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Exactly this - coiled spring
Friday 25th March 176p - 3 trading days later closed at 339p. Reaching £4 quickly
Next leg up imo technically could see higher than £4 especially with the right mix of news. Reintroduction of dividends would be good for next year. This year I’d rather debt be wiped.
In any case this was FTSE100 and I recall buys at £13 just this Christmas that went
Well looking at the daily it’s heavily oversold due a shift up. 1 month downtrend from 235 to 180 now, just a whiff of news or even no news and a technical reversal
MACD crossing on the daily. Oversold still on the RSI
£3-4 post war and yet it’s around (or less) than half of that. Wider markets taking the turn of the better and upon realisation of the upside of this cash cow plenty of money will flow back in
Of course, any peace news and it’ll fly. However, even with the unfortunate events looming POLY is in a very strong position. Accumulation sub £2 is a gift
Market cap some 850m, very low
Great value to be had here
annual accounts - not expecting sales update. They will issue that as and when. I'd personally liked to see sanctions dropped and EUA can safely resume being in the limelight. keeping a head down and growing and expanding is what they're doing now and it's the wisest move IMO
could be news well before november - but the DFS will certainly be exciting.
winter arrivals could mean an end to the war too
peace in russia and ukraine along with DFS and EUA should see a swift bounce to multiples of today by the end of the year (people were happy to pay 30-40p before and now we have a gift 5-6-7p-10p range)
Global markets arent the best with inflation but precious metals is the hedge and in months and years to come this could present a huge opportunity - bought more today and will continue every single time I can until the conclusion is here. Even a measly 40p sale sees a 7-8x return from here
even a low ball for 1.5-2bn and still a hefty return for shareholders. with capital to spend on other bargains during the 2022/23 years
Weekly chart looks great. Not expecting fireworks today but after it’s had it’s flat day or so expecting a steady move up weekly here on out, leading to Q2 results just weeks away now
Once more poly not affected. Flat day in store
Good post. Poly not affected by sanctions as expected. Perhaps an RNS will confirm it
been saying all day this is severely oversold - see how the cheeky mm's kept it in that tight range and shook a fair few out
before releasing the brakes. funny how a few unknown posters kept deramping this morning. saying its going to "tank"
POLY have told us BAU and auditor now in place - it was always going to go up. shame we weren't at 230 when that rns was released but matters not - allowed me (and probably a fair few of you) to accumalate more at GIFT levels sub £2
reckon £2 will be cracked tomorrow. Just wish I had more to add sub £2 but fully out of deployable cash
long long term hold for me (along with EVR) i mean years. not pretty seeing 5 and 6 figure losses in the account but have faith. this will reward the patient. in 3-4 months weve seen £8 to £3 to £1.22 to £4 to £1.60 - next leg up should take us above £4.
after the war, and many years beyond when gold breaches $3,000, $4,000 (look at the chart of gold, its an eventuality) - think about the shareprice
also - if they didnt pay dividends this year and wiped the debt off - sounds like money to me
MacD crossed 1h
Now oversold again on 1h 4h timeframes
Still trading below 50MA and 100MA. 55p drop in a few weeks is overdone.
shot up last time from 176p to 240p so now gap is filled hopefully can rebuild steadily going upwards (sudden drop this week, reckon theyll be filled on way up)
good post pandamonia, agree that with geopolitical issues you and the delisting, the 1700m oz per year is very impressive
My buy also listed as Sell. Infuriating but to be expected
MM’s playing the fiddle and trying to flush out folk down here. Been stable at 240p+ for months. Not selling when the RSI clearly indicates it’s extremely oversold and due a massive bounce
L2 does indeed show selling pressure is above 250 and anything lower than current sp has a strong wall of buys. It’ll need some serious selling to drop lower, which looks good. Wouldn’t mind hovering £2-3 until next bit of news myself
Bankruptcy is using another account like Double6
2 or 3 shorts getting squeaky bottom because they were hoping to close out lower. This is likely to go up if anything. These ‘uncertainties’ are literally nothing new and those two RNS’s were actually very positive
Increased credit lines, BAU, auditor etc
Offloading the Gold next to get a cash injection this year. I’d like to see debt fully gone first, before talk of dividends. Not sure why ppl want a 30p dividend. The share price has dropped even more in the last month. Buy now and practically get the dividend (as the sp is discounted by a good 50-100p)
Before auditor news this was sat double what it is now. Long term for us but i see a reversal in the short and medium term. Just look at the charts to see how oversold we are on every time frame
Managed to grab more on the bell. Blue already
Nobody is mentioning their stockpile of Gold which could be sold for $$$$ - which majorly benefits the company once that’s turned into cash. Given what’s going on POLY are playing this very well and now auditor is sorted and business is on track, bodes well for company
A few bears like Kaaba (seen on other shares to appear and deramp) and another unfamiliar user who is likely short and must be soiling themselves
Negatives out the way, small increase in debt. And no divi confirmation yet- most investors would prefer POLY hang onto cash anyway. It’ll value the company the same way but decrease any risk
I’d rather they keep cash than pay div atm tbh. Operations on target - which is superb. Sanctions not affecting poly and main Khaz assets- another positive reinforcement
Most of all, derisking this is the news we’ve waited for for weeks- new auditor in place. There were definitely many on the sidelines waiting for confirmation for that before adding more and lucky for them they might still get a steal sub £2
I added yesterday so pleased with that. Mini tensions of selling until Min £5. Could be this year or next, doesn’t matter.
Business as usual plus auditor sorted. Look forward to Q2 results now
And company reiterates they’re not affected by sanctions and unlikely to be in this new round but have contingency anyway
Small debt increase but no dividend payments would mean they would either wipe all debt or allow payment of the divi next month or two
Q2 results expected within weeks. Business as usual.
Excellent RNS’s, and released as per timeframe given by company - brilliant. Massive blue day aheas
Rise today
LE BOUNCE
update due end of this week or beggning of next week. I think, judging by speaking to the company, it'll be a positive one
The Split news will take months and I am guessing POLY are prolonging that to see if the war ends in that time. should it not my views are they will proceed with seperate Kaz & Russian shares - with khaz being valued much higher than the recent hights
picked more up couldnt resist. not risking waiting for 20p lower .when upside is easy 200p+