tax-free wrapper. But, it’s not impossible to read it as some on here are choosing to read it (i.e. it’s all a storm in a teacup…do nothing and leave your shares in your HL ISA/SIPP, and everything will turn out fine).

With the stakes as high as they are, I think this communication is at best ambiguous and at worst misleading and, if they don’t clarify it in due course, they may well have legal cases brought against them if users have their position liquidated against their will in early July.

Maico666: Read my post to you, on the HL thread, for the answer to this question

Stix01: 1.6 out of 5 on trustpilot with loads calling it a scam. I wouldn’t send my shares there.

Maico666: Read chique’s post. I agree with him. This is not like Evraz! Evraz was suspended from FTSE, not delisting and moving to another index.

I think HL is saying that POLY’s shares can ‘theoretically’ be held in an ISA or SIPP - if you can find a broker that offers ISAs/SIPPs and is connected to the AIX index. From what I understand, none of the main brokers in the UK (including HL) trade on AIX so you really need to follow the guidance/option provided by the company: 1. Paper Certs + Tabys 2. Just Paper Certs 3. Move your holding to a foreign brokerage that have access to AIX 4. Sell your shares. As HL isn’t giving paper certs, it seems that only options 3 & 4 are in play.

If you treat this like Evraz (and just leave your shares in your account) - as with ii investors - sometime between the 10th and 15th of July your holding will be liquidated in a fire sale and you will get a very small amount back into your account.

Please, HL customers, correct us if HL come back and definitively says that, following the move to AIX, POLY can be held in an ‘HL’ ISA/SIPP (that is the key point: an HL account), and we will happily all move to HL. But we don’t think that is what they are saying and, if you continue to see things with rose tinted glasses, you will likely take a huge financial hit (though you may well have a legal case against HL… as that communication is certainly misleading).

It’ll certainly be difficult. Judging by his need to constantly congratulate himself for coming up with either the bleeding obvious, or logically untenable, I would say he’s ‘cognitively divergent’ (to use the socially acceptable term). People in his position tend to find change very difficult. I wouldn’t be surprised if he takes a crash course in Kazakh and Russian and ends up moving to Astana.

BV: yeah yeah, we’ve heard it before. Your average under 1p is so impressive, that adding an extra 50% of shares to your holding doesn’t interest you. You truly have a beautiful mind, just don’t take up a job as a financial advisor.

SB: how low will it drift? I’ve been lucky recently with hitting the top and bottom (averaging down last in the .70s and selling in the 1.90s). But, as I said, guessing entry and exit points is more about luck than anything else - and being happy with the valuations. Even with all the raising, I was happy to buy ANGS in the .70s and a few weeks ago I asked myself if I would buy more shares at 1.95 and, when the I answered ‘no bloody way’, I sold the lot. I did miss unloading on the big spike, thinking it might do a UKOG from a few years ago (because it seemed that all manner of punter was jumping on board).

Over the last couple years, ANGS always seemed to return to the .80-.90 range, so I would tend to wait for that area to top-up/average down. This time I’m conflicted. With the side-track being a success, and cash coming in, there’s no way it ‘should’ go sub-1p, but part of me still thinks that it still will. I also don’t think PF will sell with the SP that low, and with ANGS’s raising days hopefully behind them, it means it would need to reach those lows purely through PIs leaving for greener pastures (which is a stretch). My revised plan, therefore, is to start buying again in the low 1.20s/high teens and then to keep adding all the way to 1 p or lower. I recognise that it may never end up there - with its assets it shouldn’t. But there’s a lot of downward selling pressure right now - and soon to be more - and no news that I can envisage in the pipeline to keep the AIM rabble interested. What some posters on here have never clocked is that AIM is about sentiment rather than fundamentals, and ANGS looks very boring right now.

If it never goes into my buying range, I won’t buy, and I’m completely fine with that. I’ve noticed my quality of life is a lot better without owning ANGS shares.

Thanks SB: my posts aren’t typically directed at him, anyway, but rather LTHs or new investors that are interested in reasonably discussing approaches to come out on top. Enough people have been taken in by ANGS and though (as I’ve always said) I do believe there is money to be made with their assets, as with most AIM investments, if you’re passively holding, waiting and hoping, you’ll likely get chewed up and spit out. On a positive note, I’m more interested in ANGS now than I have been for the last few years. As the get-rich-quick lot start to sell up for a loss, I’ll likely start re-accumulating. However, patience and getting the right entry point is so important with these shares, as it gives you some breathing room. No one likes seeing -20% right after you buy in and feel like you immediately have to start averaging down.

I thought senior team did well in the last interview, but found GL’s answer to the question “why not ditch AIM for the main market” confusing and nonsensical. If being taken serious is their new ambition, then surely this would be a step in the right direction, and put to bed the issue of the company being treated as a speculation, rather than a serious producer.

