Thanks JohnNth for your two posts last tonight. I would add that is a Take over is an option and a very real one. You could add who by? That could be more imminent than 6-8 weeks. The SP is very range bound for a reason or reasons and has been for some time. (Traders and MMs know this !!) In the meantime, sit on those shares. To recall JohnNths posts
1 Again, POG is taking the necessary steps to overcome the current situation. Company have received export license, and gold they are selling within Russia for now keeps the cash coming in to pay debts and expenses and maintain its going concern status. I am disappointed we've had to drag this information out of the company. Going forward, as long as the company doesn't get sanctioned, its future is secured and us POGS can look forward to a pay day in the near future. Whilst Liz Truss has been talking up sanctions, she did recently say that whatever happens in the future, private sanctions should remain in place; so there's hope sanctions on the companies will be removed; not that POG is sanctioned at present.
2. We should not be surprised the report isn't published as of yet. The new auditor has to work around sanctions, visit companies operations within Russia to carry out the necessary due diligence etc etc. This all takes time and I wouldn't be surprised if we have to wait another 6-8 weeks for the report. In the meantime, POG is progressing well navigating the sanctions. they're selling gold inside Russia to keep the cash flow going, and have obtained export license. It's going concern status is secured in my opinion, and I don't see the company getting sanctioned anytime soon.
JCreek .... there is a difference to reading alternative views which have sense but too many of the so called views are one liners and others are insults.... I can handle alternative and sensible viewpoints... they can give food for thought for decisionmaking. The one one liners / insulters do get filtered. That's the beauty of the filter.
You see POG as a winner or POG as a loser If you see a loser or you are deceitful person then you should not be here, spreading malicious comments to lower the price for your entry..... the market will decide the SP (Some could of course be being paid to spout adverse words) GL to those who see a winner and are prepared engage in the risk v reward for POG
Recap to move forward in smart ways27 May 2022 05:26
Good find noobyinvestor summarising the POG situation. The SP drops are being manufactured for reason and should be seen as opportunities to BUY. Anything is still possible. Acceptable solution(s) is/are the favourable outcome(s).
According to Alexander Shurakov, an analyst at Otkritie Investments, the company operated in a stalemate, and the situation began to be resolved only at the end of April, when GPB transferred the rights to claim the loan to a third party - UMMC-Invest. And on May 12, the bank granted permission to sell gold to third parties, and, finally, on May 16, the company announced that GPB had transferred the rights to the debts of Petropavlovsk's subsidiaries in the Russian Federation to a third party, Nordik LLC.
"Finally, Petropavlovsk can sell gold to clients who are not included in foreign sanctions lists and thus avoid the risk of secondary sanctions. That is why the company requested an export license to sell for foreign currency and, if possible, start servicing its obligations," Shurakov noted.
Alexey Golovinov, a leading analyst at PSB , believes that Petropavlovsk will now be able to open accounts in banks that are not subject to Western sanctions, and will be able to service its debt obligations.
Disappointed with the drop after the couple of days of small rises taking POG in the right direction Very much range bound as MMs play their games to achieve that pattern News is needed to get it back to some former levels and beyond. Still optimistic Nearing the results for FY 2021 https://petropavlovskplc.com/investors/financial-calendar/ GL
Surprised the rise in SP was not larger but a late overall 16% rise for the day, on media speculation of the possible purchase of POG's assets, was a nice tick up. An RNS is needed for sure to enlighten shareholders but as I say "still holding and still positive over an acceptable resolution" GL
Global reach with different perspective for POG that Alix Partners could not achieve? RNS has to be incoming
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