PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Infor do you think that 3 million pounds was a sell or a buy?
Nice round £ number to be a sell, 3 million, sells are usually odd £ numbers but rounded volume numbers.
5.5 million shares changed hands on Wednesday, I'm guessing the market makers took a good few, its why it hit 200p, so on the bounce they will clean up.
The SP fell from 345p to 200p. The pool for free float must be shrinking to cause such a huge drop on that volume. Me thinks their are some sticky hands in here now. First four trades of Wednesday tell a story.
4 345.175 100000 O 342.1 349.9 07:59:35 100,000
3 345.175 100000 O 342.1 349.9 07:59:35 100,000
2 345.0 90000 O 342.1 349.9 07:59:29 90,000
1 345.0 90000 O 342.1 349.9 07:59:29 90,000
Are they buys or sells? Bang on mid way spread.
Nesis was reaching out yesterday, he is steering a tanker with one hand tied behind his back. The authorities in Russia, the UK, the LSE, Euroclear and anyone else who wants to take a pop are really not interested in whether POLY fades and dies.
Primary listing will NEVER go to the AIX, liquidity would be terrible, and how many brokers would deal with the AIX? More possibly the HKEX, and a GDR listing on the LSE, this was always my preference. Why it has taken so long to delist from the LSE; possibly Blackrock and other II’s?
Eleven months of a poor SP and the company is doing just fine, but the SP bears no reflection of his hard work. I’d be p***ssed off after eleven months of all the shenanigans gong on in this odd world.
I would say, I think they are dragging their heels in the hope of an end to the war and a sanction easing off? But how long can they wait?
I am surprised he has not at least promised a divvy in the near term, possibly May, as I can see a debt reduction prior to this month.
He is in the press stating he is leaving the UK jurisdiction and possibly the LSE, whether the powers that be take notice and starting pulling with him, well we will see. But I think a lot of what he said yesterday was finger in the air looking for a response from the people who will not talk to him.
I do not think it helps having lots of PI’s asking dumb questions about this and that. The sell off yesterday, well some people just have too much money and too much time on their hands to script comical stuff on here.
I wonder whether we will see sub 220p again? My only regret is not possibly buying up more below this SP. Possibly HKEX next year for the stock migrating from the MOEZ which should allow more volume and a lifting of broker sanctions?
https://www.reuters.com/markets/currencies/russia-likely-buy-yuan-fx-market-2023-sources-2022-12-22/
£4.569696 on the MOEX
https://www.tradingview.com/symbols/MOEX-POLY/
Its in the latest RNS......
9.91% 46,950,805
https://www.lse.co.uk/rns/POLY/polymetal-tr-1-notification-blackrock-ivyb0piwl6tboee.html
So Blackrock crossed or reached the 5% threshold on the 3rd May 2013, so in hindsight it paid a minimum of 733p for the previously purchased shares as the share price was no lower than 733p prior to crossing the 5% threshold.
https://www.lse.co.uk/rns/POLY/tr-1-notification-of-major-interest-in-shares-3afik5rm8dcl74q.html
BlackRock Investment Management (UK) Limited - 19,494,577 (5.01%)
Date of the transaction and date on which the threshold is crossed or reached: 3rd May 2013
~ 733p Price Paid
...................................................................................................
https://www.lse.co.uk/rns/POLY/polymetal-tr-1-notification-blackrock-fnymaospzdkr3ob.html
Date on which the threshold was crossed or reached: 29/11/2019
5.00% 0.07% 5.07% 470,188,201
~ 1190p Price Paid
....................................................................................................
https://www.lse.co.uk/rns/POLY/polymetal-tr-1-notification-blackrock-b1xznm9d5tp22ic.html
Date on which the threshold was crossed or reached: 25/02/2022
10.08% 0.00% 10.08% 473,626,239
Price Paid ~ Opened at 682p and closed at 798p
........................................................................................................
https://www.lse.co.uk/rns/POLY/polymetal-tr-1-notification-blackrock-ivyb0piwl6tboee.html
5. Date on which the threshold was crossed or reached: 08/03/2022
9.91% 46,950,805
~ 92p Price Sold
Reduced from 10.08% to 9.91%
.......................................................................................................
My guess is they have an average of at least 765p so £7.65 times 46,950,805 shares equates to £359,173,658.25
Just under 360 million pounds invested in here....
