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Polymetal International plc (POYYF)

Other OTC - Other OTC Delayed Price. Currency in USD
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2.70000.0000 (0.00%)
At close: 03:42PM EDT
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  • A
    A
    How will the following impact AUCOY/ POYYF ? It doesn’t look good

    https://finance.yahoo.com/news/us-join-g-7-ban-165131267.html
  • D
    Derek
    I emailed polymetal last night. Here is the response

    The suspension of trading in POYYF/AUCOY in the US has been brought to our attention by investors and by the bank administering our ADR program. While we don’t have the explicit reasons why the trading was halted, we suspect that the decision may have something to do with the new sanctions published on the 6th June. https://home.treasury.gov/policy-issues/financial-sanctions/faqs/1054 and  https://home.treasury.gov/policy-issues/financial-sanctions/faqs/1055

    Presumably, banks/brokers believe that we’re subject to this blanket restriction even though they acknowledge that we are not under any targeted/designated sanctions as of today. We are challenging this with concerned parties.

    We are advised that it's highly unlikely to overturn such decision in a matter of a few days or weeks. If successful, this is likely to take months.
    1054
    home.treasury.gov
  • I
    Iain
    New auditor has been announced
  • D
    Derek
    Am I seeing this right? AUCOY had some trading volume today.
  • D
    Detlef
    Handsome reward is waiting for the brave!
  • V
    Vandelay industries
    My TD Ameritrade account says poyff was up 87 percent today. Is that just an error or what?
  • K
    Kevin S
    POYYF and AUCOY appear to have been reclassified as Russian Related Securities can no longer be purchased on Schwab effective 6/15/22.
  • I
    Iain
    OK guys, some news, fingers crossed. Auditor news by the end of the month. An egm will be called end of month start of July to vote on the new auditor. Press release towards the of the month on a trading update and news on how a split might work will be given at the Q2 results call on the 21st July.
  • M
    Michael
    Switzerland imported gold from Russia once again
    www.kitco.com
  • O
    Optimus Prime
    anyone else not seeing a quote for POYYF? Is it suspended?
  • O
    Old Fashioned
    hey guys, im reading about the whole BRICS financial system that the 5 countries are looking to roll out to bypasw the swift system in the west. couple that with sanctions and the fact our western business works primarily in the east, how do you think this will affect us?
  • M
    Michael
    You guys can't see that the narrative to support ukraine and win war against Russia changed to stop supporting ukraine and to make putin an offer .........
    seems odd like you can't add shares anymore as soon as these positive signs come out.
  • 9
    999999
    Regarding Big 4 Audit Firms

    Interesting article indicates 3 of the big 4 are rebranding their Russian operations under new names. This may be the method by which Polymetal obtains a "new" audit firm.

    https://www.dailysabah.com/business/economy/under-new-names-western-brands-reborn-in-russia

    This should help ease minds a bit as finding an audit firm equipped to service a large mining operation can be challenging.
    Scores of Western brands have pulled from Russia, avoiding association with Moscow’s large-scale military campaign in neighboring...
    Scores of Western brands have pulled from Russia, avoiding association with Moscow’s large-scale military campaign in neighboring...
    www.dailysabah.com
  • B
    Bruno
    Hi guys, I have bought a few more shares today, so expect it to go down massively from here...... I am really sorry.
  • R
    Raphael
    Trading has been suspended on Poyyf and this stock is no longer listed in the OTC Market. This stock is still trading on the UK exchange. I talked to a Charles Schwab Global services rep and he told me, he could not buy or sell this stock, since its not even listed in the otc market anymore. Obviously, I will hold my stocks but the picture doesn't look good. Does anyone know what happens if they are delisted from the UK exchange? IF poly isn't listed in the otc market again, does anyone know how we can sell our shares on the UK or MOEX exchange? I really hope that in the long term this pans out but right now the future for this stock looks bleak. What do you guys think? How do you guys see this playing out in the near future?
  • c
    cm
    This thing isn’t doing anything for about the next ten years or so
  • O
    Optimus Prime
    who else is ready for auditor news?
  • c
    cm
    14 days of consecutive losses
  • O
    Old Fashioned
    Well, $10K invested. Company is very healthy and on a path for growth. Stopped dead in its path due to only geopolitical it looks like? As in, if there is peace and sanctions are lifted, this should zip right back to where it was. There is already talks of peace. This is a risk I am willing to take. Glad to be apart of the crew. Looks like some decent retail investors here instead of the goofballs you see everywhere else.
  • V
    Vandelay industries
    Where do you see this share price one year from now?