Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
for starters prince, your battle ship is a right trouble maker. Russia was sanctioned , but the UK government has no jurisdiction over and can only penalise the UK companies that brake that ruling. i emailed john Mann under a year ago when this 'sting' started and said why doesn't pog just break the sanctions and take their chances in the UK high courts. Pog would have won hands down in my opinion
Its only a minor point - and it won't take away the hurt - but I believe POG were never sanctioned per se (please correct me if I am wrong) - it was GAZPROM who were sanctioned. I know there were 'other issues' so please don't shout at me ..
Hey All, a fellow shareholder has tweeted Liz Truss regarding POG and sanctions. It would be good if you could all retweet and copy in other news outlets, hopefully we can get some media attention on the situation.
Link here: https://twitter.com/LawrenceTJ13/status/1623328943137779712?t=uoIg89wgzZpjW-TckSj0XQ&s=19
Same as @Mattprl ... ajbell have just told messaged me to say all my shares are 'history'. Sigh. So that's £10k down the drain small beer I know to some of you but hey ho I'm still alive and in the grand scale of things (Ukraine, Turkey etc.) I am tons better off than lots of other people ..
Just received message from aj bell today. Shares officially worthless and will be removed from portfolio.
D**k
I feel suddenly nauseous
if hambro and pavel still were in charge and putin hadn;t invaded a pound a share today. I would have had 1.7million quid FFS
Almost a year ago now before the carpet baggers invested
Oh dear
Price today plz? If pog was still here
I think we ll wake up some morning and it will be coming back:))))))
I feel for you Lawrence. This is my 2nd burn after northern rock. Just keep getting reset. Im guessing the dead shares will just hang around in dealing account to annoy me until next year then..
Nick hood correct lawerence????
I have to assume that was Nick Hood who displayed such an empathetic demeanor towards share holders whose lives have been hit devastatingly at the hands of Russian crooks who received the blue print of how to rob UK shareholders from the UL government and with his company carried out the deed aiding and abetting a country we are practically at war with. The poor old UK tax payer have their money sent to Ukraine to supply weapons and some aid plus lining individual pockets and here are Opus robbing those UK tax paying pog shareholders on behalf of the Russians. Their only brief from the BoD was to sell a company under the smoke screen of a manufactured crisis that if they the Bod and m Opus had been genuine they could have ensured POGs survival by applying for a sanctions waiver, but they never did, not once. Opus were complicit in the lei that POG had no other options but to go into administration. I was contacted a couple of months back by a high profile insolvency firm that with POG in his words that there was NO BURNING PLATFORM that Pog was still producing a commodity in the ascendancy that being gold. How the Opus shower sleep at night is beyond me and other professionals who decline to do the job for the BoD , akimov and co and willing partook in the destruction of individual uk citizens savings . They should be ashamed
Many thanks for getting in touch and for confirming that you hold 1.1m shares in Petropavlovsk PLC.
In answer to your specific questions, I have not, nor have I ever had any role for Petropavlovsk PLC itself. Instead, I am a member of the professional team supporting the Administrators, who are working under the auspices of the High Court in London in fulfilling their statutory duties under the Insolvency Act. In that regard, my function is restricted to answering shareholder enquiries. I am not entirely clear why my nationality is of any relevance, but since you have asked, I am British-born, a British citizen and have only visited Russia once on a short cultural holiday some years ago.
As regards the Administration itself, as you no doubt already know, Petropavlovsk PLC is now subject to a formal UK insolvency proceeding, under which Administrators were appointed on 18th July 2022 by the High Court in London to take control of its financial and other affairs.
The news on the case so far is explained in the documents which have been and continue to be posted regularly on the Company's website here: https://petropavlovskplc.com/administration-news/
You can get any further updates by checking this website page periodically. Subject to any other developments in the meanwhile, the next full update for stakeholders will be posted there in accordance with the statutory timetable seven months after the appointment of the Administrators, which will be in February 2023.
We would particularly draw to your attention the Administrators' Proposals document dated 8th September 2022, to which there is a link on this website page. This explains that the assets of the Company have already been sold by the Administrators to raise funds, which will be used to repay the creditors. It also describes the events leading up to the appointment of the Administrators and since then, together with the strategy for and actions to be taken during the remainder of the Administration, which is expected to be completed within a year, i.e by approximately July 2023.
Under UK insolvency law, funds can only be paid to shareholders after all creditors have been paid in full. Unfortunately, it continues to be the Administrators' opinion that there will be no pay out for shareholders. This means that your shares have no value and there is no process through which you can recover your investment or any form of compensation through the Administration. As such, there is no need for you to register your interest or submit any documentation unless this situation changes, but we are grateful that you have notified us of your shareholding.
Once the Administration has been completed, it is likely that the Company will eventually be dissolved, so that it and the shares in it will cease to exist.
However, we have noted your position as a shareholder and we have added your name and email address to our list of shareholder contacts to make sure that you will receive al
The scammers on Telegram trying to find a way to make a few £ back. Kicked everyone off unless they agreed to their manipulative ways.
Hi mate
I think I was on a telegram group for this but I got kicked off for some reason when it went private recently. Are you on a POG telegram group ?
Thanks
Ah I see. That was quite a punt then. Still, I don’t think the outcome was predictable. Even after the invasion, there were positive updates for a while. I think some of the discussions in the Telegram group I know (could be loads for all I know) may have been a distraction lately. I have no idea what’s happening in the background, but am wondering what happened to all the LTH’s. Were they smart enough to get out earlier?
Haha. Not with my back!
Real names doesn't matter. I am in one telegram group but it's kind of dead lately. There was some talking of organising someone to represent us but I don't know what happened with that. I bought POG after the crash last year, so not much of a LTH but lost sizeable amount. Is there anything happening in the background?
Why are you a limbo dancer
Hi Lawrence. I get you. But I know this is a public forum and I’d rather keep a low profile.
Why can't we just use our real names
Hi Astral, are you in the telegram group? Are you a long term holder. My answers are yes and yes.
I understand what you saying, I've lost £81k in POG, but if the court is deciding what will happen with the rest of the money, if anything left, then I presume we will get something back. Let's hope for the best and we recover something back.