BD. You should worry about yourself instead of HITS. So how much have you lost now - in either pounds or shares you could have accrued - for attacking me for suggesting to investors that they should sell at 1.95 and buy on the dip - and then again at just under 1.70? By my calculations, smart trading would have left you - and any other investors - with c. 50% more shares. I seem to remember you talking about not wanting to miss out on the stratospheric (imaginary) re-rate to 3-4 p and beyond. (Also find your use of the term ‘unbalanced’ ironic considering it would be such a perfect name change for you.)

Yes, mm’s make the market but (judging by volume), there isn’t much market to make. I’m sure their algorithms are much more in tune to what’s going on than you or me. They presumably see from a supply and demand side that there’s not many buyers at these prices and as soon as it rises, there’s plentiful sellers. Until PF is done his sell-off - this will be a buyers market - and potential buyers can just wait for their preferred entry point/opportunity to average down. I agree with HITS, it’s a compelling medium term play, but a lot of things have to happen (including all the AIM chasing rainbows investors moving on) before we see a SP re-rate in line with what Singhie is predicting. I for one am keeping my powder dry… as I see this drifting a bit lower over the next few weeks and months and would not consider buying in the 1.40s.

I just received a secure message from ii saying they have made a change in pricing. They will now NOT charge for any of the options below:

1. Change to certificates (request by the 30th of June) - was £35+vat but now at no cost

2. Transfer to another (AIX) broker (request by 25th of June)

3. Do nothing with your shares and have them liquidated commission free (will happen after the 10th of July)

The only possible cost would come from trading/selling your shares. Hope this helps anyone thinking of moving over from the less helpful brokers.

Foor

I understand why investors are upset. I don’t think anyone on here is thrilled with his situation. It, however, is not the first company to redom due to geopolitical problems (e.g. wars). It’s the obligation of the company to pay dividends if that’s what’s in their charter. Poly has made it clear that they can’t see a way forward for the business without doing this, and I believe them (no one actively chooses to move to a market with no liquidity). This has also brought opportunities. There’s has been plenty of chances to average down over the past year and come out whole - as it seems you have done. Are you 1. upset that you can’t hold onto your shares in ftse (because it sounds like you could sell up on par - or with a small profit if you time it right) or that’s 2. other investors found a better entry point? I also bought in initially at around £12 thinking that was a good price and have averaged down to a little above where we are now. The way I see it, I have thousands of shares in a company that I didn’t think I’d ever be able to accumulate. There is certainly increased risk right now, but also a much higher upside than before all this hoopla began. If things work out, which they well might, all these pensioners of which you speak might have an average of £2.50 - and with loads in yearly income - of a massive £10 billion mcap company/companies. Everyone know the risks, but some of us happen to like the risk-reward calculus, and are happy to make lemonade.

If you’re referring to Tabys, it’s always helpful if you got the name right. Yes it is available on apple mobile devices.

Hi Chique

I think option 5 has become clearer through discussion the last few days and sifting through the documents. I think henceforth it should be changed to something like if reposted:

5): I.e. request paper certs but you just hold on to them and don’t transfer them into AIX digital shares (like it’s Evraz). They mention this situation , but it is not recommended.

The paper certs stop being worth anything, but the FTSE shareholder registry would be updated with your personal information when you requested the certs and this information would be automatically transferred over to AIX registry. This means there is still a record that you own the shares - and Poly will make every effort to pay dividends with the information on file - but you can’t vote, trade or (at the moment) have the dividends sent to your nominated bank account. In short, the paper certs are no longer valid, and you have no record of your holding, but you have not lost your shareholder rights.

Neeeew

Brass0 answered your questions. I would suggest also getting official guidance on anything connected to gifting shares, dividends and taxation. You can’t always rely on what information you get from a board like this, and you don’t want to end up doing something illegal.

Hi JohnNth

Yes, it looks like It’s only a mobile app from what I can tell.

As far as the concerted disinformation campaign… please always refer to the official documentation. For instance Q. 30 of https://www.polymetalinternational.com/files/en/2023_05_10_Re-domiciliation_QAs_eng.pdf explains potential jurisdictional splits - which has not been decided or, indeed, is not being voted upon. You’ll note the true information sounds nothing like what the pin-head crew would have you believe. But, again, we’ve seen they have great difficulty reading and/or processing information that’s beyond a 10 year old’s level, so it’s no great surprise.

Agreed… Yana filtered and reported.

For those of you that are in contact with Wood or Freedom Finance, it would be helpful if you could ask if they have a dividend reinvestment scheme and the cost. Most UK brokers reinvest dividends for a nominal fee (ii it’s £1). This would be useful information and we’d appreciate you sharing it. As I don’t intend to sell, this would be one of the only reasons I’d opt to go down the broker route.