We would love to hear your thoughts about our site and services, please take our survey here.
Problem is that its all speculation because nothing has actually been decided.
I still dont understand why the LSE listing cant be kept with the move to Astana. **** the split that wont deliver any value anyway without the LSE listing.
They need to keep the LSE listing or our investments go to crap due to ISA and SIPP problems. We need at minimum a conversion to Depository Receipts but i dont see any brokers accepting Russian DR in the current circumstances. Which means they need to not split the company under current circumstances. They would be better off keeping company whole and listing in Hong Kong and UAE secondary markets and make LSE a secondary market at worst.
Well that presentation totally crashed the stock price due to the LSE listing being a DR and not a premium listing. Also might not even be able to place the DR if the brokers refuse to trade it. They should NOT split the company if this happens but still redomicile the company as long as they keep the LSE listing
Dividends maybe Q3/Q4
WOOP WOOP
Listing in the middle east will be good given all the money floating around there from oil. This is big news imo.
I dont see the share price ever recovering without a premium listing on at least one major stock market.
This looks like a dividend play now unless sanctions change and allow a premium listing again.
LOL
You people are insane.
The fact they hit their production AND paid down 400m debt AND are actually making FCF despite the war and sanctions is a miracle.
Dividends wont come back until they can actually physically put the money in peoples accounts via Euroclear.
The only way to unlock value here is to get back on the institutional investors books and indexes. At some point the Russian war will end because Russia is losing and who knows what the next dictator of Russia will be like but I highly doubt he will continue to want war given the damage done to Russia and it’s influence in the world.
I’m really not sure what primary and secondary listings actually means because I’ve seen multiple companies trade no different on multiple exchanges no matter where the primary listing was. The primary listing is always the one with the most liquidity no matter what the official status is. KAZ stock market is a joke to be honest so will do nothing to the SP as no big investors will buy shares on it.
Newt. No you didn’t lol.
Nobody has 96p because it only flashed down there. So you lie which means you are just a sad little kid talking about rubbish whilst we sit here with more shares and value than your entire family earns in a year
Newt with his children’s crypto terms talking about slurping and waiting for a better price lol.
Well the adults have been here since £1.20. No slurp required when you aren’t living in moms basement talking about white papers and alt coins all day on discord.
Go back to world of Warcraft. Leave the adults here to discuss the $600 oz profit on 1.7m oz production for 2023.
Just remember the MM set the price and they opened up the price at 280p and they hoovered up the panic sellers and stop losses on the cheap. Now they will sell those shares at massive profit.
I tried to buy some below £3 and no order was there to fill as there was actually no shares for sale
This is quality results. FCF for 2023 could be $850m which is huge. Gold from 2022 is selling higher per oz than had they sold it at production.
This company has had a 90% fall in share price but it’s revenue and production are static which is pretty amazing given the circumstances
im over 60k in the black on this one now so its all good. average of 208p
Kaz has banned the import of russian gold due to western sanctions.
Kaz gold sells to Kaz central bank and Rus gold goes to india, china and UAE
HIMARS killed 200-400 soldiers the other day.
What happened to taking Kiev in 3 days?
43k shares of this bad boy.
Wake me up when the dividend gets back to 1 USD per share. Im retiring early
any ideas why we are up other than gold price?
We just broke through the 2011 1873oz gold price peak. Im guessing central banks are propping up the price but i fear that they dont pay above 2000oz and the price seems to correct every time. The cost of gold recovery must have gone up alot this year which might support a new price floor around the world because most are not as profitable as poly, especially Aus and US based producers
Given that there are hundreds of so called western companies operating in Russia whilst claiming to have left or are leaving just shows that the whole Russia thing is a total lie when it comes to businesses. Russia doesnt want to seize or control those assets or businesses any more than it has to as they will likely fail without their western owners.
So when we look at a 73 rouble a 1833 gold price and 1700m oz of production and ways around sanctions just like how HSBC etc have been able to avoid direct sanctions etc then Polymetal looks like a once in a lifetime purchase opportunity for retail investors who are not fazed by rubbish such as ESG crap or having business interests in Russia.
Nestle is still selling food, P&G selling goods, HSBC doing business there and 100+ other entities who all virtue signalled and did nothing with their business or assets other than restructure them on paper if anything at all.
As soon as Polymetal becomes a Kazak domiciled and focused FTSE company then in theory there is very little stopping institutional investors coming back and legal action should be taken by the regulators against the FTSE for basically allowing Poly to be delisted whilst HSBC and P&G can trade as usual. There is no clear definition of when a company does 'to much business' in Russia to be limited in trading and index listed.
This is an arbitrage situation where one companies value is massively diminished by nothing other than hysteria and virtue signalling.
Gold 1820 and Ruble 74.
Just need putin dead and we all rich
Ruble average over the last few years is more important to prewar level
50-65 is typical. 70+ is bad and we are now in that region which is good for Poly as they are paid in USD gold spot.