Member Info for Richierich25

In relation to this going concern issue.
Checked the Petrovski F Score & the business is cautionary and not in distress.
Net debt decreased due to domestic gold sales increasing.

I sold about 6 months ago mate at 219 because i wasnt sure of the liquidity of the business and if they were allowed to sell on the Wests metal exchanges.
Now they can, but the Kremlin wont let them.
After the fall of the Soviet Union, many business' were at bargain prices in Russia and this created billionaires.
Putin thinks that the scenario will replay, but China and India have no trading partners without the West and they need to be careful doing business with the Russians.All eyes on them.

It falls first because it takes twice as long to complete trades in a volitile market.
Reading the FT Article and Poly's CEO has said the transition to Kaz stock exchange will take place in the 3rd quarter of 2023 or 6 months out from today and they also want non decimile shareholders to be able to vote on the exchange before moving to Kaz.
He said that sanctions are stopping both UK and Russian investors receiving dividends and these can resume after the move.
The question is, how much of Poly's revenue can be generated from the two Kaz mines?
Thats your share price.
Down from £14 to £2

The Wars over mate.
The best thing Russia can do is rebuild its economy and put a new Government in Power.

His delivering.
If the JV thing doesnt go ahead, then it wont drag the SP down because its not factored in already.

10 days of the Worlds supply for 74 million.
Thats a snip.
Alot of these big oil companies perform silent acquisitions all the time.
BP are expanding in America and praising Joe Bidens climate bill at the same time.
Money Talks and people will kill for money.

I’m glad your not in charge of negotiations mate.

250 million shares - not thousand.

Profit Margin at $15.23 per barrell x at $477 million dollars 31 million barrells (modest extraction estimate) = $477 profit or £0.80 to £1 a share.
You have to remember the business has 250 thousand shares and a Enterprise Value of $76 million.
Potential 6.2 x upside or actually £1 on the dot.
Im no expert - just have a diploma in accounting, but i would be happy with a cash injection for 35 percent of the business at say 25 pence a share.
No one knows what the M&A Team are planning.

News could come shortly about a JV for 35 percent stake of the business.

I put the business at £0.80 pence a share for the 50 million barrells that it holds in the deep well alone.
Profit of $15.23 a barrell of crude WTI.
80 pence because all the oil cant be extracted and profits have to be relised.

When they say higher strike on new warrants of 18p vs 16.75p on July warrants for bonds in 2025.
Effectively whats been said, is the bond holders have agreed to make up the difference of between the two prices and offer further liquidity?
Correct me if Im wrong.
The market didnt enjoy this announcement.

25 pence a share.

25 pence a share.

The truth is Art has never lied to his investors.
Was watching a program on Youtube about all reserves and the ridiculous cost to extract offshore deposits.
https://www.youtube.com/watch?v=dw1fiXc6Qs0

When the news drops mate !
Take over.

Plus the FT have revenues forcast to go up 4 fold in 2023, compared to the prior year.

Its really a price target between fair value and book value, which will determine the future bid.
At todays price of 13 pence and a mid range target of 22 pence per share.
Your looking at 69 percent undervalued.
The dividend payments would help offset risk, like in I3 Energy.

Yeah, Western Governments have been borrowing money from the future AGAIN, just so we can go out and buy Christmas presents and pay a car off.
The price is not reflected in demand, because its been discounted by Government payments/futures contracts.
I do see the UK pound failing in a few years time and the best way to protect yourselfs is to buy silver bullion.
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Fair Value vs. Book Value
25 pence per according to Morning Star and 19.2 pence per share according to the FT.
Id accept 20 pence a share from a buyer who can get the assets from under the COPL land.
Unless they were looking to take the firm private, which would mean no future dividends.

Any objections?