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Started: mkj2018, 22 May 2024 10:51
Last post: mkj2018, 22 May 2024 10:51
Michael Cotter is now fighting for remuneration of lost funds regarding COPL. His record seems to speak for itself. I am wondering if he would find this case something worth considering? I mean, the whole thing stinks from start to finish.
I am not sure how you contact him directly, but a bit of digging on the COPL share chat on this forum should reveal more details.
Last post: Lawrence13, 9 Apr 2024 11:53
Hello Freddie. Its been tough and I'm now almost ready to sell the house -71 now so not long to go. Back to POG: The more I think about it the more it was daylight robbery with a crooked pro Russian BOD and vultures like Strukov (according to RBrand a friend) who hungered after our assets. The storm clouds had been gathering since the coup of August 2020 and Pavel is still in Prison. But Phillips and Cameron both russoaphiles must have known the invasion was coming and with Gazproms bank chair Akimov in on it they were waiting to seize their moment and the ritish globalist government gave them that moment through corruption or stupidity via the sanctions. If the sanctions had not been imposed it would have meant the hard way for the crooks to obtain POG. by either a takeover or seizing the assets which would have been very messy with profound implications further down the line. The LSE should investigate the motives and actions of the BOD and their mad rush to appoint administration which in essence we know they couldn't believe their luck when the Tories applied it. A|s I've said our gov was either stupid or in on it and seeing how reishi's wife wasn't sanctioned I have to believe the latter
Ha ha yes lawrence , hope you are well , still got a few goldies , gone from a dodgy russian share to some dodgy aussie ones lol , this time next year lol
Sam.......twat.
Hey Freddie and Ken J, still surving?
That’s from 2014 😂😂😂
Started: Lawrence13, 8 Apr 2024 22:30
Last post: Lawrence13, 8 Apr 2024 22:30
If our globalist lead gang of opportunist thieves we call the tories , had have lifted the sanctions then the outrageous low price the Russians bought POG for would not have transpired. When I spoke to quantuma about the administration Simmon Bonnie said clearly there was No Burning deck !!!! Meaning POG produced much needed gold in w world where prics would only go up. Our cabinet and its minister like the now Foreign Minister James Cleverly and my local MP were warned that sanctions would kill the company and give the Russian a legitimate route to acquire at a sickening price. I note little rishi the globalists wife Murthy was under no sanctions. Back handers and robbery using the fog of a manipulated war.
Started: sam1008, 16 Apr 2023 19:34
Last post: CWWX, 27 Feb 2024 23:32
Hello Lawrence.
No I never gave you a hard time. We didn’t always agree on some points but that was about it.
Are you involved in the “action group” still trying to get something out of this or has that disappeared too?
CWWX, Didn't you used to give me a hard time and that idiot R Brand
It is dead and buried.
Just found out this evening. I thought the whole thing was dead and buried
Https://petropavlovsk.freeforums.net/thread/1/welcome-new-forum?page=1#post-2
Let’s create a new space just in case
Started: Chughes92, 2 Jan 2024 10:22
Last post: Lawrence13, 19 Feb 2024 19:44
Our government gave our money to UMMC
Started: Birdwatcher, 16 Feb 2024 10:37
Last post: Birdwatcher, 16 Feb 2024 10:37
Anyone heard anything about Russian shareholders asking UMMC to buy their shares?
Started: Babysitter, 23 Jan 2024 19:04
Last post: Babysitter, 23 Jan 2024 19:04
Charlotte Philipps, member of the Board of Directors of POG was a member of the Board of Directors of Geotech Holding too.
https://eutoday.net/nikolay-levitskiy-hong-kong/
Started: Babysitter, 3 Sep 2023 18:07
Last post: Babysitter, 3 Sep 2023 18:08
On 19/04/2022, Gazprombank (under all sanctions) demanded that Petropavlovsk Plc immediately repay a loan of $201 million and asked for another $87.1 million on the credit line the next week. A little later, it was announced that Gazprombank had transferred the rights to claim a $200 million term loan from Petropavlovsk to UMCC.
