Member Info for Splice

This is an extremely volatile share. Nothing would suprise me, a 150 entry is not out of the question. In my experience fomo is rarely the right choice

It's just a green box. What is your average on solg and how much have you lost? You know it's a debt laden, 0 profit ever jolly for management to their pockets right?

Would she have slurped the dip?

CT, by Russia they mean the Russian state buying selling gold, it isn't a sanction against selling or buying gold in Russia. The other paragraph I posted makes this clearer

https://www.reddit.com/r/POYYF/

That is the subreddit, they're shilling hard over there

"I am going to write a theoretical situation where I will show how 100,000 shares of POYYF could possibly allow for a successful and early retirement."

It's financial planning on Reddit

This guy is shilling poly like crazy:
https://www.reddit.com/r/POYYF/comments/tnw2v8/how_poyyf_could_be_your_vehicle_for_an_early/

ggrantsu, you know the moex listing isn't new right? It's been around at least since 2012 by my reckoning? I agree it may be better if it didn't ever trade there but this isn't a new listing. They have one in the us, plus a us ADR, kazhakstan, LSE etc

It would be interesting to know the volume traded in moex Vs LSE Vs USA and where the holders sit. LSE is clearly the primary listing. Moex may be small volume. It is what it is and cannot be changed now. Delisting would surely annoy Russia. It's really difficult to know the impact of this

The new sanctions are targeted at specific parts of the Russian government.

I suspect the objective here is to prevent the Russian Central Bank from turning the gold reserves into foreign currency or otherwise transacting using the gold.

"The US announcement to block gold transactions was done alongside the Group of Seven and European Union allies.

According to the US Treasury Department, “US persons are prohibited from engaging in any transaction – including gold-related transactions – involving the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation or the Ministry of Finance of the Russian Federation.”

Thanks CT for the reply, always like your perspective

My biggest concern with this stock isn't: UK/US sanctions on nesis, or UK/US sanctions on poly, or Russian nationalisation. I think all of these events are either unlikely or manageable.

It's persistent capital controls in Russia that prevent poly from paying the intra company dividend to the parent and hence difficulty paying the dividend.

CT,

"...there is serious risk to Nesis of being sanctioned"

This remains to be seen, he hasn't been sanctioned anywhere in the west yet as far as I know and I can't see any link to Putin.

"...and it will effect this share. Likely a suspension if it does."

He owns around 12%. I do not think it would lead to suspension, that would be incredibly harsh treatment on 88% of shareholders

Hunter is a good boi and the payments from burisma are a conspiracy theory.

Lewis its drive by spam on the board, nobody likes it.

Next dividend is 52 cents USD. Convertible to GBP on request.

Jezza, my sense is that the dividend is cancelled (this is not a bad thing) and a share buyback is implemented.

Here is the important part from Pravda. Read it carefully.
---
Russia limits the movement of funds to ‘unfriendly’ countries by $300 billion

Russia, in response to the freezing of part of its reserves by the West, applies a mirror measure and limits the movement of funds to unfriendly countries, states the Central Bank said of Russia.

The regulator recalls that Russia authorities, in response to Western sanctions, have already banned the sale of securities by foreign investors and the withdrawal of funds from the Russian financial system.

“In addition, payments on the corporate debt of Russian companies and the government debt to debt holders from countries that support sanctions against Russia will only take place after the permission of the government commission. Thus, in response to the freezing of part of the Russian reserves, Russia also introduced restrictions on the movement of funds, which could be transferred to unfriendly countries for a comparable amount," the Bank of Russia points out.

Earlier, Russian Finance Minister Anton Siluanov said that the West had frozen about $300 billion of Russia's gold and foreign exchange reserves.

See more at https://english.pravda.ru/news/russia/150844-central_bank/
---
So basically the only thing that changed is bonds payments from the Russian government and Russian corporates (ie government bonds and corporate bonds) require approval from a government body.

Ok, I fail to see how this affects poly

I do not believe this will affect operation of the mines at all. I do not think think nationalisation is even on the table. The figure 300b could be met simply by introducing capital controls on MOEX capital markets (ie. foreigners cannot sell). It remains to be seen how this impacts poly.

Here is some commentary from Pravda: https://english.pravda.ru/news/russia/150844-central_bank/
Russia limits the movement of funds to ‘unfriendly’ countries by $300 billion

So there is a cap on what they will restrict with the capital controls. This appears to be a direct response to the freezing if Russia's government USD reserves.