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POG have done there rns today. no more bad news now. Next monday full results. Most probably better than last year. MMS in auction now and will be many more today tomorrow. Hold for gold

One mms loaded up at 3.49. Need to break this

Petropavlovsk PLC, up 97% at 3.39 pence, 12-month range 1.30p-29.35p. Receives waiver from Gazprombank to sell gold to third parties and has found new gold buyers. The waiver of Gazprombank's offtaker rights relates to USD87.1 million owed to the bank that was originally due April 26 under Petropavlovsk's Russian subsidiaries' revolving credit facilities. In addition, the gold miner announces its four main operating companies applied to the Russian government for a waiver of the country's current moratorium on bankruptcy filings. The companies are Pokrovskiy Rudnik JSC, Albynskiy Rudnik LLC, Malomirskiy Rudnik LLC and TEMI LLC.

Massive amounts of buys going through. In auction. MMs cannot withstand the buys momentum. Hold for Gold.

(Alliance News) - Petropavlovsk PLC on Thursday said it has received a waiver from Gazprombank to sell gold to third parties and has found new gold buyers.

The waiver of Gazprombank's offtaker rights relates to USD87.1 million owed to the bank that were originally due April 26 under Petropavlovsk's Russian subsidiaries' revolving credit facilities.

Petropavlovsk shares jumped 50% higher to 2.28 pence each in London on Thursday morning.

Next Monday 16 May

Petropavlovsk PLC Full Year Results

Chart very bullish. In auction again. Many auctions to come today. pls also remove stop losses. Gla

Was 4-5 p before this share was taken down to the current level. Hold on for Gold for major gains.

Excellent News and now Tomski has done a runner. He must have sold his 2 shares.

1 mms waiting on 4p

In auction unable to buy. Hold for Gold

Update on Debt and Gold Sales



Petropavlovsk PLC ("Petropavlovsk" or the "Company" and, together with its subsidiaries, the "Group") provides an update on developments at its operating subsidiaries within the Russian Federation.



As previously announced:

· Petropavlovsk received notice from Gazprombank ("GPB") requiring repayment of, in aggregate, c.US$87.1m (including accrued interest) due under the Group's Russian subsidiaries' revolving credit facilities (the "RCFs");

· it is a condition of the RCFs that GPB acts as offtaker of 100% of the Group's gold production; and

· As a consequence of GPB's designation under the UK's Russia (Sanctions) (EU Exit) Regulations 2019, the Group has not repaid the RCFs or sold gold to GPB.



GPB has issued waivers of its offtaker rights such that Petropavlovsk has been able to sell gold to third parties, and the Group has identified new buyers as well as applied for a gold export licence. However, the Group has also received a notice from GPB that the bank:

· may revoke such waivers at any time and may elect not to issue further waivers; and

· reserves the right to initiate judicial proceedings against certain Petropavlovsk subsidiaries in Russia for repayment of the RCFs.



If GPB were to take the action it refers to in its notice, including initiating judicial proceedings in Russia for the repayment of the RCFs (for example, by seeking an injunction to freeze the assets of the Russian subsidiaries, which the Group has been advised GPB is in a position to do notwithstanding the current moratorium on bankruptcy proceedings in Russia), it would cause a material adverse effect on the Group's cash flow position and limit the Russian subsidiaries' ability to meet obligations to employees and suppliers.



In light of the above, the Group's four main operating companies - Pokrovskiy Rudnik JSC, Albynskiy Rudnik LLC, Malomirskiy Rudnik LLC and TEMI LLC - have applied to the Russian government for a waiver of the country's current moratorium on bankruptcy filings. Once in place, the waiver will give the Group additional legal options to ensure uninterrupted operations and payment of salaries and other current expenses should there be any legal action by the subsidiaries' creditors to recover debts owed.

Mm’s will be fleecing loads now, it’s sad but true. Then they will reverse the pattern

We are down over 40% since last news. BOD should release a rns to state reason why this should not be falling.

Last rns was few months ago. Shares went to 2.5p. More news due. DYOR See below the last paragraph:

(Alliance News) - GSTechnologies Ltd shares surged after it said that the UK Financial Conduct Authority approved the change of control of Angra Ltd, allowing the firm to complete its GBP800,000 acquisition.

Shares were up 60% at 2.46 pence each in London.

The Milton Keynes, England-based fintech and information technology firm said its acquisition of Angra was only conditional on obtaining the FCA change of control approval. As such, it will proceed with the customary completion mechanics to formally complete the acquisition.

GSTechnologies plans to utilise Angra as the basis to build the UK arm of its planned blockchain-enabled neobanking business.

Angra is a London-based foreign exchange and payment services provider. The business is an FCA approved authorised payment institution.

GSTechnologies is acquiring Angra from its director and sole shareholder Rodolfo Basilio, but intends to keep Basilio and current employees in the company.

"We are very pleased to have received FCA approval for the change of control of Angra. Angra, based in London, will form a cornerstone for the development of our blockchain-enabled neobanking business, providing an established, appropriately regulated, base on which to build our planned UK business," GST Chair Tone Goh commented.

"We are continuing to rapidly progress our fintech plans, in conjunction with our collaboration partner, Wise MPay Ltd, and I look forward to providing further updates in due course."

Last years results see below. Personally this years will beat last years production and gold prices also higher than last year. DYOR.

Petropavlovsk PLC ("Petropavlovsk", or the "Company" and, together with its subsidiaries, the "Group") today issues its audited Annual Results for the year ended 31 December 2020.

Mr Denis Alexandrov, CEO said: "Petropavlovsk delivered a solid financial performance in 2020 despite numerous challenges, with revenue and EBITDA improving substantially year-on-year on the back of a 6% increase in production and higher gold prices.

Looking ahead, there is much to be addressed to drive improvement across the business in 2021 and beyond. From a cash flow perspective, one of our immediate opportunities is maximising utilisation of the POX Hub using our own refractory gold concentrates to reduce reliance on lower-margin third-party material via the successful on-schedule delivery of two major projects - the Pioneer flotation plant later this year and the Malomir flotation plant expansion next year. In addition, we continue to assess the development of our other assets, with the Albyn hub in particular having great potential that has not previously been fully considered.

The new management team continues to make progress enhancing operational governance and I am confident that the ongoing business review will present further opportunities to deliver greater transparency and efficiencies throughout the organisation."

Full year results next monday 16th.

6.9 mill printed from 11.07. Peeps loading up

BBerg just said that yesterdays sell off of European stocks seems to be reversing and those that were selling yesterday are buying back the same shares they sold yesterday. Nothing new there :-)
GLA

BBerg just said that yesterdays sell off of European stocks seems to be reversing and those that were selling yesterday are buying back the same shares they sold yesterday. Nothing new there :-)
GLA