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Wsr, only you know what is right for you, I don't believe in fomo buying myself. Having said that, this could easily turn into a slurping frenzy

Rylidan, that's up to you. When I saw a global top 10 gold miner with a p/e of 1 and 60% dividend yield, I bought. Assess the risk Vs the upside and makes your decision

Neeeew, zoom out on the chart. All the buyers after sleeping a giant tasty dip right now

CR, if moex opens and holds that 837 ruble (6.67 GBP) level, all bets are off. Russians don't care about sanctions on poly and know that putin is highly unlikely to steal their own polys. Their risk profile for this stock is completely different to UK investors

The USA is trading at 3.95 USD as I write this.

Thats 3 GBP

... and at that price poly is still deep value.

What happens if moex poly opens near it's closing price of 837 ruble (6.67 GBP)...

Great work Baron, do you hold shares or have a position?

I've been slurping for years

Russia is no longer requesting Ukraine be “denazified” and is prepared to let Kyiv join the European Union if it remains military non-aligned as part of ongoing ceasefire negotiations, according to four people briefed on the discussions.

Moscow and Kyiv are discussing a pause in hostilities as part of a possible deal that would involve Ukraine abandoning its drive for Nato membership in exchange for security guarantees and the prospect to join the EU, the people said under the condition of anonymity because the matter is not yet finalised. The draft ceasefire document does not contain any discussion of three of Russia’s initial core demands — “denazification”, “demilitarisation”, and legal protection for the Russian language in Ukraine — the people added.
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Great news:
- Ukraine been be part of the EU
- Nazis in Ukraine can keep operating!

I am student of special situations and I like distressed assets. Since 2009, there have been many many situations where "end of the company" crashes have been bought up aggressively in a V shape. BP deep water horizon, boohoo slavery scandal, bitcoin fud, covid crisis etc off the top of my head. My theory is that news disseminates so quickly now and retail have access to comparable information to investment professionals. Also, Investors have been taught to buy the dip since 2009. They are trained to believe stocks will always go up if they just slurp that tasty dip.

Basically, I think we are seeing the V shaped recovery play out yet again. The market is waking up and seeing the world isn't ending. This too will pass and eventually we will return to some version of normal and poly will still be a top 10 gold producer.

Remember the bloke on Friday who dumped his poly bags because he thought the moex opening would be bad optics and drop the shares price. At this point people just need to not sell. It isn't difficult, turn off the screen if you have to

This is why they are proposing splitting the company into Russian assets and kazhakstan assets. The value of the Russian assets to russians is almost at original value. The value of the kazhakstan assets to UK investors is probably 80% of pre war valuation. It's up big Chad chairman Riccardo Orcel to unlock the value.

Diddler, what price is this?

Preliminary results are coming in. Looks like buyers don't want to pay with their POLYs at anywhere near these levels. This who want to build a position better get slurping

Let's see how long people are going to hang onto their POLYs
https://strawpoll.com/polls/GPgV30rmpZa

The formula is very simple. Gold price going up. Cost of labour in rouble and kazhakstan tenge is going down. This makes for huge margins and most likely the biggest earnings year on record. Earnings could be up so much that the forward p/e is almost 1.

Well well well. Seeking alpha has a large readership in the States

We're all gonna make it lads

Riccardo Orcel is an absolute savage. He will find a way to unlock value here, I'd be interested to know his holdings.

I have a kitchen sink detector and it was going crazy on this stock

I would assume worst case scenario is a Russian nationalisation and kazhakstan nationalisation somehow. Complete wipeout. I put the risk of this at probably 1%.