PYX Resources: Achieving volume and diversification milestones. Watch the video here.
10.50am.
10 Polymetal trades
20 Posts on the BB.
This is not low volume, this is total broker restrictions. Not one AT book trade.
All ten trades off book. 3340 Volume, beyond a joke.
JAB, nothing will be announced next Wednesday, nothing decided, no RNS. This will take months to sort out. I see no movement in the SP now until after Xmas. It's a shame for long term holders and to be honest its an untradeable share. Looking in comparison to Fres, Poly gets at most 100 trades a day, Fres gets 3000 trades a day.
It's nigh on impossible to buy and sell this stock globally, I have colleagues in Europe and in Australia/Canada, no brokers will touch it. No wonder the SP literally sits at a point, a juncture for 45 minutes some days waiting for a trade. Its more or less suspended but allowing what six or seven brokers access to buy? My guess is some of these UK brokers have some big PI holdings, so allowing buy/sells hoping to shake the PI's out of their large holdings...I know a conspiracy theory, probably boll@cks
In all my years of this game, never seen nothing like this, they do not want it suspended, delisted, but they do not want you to buy it, only sell it? Make of that what you will..
It's a 12 month hold, with huge potential, at 2 quid possibly a 10 bagger minimum. Anyone looking to get out in the near term for 4 quid, well best to go now, this could be dragging its heels for another 6 months minimum. Remember you cannot leverage to buy this stock, so only hard cash buy in's, which puts a huge foot round it's neck.
Exchange Offer closes 4 p.m. on 3 November
Record Date for the Exchange Offer p.m. on 3 November
successful tenders 10 November to 9 December
Latest time for completion of individual exchanges up to 16 December
Announcement of results of each exchange up to 19 December
https://www.t-trades.com/about
Yep the choice between T-Trades and HL, no brainer.
Spoof shares is your enemy.
Ray the reason you probably cannot buy on a T5 is because shares issued and shares outstanding do not match up is a possibility.
Ray your kidding yourself if you think market makers do not hold this stock.
I am betting there are far more brokers who do not hold this stock than what their clients think they hold. The brokers are the bent cog in this system not the market makers.
If Mr X has 300k shares in Polymetal showing in his account with HL, how do you know that HL actually can cover these shares, they are held in a supposedly nominee account and registered as one lot.
Stern, I seen your older post, and you have a point there. I am betting HL are in that boat.
"You are right but on the other hand, there are brokers who make troubles with materializing because... they don't have the stocks in reality as they lease them to shorters. And they will try to give you 82p instead of your stock at first opportunity. In the better case".
Ray if they are "O" trades they are off book. That means the market maker has sold or bought.
They are all O trades, so it is nigh on impossible to know whether they are a buy or sell without possibly Direct Market access?
When an investor buys or sells stock from/to a market maker, the transaction is reported to the stock exchange. Each transaction is, of course, both buy and sell. You are the buyer or seller, and the market maker is the other party in the transaction. However, only one trade report is required. The transaction reports are published by the stock exchange with a trade type of O, and services such as ADVFN,iii and MoneyAM, who have a "feed" of information from the exchange, will list the transactions on their Monitor/Watchlist and Trades pages. Some years back, all the online services thought it would be a good idea to attempt to list these transactions as buys or sells, and devised a guesstimate system - if a transaction is executed at a price above the mid-price, it is placed into the buy column. If executed below the mid-price it is placed in the sell column.
This coming vote, is it mandatory? Will all shares issued ~473 million have to be counted? Or accounted for by who owns them?
I ask because do Brokers still carry spoof shares, or lend share out; then all of a sudden an actual count occurs where there is a mandatory vote in action, like now; hence the brokers go into the market to cover there customers holdings like now? Been no divys for over a year, the share price on its ass, so no real need to carry all the shares, just a thought in these bent times we live in....
Have to admit Ray, you have been bigging this thing up for weeks, and now you just dropped £57k worth of shares. That's a bit naughty, I applaud your honesty though, but still, how the human mind works.
