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this whole discussion seems to have gone berserk...
A few points...
Firstly, I agree the need to refer these matters to MPs to reassess the process whereby,
bona fide investors/shareholders are basically excluded from the process of settlement, where a business is pushed into administration, with little or no prospect of being heard and
having a fair hearing. Instead, you seem to end up with an unsatisfactory procedure which offers the bondholders a claim on all there `losses`, often rushed through to get things done quickly, and effectively bypassing the serious and reasonable requests of investors to have their concerns properly investigated.
Respect for yet another globalist who did their best to stick two fingers up to Putin; you have to be joking right? Non of the standard current political parties will stand up for the decent citizens, none.
Email I do share some respect for Sunak, though didn't agree with some of his Covid measures (and their lack of policing leading so easily to fraud), which has led to massive indebtedness for our children to deal with. He suffers lack of credibility with the greater population due to his wealth through his wife. Javid I like though I know others will disagree, between then they are the most financially astute current politicians I am aware of.
johnpwh
I never said this was a Brexit issue. I said the rabble of conservative party brexiteer members elected Johnson (who switched to Brexit so he would be elected leader at the last minute) and Truss (who switched to Brexit) to become PM... You might be no fan of Hunt - and neither am i.... But Johnson vs Hunt (a rabble rouser vs a sedate, calm methodical man-) and who the conservative rabble went for?... Truss vs Sunak (a complete inadequate incompetent vs someone methodical who knows what is doing ) and who the conservative rabble went for?.... I am no fan of any of these politicians - I am certainly no fan of the senseless conservative rabble in question here
Email
With respect I don't think this is a Brexit issue, and I am not a great fan of Jeremy Hunt. i would remind you that Liz Truss, probably our most appalling prime minister this century or last, was a Remainer until she did one of her famous changes of mind. I am truly struggling to see any good personalities/ talent/ integrity in the Tory party. As a lifelong Tory voter since October 1974 I have stated elsewhere, and will state again here, that I would rather spoil my next ballot paper than ever again vote for Conservatives who have shown themselves to be both corrupt and inept. I think we should have taken note, and lessons, from the lack of support for investors in Sirrius Minerals who the Johnson government threw to the dogs - despite the fact that many local (to the project) PIs had pretty much sunk their entire pensions savings in there. I do remain concerned with those nursing heavy losses here which is why I hope support will be given to them to adjust to this situation.
johnpwh
I do respect your view... But I firmly believe that Jeremy Hunt as PM instead of Boris Johnson the whole UK economy and the whole situation with Russia would have been far better... A bunch of conservative party brexit jingoistic nutcases have inflicted long lasting if not permanent damage to UK by electing Boris... And the conservative party members were going to do it all over again - and even better - by electing Liz Truss leader...
email
POG would not be in this position had Russia not invaded Ukraine, poured rockets on its cities, industry and power infrastructure and raped its women and children. The West reacted with sanctions which avoided an all out war in which we all would have been either horribly mutilated or simply annihilated due the imbalance of conventional forces and the ego of Putin. Although I agree that their support of private investors is severely lacking you cannot put all the blame on UK governments for confiscation of POG assets.
Let's be quite clear and direct, the (ir)responisble for Pog fatal massacre is not Putin and it's not Zelensky. These two, misguided or not, mad or sane, right or wrong, are trying to do what they believe is right for their countries. The chief responsible for our plight is only one: Boris Johnson. And the bunch of brexiters conservatives who elected Boris Johnson leader above Jeremy Hunt. Please stop bringing Putin and Zelensky and focus on who the real blame lies.
