Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
President Biden has said
Blokes a chocolate fireguard.
Useless c@nt.
I sold my 35k share's for 95k my loss was huge. But if this drops to 2.30 on the ask I'm buying them all back for £10k less.Back in the game and only a £380k loss..
Pre invasion there was a bunch of us on AFVFN. All had 30k shares. £1 div. Me, Sceptical Investor. Imastipidgit. No one posted on here. Poly was nothing of interest.
Good luck. Just good luck.
Been in the red 15 months. It's making me ill..I just wanted out. Health is more important. I'll never touch another Russian equity. You post about you're 150p average. Some of us brought in at 1600p we believed. Look now. Uh gutted.
yep sold my last batch today. had 35k pre war average 13.90. sold out in total average price 270p. gutted. 390 k bummed. cheer's uk government. ****. equities umm.
Blue and Ray are the same person, it's actually friggin mad watching what ever it is talk back to the same person. This board, just not right. Blue and Ray are the same nutcase bot!
Isn't SPAM a pain in the rear?
NOT the canned Spam that you can eat;
I mean the spam in your email mailbox.
It's so annoying and so indiscreet.
"Mark as Spam" sometimes works,
But obnoxious messages still get through.
It seems as though you always have tons
Of unwanted email staring at you.
Have you seen "Six Months to Skinny"
Or the "One-Pound-a-Day Diet"?
There's always "Hi, you're going to love this"
Or "Want a good time?" That one's a riot.
What about "Help with Alcohol,"
"Penny Stock Tips," or "Erectile Dysfunction"?
Or "Toenail Fungus"? Yikes! Please spare me.
They send out this nonsense with no compunction!
Breast augmentation? That I don't want.
Baldness cures? Well, if I let it
Be a problem and needed some snake oil,
I know exactly where to get it.
I often get messages dealing with meds.
Those boring messages always fall flat.
And then there's "Male Enhancement Madness."
No thanks; I will pass on that.
Have you received the message that goes
Something like "Hi, my name is Pam"?
The one that I find really hilarious
Is the one that reads, "This is not spam!"
Despite precautions, when checking your email,
You're bound to find SPAM--lying in wait.
I have to say that I much prefer it
Not in my mailbox, but instead on my plate.
However, Nesis said Polymetal would not take that approach. “If you ask me, I believe a disposal of the Russian assets to a third-party buyer is not on the table right now,” he said. “We received very vocal feedback from our investors that now is not the time to sell. The prices are very discounted.”Instead, Polymetal will take steps to separate its assets in Russia and outside Russia, creating two listed companies. The first step in the process is to re-establish the rights of shareholders whose shares are frozen in Russia’s National Settlement Depository, which accounts for 22 per cent of the company’s shares. Polymetal is proposing to offer “certificated” shares to affected investors. All shareholders will vote on that proposal next week. Polymetal is taking steps to change its domicile from Jersey to a location deemed more friendly by Russia. After the redomicile happens, “we believe all significant blocks towards the separation of the company along the jurisdictional lines will be removed, and we will reach our final destination”, Nesis said. “This is the game plan.”The sanctions on Russia are hitting Polymetal’s ability to obtain mining equipment and made it difficult for the company to sell gold. The G7 has banned imports of Russian gold, and EU sanctions forbid selling gold to the Russian central bank. “We have gone through a very rough, very difficult period of time,” said Nesis, referring to gold sales. Polymetal had to create a “full-powered sales team, from scratch”, he said. “We have restarted all of our sales, two to three weeks ago,” he said. The company aims to sell its gold inventory by the end of the year, he added, mostly to buyers in Asia. During the first half of 2022, Polymetal reported a net loss of $321mn, compared with a profit of $419mn during the same period a year prior, because of higher costs and difficulties in selling its gold. Without access to western mining equipment, the company is switching to Chinese alternatives in most cases. While some machinery can be substituted relatively easily, underground equipment, for example drill rigs, is much harder to replace, Nesis said. The company’s biggest shareholder is a company connected to its founder Alexander Nesis, the brother of the chief executive.