If they sold today at 240p then a recoup of £112,681,932 and a loss of £ 246,491,726.25 (£246 million pounds).
Alf, Agree and it does seem company policy so far.
JAB The dividend from May 2022 this year is still sat in a Cyprus bank....the company have not stated otherwise have they. They stated the monies were sat in their Cyprus bank account so why would we assume this situation has changed? Surely it is their responsibility to notify shareholders of any changes to the situation previously announced via an RNS?
Or am I missing something here?
Manlord said Quote "POLY is being held here at these prices 100% deliberately make no mistake.
It may as well have been suspended in March as buys are limited to certain platforms with some places only allowing sells.
II’s have bailed, some have held but the MM’s will just hover here until the media, governments & markets give it the all clear. There was such losses from big II’s that they will want to get their holdings back when they can and there’s no doubt that the MM’s have been instructed to just keep it ticking over and held within a range. PI money won’t move this but if you just hold & wait I’m convinced your buys down here will offer handsome reward & offer you one of the finest divi opportunities ever seen in a top mining company! This is not an AIM dog, this is a FTSE whale".
An AT trade 50 shares, sell side, drops the bid by 10 pence, bent as f**k. Low liquidity, stop loss shake out, do not use a stop loss, the bots will take you out!
https://www.lse.co.uk/rns/CHF/polymetal-to-buy-225-strategic-stake-069havuujqpmo7x.html
Polymetal to Buy 22.5% Strategic Stake
Thu, 26th Nov 2020 07:00
Chesterfield Resources Plc / EPIC: CHF / Market: LSE / Sector: Mining
Polymetal International to buy a 22.5% strategic stake in Chesterfield Resources
Chesterfield Resources is pleased to announce that Polymetal International Plc, the FTSE 100 precious metals mining group, has agreed to invest £2,100,000 in Chesterfield to take a 22.5% strategic stake in the company. Polymetal is one of the ten largest gold mining companies in the world with a market capitalisation of approximately £7.4 billion. This is in line with Polymetal's strategy to invest in mining companies in its regions of operation, and increase its exposure to copper. Chesterfield is a copper and gold exploration company focussed on Cyprus.
Polymetal agrees to invest £2.1m in Chesterfield with the issuance of 23.33m shares at price of 9p per share.
Chesterfield to raise an additional £400,000 via a private placement of 4.44m shares at 9p per share to new and existing investors in the company.
The two companies have signed a relationship agreement to govern their ongoing conduct following the investment.
Martin French, Executive Chairman of Chesterfield Resources said, "We are delighted to have attracted the investment of a tier-one mining company of the stature of Polymetal International. We are an ambitious young company and this strategic investment represents an important step in our growth trajectory. We greatly look forward to working with Polymetal to build value for it, and all of our shareholders who have joined us in our venture."
Polymetal will become the largest shareholder in Chesterfield and a strategic partner. The deal, at a price of 9p, presents a strong opportunity for Chesterfield and its shareholders. The transaction is contingent upon the approval of a prospectus by the FCA (Financial Conduct Authority).
Chesterfield is currently completing its first pass diamond drilling and geophysics exploration campaign on its licence district at Troodos West in Cyprus. This financing will fund its next phase of exploration. The company is planning geophysics surveys over the winter, with a renewed campaign of diamond drilling in the second quarter of 2021.
Chesterfield and Polymetal have entered into a relationship agreement that envisages granting one board seat to a Polymetal representative and will continue for as long as the Polymetal group maintains an interest of more than 15% of the company's voting rights. Details of this relationship agreement will be included in the prospectus which is anticipated to be published in due course.
CHIN UP GUYS...........
Manlord said Quote "Played"
Manlord said Quote "POLY is being held here at these prices 100% deliberately make no mistake.
It may as well have been suspended in March as buys are limited to certain platforms with some places only allowing sells.
