Recap to move forward in smart ways27 May 2022 06:26
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.
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GL