GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Like I said it went oversold and bullish momentum with lows 183-188 hit. Hardly any available stock below 190- floor is in. MacD crossed on the hourly and without news and purely on technicals this could hit 100w moving average sitting around 240
Would be nice to stay there in august and have the good news propel poly to £3+
FFS fat fingers got a quote to buy and accidentally sold 192 GRRR
luckily 1% of holding but fffs now need to buy back higher
Fair few buys this morning. No appetite to sell here. Most looking for £2.80-4+ perhaps
Good finish and a slow and steady rise toward august announcement would be preferable. The spikes up are good for traders but upward momentum in a steady way is preferable
(Ps. Filtered Simon, having lost a baby newphew a few years ago , that comment put tears in my eyes and it’s beyond disgusting. No words )
Going for 205p blue finish
Great post Tyra
Echo’s most long term holders. For moths we held 233 and got decimated a little to fill a gap. Strong support here 180-190
Irrespective of price, poly have just increased value by all your aforementioned points which many naysayers still forget to mention
All they seem to focus on is debt but they never talk about the sheee amount of gold and the companies confidence in offloading over the next weeks.
We should see some upward momentum, rsi was over heated with that rise but we’re now below what we were just two weeks ago. And still below auditor RNS etc.
Gold looking good too so can see us rising assuming that plays out fine
RSI on the hourly heavily oversold now, and on the 4h. Bounce is imminent, I’ve added today and Will on Tuesday too
Just a week till august, a month where POLY will sell their gold inventory to various Asian markets.
This will reduce the debt figure and further improve the companies stance. Very much look forward to hearing from them about this. Class management- interview was reassuring and I think I will increase my position further based on that alone
Moving north gradually- no major negatives in the updates. Had plenty of positives like auditor and solidified plan B to circumvent Russian assets
MacD crossed 15mins and looks like it’s about to cross the hourly
PS. Why are ppl replying to CWWX? Filtered them ages ago. Riddled with inaccuracies and clearly hasn’t rhe foggiest. Keeps reading from the same script and re-iterating what we know (and also numerous this that are just untrue)
Them, big blue. Starve them off oxygen. And watch them reincarnate as <10 post users with accounts that haven’t been used in months. Can tell by some writing styles they just use aliases. Cheap tricks to get the price down if they’ve sold too early and want a low entry
Directors skin in the game. August expects them to sell Gold reserves, with more news in September. Update in their split plans could happen anytime
Solid RNS’s and interviews however SP currently taken a beat but that’s because lots of Doom and gloom from posters clouding judgements
Risks are here but they’re fairly minimal compared to the upside. Quite ridiculous how POG is even being mentioned in comparison - these are totally different situations and poly doesn’t sell to sanctioned Banks or countries - not in any mildly significant amount
Revenues generated from Kaz alone should value this between £4.50 and £6 depending on generosity
Russian assets valued £5-7 but let’s call it £3 just to give a massive discount to a purchaser
That’s £7.50 to £9 at least and this can be achieved quickly if they decide to accelerate plans
I see no reason to though, best wait for war to either cease or at least be put on hold during the winter seasons.
Stockpile of Gold shouldn’t be brushed off. Selling near the lows could actually cost them hundreds of millions of dollars. Patience and selling to Asia at even $50/oz more is very very smart
There are more updates to follow, stock is hard to buy sub 190p. This should be 233+ minimum, even if it stagnates there for a while. Anything below is a strong buy for this top 10 gold producing company who have skin in the game and are heavily invested- wanting the same outcome for us. You can bet they’d like to see £10 again - and are doing everything in their power to maximise gains
A sale of Russian mines could yield a special divi of £2+ , with the remainder paying down debt. Making poly KAZ worth £5 (over double current price) and giving investors (and directors ) at least £2 special divi which is even more than the current price
POLY call excellent- truthful and honest board
Trying a dummy to buy but won’t let buy any
Will take 50k easily though. Mm’s trying to rob us on a decent call and update.
