Polymetal Share Discussion Threads

[liquidkid] 01/10/2013 16:25

Even more bizarre that this hasn't self flagilated itself down to about 500p now that gold is down $35

[forwood] 27/9/2013 16:07

Bizarre that this is down when gold has gone up $20

[liquidkid] 24/9/2013 11:37

Big Russian Bear squeeze - I mean come on paying a $0.01 dividend it's laughable there is obviously something in the convenants that means they have to keep paying a dividend.

[newswseller] 24/9/2013 09:40

Reason for the rise??

[christianf12] 30/8/2013 10:11

Have you looked at OVG?

They have cash and POLY shares worth over 22p yet can be bought for 12p

[arja] 30/8/2013 10:09

what a turnaround today and big intra day movement . Must put this stock on my watchlist aS seems to be a good trading stock !

[bobsidian] 28/8/2013 07:55

You never know.

With such a sharp reduction in a dividend payout, normal shares would plunge in price on such an announcement. Yet the basis of the $300 million+ write down has been mitigated by the move in the price of gold since the end of June. And then there is the matter of gold now looking vulnerable to another near term correction after its most recent run up.

Any read across may be interesting with POG releasing its H1 results tomorrow.

[blapighead] 28/8/2013 07:05

Yes quite concur - results bad

[ianpalmer2012] 28/8/2013 07:03

Eek, yesterday I was disappointed to get stopped out, today having read the H1 results I'm happy to be out.

[deepvalueinvestor] 27/8/2013 22:44

A number of downgrades but still looks good as long as gold and silver prices are ok. The dividend payout profile looks interesting if metals continue to tick higher

[arja] 27/8/2013 19:38

yes, I saw a sell recommendation by an analyst and sometimes they can affect the SP- probabky will bounce tomorrow

[forwood] 27/8/2013 15:09

Write downs were predicated on gold at $1200 at the time of the production update. As we're nowhere near that this should be revised this upward but maybe it won't be. Whatever the level, as a non-cash item, it shouldn't have too great an impact. Only other reason for fall is a downgrade from HSBC but a price target of 820. HSBC downgrade on POG with a target of 82p hasn't stopped POG from going up today!

[ianpalmer2012] 27/8/2013 12:10

POG up 5% today, can't see any reason for this pounding unless someone is expecting bad news in tomorrow's H1 results.

[arja] 27/8/2013 11:13

pounded today ! I thought this was a gold stock .

[ianpalmer2012] 23/8/2013 19:20

Gold desperately pushing $1400. Come on gold, you can do it.

[deepvalueinvestor] 17/8/2013 00:52

Indeed, gold and silver at much higher levels and the likely dividend increases significantly.

[ianpalmer2012] 16/8/2013 19:01

If we carry on at this rate we'll be back in the ftse100 at the September review. I'm thinking 970p target.

[forwood] 12/8/2013 15:53

Seriously lagging the other goldies today

[kibes] 09/8/2013 10:29

Polymetal market cap. £2.7 billion. Petropavlosk (POG) market cap. £160 million. Any reason why Polymetal should be worth so much more? Both in Russia the companies both have good production rates, $1 billion debt and high cost of production as far as I can see.

[liquidkid] 09/7/2013 08:46

Well Goldming say sell slapped a 340p target on it. At a guess I would say it is because of its Debt, the Grades, Silver, the Country

[abc125] 05/7/2013 23:01

poly may bottom out at around 150-200p bob. I'm going by fres which was a newly listed stock in 2008. It crashed 80% from its £5.50 listing price during the lehmans meltdown so a similar decline with poly would take it to around 180p.

I read on the pog thread that you expect the dollar and gold to rise together at some point (if i've understood you correcly). Most pundits would argue they work inverse to each other.

Can i ask what is your reasoning for such an outcome?

I'm expecting the dollar to rise for the next couple of years and my initial take on such an outcome would be that this will be negative for gold.

[bobsidian] 04/7/2013 05:41

Quite startling to see that even after falling some 60% year to date POLY could yet see its share price fall by around 50% from current levels if it is forced to take huge write downs in the cost of its mining outlays.

However at these share price levels it is noticeable the percentage gains to be made in reactions back from its latest low. The difficulty in making such gains lies in judging the latest low in which to buy.

It is not as though there is any share price history to reference.

[liquidkid] 26/6/2013 09:15

Well at the way the silver price is heading they may have to shut it down. What are the costs of producung it? Obviously if it is the by product of gold then it is that cost what about a pure silver mine?