Polymetal Share Discussion Threads

[undervaluedassets] 28/10/2014 11:59

Weak rouble (weaker than ever) more or less assures profitability here.

[forwood] 23/10/2014 10:31

Looking very oversold from here. Was surprised it fell this far - 470 has been an unusually reliable support level this last month. Hasn't fallen as much on the MOEX (moscow exchange) - in fact quite stable (can see that here

Wondering really whether some of this weakness is rouble related - not sure why it should be but the chart below does show some relation in recent months. Also shows the 470 support line and previous low which we are not far off now.


free stock charts from uk.advfn.com

[pixi] 02/10/2014 13:55

Fanghorn

It's been a long time coming, but I'm happy to be here. I think some miners, like Fres, are on the turn and gold is bottoming out. I bought gold and gold miners today for my SIPP pension fund after hoarding cash.

[sanks] 01/10/2014 18:02

I would appreciate if you all don't rush in at once please...me and my bird Sheila are looking at buying some more closer to £4 if possible.

Sanks in advance

[fangorn2] 24/9/2014 11:11

A good move I suspect Pixi.
Missed the lows myself.

[pixi] 23/9/2014 22:01

I'm in at 471.8 yesterday.

[undervaluedassets] 23/9/2014 16:24

Rouble hitting fresh lows today.

Great result for this company.

[bulltradept] 19/9/2014 11:53

I prefer £4.38 myself but you never know, it could bounce from there given the technical support off of £4.75 ish.

Although it should be noted, it's making lower highs since the middle of last year..

[sanks] 18/9/2014 15:39

Well well, it came back to my level 4 order target...hence i am now on
board at £4.76, looking to add if it keeps dripping..for the eventual exit at a comfortable £11.57.
Best to hold..watch some telly..go to sleep..and let it work at skirtlifting towards exceeding the previous peak

Hope this helps
Sanksalot

[undervaluedassets] 30/8/2014 15:23

Profits can only go up here as things stand.

It will be the same story as last time and here is why: -

Gold is priced in dollars but the costs here are in roubles.

Well the rouble is in free fall so Margins will increase.

They will be raking it in currently.

[undervaluedassets] 27/8/2014 09:40

post 120

very prescient that chap.

weak rouble has been trump card here.

Leading to enviable low costs per ounce which in turn = great
margins

[togglebrush] 27/8/2014 07:37

Interims out
'
an interim dividend of US$ 0.08 per share, representing 30% of the
Group's underlying net earnings for 1H 2014.
'
Polymetal will hold a conference call and webcast on Wednesday 27
August 17:30 Moscow time (14:30 London time).
'
to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/0873Q_-2014-8-27.pdf

[mechanical trader] 06/8/2014 14:47

Gold moving up over 1300p certainly worth a dabble on POLY, as it ranges between 500p and 600p.

[forwood] 01/8/2014 09:51

Multi month low here.

[togglebrush] 30/7/2014 08:21

"Polymetal is consistently delivering robust operating performance", said Vitaly Nesis, CEO of Polymetal, commenting on the results. "We generate meaningful free cash flow at the current commodity prices and expect this trend to strengthen in the second half of the year, which should allow us to continue paying regular dividends,subject to Polymetal's stated dividend policy."
*---
Extracts
*---
Polymetal produced 657 Koz of gold equivalent in the first half of 2014, an increase of 17%
Quarterly gold equivalent production in the second quarter was 335 Koz, up 4% year-on-year.
Contracts with three off-takers in China for Mayskoye concentrate
Net debt at 30 June 2014 decreased

[togglebrush] 26/7/2014 09:19

Forthcoming events from company calendar
'
30 July 2014 Q2 2014 production results release, St. Petersburg, Russia
27 August 2014 H1 2014 financial results release, St. Petersburg, Russia

[forwood] 27/5/2014 12:59

Looking healthier this morning. Daily chart indicators turning up.

[david15x] 23/5/2014 12:00

I don't think this will stay down for long; their production numbers are very good and this was a good addition for them to buy.
They dropped the price because they want you out, not because it's become a sell.
"Don't hold your breath"

[forwood] 23/5/2014 10:24

Not far off that - personally v disappointed this has tanked thus far, but Poly does extreme swings in straight up and down moves. You and Sheila'll probably enjoy that Sanks!

[sanks] 22/5/2014 18:22

I'm looking to start an initial shaggers punt at £4.72..and some shaggers punts lower...

Sensible comments appreciated
Sanksalot

[bulltradept] 22/5/2014 13:11

Not sure if it's going to hold...

[bulltradept] 22/5/2014 10:18

In at £5.30 IF it gets there today.

[forwood] 22/5/2014 09:50

This has been sold down the past week or so probably related to Barclays underweight call at 540, the current price. Maybe it will stop now, tho these things have a habit of overplaying, no doubt with help from a few scumbag shorters. It tends not to be a shorters plaything, so I expect this to rebound north soon to 600, its more optimistic zone.

[david15x] 22/5/2014 08:43

I'm in this morning.
It's bound to tank - sorry!

[forwood] 22/5/2014 08:40

Excellent news re purchase of distressed assets, expanding asset base by 50% for very little cash. Whoever is selling this is absolutely bonkers, no doubt still following barclays out of date 540 target. RBS target of 800 more likely and in any event expect to see these upgraded by several following the morning's presentation