No auto trades yet today. Interesting? Volume certainly minimal.
http://www.4-traders.com/PETROPAVLOVSK-PLC-4003849/news/Petropavlovsk--boss-Hambro-says-more-sales-may-be-on-the-cards-19243015/ Thanks to who ever posted the above first. Assuming they are not well in to negotiations and even DD already then presumably revenue from a sale / sales won't aid the re-financing but the intent might. Although it would be complicated if they could sell (or similar) the POX Hub with rights to ore that would otherwise not be processed that would be a positive because so far the cost cutting has had implications for medium term production. Maybe long term too. The buyer or partner could be given the right to process ore from non-Petropavlovsk mines if there are any not too far way. Perhaps smaller units. PH's words don't read like there is going to be a definitive announcement anytime soon. Lesser potentially price moving broadcasts or soundbites perhaps. The post yesterday or the day before that suggested that below about 30p an RI probably isn't possible sounds plausible. Maybe those asking for cash will concede that and the RI be pushed to the second stage as envisaged by a journalist for the Times some months ago.
Rusty What do you make of the new code of just 1 & 2 's instead of 100 & 200's. Is there a shortage of 0's in the market? Should we be getting into that ahead of the herd as shortages always lead to higher prices. Have you heard anything? CB
Just on a small piece of information Sberbank are asking EU to be exempted from the sanctions that were recently levied against Russia and certain financial institutions there. CB
Yes I do remember you, and you are correct. The things needed to get this up are confirmation of debt refinancing ( whatever way ) then people who are sitting in the sidelines will return. I have said all along high risk potentially very high returns. The buyers will return when refinancing is completed or nearly completed as there will be plenty profit then. They will wait on the sidelines and come back at higher levels than this when there is an element of certainty.
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