Bounced off the 183 lows as mentioned earlier. Still NT to buy, ridiculously overdone drop but then again it did do a good run
Bullish reversal from a downtrend now. Sp should gradually build and form a higher base instead of dripping off
Bought more at 183. Gap filled and oversold on the 15min heading oversold on the hourly
Nothing has been said so far to warrant this drop. The RNS mentioned the Russian asset sale or split won’t be immediate, they’re working on it. News on that could land next week or next month
Massive slit drop to shake some out
Will accept large sells but can’t get a quote to buy
Excellent as they’ve hit expectations. The only reason for the increase in debt
“ A quarterly increase was driven by bullion and concentrate inventory accumulation, accelerated purchases of equipment and spares, funding of the critically important contractors and suppliers”
Meaning they have an increase in bullion concentrate. Heavily increased stockpile of Gold!
Once they can sell this they’ll expect significant amounts in return. This is why revenue seems down and net debt is higher but Ore mined +40\50%
Overall gold production only affected some 9% but explanations are understandable.
As expected, coupled with the asset sale news shows strength in Poly thah they’re continuing to perform with plenty of cash in hand
Q3 not far away and they’re expected to sell the Gold, reducing debt
Looks like she’s going to move north after consolidation around 220p
NT to buy. They’re willing to take tens of thousands of shares. Could be push up again in anticipation for tomorrows news. Decent update plus showing how valuable the Russian assets are could solidify a much higher SP, and keep us cracking on
400p recent high and that was before the solid updates, auditor now sorted and split/asset sale news is strong. Lovely EX-FTSE100 company with so much room to grow.
There are people on this board with posting histories suggesting £5-6 just last month, and now trying to deramp. I bet a fair few got caught out and sold well below £2. Good luck getting those prices again especially after tomorrows RNS and presentation/call
Khaz is very much still worth multiples and even if RUS assets based at £6 and they were discounted like Kinross at 50% (unlikely) that’s £3 - giving £5.5+ £3 = £8.50+
Quick drop to flush some hands, re trace probably as it jumped from 213 to 230 so quickly after auction yesterday
Poly update and investor presentation tomorrow which seems bullish, easy hold and now buy.
The news of a split and reintroduction of new institutional investors is splendid news
Day is still early, and tomorrows update should be solid
Would’ve preferred a split but who knows if that causes more trouble. Might have them suspended like EVR one day. This severely reduces risk as Khaz is £6 alone without poly Russia
That’s assuming we get £0 for Russian assets but derampers like CT will use this good news to incite fear in the heart of smart investors
The asset sale might not get the premium it would’ve in 2021 but it certainly will fetch a pretty penny and as the board outlined theyll do it
“In the best interest of the company”
“In the best interest of the shareholders”
This is a win win. If they don’t go ahead - not so bad. Hopefully war is resolved before it gets to this stage. If it keeps KAZ then ii’s will plough back in and it’ll be unsuspended from various platforms with pockets waiting to add
Polymetal updates conference call’s details for the Group’s Q2 2022 Production results on Thursday, July 21.
The Company will hold a conference call and webcast on Thursday, 21 July 2022 at 11:00 London time (13:00 Moscow time)
As said GOLD looking healthy. Markets are up, strong support found for gold (and Poly 1.60) so expect a decent rally coming up
Gold to hold/break $1720 then looking for $1760
Poly oversold on daily. Revenues per annum now multiple times the market cap. PE ratio is ridiculously low. Anyone buying now looking at large % dividends in years once reinstated.
Not sold any and accumulating where possible - now on a lovely large number of shares.
Blue has been filtered so I’m guessing the 6-7 boxes in a row was them. Desperate TW acolytes trying their best - when the double digit rises come these anons will be nowhere to be seen- and will only return with doom mongering on consolidation periods
On the daily heavily oversold. Support 1700 now looking for a move 1730-1768 consolidation range
Update due this week. With a rise in gold could be a good week