Gazprombank is a consistent partner in numerous deals of Rosneft.
Ural Mining and Metallurgical Company (UMMC, under UA, US sanctions) is one of the largest industrial holdings in Russia. It is involved in mining and processing of ores, production of metals, metal products, copper, and other metals. The main owners of Ural Mining and Metallurgical Company (UMMC) are Andrey Bokov and Iskandar Makhmudov (under UA, NZ, UK sanctions) Both of them are long-time friends and business partners. Companies Profil and Okhotresurs own a huge amount of hunting ground in Tver region. Okhotresurs belongs to Transmashholding of Bokarev and Makhmudov. Transmashholding owns 66% of Profil. The hunting grounds are used for their personal hunting. But 33% Profil belongs through a chain of companies to Rosneft-Uganskneftegas - subsidiary Rosneft. Igor Sechin hunts on those hunting grounds of both companies Profil and Okhotresurs. There is located personal manor or Igor Sechin with the famous production a food from wild animals.
On 18/07/2022, Petropavlovsk Plc was forced to declare its own insolvency and decided to file for administration.
On 01/08/2022, Petropavlovsk Plc and its administrators entered into an agreement with UMMC-Invest JSC for the sale of the key mines and other subsidiaries belong to Petropavlovsk Plc.
On 05/09/2022, Russian President Putin, by his decree, authorised UMMC-Invest (UMMC-Invest JSC is part of the UMMC) to acquire the key mines and other subsidiaries belonged to Petropavlovsk Plc.
On 12/09/2022, UMMC-Invest completed the acquisition of the assets of gold miner Petropavlovsk Plc.
On 31/12/2022, The mines previously belonged to Petropavlovsk Plc produced 11.4 tons of gold in 2022.
Administrators sad in the last report that they completed the investigation into the conduct of the directors)))
On 16/07/2019, Roman Trotsenko (under UA sanctions) adviser to CEO Rosneft Igor Sechin (under all sanctions) bought a stake in the gold miner Petropavlovsk.
On 08/11/2020, Charlotte Philipps was appointed as a Non-Executive Director of Petropavlovsk Plc and as Senior Independent Director of Petropavlovsk Plc on 17/08/2020. She was simultaneously a member of the Strategy and Investment Committee of the Board of Directors of Inter RAO UES Russia's largest integrated utility company, from June 25, 2013, to May 28, 2021. Igor Sechin was Chairman of the Board of Directors of Inter RAO UES from June 25, 2013, to May 28, 2021 (information for 2022 was classified).
On 25/12/2020, Pavel Maslovsky, ex-CEO of Petropavlovsk, was arrested. The criminal investigation was based on the resolution of the chief of Department «K», Service economical security FSB RF, General-Lieutenant Ivan Tkachev. In many publications, Ivan Tkachev has been named as «Sechin’s personal guard». He and his son, Alexey, were accused of embezzlement by inflating (slightly over £1 mln.) the price of an office building and land in Amur Region, Russia.
On 16/04/2021, Mikhail Irzhevsky (under UA sanctions) was appointed as an independent non-executive director of Petropavlovsk Plc. Irzhevskiy previously worked for at Freshfields Bruckhaus Deringer LLP from 1999 to 2013. During this time, Partner at Freshfields Bruckhaus Deringer LLP served as a consultant to Rosneft on various transactions.
On 31/12/2021, Petropavlovsk PLC ended 2021 with a $10 million decrease in cash flow and a profit of $1 million (Management report April actual results and 2022 Forecast). No information about the debt refinancing process has been provided.
On 09/03/2022, Company Region owned by Sergey Sudarikov (under UA, UK sanctions) acquired a 29.18% stake in Petropavlovsk. However, in early April 2022, the deal was canceled. Company «Region» manages the non-state pension fund of Rosneft.
Started: Chughes92, 30 Jun 2023 10:02
Last post: Chughes92, 30 Jun 2023 10:02
Until the class action begins
On the legal challenge?
