Polymetal Share Discussion Threads

[k1ssxofxdeath] 31/1/2024 13:08

The CEO said that the post Russian residual business would be unlikely to be large enough to list on the LSE. So the answer would appear to be no, for now.

You can listen to the presentation here:

hxxps://streamstudio.world-television.com/CCUIv3/frameset.aspx?ticket=1451-2739-38946&target=en-default-&status=ondemand&browser=ns-0-1-0-0-0&stream=html5-audio-96

KoD

[31337 c0d3r] 31/1/2024 11:50

Thanks K1ssxofxdeath. Was there any mention of an intention to relist in London eventually?

[k1ssxofxdeath] 31/1/2024 10:47

Key points from Q4 Production Results Call:


Russian sale terms likely announced at end of February, it is hoped
Sale expected Q1
Met guidance this year
1.7m ounces 2023 produced
Inventory build up at Russian ports
Rouble devaluation material effect on meeting guidance
Recent share sale by brother of CEO to Omani investor - 23% of company shares
Net Debt stable
475 ounces expected Kazakhstan 2024
$200m capex in Kazakh 2024
Threats of expropriation of Russian assets in the West creating difficulties
Complexity of sale transaction because Kazakh blending operation linked to Russian operations
Expropriation not the issue - more subtle pressure like environmental investigations, tax investigations and such like
Down to single potential buyer
Close deal by end of March
No buyers under Western sanctions were considered
Will sell Russia for more than value of net debt value
Quite sure that post deal will be net cash in Kazakhstan
All gold is sold to Kazakh national bank
Russian short term Poly debt is at 18%
Dividend policy needs to be considered in light of new major shareholder views and new situation of the company
Getting cash from sale out of Russia is part of negotiations with the buyer
Potential Russia assets buyer is from Russia themselves

[k1ssxofxdeath] 31/1/2024 07:36

Poly results presentation 10am London time today.

[loganair] 30/1/2024 09:40

There is real political turmoil in Ukraine...

Zalensky calls Zaluzhnyi, commander in chief of the Ukrainian armed forces, into his office and tells him to resign.

Zaluzhnyi refuses to resign.

Everybody in Zaluzhnyi's office says if Zalensky fires their boss Zaluzhnyi they will all resign.

Zaluzhnyi tells Zalensky, after 30th March when his official presidential term ends he no longer has any power over Zaluzhnyi.

[loganair] 29/1/2024 08:58

ICT’s unit closed the deal to sell 23.9% in Polymetal International Plc to a group led by a subsidiary of Oman’s Mercury Investments International LLC, the miner said in a statement Monday. The value of the deal wasn’t disclosed, but the stake was worth over $550 million based on its market value on Friday.

Polymetal, which generates about 70% of its sales in Russia and the remainder in Kazakhstan, re-domiciled from Jersey to Astana last year. It was a first step toward spinning off its Russian business, but the unit was put on sale when it was added to a US sanctions list in May.

[loganair] 29/1/2024 08:55

Hopefully this is positive news as it now means that ICT have the funds to come back in and buy the Russian assets of Polymetal.

[k1ssxofxdeath] 29/1/2024 07:33

Date: 29 January 2024

Polymetal International plc

Notice regarding a change of a major shareholder

Oman’s Mars Development and Investment LLC acquires a significant stake in Polymetal from ICT Holding.

Polymetal International plc (“Polymetal221; or the “Company”;) announces that on 28 January 2024 it has been notified that Maaden International Investment LLC (the “Buyer”), a subsidiary of the Omani government-owned fund Mars Development and Investment LLC (“MDI LLC”), leading a consortium of Omani investors, has completed the acquisition of 113,201,189 shares, representing 23.9% of the share capital of the Company, from Powerboom Investments Limited, a subsidiary of ICT Holding Limited (“ICT Holding”).

MDI LLC is an investment company registered in Oman and fully owned by the government of Sultanate of Oman, which pursues diversified investments across a range of international sectors including industrials, commodities, and finance in accordance with the strategic priorities of the Sultanate. The Buyer is a dedicated vehicle facilitating MDI LLC financial investment in the natural resources sector, including metals and mining.