Polymetal seeks new home as sanctions hamper operations
Anglo-Russian gold miner seeks shift of Jersey domicile to escape Moscow rules on ‘unfriendly’ jurisdictions
Polymetal is working to redomicile from Jersey to somewhere deemed more friendly by Moscow as a first step towards separating the Anglo-Russian miner’s assets, its chief executive has said. The company’s efforts are widely seen as a bellwether for foreign-based owners to restructure their Russian operations without taking significant losses on divesting them — a common issue for companies since the invasion of Ukraine. In his first interview since Russia invaded in February, Vitaly Nesis said he was “hopeful” of a restructure, estimating its likelihood at “more than 50 per cent but less than 100 per cent”.Until recently a FTSE 100 company and one of the most profitable gold miners in the world, Polymetal has become emblematic of the difficulties of navigating mounting sanctions against Russia despite not being directly targeted itself. The group has eight gold and silver mines in Russia and two in Kazakhstan, with its management headquarters in St Petersburg. Its main holding company is incorporated in Cyprus, which in turn is owned by a Jersey-domiciled entity that is listed on the London Stock Exchange. Polymetal wants to split its assets to insulate the non-Russian business from the effects of western sanctions but Moscow has banned asset sales for gold miners domiciled in “unfriendly” places such as the Channel Island. The company, which is also listed in Moscow, has battled on in its quest to separate into two as the western response to the war has made it harder to perform normal business functions. Polymetal last week lost two board directors, Riccardo Orcel and Giacomo Baizini. Nesis said their departure was linked to “the sanctions risk that impacted both their professional and personal lives”. There are reports the EU will ban Europeans from serving on the boards of Russian state companies, even though Polymetal is privately held.Orcel, who spent only six months on the board, said he was leaving because his role was “now complete”, having helped establish a process to divest its Russian assets. Sanctions against Russia led six Polymetal board members to quit in March and its auditor Deloitte to resign in April. Polymetal and several other Russia-linked companies were ejected from the FTSE 100 in March. Its shares have dropped more than 80 per cent this year. Many international companies have chosen to dispose of their Russian assets to avoid the legal tangle presented by sanctions — often accepting fire-sale prices in the process. Canada’s Kinross Gold sold its Russian assets for $680mn in March — even though analysts had valued its mines at $1.6bn before the war. Société Générale took a €3.1bn hit when it sold its Russian lender Rosbank to oligarch Vladimir Potanin in April.
There is no arbitrage so are nesis 113 million valued to the lse or moex my guess moex which ups the moex ratios along with the board to around 45% of the 473 million shares. Lse are not majority really if this is the case. Its all a bit of mess really no wonder the sp makes no sense to the fundamental of the business
If nesis and the boards shares are moex alligned its nearly a 50 50 split Lse and moex which is concerning
Nesis owns 113 million shares there’s only 99 million shares listed on the moex
No over 100 trades today, 104 at 4.24pm. 56K Buys 159k Sells, just shows how accurate all the reporting is relative to the direction of travel. Joke in this day and age..
Any thoughts on how this new legislation would effect Poly you know the funny thing is it came into effect the morning of the day the RNS set out how the management were looking to split the stock last Tuesday am into force RNS that afternoon odd ehh.
https://www.jdsupra.com/legalnews/expansion-of-uk-sanctions-legislation-2476744/
Shareholding. Directly acquiring any ownership interest in or control over an entity "connected with Russia", or indirectly acquiring such interest or control for the Relevant Purpose, or directly or indirectly acquiring any ownership interest in or control over a "relevant entity" for the Relevant Purpose.
Joint ventures. Directly or indirectly establishing a joint venture with a person connected with Russia.
Subsidiaries or trading operations. Opening a representative office or establishing a branch or subsidiary located in Russia.
Investment services. Providing investment services directly related to any of the above activities ((1)-(4)).
Under 19A(2) the 2019 Regulations, an individual is regarded as "connected with" Russia if they are ordinarily resident or located in Russia. An entity is "connected with Russia" if it is incorporated or constituted under the law or Russia or is domiciled in Russia. Under the No.12 Regulations, a "relevant entity" means an entity which has a place of business located in Russia but is not connected with Russia.
Yet if you look at the trades on here LSE.
Spot the round numbers 25k trades in tranches. unknown lol..
UT is a buy and sell..
05-Jul-22 16:22:38 185.00 25,000 Unknown* 181.00 187.00 46.25k O ?
05-Jul-22 16:22:38 185.00 -25,000 Unknown* 181.00 187.00 -46.25k O ?
05-Jul-22 16:35:13 182.00 17,224 Sell* 181.00 187.00 31.35k UT ?
05-Jul-22 16:22:38 185.00 25,000 Buy* 181.00 187.00 46.25k O ?
?
Buy Volumes today was 92,826
Sell Volume today was 104,701
Very low volume today; under 200k for a 5 billion pound company which apparently is in the sh^t.
Biggest trades
16:35 182.00p 17,224 £31,348 Sell UT
09:59 181.83p 9,000 £16,365 Sell O
16:41 182.00p 6,673 £12,145 Sell O
08:26 181.60p 6,616 £12,015 Sell O
16:24 179.87p 6,160 £11,080 Sell O
11:03 184.20p 5,167 £9,518 Sell O
09:25 183.71p 5,167 £9,492 Buy O
16:19 185.00p 5,000 £9,250 Buy AT
09:49 185.00p 5,000 £9,250 Buy AT
15:23 183.00p 5,000 £9,150 Buy AT
10:24 185.00p 4,913 £9,089 Buy AT
09:30 185.00p 4,913 £9,089 Buy AT
08:27 181.73p 4,409 £8,012 Sell O
Nope I wasn't replying to you. Clicked on wrong reply thread, phones sh*t.
Nope not yet, I went out last Friday at between 207p and 212.5p. I am all out but make no mistake, I am coming back in albeit with a lower average as this thing just keeps falling.
My highest previous average was 198p, well we are well below that, three weeks till updates, we could see 125p, so I am waiting. Certainly an eerily feeling about what's going on behind the scenes in here, something just does not add up.