What will happen with the $25m stuck in the Luxembourg account when OFSI release it?
Will the class action lawsuit be happening?
Looking forward to a successful outcome and receiving a nice % of my investment back.
Started: samson3, 5 Apr 2023 22:49
Last post: samson3, 5 Apr 2023 22:49
I can see this at 70p next few weeks.. i might sell
Started: BigCashews, 10 Mar 2023 11:06
Last post: kenj, 15 Mar 2023 17:43
Hi Lawrence,
I tired of the ignorant comments and abuse on this board, and stopped posting.
For the record I was not referring to you, Rusty or Freddie.
I sold about half of my shares between March and October 2021 at varying prices from 21p to 27p, taking a good profit, so did not suffer a massive hit when it all collapsed.
Good luck trying to recover any money you have lost here, although I fear that you are knocking your head against a brick wall. Write it off and move on, don't throw good money after bad on risky legal proceedings.
Kenj where have you been
Yup, risk vs. reward.
All depends on one's risk appetite.
I am still in EUA and averaging down where my finances allow!! I strongly believe EUA will come good eventually and so would POG if shareholders had not been robbed.
You seriously want to buy shares in another Russian company, after what happened here?
how to find out what the new POG turns out to be and when it is resurrected as a new company? Too much resource value for this not be rebranded as a new company.
And yes, I admit I got shafted too !!
Started: samson3, 24 Feb 2023 17:39
Last post: Watcher36, 10 Mar 2023 08:58
channel this anger Lawrence. The birtish public need to rise up and overthrow this excuse of an government and political system. Our democracy is a fraud - both the Tories and Labour are puppets for the non-elected globalist bodies such as the WEF, UN, WHO and Nato. Starmer himself said he's choose siding with the WEF over our parliament....says it all.
They all evil and complicit in the biggest crimes against humanity ever committed. The covid virus was a scam and the "vaccines" a bioweapon to de-populate. LAw suits popping up everywhere...Pfizer said in court the other day that they are not guilt of fraud as they on;ly delivered the fraud the US govt ordered....So basically the bioweapn is from the DoD, Us govt. Millions are anticipated to have died because of the clot shots.
Westminster will burn or there will be civil war in this country very soon
"we were warned".... read: we could have applied for UK gov waivers, which would have released the choke hold that sanctions had placed upon the company thus allowing it to breathe and weather the storm; but as we knew the BoD could have done so and didn't want us to even try and we were happy to take an easy rubber stamping pay day, so stuff the company and its share holders -easy pickings for us.
Opus thought if the UK government and UK high court couldn't be bothered trying to save a UK company and UK share holders then why should we feel any guilt in taking a huge pay day. The fact it was at the cost to UK share holders and ensured that the Russians creditors were not left out of pocket even though that's what the sanctions were planned to do, is either here nor there. We can't help but laugh though at the irony that UK tax pounds are being sent , without consent, to the Ukraine to line pockets and on weapons to defeat an enemy that we and the UK high Court ensured got their debt back.
So what a wheeze the UK share get stuffed helping Russia and the UK tax payers get stuffed trying to destroy Russia and we Opus just did what we were instructed to do and as a British company we were allowed to break sanctions and deal with Russia didn't need any waivers whatsoever and the UK government and High Court never even mentioned it!
So in the end Russia get a 2b Kroll valued gold mine and processing plant, Ukraine get their aid and the UK citizen gets shafted both ways.
So UK share Holders you will not get one bean from this daylight robbery set up.
With Kind Regards
Nicked & Boyz in Da Hood
Cannot see any mention of shareholder money, we were warned, was well worth a punt though. Looks like everyone's getting a slice apart from the small PI's, live and learn, GL all
Dear Shareholder,
The Joint Administrators have now published their Progress Report covering the period from their appointment on 18 July 2022 up to 17 January 2023, in accordance with their statutory obligations.
