Polymetal Share Discussion Threads

[scepticalinvestor] 27/2/2021 11:20

Yields crashed down so AU should see a marked up turn

[montyhedge] 26/2/2021 17:30

Talk of bond rates going higher, surely bad for gold.

[imastu pidgitaswell] 26/2/2021 15:39

One more heave - another 11k of COST over the side (although for nigh on 100% profit) and proceeds into here.

Last day of the month, results next week, all the stuff this morning - this is it, honest. 34th time lucky...

Gold:silver ratio possibly bottoming out at 65. We will see.

[dogwalker] 26/2/2021 15:06

Cryptos make gold & gold shares seem safe & sensible.

[montyhedge] 26/2/2021 14:58

Gold I feel not like it use to be, crypto currencies I think taken over from gold has a hedge.

[farrugia] 26/2/2021 14:02

doesn't have to be UK Mick - I'm willing to buy in USA, Canada - anywhere (I'm not even in the UK!)

[zicopele] 26/2/2021 13:30

PE ratios, dividend yields, liquidity ratios and debt levels are so last year's wallpaper..

I remember watching an interview on CNBC just before the peak of the dotcom bubble.

The famous value investor Julian Robertson was throwing in the towel. He said he did not understand the market any more and was getting out.

BATS was circa £3.50 on a div yield of 10% with increasing market.

RJ Reynolds was on a dividend yield of 18%. The dividend was very well covered. I hesitated and did not buy either.

Julian Robertson was the last sane man to fall as value investing did make a comeback for a number of years only a few months later.

[farrugia] 26/2/2021 11:53

guys do you know some good Nickel miners/producers by any chance?

[nakedmolerat] 26/2/2021 11:08

I think IG margin has clouded market a bit, wait and see this afternoon or monday what happens

[imastu pidgitaswell] 26/2/2021 08:33

Eventually they do.

Could be an argument that the forward PE is reducing, as PM prices fall - but that's rubbish; gold prices now, after this plunge, are around the 2020 average and silver prices are way higher.

It's most likely as we have thought previously, I think - a combination of manipulation while they can (it's not credible after results come out), the IG margin thing playing out, PM prices being impacted thanks to the US bond yield, strength of sterling and (best of all) various managers of other people's money selling because it has dropped a certain percentage - thereby crystallising previous gains but also selling well below where prices will be very soon - the manipulators win.

Looks like it's ending today - I also thought we would take a hit given how weak it has been, but they appear to be chickening out/hedging for the weekend.

[mickinvest] 26/2/2021 08:12

Thought they would have one final push down this morning but so far so good. Results will see EPS of $2+ so PE almost under 10.

Do markets still use PE's for investing purposes or is that old school!

[scepticalinvestor] 26/2/2021 07:59

I also reckon buyers will return to hedge over the w/end...

[scepticalinvestor] 26/2/2021 07:57

Something that BTC will never offer...

[togglebrush] 26/2/2021 07:54

A very ancient idea was that the gold in a wedding ring, roughly one ounce, could pay for putting a daily loaf of bread on a families table for a year. A value which has more or less stood the test of many millenniums to date.

[scepticalinvestor] 26/2/2021 07:52

Either way any fall today will be quickly absorbed next week imoPerhaps should have left a bit of gunpowder in the keg but AU support at 1661 did seem likely. Aah hindsight eh!Can't see it falling below 1400 for long

[scepticalinvestor] 26/2/2021 07:44

Interesting thoughts. I have to say I agree with that poster. In essence the paper iou system is a house of cards

[imastu pidgitaswell] 26/2/2021 07:35

Can't disagree with any of the previous posts.

Also can't argue with this - the rest of the thread is silly, but this (and even more so 1961) is spot-on:

[scepticalinvestor] 26/2/2021 07:00

looks like it could be another volatile day today...yields dropping at least

[zicopele] 25/2/2021 20:49

AISC numbers are consolidated. Those numbers I documented are included in annual report.

What interests me is the profit margins on Ag which at current prices are enormous.

I actually listened to the PAAS conference call last week. If you are interested in Canadian stocks PAAS might be a good alternative to fres as a silver play. It is listed in US also.

Anyway at the end of the conference call the MD reminded everyone that demand for Ag is increasing by 10% per annum so there is a strong case to be made for a floor to silver price.

That is why I like fres and PAAS.

I like poly too but it trades at a justified discount to other miners by virtue of its Russian operations.

PS the renewed interest in GME has tightened liquidity for hedge funds and there is a sell off on Wall Street. Poly is having its own version of this phenomenon as it is now impossible to trade on margin.

As always, DYOR.

[mickinvest] 25/2/2021 19:06

I could see the AISC for individual mines at FRES but not a combined one in their annual report. They do seem to over promise and under-deliver on a lot of stuff where-as Poly seem the opposite, good example is moving silver production to 120:1 and gives them wiggle room if needed to boost production figures in 2021 by moving back to something a bit lower. Not impressed with their EPS or Divi but debt position is good. They also seem to be going deeper in two of their main mines and presume that will correspond in higher costs.
POLY dividend was 105 cents in 2020 therefore 5% at £14.52 and exchange of $1.40.

If they announce 70 cents next week, we are looking at 5.4%. That will cost $333m and plenty of room to pay a lot higher if pm prices still around current levels next week.