I feel bad for those who lost money on POG and I held it during the 80-100% pump days during the Istanbul-Minsk-2 talks which fell through due to NATO intervention and I do believe it would be sitting around 10p if we never stuck our noses in and Ukrainians wouldn't be suffering like this now with all the blackouts. The fatal Gazprombank sanction was also only issued by the UK, who felt it necessary to go further than other EU members, and from that moment the slow spiral of death ensued but it was still punctuated with the odd pump and dumps between 1-2p, however I bailed during the first warning about investors getting wiped out at 2.4p and that message was repeated again and again in follow up RNS right up to the last day. So yes I do believe the UK Government is responsible for losing everyone money here and its the first time I have ever seen them behave this way. Keeping the Donbass Ukrainian also has little strategic value to the UK, a peaceful handover wouldn't have caused this much damage globally. Polite emails also won't ever get the point across, they only respond to political influence and protest, hence why I paid the £20 to become a Conservative.
Hi Lawrence
Hard to know what to say without sounding patronising, which sadly it will almost inevitably will. That is genuinely not my intention.
I posted on here earlier this year after the invasion, dipped my toes in, got a bit singed and exited. I have lost more on others, and also had my successes. So I do know what you are feeling.
You have to come to terms with this, even though it seems, and is, grossly unfair. But you are battling against the establishment, governments and conflicts, and barring a miracle sadly you have to accept the situation. You can vent your spleen at me if you want, but I am concerned for you. You need to start to find a way forward post this fiasco, don't let it consume you further, enjoy the rest of your life even if your circumstances are reduced from what you had hoped. Would always be happy to talk. John
" It makes you wonder how many other stocks and therefore investors have suffered a similar fate to us."
Now that is a very relevant point and worth investigating, but you can be assured not one of the cabinet that implemented the sanctions lost one single penny
That is true but the ordinary share holder has been screwed; by the Russians is expected but not by our own government which is supposed to put its own citizens first. Yet you seem to to be pushing the line we should just shut up and be thankful we're not Ukrainian. I don't think conflating the two issues has any relevance here. The plight of the Ukrainians at the hand of Zelensky, Putin and nato countries has FA to do with the way our government crippled its own UK company
Apologies Lawrence123, only just noticed your other post. Totally agree the sanctions against POG probably benefited Putin and definitely not us. It makes you wonder how many other stocks and therefore investors have suffered a similar fate to us.
Lawrence13, you're not the chair/custodian/regulator of this chat forum, it's for all to use and share views (ideally in a polite way) I like yourself and many others have lost money in this stock and others stocks and we have the right to post our opinions too.
I'm definitely not lecturing, I'm just putting things into perspective and finding my own way of dealing with the financial loss.
Grappa , Who the F are you. You've just made two posts only recently and you're lecturing us about how grateful we should be that we are not Ukrainians. Well guess what , we aren't and our UK government has defecated all over us whilst they hold a virtuous banner above their protected ****'s. They sacrificed us , not themselves. Not one of these **** houses lost a f*(king penny of their own money as they knowingly gave t6he gold and plant to Putin Some effective sanctions, eh? So cease shilling for Opus and co and stay out of this
Grappa.
Who were the sanctions meant to hurt?
Who did the sanctions actually hurt?
Did Ukraine gain from the sanctions against POG?.
Yoo talk as if we should be grateful and accept our losses as they are nothing compared to the losses of many Ukrainians. What losses did the Tory Government cabinet ministers suffer in this great sacrifice for the Ukrainian people? ........................................................**** ALL
We as investors are suffering and there is no doubting that but there's a bigger picture here in that there are many millions more who don't have the luxury that we do to try and save for a better future. Totally agree and I'm gutted and angry regarding the money I have lost but hopefully all of us who invested here still can afford their gas and electric bills. Many can't and many of our European friends are displaced from their homes and families.
UK Share Holders Due to Government Policies Lose, Life Savings whilst UK Government
Yahoo/Sent
lawrenceTJ13@sky.com
To:Sally-Ann HART,Thomas GUYTON-DAY
Fri, 25 Nov at 20:20
via the charming and UK shareholder hating, UK Foreign Secretary Jame's Cleverly, give Zelensky taxpayers cash to feed his coke habit . Of course Mr James Charming Cleverly told me and other investors in the UK owned and FSTE 250 Petropavlovsk Plc ; that we knew the risk. I wonder if he said that to sniffer Zelensky when regardless of the consequences he he wanted Ukraine to join Nato, I doubt it.
