Polymetal Share Discussion Threads

[selevi] 09/9/2024 22:26

The principal shareholder is a consortium of Omani investors led by the Omani government-owned fund Mercury Investments International (30%).

[selevi] 09/9/2024 20:00

In Russian need Google translate

London Stock Exchange (LSE) no sooner than in three to five years. This was stated by the company's CEO Vitaly Nesis in a conversation with a Forbes Kazakhstan observer

We must understand that no one is expecting a company of our current size in London. In order to become attractive to international institutions, we need to be at least twice as big as we are now.

[selevi] 09/9/2024 19:58

As of the 1st May 2024 the company had a cash balance of 695 million US dollars, which is real money sitting in the bank.

Debt obligations of 463 million US dollars

So a NET cash position of 695 minus 463 equals 232 million dollars

So they could have paid down all debt obligations as of the 1st May 2024 and still have 232 million dollars in cash with no debt obligations

Since then the NET cash position has raised to 357 million US dollars, so an increase of 125 million US dollars.

So as of the 1st August 2024 the company have a cash balance of 820 million US dollars in cash in the bank.

The debt obligation for 2024, which if not rolled over is 135 million US dollars

So settling all debt obligations for 2024 the cash balance will be 685 million US dollars

Debt obligations for

2025 – 179 million US dollars

2026 – 104 million US dollars

2026 – 34 million US dollars

2028 – 11 million US dollars

They had roughly 60,000 ounces of unsold inventory as of the 1st August 2024.

So $143 million US dollars of cash waiting to be bought home

After settling debt obligations for 2024 and selling unsold inventory as of 1st August 2024 you’re looking at a cash balance of 828 million US dollars to spend.

Eight Hundred and Twenty Eight million dollars could acquire a new asset? So have debt left outstanding of 328 million US dollars.

[selevi] 09/9/2024 19:57

Yet the majority shareholder who bought 23.9 percent of the company for a share price of just under 5 dollars in January upped their stake to just under 30% of the company market cap and the share price paid undisclosed last month.

An Oman based investment fund which is also a sovereign fund. Why are there no equity analyst coverage of this company. It's EV/EBITDA is 3

Net cash of a dollar a share

EBITDA over a dollar a share

So valued at 3 dollars

No wonder the majority shareholder wants a bigger slice of the pie.

[selevi] 09/9/2024 19:56

According to Nesis, leaving the London Stock Exchange meant the company lost a significant amount of liquidity. "If you look at the situation in Astana now, the shares there are not worth much, but you have to understand that this is an objective reflection of the situation on AIX. There are few investors, few buyers, it is difficult for foreigners to enter here, many institutional investors simply do not want to spend time and resources to fully switch to the AIFC exchange. Therefore, unfortunately, the prospects for growth in the value of Solidcore Resources shares before returning to London are not very good. But I am sure that those investors who agree to stay with us for three to five years will be rewarded, which in English is called patient capital," says the head of Solidcore Resources.

[loganair] 01/8/2024 17:34

Solidcore Q2 2024 production results:


Gold equivalent (“GE”) production grew by 37% year-on-year (y-o-y) to 135 Koz in Q2 and by 18% to 252 Koz in H1 on the back of higher concentrate shipment volumes to China and production from toll-treated concentrate at Kyzyl.

Revenue for the reporting quarter and six months increased by 157% and 79% y-o-y to US$ 409 and US$ 704 million respectively driven by higher gold prices, healthy production results and inventory release.

Net Cash position as of the end of Q2 stood at approximately US$ 357 million versus net cash of US$ 155 as of the end of Q1. The increase was driven by significant cash inflow from sale of inventory as well as free cash flow from ongoing operations.

The Company reiterates its full-year guidance for production and costs: production of 475 GE Koz, TCC in the range of US$ 900-1,000/oz and AISC in the range of US$ 1,250-1,350. However, the management is observing the following detrimental factors in H2 2024: stronger than budgeted year-to-date KZT/USD rate, inflationary pressure, shortage of railcars and congestions of the eastbound railroads.

[action] 01/8/2024 17:16

According to Solidcore uk office relisting will be in June 2026 at the earliest. Also HL has reduced the share price on their platform.

[loganair] 29/7/2024 16:06

Maaden International Investment 23.9% increased to 29.7% in Solidcore (Polymetal)

[xxxxxy] 02/7/2024 08:25

Russia. The nation that kills.Never invest in Russia again.

[1knocker] 30/6/2024 19:58

Don't worry, provided that Biden stays in the race, Trump will sweep to victory and it will all be Ok.

Tune in to Kevin Bloody Wilson 'What's Donald gonns do today' for reassurance.

[loganair] 26/6/2024 14:21

Hopefully once Solidcore officially delists from the MOEX all Western sanctions will be lifted from the company.

[loganair] 25/6/2024 21:07

MOSCOW. June 25 - Solidcore Resources, formerly Polymetal, has filed an application to delist its shares from the Moscow Exchange.

The gold and silver mining company said that it has requested to set the last day of trading on September 30, though the final date could differ depending on the exchange's announcement.

The Solidcore board of directors has reached the decision to delist in connection with the recent U.S. sanctions imposed against the Moscow Exchange.

[1knocker] 25/6/2024 20:56

Steady on! Voting is one thing, but I'm not going as far as that ....

[1knocker] 25/6/2024 18:17

Vote Reform, unless you actually enthuse over death and destruction.

[xxxxxy] 25/6/2024 13:17

Russia....Land of War Crimes.....The International Criminal Court (ICC) has issued arrest warrants for Sergei Shoigu, the former Russian defence minister, and Valery Gerasimov, a leading Russian general, for alleged crimes committed during Russia's invasion of Ukraine.Judges found that there were "reasonable grounds to believe that the two suspects bear responsibility for missile strikes carried out by the Russian armed forces against the Ukrainian electric infrastructure from at least 10 October 2022 until at least 9 March 2023". ...Daily Telegraph....NEVER INVEST IN RUSSIA AGAIN.

[jl5006] 19/6/2024 19:19

Sit and wait and ignore xxxxman

[jl5006] 19/6/2024 19:15

Sit and wait and ignore xxxxman

[k1ssxofxdeath] 19/6/2024 11:15

Do we need to change the name of this thread to account for the company name change?

[geckotheglorious] 18/6/2024 17:50

Get a life 5XY

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Yawn.

[1knocker] 18/6/2024 16:23

Same old posters. Same old posts. Yawn.

[xxxxxy] 18/6/2024 16:05

The beheaded body of a Ukrainian soldier was discovered by an aerial reconnaissance team on top of a damaged military vehicle on Monday.It came as Ukraine's prosecutor general said he had "horrifying evidence" of a new Russian policy of beheading captive soldiers instead of detaining them."We have received information that Russian commanders have ordered not to take Ukrainian servicemen prisoner, but instead to kill them with inhuman cruelty - by beheading," prosecutor Anriy Kostin wrote on Twitter.Mr Kostin said that one such beheading was recorded in the Donetsk region."This is yet another proof that the war crimes committed by the aggressor are not isolated incidents, but a planned strategy of the Russian regime,"Daily Telegraph

[xxxxxy] 18/6/2024 13:07

https://www.telegraph.co.uk/world-news/2024/06/18/haunting-pictures-emaciated-ukrainian-prisoners-of-war/