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You arent buying gold. You are buying a gold miner. Big difference. They sell gold on spot less costs = net profit.
Costs are going up and gold is going down. This is all gold miners. I do not see a single catalyst in the near term to return gold to 2000usd despite people on hear talking about 3000 or 4000 even.
Strong USD and high rates kills gold prices
To be honest none of you lot are any good at forecasting gold prices. IVe heard it all from so many so called experts.
Im hoping that the NEW bit is what makes us ok. They cant make illegal existing or companies such as Nestle and P&G would have to shut down their factories etc
Thats a laugh. They have been trying to do this for decades. The reason why the USD is the reserve currency is because of the US market and the US military. Two things nobody can compete with. The EU, Japan, UK and US combined with all the others which favour the current system will ensure that the USD perpetuates as the global reserve. Try buying ANYTHING from china without using USD. Its impossible. They dont even take their own currency as payment because they know its worthless and all the materials they buy are priced in USD, The worlds top energy, mining and banking companies work in USD also. So you have Russia which is just a joke economy and the chinese government which isnt even chinese economy. its just a regime which when china crashes will fall like every other chinese system has going back 5000 years.
One thing that has amazed me about Russia is just how much they like war but are so bad at it. They are like the fat kid whos parents give them a drum kit for christmas and he cant play them for crap. So all hes doing is basically just ruining everyone's life around him and because he sucks and everyone knows he sucks he just keeps hitting harder in the hope that somehow something changes.
Their weapons are rubbish, their tactics are rubbish, their army is rubbish. They just keep failing and thats all they know how to do. But failing doesnt seem to stop them.
You will find that the US has most if not all the say considering the EU has no army and Germany couldn't defend its self without NATO and NATO is basically 80% the US. Germany will do as its told especially given this newly aggressive Russia.
The UN should just ignore Russia and carry on. Just pretend they arent even in the room and carry on like their veto doesnt matter. Tell china if it has a problem then we will cut off their oil and gas supply and within 30 days China will collapse
Poly just needs to last longer than the Russian army which right now is a total mess.
Ive been told that 80 HIMARS on on route to UKR and a further 10 M270s which are 2x HIMARS and final approval for 200 mile rockets that can hit Crimea Naval fleet.
Russia is on TV telling its own people that it has demilitarised NATO ROFL. They are banning google now to stop the truth getting to their own people in the LRP and DPR.
Poly need to keep head down sit tight and wait this out
Latest intelligence says that Russia is using anti air rockets as ground attack rockets. Tiny warhead and very expensive and very inaccurate also.
This desperation and all the news coming out of Russia says that this just cannot be a long war and Russia will likely have to negotiate a withdrawal at some point.
They said all gold and silver stockpiles would be sold by Q3. They also said they bought out the entire inventory of spare parts from western equipment suppliers and service companies. They have moved to Chinese kit and are cannibalising the western stuff as and when needed. They seem to have solved their equipment issues and their gold selling issues which are actually due to china mostly and not sanctions. Debt refinancing in USD prices are cheap. Gold sales are above market average price for their volumes.
They clearly are doing well considering the issues Russia faces. The issue is the Russian government but then that is also an issue for medtech, food manufacturers etc also. Are Nestle, P&G, Glaxo etc still going to be able to sell in Russia? If so then so can Poly. We are exposed due to gold but imagine if we sold Kellogs corn flakes. Would you be so concerned? Whats the difference?
End of the day we would all be happy with 4-6 quid right now so lets see what Poly can do to get us either dividends in 2023 or 4-6 quid SP in the next 18 months
https://oilprice.com/Energy/Energy-General/Will-Western-Sanctions-Against-Russias-Gold-Industry-Work.html
Sanctions will permanently damage Russias gold production. Top 4 producers will weather the storm but the mid and small size ones will likely go bankrupt. They class medium size as 40k employees lol. Interesting that they say the Russian central bank is doing more damage to their industry than the sanctions.
Putin really screwed the pooch with this invasion. Its economy will take a decade to recover or more and it will only get worse.
You may as well be discussing aliens coming down and abducting Putin as that is as realistic as some of the scenarios below.
The only realistic ones I see are company split and debt assigned to the assets the banks are happy to be secured against. Russian banks for Russian assets etc. Or a sale of Assets which will be cut down like Kinros and we get screwed. Both have serious problems and Russia is not letting its assets be bought and the proceeds go to unfriendly countries. If you stay in Russia they leave you alone but you risk sanctions. If you leave Russia will screw you.
Best thing to happen for Poly is war ends. That might actually be quicker and easier come winter as Russia cannot fight in the -20 and it also has man power and supply problems now.
You people are clueless. You cannot just put debt somewhere and the owners of the debt would never allow it either. Debt owners want to be paid back or they want their terms made more secure or better. There are bonds and loans secured against the assets and right now the Kaz ones are worth way more than the Russian ones so no debt holder would allow their debt be assigned to the worst assets.
Back to square one on the guessing game.
CWWX - Where do you think i get my information from? - Military strategists and analysts ROFL.
You might not like it but its a crowd sourced opinion based on whats happening in on the ground in UKR.
Combination of intercepted phone calls, weapons shipments and successful attacks on Russian bases paints a picture. The fact that 30 ammo dumps have been exploded resulting in a total 90+% reduction in shelling the days after proves that HIMARS work very well and they will only increase in number and range and use.
Again all information taken from those experts you claim im not.
Your post about Nesis contains no facts and is not based on any experts either so... there is that fact.
CWWX you dont post any truths, just speculation and baseless stuff as well.
Htothek wana get banned again?
OK REPORTED. SEE YOU ON THE NEXT USERNAME
Good news.
Russia is giving 5 days training to all new soldiers signing up for war.
300KM rockets are coming soon to HIMARS
Ammo dumps all over Ukraine are exploding due to HIMARS and soon Crimean naval base will be destroyed by HIMARS Rockets.
None of the above makes for a long war. Russia likely cannot maintain this war so sooner its over the better for Poly and us.
CWWX you are sounding like a clown. Russians and their money are not safe inside Russia. Infact most rich Russians keep their money outside Russia. Also the assets inside Kazakstan which are worth 50% of the company are controlled and owned by a company in Jersey which is under UK law. Kazak isnt playing ball with Russia at all as you heard from them refusing to buy Russian gold.
Your posts sound like a conspiracy theory. There is more chance of a delist from the MOEX than the LSE. Also shares can be moved from one index to another if required.
You dont know if all his shares are MOEX. It might be that because hes employed in Russia he can get his shares on the MOEX much easier and with less red tape than the LSE. The LSE is about international institutional investors and being with miners on the indexes and ETF's This adds value as a MOEX company would be worthless on its own. Without the LSE Nesis brothers would be worth 10% of their value pre invasion as proven by current pricing. Kazak only on the LSE is worth more than ALL of Poly on the Moex. this is a fact
Poly always have the option to sell to Russian central back for a discount. The issue is getting GE to china to process. Which they said is now being sorted by Q3