Member Info for Tornadotony

The market actually believe what a Russian spokesperson had to say which has a 100% lying record since mid-February.

To DP the on loan book is 3M shares and the 540,000 on short is well over the daily volume. If you look at the Ortex page you can see the inverse graphs yourself DP.

As for theorist go on past failures its useful to remember Jack Ma, James Dyson and Richard Branson failures before their success. Elvis Presley failed music classes in school, Stephen King had crates of books rejected before the first one got published and Walt Disney was fired at 22 for having no creativity in his first job. If we condemned everybody who failed in the past and assumed they did not learn from the experience then a lot of what we enjoy today would not exist.

The short positions are inverse to share price movements. The short position at 530,490 shares continues to manipulate the share price. The short position was maximised before Pensana hit 50p and then a number of shorts were closed and reopened at 75p. All we need is a strong buyer for a squeeze. This entity has influenced the Pensana share price since April 2021 which is our Theorist anniversary as well.

Short attack as well and we know who keeps pushing that particular agenda. HZM investors needed a lot of patience as pulling 633M took time. The same applies here for over $500M.

Rifleman

You might be right and if it does happen expect by the end of the week it will go straight back up again even higher than before.

The value currently in the share price is 1.8p on West Kenya alone in its current state. The value after the conversion next year assuming no inferred is added will be 3p. If the company converts to reserves at 50% rate from indicated which is quite pessimistic the value is around 7p in the current share price. A point will come where it is not possible for this stock to be at 9p sell any more as it will have millions of ounces of gold in reserves and resources.

The hourly, 5 hourly, daily and weekly charts all have resistance and the rising support line hitting convergence either tomorrow or Wednesday. I can not predict the direction, but convergence usually involves important news RNS or that a new large buyer or seller is active on Pensana stock. The nearest support line is at 76.25p. The 5 resistance lines are at 82.7p, 85.3p, 89p, 90p and finally at 97p with nothing much above it.

When I offered all my shares on a dummy sell the market maker was happy to take a big order just below the bid and ask range.

The risks are as follows;

1. The gold and silver prices drop. Out of company control. Risk is mainly low to moderate.
2. The stock gets de-listed by UK Government edict. Risk is mainly low to moderate and the company can take measures to deal with it.
3. Russia decides to nationalise the mines and resell to another solely owned Russian miner. High risk on impact that is currently priced in.
4. The company carries a lot of debt. Some of it is associated with Russian assets (Above $400M plus). High risk impact on the company as although the company has say 35% of its asset base outside Russia its not certain what percentage of debt stays with the company on any Russian nationalisation. How this pans out is probably the single biggest risk.
5. The Kazakhstan mines also have 35% or so of future resources and reserves and are less expensive to operate than Russian mines but added administration may remove that benefit if a demerger took place.
6. Remaining institutions dump their shares. Moderate risk as some have already so and others say they have written it off, but can not sell as a large buyer is needed. The risk is they cap the price as they exit in small sales volumes.
7. Sanctions impact the company operations. In the short term the risk is low but becomes higher a year from now for underground mine operations.

AU777

The Poly Board may well be considering a listing on Hang Seng. If they do any de-listing on London LSE it would mean are positions are transferred to the HK exchange for a possible small charge. It may well be possible to trade it with UK brokers in London time. The only two issues are company debt and Russian mine nationalisations. The current share price is probably below those risk impacts.

edenroc

If UK were to delist, the same would happen in EU and USA. It would not delist in HK as China wants the return of overseas investors in their index stocks. Also Russians living overseas from their country want to invest in HK and Shanghai indexes and monies are starting to flow in as their investments in the West get sold off.

We shall soon see if Polymetal go for an HK listing. If they do the stock should recover to at least the value of Kazakhstan assets.

If we assume Polymetal did have a listing in HK Hang Seng it would be possible to trade the stock through etoro once your shares are relisted from your existing broker over to them. Other brokers may be able to use the Crest system or depending on HMRC rules your broker could move the polymetal to a different type of account. Some brokers may require telephone buy or sell orders which is more costly but you can still transfer them if your planning to do a lot with them. Overall a second listing like in HK would cover those who use the LSE index presently if for any reason it was to be forcibly de-listed against the company wishes.

Paul, the institutions can have some of my shares on a sale for retail for 160p each. They can have the rest for a fiver.

The issue of Polymetal to apply for a listing on the Hang Seng is to be raised with the Board/C group.

This would give us quite a bit of cover if our reason for holding is based on Khazakstan assets.

PM to announce developments in the energy policy next month.

Has anyone asked the company if Polymetal will list on Hong Kong Hang Seng Index? I have done so this morning and await a reply.

No longer trading it. Buy and hold. Will explain later.

Now valued below its in the ground resources and reserves valuation. Approaching 3 year lows in book value valuations.

brooke.clarke@synairgen.com

Sotolo, yes costs have probably gone up $24M and added revenue has gone up $52 on a yearly average. It still works out $14M higher a year so the share should be around the 93p mark at $1915 gold.

The only time the book value was less in the past 3 years was in April 2019 and at the December 14th low.