Member Info for PolyM

Look back to January 2023 the price was touch off $5 just when A Nesis went out. A higher price means selling occurs conveniently for a big bag holder

This falling low price means accumulated stock occurs which means buying only the niave selling

They'll lift the price when they are looking to liquidate

The falling price flags few sellers and scalping hence the poor current liquidity

The company seem not bothered about a small market cap and they seem not bothered about the ability to purchase their stock via open market so it's quite obvious that behind the scenes accumulated stock sits somewhere and with companies consent. The CEO is deafening silent about the low traffic and sliding company value so much so its very company orchestrated.

The AIX exchange

I have never understood why the B/S status of each trade can't be clearly captured and reported as the data must be there in the trade. Instead there is this archaic process of trying to figure out the status by looking at where the trade price fits in the current buy sell margin on the LSE and the AIX does not even offer this reported data. It's a truly OTC awful exchange open to single digit trades layed on the book to move the SP. If you want to buy volume you must place your bid above the highest offer to clear the ask side of the book completely. It's why anything of decent volume gets settled off book OTC and by block trade.

Looks to me like when they moved to Astana International they knew the shares held in UK brokers, Tabys, certified would be basically put in the bottom drawer so twisted Woods arm to allow the transfer and sale only. Same is happening in the Russian Federation now, it does seem the company are herding shares in a certain direction and its not in the direction of the individual. If you watch the trading pattern on the AIX you'll see the market maker is placing on either side of the bid ask sometimes one or ten shares sometimes 29k. There's no market in Astana so the market maker is attempting to create one quite unsuccessfully. The company should issue a GDR or ADR in New York because London is finished for good a Russian CEO would not be welcomed

All shares are held on the AIX CSD. There are no different types of shares. If a broker or platform holds stock in Core then it can only be held on the AIX Register.

Apart from the ADR held by BNY Mellon who refuse to transfer their allocation bought on the LSE to the AIX due to the possibility of breaching sanctions.

Scooters.

Been on this board alot longer than you and invested in Polymetal long before the invasion. A few key points.

The setting up of the Polymetal London Telegram Group

Post from the owner of the group in 2023

@Westy54 - Are you able to join the POLY London telegram group? I'd like talk a couple of things through with you before I speak to EM on Monday.

Buckeye AKA SimonO and Westy54 AKA IainW and EM AKA Evgeny Investors Relations set up the London Telegram Group I would guess....

From some of Simons post it would seem he predicted the future extremely well. He has in the past spoken personally to IR and the CEO and CFO he might be advising them on strategy as he seems an extremely knowledgeable guy.

His posts below.

RE: Low valuation21 Jul 2022

It would make a degree of sense for the Russian assets to be split out in exchange for the debt, though whether that could be made to work is another matter. If Vitaly could swing it he could end up an even wealthier oligarch than previously, so winning by his metrics.

There are some bright spots in this.

1) Kaz assets are actually pretty tasty and a good starting point to build from again

2) The board are going to be very energised to regrow the company as they've just had 2/3 of their company/wealth taken from them

3) Taking action (any action) which removes the company from Russia allows them to operates freely and for investors to engage with clarity and without fear.20 Jul 2022.

If you read his early chat history on here you'd wonder whether he's a board member. If he is steering board level decisions then running a Telegram Group is extremely odd and borderline breaking compliance rules and regulations.

Remember as of January 2023 half of all shares issued so 230 million resided in the UK nearly all held by private investors.

Since the move to Tabys and the AIX and forced sales a huge proportion of those 230 million shares still reside with HL and AJ and after this amount of time being passed they are not moving to the AIX hence liquidity issues.

I am not a member of Telegram so cannot communicate on what has been written on their group thread.

Kazahkstan not joining BRICS. I would imagine that was Russia's suggestion. Kazahkstan's gig is buying stuff from the West and selling it to Russia at a markup. Last thing they need is to lay Kazahkstan open to same sanctions as Russia.