This is odd, on the ADVFN Feed its showing below.
08:37 - £50k Sell
09:13 - £50k Sell
09:13 - £50k Sell
09:14 - £50k Sell
09:41 - £50k Sell
10:47 - £50k Buy
12:23 - £50k Buy
4 x100k buys so far
Not seeing them Ray what Trade number are you up to me trade number 75
Seen 4X50k but unsure buy or sell?
Volume has picked up, 50 odd trades so far, and by the looks of it the Market Makers are dropping the bid and picking up nearly 440k volume already and its only 10.45am.
Transactions being settled to the bid side of the bid/ask so all going in the sell side execution. Smaller AT trades maybe shorting; which tells me market makers are picking up the slack in here, maybe big orders to settle further down the road?
Four 50k volume OFFER buy/sells at 198.5p, either an institution or fund buying or selling?
Maybe directors jumping has shaken the market, see who replaces them.
Buck is this better?
My wife just drew this template up, all welcome to use it if it helps out!
Dear sir or madam.
I hold a number of Polymetal shares in my online account held with you; and due to the announcement of a Special General Meeting which will be held at 10 am (BST) on Wednesday 12 October 2022. I have been advised that I am enable to vote on certain resolutions which could help in realizing increased value to my current holdings.
It is my intention to vote YES on these resolutions, and now I have been informed that the company has made available these documents, The Circular; The Tender Form; Form of Proxy for the General Meeting; and Notice of Availability.
Would you be kind enough to advise me on this matter, as you have not notified me as of how to vote?
I understand my shares are held in your nominee account as you are my stockbroker; so I will not be on the share register as I am not a member of the company. I am only the beneficial owner of the shares.
My shares are pooled by you in your nominee account and therefore there will only be one entry on the register for all of my shares; and so in your name as you are my stockbroker. The company will therefore not know me and will not recognize me as a shareholder.
So they will definitely not allow me to vote directly, and can bar me from attending or speaking at General Meetings. Would you be kind enough to appoint me as the proxy for the total number of shares for which I am the beneficial owner of?
Thank you and kind regards.
Buck - Alternatively, if you wish to vote without attending the meeting you can send (by secure message or post) a voting instruction to Hargreaves Lansdown and your vote will be forwarded to the company.
What's wrong with this?
1 AUTHORISE OFF-MARKET PURCHASE OF ORDINARY SHARES (A response to this proposal is mandatory) Board Recommendation: For.
I Vote Yes
2 APPROVE OFF-MARKET SHARE BUYBACK AGREEMENT (A response to this proposal is mandatory) Board Recommendation: For.
I Vote Yes
3 AUTHORISE THE COMPANY TO HOLD REPURCHASED SHARES PURSUANT TO THE BUYBACK AS TREASURY SHARES (A response to this proposal is mandatory)
Board Recommendation: For.
I Vote Yes
I have a holding in here, all held within a Hargreaves Lansdown Share account, ISA and SIPP.
I too have not received any notifications about voting; until Saturday morning I was not even aware of the requirement to pursue the need to vote on any resolutions. Now having read this thread and other online news articles I can see that maybe there is case to be pursued to vote.
I have no idea what to do, so in asking the question, if I copy and paste the three points below into a secure message within my online portal that is Hargreaves Lansdown.
Would this be enough information to satisfy my need to vote?
Title – Polymetal 2022 EXTRAORDINARY GENERAL MEETING
1 AUTHORISE OFF-MARKET PURCHASE OF ORDINARY SHARES (A response to this proposal is mandatory) Board Recommendation: For.
I Vote Yes
2 APPROVE OFF-MARKET SHARE BUYBACK AGREEMENT (A response to this proposal is mandatory) Board Recommendation: For.
I Vote Yes
3 AUTHORISE THE COMPANY TO HOLD REPURCHASED SHARES PURSUANT TO THE BUYBACK AS TREASURY SHARES (A response to this proposal is mandatory)
Board Recommendation: For.
I Vote Yes