Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Their costs are up hundreds per oz from 2021. this is a very good reason.
The issue here is that the dividends might be MUCH smaller than before as costs are way up and the company will not be growing anywhere near as fast as before. Gold price is likely to go backwards rather than up and could easily see 1300-1400 again which means slim margins at Poly = low dividends.
The world has changed and not in a single way to benefit poly. it looks like its getting harder and harder to realise the gains.
Each to their own but people should be under no illusion that the old dividend has gone and is unlikely to return to that level.
Elguiri you must have been banned like 20 times given your post count and ive never seen you before. So you can sod off back to being banned.
In Feb 22 there was no talk of a LSE delist or redomicile which only started a couple of trading statements ago. This is 100x more risky than Feb 22. In fact other than a stable gold price there has not been a single bit of good news to come out of this company and many are just in denial.
This board has started to resemble those people whos horse has fallen at the hurdle and they think the jockey is going to get back on the horse and win the race. People were posting on POG right until it went bankrupt.....
Time to realise here that this is not a suitable investment. The risks have got way out of hand. dont invest what you cant afford to lose forever in this one. Selling shares on AIX might be near impossible and dividends might never come back. Then there is the unknown risks you cannot see right now as a result of this.
Very easily. Russia does what it like. Just like how it took Crimea.
The assets are inside Russia and the state can easily make a law which prohibits unfriendly citizens owning shares in Russian assets without special authorisation from the state.
Poly is a BIG target for easy money for Russian state. Do you think Kazak has any say in it? Kaz couldnt even control its own population without Russian soldiers. Kaz is a vasal state of Russia just behind Belarus. Its one small invasion away from being back in the USSR again.
Thats funny. If it wasnt Russian then why has it been hit so hard with all the negative effects of the war? 65-70% of its money comes from Russia.
Dividends are distributed by a company that refuses to deal with any company linked to Russia. What system do they plan on replacing this with exactly?
Once its delisted from the LSE then shareholders have no protection what so ever from all sorts of risks. Such as Russia nationalising the internationally held shares of residents of unfriendly countries in retaliation for sanctions.
Putin is desperate for revenue and funding for his war machine and the current account is running dry with oil and gas revenue massively down. AIX is not a safe haven for poly shareholders it is a risk nobody can understand as its never been done before.
Are there ANY MMs willing to buy or sell your shares on AIX? I guess not.
Remember liquidity is provided by MMs not investors. Getting in and out might be a nightmare. Also what mechanism is there for dividends? Its still a Russian company..... nobody wants to touch them. They wont even deal with depository receipts let alone dividends
total delist from the lse is a disaster. the aix has zero liquidity and the governance is essentially zero.
basically if you hold this in a sipp or isa you are **** out of luck and i have no idea how it works if you are holding the bag when the delist happens.
The only way you could have lost it all is if you played with margin.
Even after both major crashes the market went much MUCH higher later on which means you should be rich if you just didnt sell and held a few diversified companies...
One of the reasons for the slow down in new build sales is because so many rental properties have hit the market. These are usually cheaper and larger plots than modern new builds. This supply is limited though and will drive up rental prices due to lack of demand.
there is also no help 2 buy scheme either which makes home ownership now nearly impossible for the first time buyer. Me and everyone i know in their 30s used this scheme to get a 3 or 4 bed home with 5% deposit and 1.6% interest rates.
Without these schemes home building will slow down and sales will stagnate because builders just wont see the unit sales rates they need to justify the investment.
As per usual the government is sleep walking into another supply crunch whilst also creating a massive rental crisis at the same time.
Yes im blaming HL though because they said 13th but other sites say 12th.... Depends how you view EX date...
oh well.
Well i made a mistake and screwed up.
I wanted the dividend and bought today forgetting today was EX. I meant to buy yesterday for a LTH. Make matters worse its gone down 2% on top lol.
Still a bargain for the next house price cycle though back towards 3000p in the future.
GLA
Lol Razza you are funny.
Russia rounds up its poor people who dont even have gas in the home or toilets or fridges and then sends them to die before they even need to pay them a wage.
Russians are poor 3rd world country people outside of the oligarch enclaves.]
PS... got Bahkmut yet? No lol
RazzaB is this weird Russian simp troll who comes here to talk about anti american themes and pro russia propaganda lol.
Its hilarious. Russia is losing billions in revenue daily and its men are being slaughtered by western weapons and the USD is stronger now than in last 20 years.... but some how people are dropping the USD lol..... Funny.
You will find they are trying to drop the USD because they have RUN OUT of them lol and now their 3rd world country is basically bankrupt.
This is like you Razza running out of money and then telling everyone to drop the Ruble in favour of monopoly money because you have a stack of 500s and a chocolate button and need to buy groceries in your Putin funded 1 bed apartment.
Hey Razza
Im still waiting for Russia to take the Donbas in 2 weeks.... 9 months later they don't even have Bahkmut. Which was supposed to fall inside 2 weeks 2 months ago.
About 500k dead or injured Russians later they are now cap in hand to North Korea and Iran for weapons lol.
the gold price isnt really much of a benefit to Poly other than it doesnt cause further issues. They went negative cash flow last year at 1800 usd per oz.
nothing has improved at Poly. They have a serious problem right now as they cant get anyone to list the LSE depository shares and they cant stay in an unfriendly country either. Financials look poor in 2022 for obv reasons.
No sign of peace and its gonna be a long war which is exactly what Russia does when its losing. Just keep killing its people until the other side runs out of men first. Russia is trying to save face and will do anything to not look weak.
Personally im looking at UK house builders as a better buy soon as houses are worth more than gold as a margin, we have a shortage of them and they go up in value above inflation. Right now there is high rates, no help 2 buy and the market has slowed down so most are 65% off their highs back to 2014 prices. Plus they pay nice dividends. In the next 5 years there is more chance of 300-400% returns and big dividends in that sector without any of this risk.
The war is about to heat back up by a factor of 10x.
Rumours of a massive 500k soldier offensive in Spring. Expect EU sanctions to ratchet up further.
I should have made around 90k but i made about 20k in the end.
I just got out of Polymetal with around 20k profit but i was up well over 60k 2 days prior.
Im finding it hard to value investments currently as the world is all over the place. Even indexes suck due to over priced mega caps which i want zero exposure to.....
Might go back to being a boring dividend investor.... at least they are cheap!
Hey Mark.
Did you win on MCRO? I held it for years and sold months before buyout lol. Still profit but not as much as i should have