Lawrence Jenkins
Volodymyr Zelensky Drug Addict? https://www.youtube.com/watch?v=_zD2U53ZtOQ&ab_channel=NosyBee
Volodymyr Zelensky Drug Addict?
grappa, I wonder how you didn't realise Putin won your 80% of portfolio ofcourse mine as well with the help of elected Jokers issuing sanctions without considering impact to their-own citizens.....
What are you talking about Grappa, Putiin and his pals did win , they got company for sweet FA compared to what its really worth and all courtesy of our traitorous government
Through our SIPP 's and ISA's we all have made an effort to save for our futures and bar losing on POG my portfolio is still around 80% down. It's diverse and therefore tried to lower my risks but this war and our economic climate is crippling hard working individuals who try and to save for a rainy day.
Unfortunately it's not raining but one hell of a storm. However we can't let Putin win, because if he does no amount of money and profit in our portfolios will be of any use. It hurts but as a country we need to do our bit and help and see an end to this war.
This is clear evidence how today ministers don't give a damn, let alone fight for Britons... Thatcher went to war for Britons right to the Falklands and they were hardly worth more than Pog at its highest. Our Ministers go to war to sell us off -
Fair play for your persistence Lawrence. I hope it pays off, but realistically the government arent going to do asnything in my opinion.
I think that the fact my MP thought her cabinets destruction of peoples life savings could be made good buy a leaflet on Pension Credit, just epitomizes their detached arrogance and utter contempt for the people that have paid their salaries and fund their pet projects 9s just staggering, absolutely staggering.
GUYTON-DAY, Thomas
To:lawrenceTJ13@sky.com
Wed, 23 Nov at 14:23
Hello Lawrence,
Thank you for your email. I am very sorry to hear that you may have to sell your home and that you are struggling to live on the state pension. Can I ask, have you considered applying for Pension Credit?
You can find information on this here: https://www.gov.uk/pension-credit
Please also find attached the cost of living leaflet Sally-Ann has produced. It contains information on what support the Government is providing, alongside useful telephone numbers.
Kind regard
Tom Guyton-Day
Constituency Caseworker
Office of Sally-Ann Hart MP
Member of Parliament for Hastings and Rye Swallow House, Theaklen Drive, St Leonards on Sea, East Sussex TN38 9AZ
information regarding cost of living support can be found here: https://www.gov.uk/cost-of-living
lawrenceTJ13@sky.com
To:GUYTON-DAY, Thomas
Wed, 23 Nov at 15:39
Hello Thomas
Thank you very much for replying but IIRC pension credit is means tested with a cap of 16k However I think you can probably tell that myself and other shareholders are very upset about their losses. Petropavlovsk Plc wasn't an ailing company in a third world country. No it was listed (until the sanctions) on the FTSE 250 , our own highly regarded stock exchange. It also wasn't the Royal Bank of Scotland or Northern Rock where management culpability led to a dissolution of assest, no this was a pre war and sanctions company that was thriving producing and selling the asset that all will crave for in the future , above bitcoin.....and that is gold but now that 2 billion dollar's worth of assets and future wealth now belongs to Putin the man you claimed to be against. This will never go away . Can you blame us us. If this government had just thought out their 'sawn off shotgun 'sanctions then Petropavlovsk Plc would still be alive today and I wouldn't keep emailing you. As I've continuously said: not one virtue signalling with other peoples wealth cabinet ministers has lost one penny due to the UK sanctions. The UK must be on Putin's Christmas Card list.
Thanks for the dead end on pension credits , but if it hadn't been for your lot you wouldn't need to be offering pension credit advice
Thanks
Lawrence Jenkin