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John is trying to save your pension Lawrie old chap. He isnt on holiday, he’s digging more gold out with a spoon……..
They are probably afraid of you Lawrence!
And don't jinx us!
@finderskeepers
It's just waffle pretending they are trying. The BoD don't want to save the company they are just giving the impression they are. However there seems to be something that's stopping the plans of the Russian's not sure why they haven't forced pog to go into bankruptcy yet?
Yuri.F<< I pretty much more or less agree, however that doesn't change that right now they are trading at 7p, while we are down to circa 1p. For LTH this is painful and hard to process given your own government triggered the sell off.
On a paper - yes, they're selling a dream, but it's AIM, I see this rhetoric by BoDs all the time, with very sad outcomes (that's why BoD background /history is crucial part of checklist).
POG was sustainably profitable. EUA wasn't, they've been just printing shares and collecting capital in exchange for plausible promises, don't get me wrong - I do understand how investment, growth and long-term returns works, but risk levels with EUA are way off the charts, IMO - investors paying for someone' else happiness there.
I suspect there's an impostor posing as you in one of the Telegram groups leaving voice notes, can you confirm or deny?
Yuri.F<< 'Has Eurasia made any profits'
Results for the year - the Group has made a loss before tax of £3,138,521 for the year ended 31 December 2021 (2020: loss before tax of £3,693,308).
Had quick dig, they have had 2 private placements a while back to sure up balance sheet. They have a long term strategy to sell assets for the BENEFIT OF SHAREHOLDERS. (Are you listening POG owners, for BENEFIT!!!)
Well guys...what's happened to 0.5p? You were wrong again weren't you.
Goes both ways idiot.
Finderskeepers23 - has eurazia made any profits?
Why even bother with this RNS??? As previously stated, I have followed other companies such as Thomas Cook at imminent risk, they never made any effort to scare investors. Is this out of the goodness of their heart???
I am unhappy with the gov Sanctions, but it just feels like POG are dealing with them worst than like every other company. All these assets??? These days it usually just takes a few phone calls, contacting other mining companies, bringing in another partner etc.
The fact that Eurasia is holding up much better is also doing my nut in. The only difference is they reassure investors and apparently are not affected by banking. How that can be the case I don't know.
welcome back sir! We missed you
I'm not sure its entirely different Yuri - still no question / mention of how if / where / to whom there is any sales of the known produced stockpiles of gold, how much cash is on b/s etc - is it still restricted in payments etc.
Same old jumble of minimal few words, and lots of insufficient info and blanks etc etc
RS2002 - last time they've provided reasons why they can't pay (bank's RCF pullback and fence on international transaction, this time it's very different.
Yes, Yuri. Nothing to do with sanctions denying said payments, right?
Well guys...what's happened to 5p 6p 9p. You were all wrong again weren't you. 0.5 p end of week I think
So they just have confirmed it's black swan default event on bonds, right?
Distinctive difference to some other complaining they've made payment but international payment system is blocking it because of artificial shenanigans - is what POG haven't even made payment.
Is it like they don't have money (liquidity troubles because of this bank loan exodus) or it's rather preliminary agreed with creditors (e.g. to capitalize or convert interest into something else)?
d i k
Emailed Max Friday afternoon, no response but it was the weekend and then with the RNS I thought John might be back of his 'hols' so forwarded to him
"Hello John
Enjoy your holiday, I hope it wasn't Siberia as you'd have been eaten alive by giant midges and mozzie's.
Anyhow note I mailed Max about inspecting the share register , I didn't include you initially as I wasn't sure how long your absence would be. I mean look at our last CEO, he only went out for a pint of milk."
That’s fine but when he starts deramping we know why ,
But for now well done
sp at 1.38
think it will hold the gains made..
All that bloody waffle why can't they just highlight in bold the key elements. As far as I can deduce we haven't paid. So we are now inexorably in more troubled waters,
"The following sums which became due and payable in respect of the Convertible Bonds as below were and remain unpaid:
· a sum of circa US$157,880 due and payable on 27 June 2022 pursuant to a Cash Alternative Election Notice dated 17 March 2022; and
· a coupon payment on the Convertible Bonds of circa US$680,625 due and payable on 3 July 2022.
The Company announced on 29 April 2022 that Notice of Events of Default had been sent to the Trustee of the Convertible Bonds. Following the above occurrences, the Group has now sent an updated Notice of Event(s) of Default and otherwise notified the Trustee in respect of the above occurrences.
Capitalised words used in this announcement and not defined in have the meanings given to them in the trust deed which constitutes the Convertible Bonds."
Just an update to say we have basically missed the payment and it is many multiples of our SP.
Scary for sure.
Anyone else familiar with 'old pog' and the issues with bonds they had before? sound familiar all this hey.
Ring around for a placement soon lol
what to make of it? anything new?
MCAP last week was at 49m & SP .90p, MCAP Friday was 56m SP 1.3087p, today MCAP 49m SP 1.2538p
makes no sense at times.
.