The full report can be accessed on the Company’s website at this link: https://petropavlovskplc.com/administration-news/
With kind regards,
Nick Hood
For and on behalf of the Administrators of Petropavlovsk PLC (In Administration)
image001.png
E: nick.hood@opusllp.com
W: https://opusllp.com/
LI: https://www.linkedin.com/in/nickhood1/
Started: Lawrence13, 23 Feb 2023 22:23
Last post: Lawrence13, 23 Feb 2023 22:23
Graham stuart who even though I was polite and passive still blocked me Must have touched a guilty nerve
Graham Stuart MP
@grahamstuart
You’re blocked
You can’t follow or see @grahamstuart’s Tweets.
.
Started: PrincePotemkin, 9 Feb 2023 09:14
Last post: Lawrence13, 22 Feb 2023 13:58
PrincePotemkin: Did you buy into POG post invasion?
Lawrence - we're trading semantics here. I don't think 'Russia' was sanctioned, but Boris took pot-shots at every pie he thought Putin had his grubby paws in. And your desire for POG to just say 'eff em' and carry on as whatever counted for 'normal' is just, well, unrealistic. Look - I got hurt but it was a massive punt on my part and I have no-one to blame but myself; I've also got exposure in POL(ymetal) and I could also come unstuck there. If I do, then I can only blame myself again. I SPECULATED on POG and POL. My choice. My mistake.
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 ..
any chance of coming back for the POG
Started: harj_no_1, 8 Feb 2023 23:12
Last post: harj_no_1, 8 Feb 2023 23:12
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
Started: PrincePotemkin, 8 Feb 2023 17:39
Last post: PrincePotemkin, 8 Feb 2023 17:39
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 ..
Started: samson3, 1 Feb 2023 21:15
Last post: Mattpr1, 8 Feb 2023 17:30
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
Last post: Mattpr1, 31 Jan 2023 14:02
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..
Started: samson3, 29 Jan 2023 15:23
Last post: samson3, 30 Jan 2023 22:20
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
Started: ASTRALPRO, 26 Jan 2023 18:22
Last post: CWWX, 29 Jan 2023 12:47
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?
Started: email, 6 Jan 2023 22:16
Last post: CWWX, 26 Jan 2023 13:48
Seems to be your favourite word…….
Such an aggressive chap. Not like others on here.
D**k head
Not at all Lawrence.
You’re definitely confusing me with someone else.
Hope you are well.
that would be so sweet but you come here and criticize instead with a tendency to pour scorn on those that still want to fight this heinous act
Just checking in occasionally to make sure you’re ok.
As a fellow investor and friend I thought it best to.
Started: PrincePotemkin, 16 Jan 2023 21:30
Last post: samson3, 20 Jan 2023 22:25
Correct lawrence
Balloon.. dont you worry too much about it
If you have come to terms with your loss why are you still here?
Stop having a dig at me Lawrie old chap. You were stupid enough to invest ALL of your pension into a Russian gold company knowing full well how corrupt it was.
Do I think it was corrupt, yes. But as my post said if it wasn’t for the sanctions on GPB we’d still be invested in POG, corrupt or not.
Are you involved in the legal case? With your “holding” it might be worth a gamble, the last roll of the dice maybe.
I’ve lost as well so don’t think I’m sat here laughing about the situation. I’ve just accepted what’s what and moved on.
If, and it’s a big if, anything comes from it then great but not going to sit here crying over my mistake.
Have a nice weekend.
I thi9nk johnson is advocating something he would be too scared too consider if he was PM so has the comfort out putting others on the spot. But.....and a big but (no not Johnson) it is a fantastic suggestion that I made here some time ago but now more pertinent than ever. One of the three ministers who replied to me via my MP was Graham Stuart who said 'we need to look at the victims of unintended consequences of the sanctions". Well here it is , send his response to our respective MP's saying that we were devastated by government action and were the unintended consequences of their actions and they need to own that to start with. At least Graham Stuart had the decency to acknowledge our losses. This government can compensate us from seized Russian assets.