II’s have bailed, some have held but the MM’s will just hover here until the media, governments & markets give it the all clear. There was such losses from big II’s that they will want to get their holdings back when they can and there’s no doubt that the MM’s have been instructed to just keep it ticking over and held within a range. PI money won’t move this but if you just hold & wait I’m convinced your buys down here will offer handsome reward & offer you one of the finest divi opportunities ever seen in a top mining company! This is not an AIM dog, this is a FTSE whale".
https://www.lse.co.uk/rns/POLY/tr-1-notification-of-major-interest-in-shares-3afik5rm8dcl74q.html
BlackRock Investment Management (UK) Limited - 19,494,577 (5.01%)
5. Date of the transaction and date onwhich the threshold is crossed orreached: v 3rd May 2013
~ 733p Price Paid
...................................................................................................
https://www.lse.co.uk/rns/POLY/polymetal-tr-1-notification-blackrock-fnymaospzdkr3ob.html
5. Date on which the threshold was crossed or reachedvi: 29/11/2019
5.00% 0.07% 5.07% 470,188,201
~ 1190p Price Paid
....................................................................................................
https://www.lse.co.uk/rns/POLY/polymetal-tr-1-notification-blackrock-b1xznm9d5tp22ic.html
5. Date on which the threshold was crossed or reachedvi: 25/02/2022
10.08% 0.00% 10.08% 473,626,239
Price Paid ~ Opened at 682p and closed at 798p
........................................................................................................
https://www.lse.co.uk/rns/POLY/polymetal-tr-1-notification-blackrock-ivyb0piwl6tboee.html
5. Date on which the threshold was crossed or reached: 08/03/2022
9.91% 46,950,805
~ 92p Price Sold
Reduced from 10.08% to 9.91%
.......................................................................................................
My guess is they have an average with a seven handle so 7 times 46,950,805 shares equates to £328,655,635
Just under or over 328 million pounds invested in here....
If they sold today at 240p then a recoup of £112,681,932 and a loss of £215,973,703 (£216 million pounds).
https://www.lse.co.uk/rns/POLY/tr-1-notification-of-major-interest-in-shares-3afik5rm8dcl74q.html
BlackRock Investment Management (UK) Limited - 19,494,577 (5.01%)
5. Date of the transaction and date onwhich the threshold is crossed orreached: v 3rd May 2013
~ 733p Price Paid
...................................................................................................
https://www.lse.co.uk/rns/POLY/polymetal-tr-1-notification-blackrock-fnymaospzdkr3ob.html
5. Date on which the threshold was crossed or reachedvi: 29/11/2019
5.00% 0.07% 5.07% 470,188,201
~ 1190p Price Paid
....................................................................................................
https://www.lse.co.uk/rns/POLY/polymetal-tr-1-notification-blackrock-b1xznm9d5tp22ic.html
5. Date on which the threshold was crossed or reachedvi: 25/02/2022
10.08% 0.00% 10.08% 473,626,239
Price Paid ~ Opened at 682p and closed at 798p
........................................................................................................
https://www.lse.co.uk/rns/POLY/polymetal-tr-1-notification-blackrock-ivyb0piwl6tboee.html
5. Date on which the threshold was crossed or reached: 08/03/2022
9.91% 46,950,805
~ 92p Price Sold
Reduced from 10.08% to 9.91%
.......................................................................................................
My guess is they have an average with a seven handle so 7 times 46,950,805 shares equates to £328,655,635
Just under or over 328 million pounds invested in here....
If they sold today at 240p then a recoup of £112,681,932 and a loss of £215,973,703 (£216 million pounds).
Bumpaty bump......
Blackrock did not borrow the shares, they purchased them. These were not financial options, but real shares. On the day the sp opened at 682p and closed at 798p. So it is not unreasonable to assume that Blackrock paid around 700p each for their newly acquired 24 million shares.
If they sold these shares now, they would make a huge loss.
Cost of purchase - 24m shares x £7 = £168m
Value if sold now - 24m shares x £2.40p = £58m
Loss to Blackrock - £168m - £58m = £110m.
Me thinks they might just be long, also the first tranches of shares were bought at the minimum of £4.34 per share as the SP has never been lower than (7th Aug 2015) 434p prior to the big dipper...
So 272 million invested 48 million shares 567p average bad boy minimum...
If your in for less than 4 quid, I'd say you might be onto a winner?
buckeye, old chap.....
Since you have access to L2, any chance of an end of session daily update on buys and sell etc?
ADVFN is very inaccurate, hence it will help determine the direction of travel...
https://www.leftbrainwave.com/2022/11/the-coming-european-economic-apocalypse.html?m=1#TOC1
Good article for the generals on here. Long but well worth the read.