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I think the buyers already knew Kutyn was delivering gold because you obviously have a lot of people digging in those mines and talking with others, so today's RNS became a sell the news event in Russia and a spike move for us latecomers in London.
Considering the production guidance for 2022 was 1.7 Moz and Kutyn is expected to produce 1.3 Moz in 2023 this news is extremely bullish, because they're effectively saying they can nearly double production next year. This also explains the mystery run up in the Moex shares price!
The divi will be in the region of $1-1.50 depending on gold price and output, with 20+ year mine life expectancy, so there could even be enough time to catch a gold bubble in its life cycle.
My concern about Kaz was it eventually could get invaded like Ukraine, because Kaz actually has much more resources to profit them. However, if China has their back and Kaz never provoke Russia, it means Kaz Poly could be much safer as a dividend hold. It also benefits China to be closer with Kaz because they have huge hydrocarbon and uranium reserves, with no sanction risk.
The price in September is more interesting.
Carefully reading the article, you can find the following quote, "Russian President Vladimir Putin hinted that he could meet with Ukrainian leader Volodymyr Zelensky at the next August Sochi summit", which does explain a possible face to face meeting, another opportunity for them to meet also exists at the G20 summit, where both Zelensky and Putin are invited.
Poly insiders including Nesis own Moex shares, so I expect they naturally buy up Moex shares when the insider news is favourable, as Russian citizens its also likelier safer for them, as Moex shares can't get suspended or seized by the UK government, they can only punish us and lose votes. We can also easily predict the Poly insider news will concern inventory being sold down or a decent offer on the table, or perhaps even both.
I think cashing out Russian assets at this point is also a safe play from an investor perspective, as further opportunities will present themselves after China and Evergrande implode before the end of the year, Russian gas cuts in winter will also cause chaos in EU markets, a combination of the two and we will see even heavier discounts in stocks and property. Think about 50% off beach front property and 80% discount German index funds.
I think its a typo, since 15,000 shares at £20 is only 300K, otherwise someone actually paid £200.
Its best to review after August when they attempt to sell down the inventory, as the valuation will be calculated as a multiple of revenue. I also personally don't mind a sale, as my average is quite low and I would just roll the funds into safer plays like the SP500, JCGI and FTSE250 which will bounce after ceasefire as well. There could also be some crash opportunities in the GER40 if Russia play with the gas this winter, perhaps even worse than what we witnessed in Russia, 90-95% discount Volkswagen perhaps???
Yes, burning Blackrock's fingers is a bad idea.
500P isn't book value and could be considered a fire sale price. I will make the equivalent of my annual salary in that case and that's before the revaluation of Poly Kaz.
No way of knowing but I think there is only maybe another month or two until this cheap era ends based on news reports, since only Slovyansk and Kramatorsk are left in the Donbass and peace negotiations could be restarting in August, so it looks like they will just agree upon the deal they negotiated in Istanbul earlier, after their attempted counter offensives, which reportedly started in some regions. Hopefully when this is all over Ukraine can have some peace and Zelensky can put his suit back on.
They should have just continued doing business with GPB and gotten suspended months ago like Evraz, as this situation they engineered is even worse than having done nothing, as the actual share value in the company is now permanently lost, rather than temporarily. Nobody should have even bothered paying these directors salaries, even a McDonald manager could have done a better job in this situation. Whoever employs them after this fiasco is a total fool. They might still have time to come to their senses and carry on with the GPB arrangement, as its already suspended.
I also sold off the moment I heard GPB were recalling the loan but even I didn't anticipate they were going to make this much of a **** up of the whole thing.
I think it is do with Bojo out but more importantly Rishi in, as you all remember his family had investments in Russia. So our love of curry and everything brown may save POG, and the wider UK economy.
OXB need to streamline the business and perhaps consider mRNA vaccine manufacturing, as there is a global shortage of mRNA vaccine manufacturing capacity.
All it means is that POG need to hire a new one like Poly, but they may not even bother because they want to do a fire sale.
All it means is that POG need to hire a new one like Poly, but they may not even bother because they want to do a fire sale.
The change signifies its formally classed as a risky asset now in Russia.
My suspicion is they will have a tactical ceasefire over the winter to save the EU grannies and resume in the spring, with larger stock piles of weapons and better trained soldiers.
Kazakhstan government buys all the gold from the Kazakhstan gold mine, so this has no significant impact but the attitude they have towards the gold industry is still concerning.