Kazakhstan is becoming quite a safe neutral place to domicile your company and here we are. Yet you will find the de rampers pointing out Kazakhstans refusal to join BRICS is bad for the company. It's rather good actually

If you're lucky enough to be in here under 4 quid and you hold a nice sized pot. By 2028 it will be double 4 quid that's 25% growth not compounded per year. Just over 10 bucks.

The CEO bought 3 million plus at 9 bucks paid 27 million US dollars of his own cash there's you're insurance so stop reading Telegrams groups delete the application and delete your account from Telegram. Those groups are to serve a purpose and the narrative will surely extend to what the purpose of the group's are.

It's so difficult to buy in here so don't sell now when on a 50k pot at 4 quid you're earning £50k a year for the next 4 years tax free if you're cute. Nearly a grand a week.

I don't disagree but you're missing something in here.

Liquidity of stock. To list in say London or New York there are certain rules for example portion of stock attributed to financial institutions and funds. A percentage of the free float which is liquid rather than illiquid.

I agree there's been alot of stock move off book and from Moscow to where, we can only guess but the head of investors relations said its gone to hands which do not trade so there's your answer.

The liquid trading stock is tied up probably with private investors and until this becomes liquid the company cannot satisfy the trading rules of a major exchange

They won't do a placement and won't increase share issuance so here they are stuck in Kazakhstan on low liquidity

They will not buy back or pay dividends as this rewards shareholders who they possibly feel should not be rewarded. It's a bit of a tussle between private investors and a CEO who feels they should not have been able to pick up equity in his company for below what he paid $9 hence holding the share price at these levels hopefully allows retail to scurry away as long as there seems no possible capital growth for many years read the new narrative 2028 at the earliest will you even see any capital growth a dividend or anything to get excited about

No CEO would survive this mantra hence the very odd setup and goings on in here. If it don't seem right usually something is up.

The company now are quite hostile but they know who owns how much as they hold the shareholders register and until the balance suits the company expect more of the same.

In January 2023 the sp was £3.50 and the call made by the CEO was cheap plastic parts made by China are causing problems to equipment. He did not have to speak but he did and dropped the sp to £2 in a few sentences. He does it often, why work it out.

10% down YOY Gold up 20% YOY. Frontier exchange at work. Impossible to buy any as a private investor. Not included in any indexed funds. YET.

Quite clever. The company listing primarily on a Frontier exchange market place allows their equity to be transferred to the majority shareholder and other funds at a controlled book price. 87 million shares released from the Moscow Exchange no where to be seen on the AIX exchange. Still 20 odd million left in Moscow which won't be going anywhere until the war ends and sanctions removed.

Very clever though. The smaller retail holders will now be in the minority which suits the company.

The CEO has damaged his reputation through making statements and not following through. One is the LSE listing 6 to 9 month's he initially stated now it's whenever he decides etc.

Dividends broken promise.

You have Investors Relations saying two year's locked to the AIX then the CEO saying that's misinformation.

Alot of lies been told which were unesesaary statements to soothe shareholders before votes.

With the Russian exchange gone it would be better to reserect the ADR with BNY Mellon ASAP.

This would help liquidity and access because BMY Mellon have not sold off any shares nor transferred to the AIX.

5 million shares doing nothing. They can't transfer them to the AIX because it would be reissued shares and so breaking sanctions. They stated they will not force sell.

Give them a call...

Polymetal is no longer a public company. Majority of shareholders cannot vote.

45 million on the Moex cannot vote

Hargreaves and Lansdown cannot vote

AJ Bell cannot vote

Nesis stated retail don't vote he was right he's made it that way.

Nesis and the Majority shareholder will force what they want through.

It's shambolic Return the whole shareholders register to an exchange where all can vote, it's liquid and Return a percentage of free cash flow to shareholders

Bulking up is just bulll sh11tting shareholders again lie after lie after lie.

Three posts down girlfriend

Probably these guys are the choice of many.

1. Halyk Finance: 'Tazhekova Assel' a.tazhekova@halykfinance.kz; Halyk Finance Sales sales@halykfinance.kz

But it is not easy to open and operate. Unless you are already a holder, have a long hard think about the way this stock is set up on an obscure exchange.

