Polymetal Share Discussion Threads

[scepticalinvestor] 04/3/2021 07:50

Yes, bit of a small buy - will prob be followed by other bod members

[onlyroadtoheaven] 04/3/2021 07:46

The same here. I like what I see. I started building a position a couple of weeks ago. A good time for me to get in assuming pms and sentiment doesn't keep going down.

[rogerramjett] 04/3/2021 07:37

This looks like a very well run and organised business. Some diversification into copper would be a great idea. Cannot believe the share price at the minute. Great prelim results yesterday. Was looking for a miner to add to the PF and will be building a long term position here. Hope for a return to higher gold prices as POLY seems to be greatly affected by fluctuations. Silver also important.

[mickinvest] 04/3/2021 07:35

Price was in euros, about £14.87 paid for £22.3k worth, would expect a few more.

[tonytaxi] 04/3/2021 07:30

Is that not 1,500 ?

[gateside] 04/3/2021 07:11

25k director buy announced. With the fantastic results yesterday, no idea why POLY didn't shot up.It's currently the wrong side of 2000p

[mickinvest] 03/3/2021 23:13

Found the transcript and I did hear right about 20% silver. Bit in FT as well about POLY interested in moving into copper if you search Polymetal and copper under last 24 hour timescale as links don't normally work.

And in terms of the share of silver, in parallel with evaluating Prognoz, we also expect to see a shift in balances between gold and silver at Omolon. So if stars align the right way, we may be up to 20% silver in 2024.

Full transcript of earnings call below

[imastu pidgitaswell] 03/3/2021 16:36

I don't think you can beat them - but you can certainly take advantage as an irrelevant small player.

Large liquid caps like this are fantastic for trading significant positions - they can't do that, as they move the price. We can - and do.

Note the gap closed and gold is rebounding - and continuing to rise. Don't know if 'this is it', but it could be. Meantime you can always just take the dividends while you wait. No stamp duty, rock bottom earnings ratio, high dividend, rock-solid financials - I think I'm in love with this share...

(Not trading it any time soon - just hanging on regardless)

[mickinvest] 03/3/2021 15:57

MickinVest
3 Mar '21 - 07:22 - 1110 of 1151 Edit
0 2 0
Couldn't have put it better ip!

Probably open down! :-)

Down 6.5p on the day and off 70p from today's high, suppose when we are up against the big US banks shorting the miners before dropping the price of PM's then all you can do is load up on the way down and offload on the way up, only way to beat them. POLY director's are not shy of a buy or two and expect to see some this week.

[prettygreen] 03/3/2021 15:57

Great results and down on the day ! Hard to believe this was £20+ last year

[pander45] 03/3/2021 15:57

This is unbelievable.

[imastu pidgitaswell] 03/3/2021 15:56

Well that's the gap dealt with.

Come on, you have to laugh sometimes...

[geckotheglorious] 03/3/2021 14:01

Well, pretty happy with those results.
EPS $2.30, a tidy jump from the prior year.
A stupendous hike in dividend :)

And a decent reduction in net debt too boot.
Debt:Ebitda 0.8x.

Kerching.
Surprised this hasn't risen more tbh.

[imastu pidgitaswell] 03/3/2021 13:44

I wouldn't worry - it gets the gap filled.

[scepticalinvestor] 03/3/2021 13:36

Grrr AU tanking

[mickinvest] 03/3/2021 12:44

He definitely said something along the line of "if the stars align" so wouldn't think that would be fpr production value but could have been, presume recording will be up on website soon.

[imastu pidgitaswell] 03/3/2021 12:36

Sorry edited post - when you say 'production - you mean production value, i.e. income?

In which case my view is as per 1145.

[mickinvest] 03/3/2021 12:30

I must have misheard him as silver is only around 7.5% just now and they are targetting 13.5m oz a year at Prognoz although in the annual report they mention 20m oz a year. I suppose if they change the conversion from 120:1 to 65:1 then I suppose it is possible.

[imastu pidgitaswell] 03/3/2021 12:25

Sorry, missed that - stepped away. Possible, 2020 income is 14% from silver, 2021 c17% (using current prices for metals). Key variable is the PM price change rather than the production volume changes.

Future production plans were one of the slides, now published - slide 24:





Quite liked slide 21. In fact, quite liked every slide....

[mickinvest] 03/3/2021 12:21

Did Vitaly just say up to 20% of production in 2024 could be silver if everything went to plan?

[imastu pidgitaswell] 03/3/2021 12:13

And FRES is around 18-19 times. Now go away.

[trader536] 03/3/2021 12:12

Seems expensive, RIO is only 6 times earnings

[trader536] 03/3/2021 12:10

lol just hurry up and post the juicy bits