Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Broking is a business without responsibility.
LSE chat board is crowded by pumpers, dumpers, trolls and crooks
cooking the books and hackers trained to find loopholes on the internet.
ON-LINE is high risk and a waste of time for private investors in need of advice.
Many lose and the FCA, Ombudsman can't cope with floods of complaints.
Computers require skilled operators. Large companies employ computer experts
but part-timers can be wiped out by a short or cyber attack any time . The stockmarket is
a casino . A shark pit. Insiders gain and outsiders go down the drain. No win/no fee lawyers
are aware but mainly care for the rich. ON-LINE trading, dating, faking. ON-LINE Dr. med
oh dear. The end is near?
you should desist . You are a lunatic living in his own dreamland with its own facts.
Why don't you shut the **** up. When we had a chance to serve notice on the corrupt inept 2020 BOD you hindered and backed them up all the way, You should be ashamed to show your face as an apologists for the real villains and the dact so many share holders had their lives criminally destroyed
worth a look at POLY half year result thursday RNS.
It says- the 5 aug 22 russian decree......we knew about this BUT they say it prevents the sale of Russian assets incl. all gold companies where the assets are owned or controlled by residents of an unfriendly country. Uk , with its current leader, a small child who recently broke into a sweet shop, makes Satan seem friendly.
Poly had a proposal to sell russian assets and they say their advisors after considering the decree think it can no longer go ahead.
They put it better ! surely it is same for POG ?
I think it is important to get big facts right if you are going to push arguments.
UMMC is NOT owned by Strukhov , who is by far the biggest loser here incidentally.
As for the charming man saying he is clever and we were fools who deserved our fate, not so fast.
There was still some hope Putin stop the fraud ;he stopped similar and Opus were worried they had been thwarted-not sure how things stand now. No news is good news. The bod could have been embarrassed into selling some gold etc but seemingly under govt threat so went underground. No chance UK govt would change course since they alone are behind our robbery
EXCEPT ! if they and EU had not been able to continue the "war" pacifying our poorly informed people by constant lies about how Ukraine was about to send the russians home, end of sanctions would be in prospect.
In other words there were reasons to hope regardless of what the fraudulent board had put out.
I am glad to see Mike Ashley is taking serious legal action against the Debenhams board who similarly clearly acted against shareholders interests.
Does anyone know about how it went yesterday?
Lawrence, apologies for the delay - have got on Telegram and am Feblatom
I support any action against this company and how it handled the sanctions. If this means we all chip in financially, then that's ok with me.
Finderskeepers, absolutely not, I agree with you wholeheartedly, that more could, and should have been done,
What did they do, stuck their heads up their backsides, and did nothing.
I dont want to bring this up again, but, I will, Part of the reason we got into this mess was the dealings with Gazprombank, surely there was better companies out there who could have helped with refinancing, and , if Pavel still had shares, was not incarcerated, and was still in charge he would have not lay down like a wet blanket.
Just ignore them, keep fighting and pushing. Big big day tomorrow
CTC1988<< 'the company warned us all that it was unlikely that anything would be left'
Unfortunately, I was LTH here, the investment lost most value following Sanction, to sell out, also sells out any legal claim!!! I also received misleading information from JM; however, the main value was lost due to the Sanction, and I have chosen to stand by my claim.
Please do not have the arrogance or ignorance to make out I need to take responsibility for poor choices. My choice did not affect the outcome here, government intervention and company behaviour did alone. For the record, many people are appealing against the Sanctions and POG/Main shareholder have been monitored by the UK takeover panel for some time for acting against shareholder interest.
What are you still doing here if you sold at a loss???
rustybucket<< 'It is quite clear the directors did not do their judicial duty.'
The directors transferred the debt, whilst under waiver by Gazprom to UMMC. Why transfer the debt under waiver if within a very SHORT TIME FRAME it would ultimately lead to administration? Since UMMC is owned by the main shareholder this presented a conflict of interest against all shareholders AT THE TIME OF TRANSFER, when no consultation took place...