It is very iliquid, nothing is easy, I suggest you join one of the three Telegram Groups, some very helpful information and it may help you with your final decision.

johnnth & jotom750

some good points, your posts are shared on here.

h t t p s ://****/poly_global/1486

if you are on telegram, have a think about joining the group.

*************poly_global/1486

I agree they want retail out the management want rid of the moaning little f888kers.

There's retail some have 100k or more stock.

Go on Telegram Polymetal London group There's a couple of administrative guys and a couple of posters they are all either the same person or investors relations and they're all shouting sell sell sell and go.

It's funny but the sale deal is awful arrangement and Nesis wants more gloom. Notice the sp is sticky around 3.80 cents.

It became known that the Polymetal company stole millions using a cunning scheme

One of the leading producers of gold and silver in Russia, Polymetal, which mines minerals in the Urals, did not pay millions of rubles to the Federal Tax Service. The leaders of the enterprise came up with a cunning scheme with which they deceived the state and did not pay huge sums of money to the treasury. A full investigation on this topic was carried out by the editors of the Business Journal portal .

Saum Mining Company is part of the Polymetal group and has been mining metals in the Sverdlovsk region for more than 20 years. However, in 2022, claims were brought against the company by the tax service, and the company was unable to evade responsibility. We are talking about underpayment of taxes on mineral extraction in the periods from March to April and from May to June 2022.

The Federal Law “On Precious Metals and Precious Stones” clearly sets out the nuances with setting prices for minerals and jewelry. The Central Bank of Russia regulates the price of ore containing gold and silver, based on the prices of the London Metal Exchange.

However, SGK set prices independently - based on its own benefit. Moreover, the company did not inflate prices, but significantly underestimated them. This was done in order to reduce the level of the tax base. Anton Naumenko, partner of the Ural Ecological and Economic Bureau, spoke about this.

At the time the illegal scheme was in effect, the market value of a gram of gold was 4,346.34 rubles, while the buyer received it at a price of 2.59 to 3.16 rubles per gram. The same situation was with silver, which was sold at prices ranging from 59 kopecks to one ruble instead of the required 54 rubles per gram.

As a result of similar fraud in 2022, the Federal State Statistics Service reported that the Saum Mining Company suffered a large a loss of 242 million rubles, while in fact the net revenue of the enterprise was huge and increased by 530 million rubles compared to 2021.

The company has not yet published financial statements for 2023, many believe that the loss figures may be even worse than before. Meanwhile, the trials on this incident are still ongoing and the Saum Mining Company has already lost two cases.

Court decisions strengthen the position of the tax authorities, confirming the validity of the department's interest in this group of companies. Most likely, now all assets of the enterprise will be under the close control of the Federal Tax Service.

Yep. Russia toxic. BSR Your toxic. London Poly group toxic

Good luck on the credit narrative for growth. Never Judus your retail investors Instutional watch on...

Retail sh1/t on.

The cynic in me has always had one thought. Even now looking at the trading trends on the AIX. Management thought, hoped, pushed via the London Group Admin, IR whoever they ate. To get out of the UK brokers and register with one of the Kazakhstan brokers. If not that go to certificate or Tabys then to the brokers. Liquidity would increase and shares would be sold. Possibly to an unknown large buyer at these low prices. The transit away from Retail which is of benefit to the larger holders and the company. There's too much retail in here for any boards liking. Hence the continuing doom talk of no dividends and years of bulking up. The CEO is sick of retail moaning having bought in big at way below the likes of Blackrock and other institutions.

But retail are not trading on the AIX retail are just sitting it out which is frustrating Management. Every turn its just sell out then if you don't like what we are doing. There's retail guys with 100s of thousands of shares.

If you look at the trades on the AIX it's all really odd the price moves on one trade at 1 share volume but does not on 100, 000. My bet is Possibly HAYLK the market maker is hoovering up for someone but its all way too slow.

The cynical side thinks Management want you gone and the current play is too get you to sell. The Oman boys will be Management friendly not retail investors friendly so don’t expect much now until the free-floating shares have shrunk away from retail into the big boys accounts. It's just getting a little too obvious now.