Member Info for Westy54

Lol, :))

OK BB, thanks for the explanation and for not turning it into a conspiracy post, I appreciate that as well.

Lol,

BB, I have a question as I am clearly missing something I think - honestly I must be, I am not simply being obtuse.

Why would releasing the NSD shareholders be bad for all the other shareholders? They are in the same situation as us and stand to gain just as much as us from a split, so why wouldn't they vote for one? (And I think your point is that they would not support a split) They, like us will get like for like shares in 2 companies to decide what to do with. They, like us can buy more of either or both, or neither company, just like we will be able to do. They will, just like us, most likely see the POLY K assets shoot up and the POLY R sink (At least until 2024 when POLY R is expected to go FCF +'ve)

What am I missing? why would anybody want to block the split? because without it we cannot return to dividend payments, at least not in the short term.

Please explain, in really simple terms for me (For I am a simply person) what reason would the newly exchanged share holders have to block an asset split?

Cheers, Westy

Dunno, Buckeye....... we are sooooooooo needy!! :))

Saga, on balance a very good interview, with what appear to be honest and positive replies, thanks for the pointer. For those who may not have seen it, you can read it here:
https://interfax.com/newsroom/exclusive-interviews/86175/

Dunno, indeed I agree, they are a smart set of cookies. (To stockpile all that product, which to be honest they could not move East due to lockdowns in China, but still they refused to sell to Russian Banks for fear of breaching sanctions, so they had little choice but to stockpile really I suppose) and to now be selling it at better rates whilst the production costs are now falling are all good indicators moving forward. I posted earlier a link to an article about EU Sanctions so, all the above, coupled with what may be fewer sanction packages being introduced moving forward is all good for us.

Hi Saga, no I did not see that interview, I shall go look for it in a mo. Thanks for posting back tho. I remember well earlier in the Year Vitaly Nesis saying that POLY could still be profitable at a Gold price of $1500 and Ruble at 50, so the improvements over the last couple of months will be most welcome.

Great start to the week for POLY, RUB weakened to 66, best since May and Gold Futures back up above $1800... Just need the SP to follow this trend!!

Have a read of this one as well, if Binance fails, the world of Crypto will be smashed once again, which is all good news for gold one would think.
https://uk.investing.com/news/stock-market-news/bitcoin-ethereum-dogecoin-flat-ahead-of-fresh-trading-week-analyst-says-risk-aversion-running-wild-amid-binance-worries-2861508

This is an interesting read from investing . com I thought. It may be that EU sanctions will start to slow down as per the article. This means that if POLY continue to operate under the 9th set of sanctions without a problem, then maybe, just maybe they will be ok? Anyway have a read, I think if this pans out, POLY will be ok.

https://uk.investing.com/news/economy/eu-unity-over-russia-sanctions-falters-as-europes-economy-wilts-2861532

BB, here's some weekend reading for you.
https://www.polymetalinternational.com/en/sustainability/environment/#accordion-climate-change-and-energy-management
It is a huge consideration agreed. Also check out their KPI progress on the website and finally take a look at slide 28 on this presentation from Q1 2022
https://www.polymetalinternational.com/upload/iblock/673/2022_04_CMD_presentation.pdf
Happy reading!

Yes Jab, apart from 12th October you have to go all the way back to the end of May, let's hope it holds

It means you get given extra shares as a dividend rather than a cash dividend. In this case the extra shares would be from the POLY R "Hive off"

CR888..... the Xdiv date is normally May and paid in May rather than July although we have been told there may be a delay IF they are paid due to complications, so I guess you might be right, June or July, maybe after the new share swap extension has expired, although if they get the exchange of shares completed before the current end date in June then perhaps May can be XD and pay dates, we shall have to wait and see

"I know - I contacted HL who hold my shares and obtained the required authorisation to pitch up at the GM and went, and voted. And asked some questions. Like anyone could have done."

And that is the point, nicely made. If you don't participate, don't complain at the outcomes

I think there are better shares out there tbh with a lot less risk........... such as?

Well I would take a look at STCM (Steppe Cement) although I am sure that if you are in POLY you may well hold this already. It just paid a divi of 5pps, it's EPS at 6 monthly update was up 60% or so and if divi hits 6pps next July that is over 13% yield at today's prices. The divi payment was delayed this year from July to Dec because of uncertainties over holding tax in Malaysia but once it was sorted the divi was paid. Normal divi declaration is June, Xdiv July and paid July so should get double did whammy in a 12 month period, nice if you timed it right. It does not now pay an interim dividend.

Both sets of asterisks should read "s h a r e e x c h a n g e"

I see the RNS that POLY have extended their ************** programme once again, this time to next June. We already know that the existing exchange programme will only account for 50% of the NSD held shares, so I have sent an email asking whether this extension is simply an extension of the first offer, or is it phase 2 as it were to deal with the second half of NSD held shares. Will report back

It was started on 4th Dec at 10.02 has about 50 replies

HI, look down the list of threads and find one that is titled "Poly over 300 again" started by CR888 about half way down is repost of something put on Stockopedia from Sagacity, that should give you a bit of an update but anything specific just ask