Member Info for applebee

This is a gift house for UMMC. They will capitalise on it swiftly and can easily take our POG assets in Russia for f all.

Are you on something?

The RNS is strange. It says 88% voted for the new business scheme and then goes on to say 83% voted for wind down. Does this mean each voter could vote twice??

The bus and sells may be incorrectly marked but i an genuinely surprised at market's inability to see a great deal under their noses.

Erm... what exactly have we done?

Not even £50 worth

A bun perhaps?

Exactly. So if nobody in the UK can deal with EVR and UMMC call in the assets, surely they could just waltz in and take over the assets? Unless bod have arranged for some gold sales with other countries

EVR under sanctions = no business or person in UK can deal with them. GPB call in debt and transfer to UMMC = UMMC could effectively demand immediate repayment and take over assets

Does this mean that UMMC can take over the assets while any British businesses can do nothing about it?

The question is - is it in the hands of administrators yet? If not technically, then Morrisons in theory could propose a better deal.

Poor Lloyd. Getting called a lady boy :-) Made me laugh though.

Is nobody concerned that UMMC can potentially takeover the company for nothing?

The funding is subject to delisting. Without delisting, no finances. Without finances, Company goes into administration.

The formal sale process is off. The refinancing deal makes provision for delisting but this requires shareholder approval. It doesn't say if the refinancing is conditional upon delisting nor does it give a timescale.

To come perhaps?

There's nothing on investegate. Not nice to make stupid 'jokes' like this.

Think CL means that there are no RNS showing on LSE for any company.

That world be a waste of a good whiskey to pour it into coffee. Hope Lawrence has more sense than that! :-)

It would... but this is Russia we are talking about.

There is nothing new there that i can see. GPB had called in the debt of $200m by the 26th of Apr and has transferred the debt to UMMC. If POG cannot cough up said 200m by tomorrow, then all the assets of the company go to UMMC. They get a gold mine literally for nothing while all shareholders lose everything.

Of course UMMC could agree to buying gold from POG in lieu of payment but given its m I rky connections and need for funds elsewhere, i am not convinced.

To top that, Russian CSD showing up yesterday... given that they cannot deal with any other international CSDs, I am confused too as to what shenanigans are going on.