Polymetal Share Discussion Threads

[pixi] 08/6/2016 09:40

Gold is flying: 1251.40 + 8.10.

I bet those who sold yesterday thinking they were really smart are as sick as parrots now!

[pixi] 06/6/2016 22:08

After burners on as it soars past £8.

[undervaluedassets] 03/6/2016 19:21

Cheap when compared to RRS. Anti Russian bias has held it back. That sentiment is clearly changing as management are proving themselves to be highly competent.

Made more money than RRS too at the full year and pays a hefty divi. .

[pixi] 03/6/2016 15:10

Gold is on a tear: 1342.80 + 32.40.

[pixi] 01/6/2016 14:32

A rally is in the offing for PM's, the main markets have topped out and "death" crosses abound. A lot of people will start flapping the closer we get to Brexit. I would like to see us get our country back and stand on our own two feet.

[pixi] 31/5/2016 10:02

According to barcharts.com this is the best buy in miners. Topped up and now hold 4745.

[undervaluedassets] 26/5/2016 11:33

Good things happened at the investor day in London clearly ...

I did not go . .

Anyone know what precisely?

[bozzy_s] 17/5/2016 16:18

Another blue day for POLY.

I hear what you say undervaluedassets. Buying straight into POLY is a lower risk (and potentially lower reward) than buying via OVG.

I'm not qualified to advise people what to do. And I most certainly wouldn't be betting the ranch on OVG! But as of today it offers some exposure to POLY at a price somewhere below £2 per POLY share (OVG has net tangible liquid assets inc POLY shares and cash worth >4 times it's market capitalization).

Some things need to change at OVG to see it's valuation improve. POLY's recent performance has to be seen as positive. OVG's stake in POLY alone is now worth £6.238m or 7.65p per OVG share.

[undervaluedassets] 16/5/2016 09:50

Interesting Bozzy..

But I think - why add to your risk? - OVG has other risks (like it never makes a profit and has lost a lot of money recently lending money to another outfit with no guarantee of getting all that money back)

Meanwhile POLY is making money and looks set to continue to do so.

I will stick with undiluted exposure to POLY by just holding POLY shares

[bozzy_s] 12/5/2016 14:25

Way to buy POLY on the cheap (do risk analysis and research beforehand) .... buy OVG?

OVG own 775,000 POLY shares @ 753p worth £5,835,750 (plus various other tangible assets including cash of 7.4 million Euros at last balance sheet date 30-6-15)

OVG in it's entirety is valued at £4,486,009 (81,563,806 shares @ 5.5p mid price)


OVG's latest balance sheet, dated 30-6-15, shows tangible assets of 22.8m Euros, total liabilities of 0.3m Euros, for net tangible assets of 22.5 million Euros.

This includes 775000 POLY shares at approx 560p.


So the value of OVG's POLY holding as of today is approx 193p per share higher, or £1.5m.

Very roughly, OVG's net tangible asset value based on 30-6-15 balance sheet plus gain on POLY shares since then is £19.2m, or 23.5p per share. This doesn't account for running costs, or POLY dividends received.

[undervaluedassets] 12/5/2016 11:27

Bubbling under

Compared to RRS still extremely cheap

And not much followed by brokers by comparison either - 14 following here as opposed to RRS's 26.

lately has been playing catch up

Nice dividend while we wait too.

[liam1om] 12/5/2016 09:00

Nice rise today. Think there may have been a broker note giving it a push this morning.

[undervaluedassets] 12/5/2016 07:19

was also XD on 5th April Wee monkey so did not fall at all really

[weemonkey] 05/5/2016 08:10

nice price. .

Dropped with RRS which had weak production figures yesterday.

POLY and RRS production figures completely unrelated obviously as operations are on other side of the planet

[pixi] 29/4/2016 18:01

Gold flying: $1291.70 + 25.30.

[edjge2] 26/4/2016 21:52

Plateau chart here when most others dropped 10% or so, seems encouraging.

[undervaluedassets] 26/4/2016 08:41

This is a good company with strong assets, good profitability and able and transparent management.

There is an unjustifiable "Russia" prejudice that has kept it on a discount when compared to peers (RRS esp) that is just beginning to disappear. . It has marginally outperformed RRS in recent days . . start of something perhaps

[weemonkey] 19/4/2016 08:49

brokers have blinked again. .

Deutsche reiterated 'hold' rating but raised price target yesterday.

Brokers are all gradually raising their price targets whether they are 'hold' 'outperform' or 'underperform' . .

There is a desire not to be behind the curve here. And why not . . the story is sound. .

[undervaluedassets] 18/4/2016 09:23

Anyone else listen?

I thought it was especially pleasing to get some granularity on recent aquisition Komarovskoye Gold Deposit.

Ceo Vitaly Nesis stated that the all in sustaining cost of running this mine are set to be much less than average for POLY's assets even after the costs of rail freighting the ore some 187 kilometres (which - surprisingly we discover on the call - is a negligible cost) .

Ultimately this mine will help bring down all in sustaining costs for the company as a whole.

[undervaluedassets] 15/4/2016 15:59

Just off conference call. . Impressive

[undervaluedassets] 15/4/2016 13:40

Steady as she goes. Profitable and growing enterprise.

Low all in costs mean that profitability looks assured medium term.

[thomasthetank1] 15/4/2016 11:47

Read VSA's note on Polymetal (POLY), out this morning, by visiting hxxps://www.research-tree.com/companies/uk/gold_mining/polymetal_international_plc …
“Polymetal (POLY LN) announced weaker Q1 2016 production of 260koz gold equivalent (Aueq), down 4% YoY, following an expected decline in ore grades at the Okhotsk operations. Gold production of 169koz was down 9% YoY was partially offset by an increase in silver production to 7.2moz, up 6% YoY… We do, however, expect POLY to return to positive cash flow over the balance of 2016…”

[thomasthetank1] 15/4/2016 11:47

Read VSA's note on Polymetal (POLY), out this morning, by visiting hxxps://www.research-tree.com/companies/uk/gold_mining/polymetal_international_plc …
“Polymetal (POLY LN) announced weaker Q1 2016 production of 260koz gold equivalent (Aueq), down 4% YoY, following an expected decline in ore grades at the Okhotsk operations. Gold production of 169koz was down 9% YoY was partially offset by an increase in silver production to 7.2moz, up 6% YoY… We do, however, expect POLY to return to positive cash flow over the balance of 2016…”