The Company has been informed that the Buyer intends to support the management and the Board of Directors of Polymetal and their strategy for the Company in the interests of all shareholders.

“We welcome our new significant shareholders led by Mars Development and Investment LLC and we look forward to our engagement with our new Omani investors. We are pleased that MDI LLC has confirmed its full support of Polymetal’s strategy, which includes de-risking the Company’s business by disposing its Russian operation and further developing its asset base in Kazakhstan and the wider region”, said Vitaly Nesis, Group CEO of Polymetal International plc.

As a result of the transaction, ICT Holding has now fully disposed of its stake in Polymetal. Accordingly, Konstantin Yanakov, representing ICT Holding, has resigned from the Board of Directors, with the Buyer expected to nominate their candidate to the Board in due course. The value of the transaction has not been disclosed.

[xxxxxy] 28/1/2024 08:17

Let's be honest and fair, they have not done a good job.

[xxxxxy] 28/1/2024 08:16

Global bodies must be held to accountWe must reject the widespread delusion that supranational bodies have a claim to moral superiorityTELEGRAPH VIEW... Daily Telegraph

[loganair] 27/1/2024 18:53

U.S. long term strategy for the Ukraine war doesn't now foresee Ukraine retaking lost territory, strategy now being from 2025 onwards for the Ukraine not to lose any further territory.

[xxxxxy] 27/1/2024 16:19

To meet the threshold for a successful conviction prosecutors would be demonstrating that starvation was part of an intentional strategy, rather than an unintended consequence of legitimate tactics.... Daily Telegraph

[xxxxxy] 27/1/2024 16:16

Russian military commanders could be prosecuted for starving the people of Mariupol in a first-of-its-kind test case with major implications for Israel's war in Gaza.International investigators will seek the prosecution of Russian military commanders for intentionally starving civilians during the siege of Mariupol between February and May 2022.Catriona Murdoch, of the Global Rights Compliance, an international law firm working with the office of Ukraine's prosecutor general, said her team had gathered sufficient evidence to accuse individual Russian units and commanders of destroying critical infrastructure and blocking aid supplies in an intentional effort to weaponise starvation during the battle for the city..... Daily Telegraph

[xxxxxy] 27/1/2024 08:48

Russia... Never invest there again.China... Supporter of Russia.... Be very warned.Today Russia. Tomorrow China.

[xxxxxy] 27/1/2024 08:46

"Secondly, Western companies that invested heavily in China because it was cheap are discovering that there is such a thing as political risk: legal system risks, ability to transfer money out and so on. They have started to disinvest."... Daily Express

[maxplus2] 26/1/2024 10:41

Production results and a webcast will be published and held on 31 January. Webcast details could be found on their website within the events calendar section - https://www.polymetalinternational.com/en/investors-and-media/news/events/ 

[xxxxxy] 26/1/2024 08:22

Russia is the UNCIVILISATION.Along with Hamas, and the rest of that ratbag and Iran.There will be no peace until that lot is in the Hague Court.

[xxxxxy] 26/1/2024 08:21

Made in Russia... WAR CRIMES and more WAR CRIMES.Russia has left Civilisation.Russia is the Mad Dog outside of Civilisation.Never invest in Russia again. Never.

[xxxxxy] 26/1/2024 08:20

Ukraine has accused Russia of using prisoners of war as "human shields" as the United Nations Security Council met to discuss the downing of an Il-76 transport plane earlier this week.Khrystyna Hayovyshyn, Ukraine's deputy ambassador to the UN, said that, if it is confirmed that POWs were on board, the incident was "the first case of Russia using a human shield in the air to cover the transportation of missiles for their further use against peaceful Ukrainian cities".She added: "Ukraine was not informed about the number of vehicles, roads and means of transportation of the captives. This alone may constitute intentional actions by Russia to endanger the lives and safety of the prisoners."... Daily Telegraph

[crt131] 25/1/2024 12:30

POLY trading at about 3.80GBP in KZ at the moment. Almost double from when they left UK market. Strongly up the last few trading days. Hope something good happening...

[loganair] 25/1/2024 12:14

In Washington it's America LAST.
In London it's Britain LAST.
In Berlin it's Germany LAST.


In Moscow it's Russia FIRST.