Member Info for Tornadotony

Progress and methodology of splitting Kazakhstan assets from Russian assets could be given as early as July 2022. They may have slippage on that target but suggests it can be done.

Mick b

I trade Polymetal on the way down. Sold half at 1025 and bought it back at 129p. Traded out the half without loss and rebought it back at 290 ish. The problem is that if I sell the 129p (in a non-ISA account) it materialises a loss going back to 1344p as they get the short gain back again so that part is stuck however it is a huge free carry if that makes sense.

So some positions I hold are investments and some stock I am in as a trader and so I do a bit of both. The trading stage usually creates what I call free carry and then evolves into an investment.

deepjoy

I hold a lot of Shanta and incidentally I hold no more polymetal than I did when it was 1300p. If you go market screener you will see it confirms what I wrote and the share has done what I predicted and the Curry article yesterday on 72 day chart In Gold Eagle news also points to the April May low. Shanta will come back up again later on as we get into either late May or June.

10.4p was major support. Next support is at 9p on sell.

big-blue I was happy with the RNS and it would be incredible to get rid of all debt in two years on their cost metrics. Perhaps we should abandon the thread title and create another.

The data is very similar to usual Polymetal first quarter results. At $1800 gold price per year Polymetal can ay back all its bank debt but that would mean no divi in 2022. The 2023 year would then be all cash generating. Production is to be broadly static in future years. This helps in splitting country assets.

Expecting low production figures and cash holdings. Divi to be delayed in my opinion like November when the Singuida build has de-risked and production has returned to earlier levels seen in 2020 and cash position is growing again. Will have to see how the market responds and whether Shanta share prices retreat to give a discount on release of report in a similar way to what occurred with Centamin. Chart is in a downtrend on the hourly. Gold is at a support line that could give way to 1880 per ounce which fits with a spring seasonal low in May. Good time to have cash ready for later on.

In trouble poor liquidity.

China no apology necessary. I was only providing observer feedback. The purpose of life is to find real happiness and to bear in mind the majority of people have good intentions than bad. Its when we perceive the worse in everyone that we become very unhappy and frustrate that best from ourselves. Tony

PS to reehunter

HZM occupy the same building in London as Pensana.

Reehunter

Pensana contacted me this morning after I wrote to them two hours earlier. A lot of things are coming together and when complete we should hear via the RNS route is the summary from George the Company Secretary.

The only advice I would give you is to study what happened to HZM six months before December financing and what happened afterwards and where it is today to get a 10 month perspective on what might happen with Pensana. The key risk is the financing and the details of the deal obtained not so much the planning permission. Regards Tony

Not looking good for next weeks Q1 report.

I suspect late June for the PEA. The optimisation is important although at some point the management team need to sign off they have got the best flow sheet they can produce. Time has a market value and rainbow need to get fully on the market before 2025. Otherwise this starts to look like a hobby share where management pay themselves a lot and completely forget that other investors would like a return in their life time.

The only real issue in the chart behind us is the gap at 176p to 192p.

What I find odd is that silver is going down in price when industrial demand is high and there is a waiting list to get silver bullion coins in stock in some places. Starting to look like a repeat of what happened in the nickel market a few weeks back Just need Mexico and Russia to sit on their own silver production and the biggest short squeeze comes into play.

What happened of late is that 150,000 Polymetal shares were taken out as a short around 255p and this kept the shares down for awhile, but then the shorter probably bought them back and so we got a large bounce today. The short data was on Ortex and the days to cover were running out. My free page is used up but if someone typed ortex short interest polymetal they should get a free link page and spy on the position.

China, I saw your earlier post. Not being a member of Telegram group it did not make a lot of sense to me as if it was something to do with that message board. I certainly would not have reported what you wrote although it did kind of feel if someone missed a dosage of their medication in how you wrote it. I would not read to much into what a lot of people write on message boards and to remember there is a wider readership. Occasionally I try and use a bit of humour to lighten things up a bit. When you switch on the television its pure idiots lantern here in the UK. Far better to go for a lovely walk and a picnic. All the best Tony

Eloro

The next news was the savings on the chemistry process recycling and the results were anticipated next week. Unless again Paul Atherley has underestimated time lines from Wood Group. Tony

Gaiaskidney 11 April updated on us on change of date.
6th of May11 Apr '22
Is the now agreed expiry date. This was not disclosed before. PP decision promptly after is the usual.

Most likely to get approved. We should then get a funding decision in principle shortly after. It may then take another 3 months before the financing is finalised but some money raised would get initial work started. My understanding is that several finance offers were made months ago and long negotiations between different parties have been worked through. If that is not true the promotion of Rob Kaplin does not make a lot of sense.

https://newplanningaccess.eastriding.gov.uk/newplanningaccess/applicationDetails.do?

Usually do around that price. Can add more if they want to make it really cheap.

However, they made it clear it was going to be very disappointing and it was in that a lot of costs have front loaded developments. I would like to see the CEO buy shares, like tomorrow before they jump back up 4p.

Sometimes they are replaced in a role as a condition of finance.

https://www.connectioncapital.co.uk/glossary/non-executive-chair