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Last week has Polus Gold went upp 35 percent on MICEX/RTS
The Rush on Polus Gold shares were awesome on Friday last week. The course had risen by 35 percent, the trade volume exceeded 100 times, compared with normal days. In contrast, in England at the LSE was not developing like in Russia - where shares were traded as usual.
Polyus Gold is Russia's largest gold producer, owns 95 percent of a offshorecompany registered in England. The remaining shares are freely traded on stock exchanges. It in turn controlled by the Russian superoligarh and right politician Mihail Prohorov and another Russian oligarh Suleiman Karimov.
Already on Monday began the correction of Poluys share - it fell by 8 percent.
And last Friday was the reason for the circus known. Secretly, the owners had to Polyus Gold, and another Russian gold producer Polymetal made overlays spirit of reconciliation activities.
The negotiations had not yielded any results, but for a certain time point when the rush of Poluys shares were at their worst were the negotiating parties probably very close to merging. As insiders began to act in the hope of making a great business. It can be seen as a reasona to this 35 percent rise.
Leaks says to the financial press that there was Prohorov who fell at the last moment when he would rather Poluys merges with one or more of these companies - Newmont Mining, Newcrest Mining and AngloGold Ashanti.
Then would Poluys sold at a profit. So it is worth keeping or acquiring gold company shares.
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