The company experienced operational difficulties selling its gold, after telling shareholders it had found a new third party buyer and had applied for export licence...
Do you think you would struggle to find a buyer for gold??? A TIER 1 asset recognised by the banking system and bought worldwide by civilian populations as insurance.
thank for the reply, Rusty... Yes, I know no -win no fee lawyers taking on only cases where they are pretty certain to win. But that also depends on the lawyers themselves(skill, expertise, sharpness, knowledge, etc), i.e. some of them see things others might not in case. I assume the No-win no-fee industry is rich with examples of winning cases refused by some legal firms and then picked up by others (and viceversa, of course).
Just my humble opinion, but I can not see any company taking on a no win no fee, they tend to take on things which are certainties.
as for the people spouting on here about the company advising shareholders could receive nothing, It is quite clear the directors did not do their judicial duty and what they were paid for to look at ANY possible solutions. They just bailed out.
I know it was complicated with sanctions etc, but this was a company producing gold, with a pox hub, on its own which was worth more than the market capital. It was and is a disgrace.
Posted 20th September 2022...Ukraine's appeal court has found against Ferrexpo in a long-running dispute over a 2002 deal, sending shares in the Swiss miner lower. The court said the sale was invalid, and that Ferrexpo's 40.19% stake in Ferrexpo Poltava Mining (FPM) should be transferred to the former shareholders of FPM. Under the 2002 deal, a 40.19% stake in the Ukrainian miner was sold to its former chief executive, Kostyantin Zhevago, and other parties. But four former shareholders launched legal action against the London-listed miner to invalidate the deal. In May last year, the court of first instance ruled in favour of Ferrexpo AG, a wholly-owned subsidiary Ferrexpo. The claimants responded by launching an appeal a month later.
A familiar story...Time to stand up for what is right!!!
CTC1988<< 'Shareholders need to accept they gambled.'
Who are you? Who do you work for?...Your statement is mindless garbage, any LTH invested in a company which had successfully gained finance from LSE for over 20 years, whilst the British government accepted stamp duty, listing fees, and capital gains. The British government chose to roll back 20 years of history practically overnight. Your statement is indicative of a CASINO. The markets are not supposed to be a CASINO run by the government.
CTC1988
with any investment there is a risk of total loss whether the company warns you or not. But each case is particular and individual depending on its circumstances
WANTED NO-WIN NO-FEE LEGAL FIRMS SPECIALIST IN SITUATIONS OF THE KIND POG IS IN. PLEASE POST THEIR EXPERIENCES/INFO/RECOMMENDATIONS/TIPS, ETC?
OK... let's launch this appeal then
WANTED NO-WIN NO-FEE LEGAL FIRMS SPECIALIST IN SITUATIONS OF THE KIND POG IS IN. PLEASE POST THEIR EXPERIENCES/INFO/RECOMMENDATIONS/TIPS, ETC?
email<< No I've not explored no win no fee, only looked at county court / small claim...I feel I have enough evidence to make a compelling claim, there are multiple policy violations and infringements, and the mechanism of implementation has been careless with supply chain affects causing equal or even worse harms than not imposing them. To be honest I would be prepared to represent everyone if there was a way of organising it. I welcome any contacts over no win/no fee or other legal support we could get.
Finders, yes, we gotta keep trying.... Probably you have already explored the no-win no-fee legal action scene - ? What are your thoughts about that?
I've just emailed my MP again pointing out the fact that Liz Truss is allow top bankers bonuses https://www.bbc.co.uk/news/uk-politics-62968072
UK govt must compensate UK POG shareholders for the sanction. It won't be big money compared to the money they giveaway for Ukraine war.
email<< a final notice is a decree to initiate proceedings following failure to respond...I may give a few more weeks, whilst this administration goes through; but I don't think I have the patience for the ombudsman enquiry, and to be honest I personally want some accountability about the cold calculated implementation of this Sanctions, which is highly suspect, given dual listed companies on the FTSE will obviously be full of UK and international investors.
good idea, FK... what is precisely a final notice in legal terms?