Polymetal Share Discussion Threads

[xxxxxy] 23/9/2022 14:27

Russia has lost. Lost the Heart, Mind and Soul of the Ukraine. We have all witnessed, the world has witnessed the the Barbarity, Murder, and Torture by Russia.Russia is Untrustworthy.Russia has left Civilisation.And it won't end til Putin and KGB Thugs are handed over to the Hague Court.

[xxxxxy] 23/9/2022 14:26

Anyway. The bad news is Adolf Putin is still alive.

[xxxxxy] 23/9/2022 14:25

Gunmen going door to door forcing Ukrainians to vote in 'sham' referendumsRussian-backed forces threaten to massacre people's families if they don't support Moscow's annexation plan, residents tell The Telegraph... Daily Telegraph

[loganair] 23/9/2022 14:05

Elections that are currently underway in the Donbass:

Western media - Russia is annexing Dombass.

Russian media - Donbass seeks to end strife, suppression and terror from Kiev.

[imastu pidgitaswell] 23/9/2022 09:13

Re the Hong Kong thing - just (finally) listened to the Q&A yesterday, and they specifically mentioned Hong Kong as a potential option, along with Kazakhstan, Emirates and mainland China. But a lot of hoops to jump through and obviously the 'rules' can change at any moment, negating the whole purpose.

Also mentioned that an LSE listing would be retained whatever they may or may not do.

I got the impression that for the moment, they are focusing - albeit not exclusively - on running the business and bringing down debt - they are reversing a lot of the working capital build up now in September, and also stated that the Q2 debt of $2.8bn is the peak (as some bright spark asked in the Q1 call...), and it has passed.

[xxxxxy] 23/9/2022 08:12

POLY, fine company.Destroyed by Putin.

[xxxxxy] 23/9/2022 07:57

Russia.... heading for 0 pence.

[xxxxxy] 23/9/2022 07:57

Russia. Land of No Future.Only in the Past.Russia. The Best are leaving. The Rest are dying.Russia has left Civilisation.Russia is Uninvestable.

[blackhorse23] 22/9/2022 23:58

At least gaining from another stocks. https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double

[williamcooper104] 22/9/2022 23:12

Well done all long term bag holders

[williamcooper104] 22/9/2022 23:11

Good luck with that; turns out the mafia state isn't so good at war Norway; tiny county but owns about 2 percent of whole worlds stock exchange Russia, what's it got long term for its hydro carbons Total failed state

[pippap] 22/9/2022 21:54

Well weak hands got shaken out today thinking they would get a quick 400p bounce on split and divvy news. How wrong you all were and good riddance. Notice the few rather large orders, like whales swallowing up all the smaller sells, from the weak hands, very nice to see, should mean a gap up is in the pipeline in the coming months.
The CEO needs the MOEX holders access to voting rights, hence the paper certificates to the 21%. Until they get voting rights then Poly cannot re-domicile and even possibly delist from the LSE to a friendly nation and a friendly exchange/index.
Could be possibly Hong Kong registered and HKEX listed for all MOEX stock, but this is not an option until full voting rights can be exercised.
Debt has peaked, cash flow will improve, dividends will be reinstated next year, new projects coming to fruitation, the CEO is very honest and transparent, I see bright future in here.
My own opinion would be. The LSE have treated Poly with utter contempt, so hopefully goodbye Jersey registered and goodbye LSE. But I do not think they will delist from the LSE unless share value is in the gutter for an extended period of time, then maybe an option.
Good luck to all long term holders; that was an update today which I feel might stir interest from lager capital interest.

[geckotheglorious] 22/9/2022 21:35

imastu pidgitaswell
Post 17716
"Not yet - maybe 12th October...
(I'm pretty sure they will have thought of it...)"


A little nudge never hurts!

:)

[careful] 22/9/2022 21:30

Mobilisation of young Russians on a large scale is now the worst nightmare.
Talk of 1 million conscription.

No doubt to supply arms and military hardware the economy will be put on a war footing.
This could get really nasty now, up to date civilian casualties have been light.

My fear is that any threat on territories that Russia defines as Russian, after the so called referenda, will be responded to in a brutal manner.

