Thursdays RNS18 Jul 2022 13:36
If you look at Polymetals revenue stream, you will find that 70 percent of its customers are coming from China and India.
The EU, USA and GB never did buy much Gold and Copper from this business.
Neither did Russia in comparison and Poly have said they've decided to stop selling to the Russian central bank.
The company has confirmed it will continue to trade for another 6 months, given cash flows and the EU have confirmed sanctions will end in January 2023 if Russia withdraws its troops.
If your having to recruit prisoners and young people are fleeing Russia, to avoid the War.Then this war will be wrapped up with the next 2 months.
On a negative note, recieving a dividend is a long way off.We will most likely have to wait until Putin moves along to the after life, just be too far off given his turning 70 years old.
Dont tarnish Polymetal with the actions of the Kremlin.