Worst case case is that Kiev could be obliterated with dreadful causalities.

Hard to see a way out, are we hoping that Putin will be killed or replaced, or that Zelensky will back off from his aim of total victory and the humiliation of Russia?

Both seem unlikely, this war is escalating.

[blackhorse23] 22/9/2022 20:21

Company in mess ! Losses & debt substantially higher than mcap ! Russian assets is in restriction by both western & Russian sanctions !

[buy2sell1] 22/9/2022 19:48

Shares in Polymetal International fell by 11.5% after the Anglo-Russian precious metals miner said it swung to a net loss in the first half amid lower gold sales.

[xxxxxy] 22/9/2022 17:35

Russia is now outside of Civilisation.Best are leaving. The Rest are dying.Russia becoming the greatest Wildlife Reserve on the planet.

[xxxxxy] 22/9/2022 17:32

Polymetal has been hit hard by Russia's invasion of Ukraine, and its shares are now down 84% in the year to date. Polymetal has assets in both Russia and Kazakhstan, and is Russia's second largest gold producer.In July, the firm said it was considering disposing of its Russian operations, part of a plan to restore shareholder value by allowing the market to "appropriately value the company's Kazakhstani assets and de-risk its ongoing operations".However, since then a presidential decree has prohibited the sale of specific Russian assets, including gold miners, if they are owned or controlled by residents of countries deemed "unfriendly" by Moscow.Polymetal, which is based in the UK, an "unfriendly" jurisdiction, said the decree had placed "significant restrictions" on the planned disposal. It added: "The company continues to evaluate all available options to modify its asset holding structure in order to maximise shareholder value."Shares in the former blue chip were down 10% at 202.8p as at 0900 BST..... HL

[imastu pidgitaswell] 22/9/2022 17:23

Not yet - maybe 12th October...

(I'm pretty sure they will have thought of it...)


Quick review (golf all day, so only had time now) of the various cash and debt pieces of information. I'm not sure why they don't stick all this information in 1 place, as the rest of the release today was very good (I missed the presentation and it's not up on the website yet) - but anyway:

Net debt at 31.12.21..................................................(1,647)

Operating cash generation................................................219

Change in inventory (metals for sale)...................................(315)
Change in trade debtors, creditors etc (spare parts, prepayments).......(318)
Foreign Exchange Impact on debt..........................................(92)

Capital expenditure.....................................................(373)

Tax Paid................................................................(170)
Interest paid............................................................(40)
Other - net..............................................................(64)

Net debt at 30.06.22..................................................(2,800)


For me, that is quite reassuring.

The first two items will reverse when they sell the stuff and utilise the spare parts/prepayments, as they are doing now in Q3; the third item (FX on debt) will vary with the exchange rate and may well reverse in due course - c'est la vie.

Capex is capex - necessary and flagged, and due to reduce; it can also be reduced by choice if required. C'est la vie. Tax, interest etc also just normal operations.

So going forward, the actual operations are still doing just fine - cash generative and performing well. The increase in net debt is essentially down to one-off reversing items.

[xxxxxy] 22/9/2022 17:12

Russia.... is being Cancelled.

[geckotheglorious] 22/9/2022 16:53

Imastu
"Maybe the simplest option, as has been put forward before, is to relocate the holding company to Hong Kong - perfectly good for us in the West, but acceptable (China) to Russia. Simple, cheap and effective."

Trust you have suggested this to the Company Sec to run by the BOD?

:)

Superb idea.
Ticks all the relevant boxes.

[blackhorse23] 22/9/2022 16:44

POG went bankrupt because of western sanctions

[imastu pidgitaswell] 22/9/2022 15:59

Yes, good summary. And thanks Zangdook - found that eventually after wading through the blurb. Last link on this page:



Basically ignore it if in the UK - although I may well potter along to the General Meeting on 12th October, maybe see if anything interesting can be gleaned, either officially or unofficially.

Maybe the simplest option, as has been put forward before, is to relocate the holding company to Hong Kong - perfectly good for us in the West, but acceptable (China) to Russia. Simple, cheap and effective.

[kaos3] 22/9/2022 12:15

zangdook thank you