Member Info for Jetcom

The cancellation of the admission of Highland Gold Shares to trading on AIM will significantly reduce the liquidity and marketability of any Highland Gold Shares in respect of which the Offer has not been accepted. Any remaining Highland Gold Shareholders will become minority shareholders in a majority controlled company and will likely therefore be unable to sell their Highland Gold Shares. There can be no certainty that such minority Highland Gold Shareholders would again be offered an opportunity to sell their Highland Gold Shares on terms which are equivalent to or no less advantageous than those under the Offer.

Settlement of cash consideration
As detailed in the Offer Document, settlement of cash consideration to which any Shareholder is entitled under the Offer will be effected:
· in the case of acceptances received, valid and complete to date, promptly following this announcement; and

· in the case of acceptances received, valid and complete in all respects after this date but whilst the Offer remains open for acceptance, promptly following receipt of such acceptance.

Bit fortunate. Bought in at highs of 37p and 38p last week. Nice to catch the dip this morning and top up 25000 shares at just over 30p.

First foray into this stock. Bought a first £20k on Friday after the excitement to RNS release on this board. I will be pleased if I make 50% over the next 6 months. Seems like a very likely possibility with future SP predictions being branded by posters.

Hear, Hear. Still invested but agree with Rustybucket. As nothing to write about doesn't mean we are not actively engaged. Waiting in the wings until new news.

The way I am looking at this is that the current BOD have put themselves in the corner. Anything less then a performance of the previous board and they will be severely criticised and probably ousted at the next AGM. They have to have a compliant board else auditors won't come on board. That's not good reflection on BOD competence so soon into managing the company. If they don't show great H2 financial figures especially with pioneer floatation coming on stream, well they probably aren't better the the previous BOD, so again they come out in bad light. If they don't declare dividend or a least a dividend policy at H1 figures announcement because both UGC and Prosperity were screaming for them, not good for confidence in BOD. I have been holding throughout this turmoil and I think the next 3-6 months is going to be very positive for SP.

I'm trying to figure out georgeson.com .Confused. Please somebody explain layman terms what I am missing and your suspicions regarding Prosperity.
https://www.prosperitycapital.com/about-pcm/the-team/

L13, by my reading resolution 18 is very dangerous. If you want the old BOD everybody ensure you vote AGAINST resolution 18. If you vote FOR resolution 18, it basically cancels out your FOR votes resolution 1-6, as resolution 18 allows for removal of those elected appointed directors before end of GM on 10 AUG.

Hi All
I own Petropavlovsk shares through AJ Bell and I just received corporate action message to vote. Please DO NOT VOTE via corporate action message or through their mobile app corporate message as it doesn't allow you to vote FOR some or AGAINST other resolutions.

The only way to vote is via sending a secure message once you are logged in. For the unsophisticated, the simplest way to get UGC out and get the old board back in is as KENJ suggested in his Sunday post. KENJ , thank you. I have voted as per below message sent Via secure message to AJ BELL.

Subject Field - CORPORATE ACTION - Petropavlovsk plc - 9597930/10

Message

Meeting 10 August 2020

Please vote all my shareholding as below

Resolutions 1-6 - FOR
Resolutions 7-19 - AGAINST

"On 30 June 2020, during a debate at its Annual General Meeting, the Company announced its intention to put in place a dividend policy in H2 2020, with further updates to follow "

Another positive which many were hopeful, but I was personally realistic hoping for it in 2021. So a dividend declaration at end of full 2020 results seems now very likely.

Smells of desperation by UGC for the next vote at EGM.

Conveniently forgets to mention in UGC statement the increase in voting rights the conversion entails if shares granted.

Dividend policy was proposed by Prosperity for discussion at AGM and not UGC.

UGC ousting of BOD was because they were not effecient and now UGC is saying there actions are to reduce debt load. They could have converted bonds well before the AGM if their intentions were holier. In assisting the company.

My view is UGC statement just does not add up with their actions since AGM.

“UGC recognises the potential of Petropavlovsk, but we believe that one of the company's main issues is its large debt load. To confirm our commitment to the strategic development of Petropavlovsk, we have decided to convert the company’s bonds into shares. This was intended specifically to reduce the debt load and facilitate the adoption of a progressive dividend policy by Petropavlovsk in the interests of all shareholders, especially minority ones’.

PI's will make a difference. It happened before a few years back, I believe. Shareholders got Pavel back into the driving seat after a lot of canvassing for votes. It was only when Pavel got back in was the company able to drive POX and floatation line projects forward with some energy.

I thought below from AGM presentation gives a good sense of direction of travel for company if old board is voted back in.

— Pioneer flotation construction on schedule — Securing third party concentrates — Updated feasibility study underway into Malomir flotation plant expansion — Identify opportunities within own Group portfolio — Complete acquisition of TEMI licences — Transition of mining at Albyn to Eliginskoye — Eliminate IRC loan guarantee — Improve credit ratings — Conversion of bonds and refinancing notes — Dividend policy to be discussed with shareholders and implemented

This is very useful. Also if UGC and Everest are confident about AGM vote then they should not be worried about a re-vote in 3 months time. By resorting to legal proceedings they have exposed themselves and realised they are on shaky ground and probably not confident about getting it there own way at the next vote.

With Everest legal manovwres does anyone think this will prevent production of the H1 statements before the next EGM, an EGM which is also not a given if temporary directors are found to be incorrectly appointed. Or am I wrong holding this view?

https://www.sharecast.com/news/news-and-announcements/petropavlovsk-makes-two-more-management-and-board-appointments--7560869.html

I'm with AJ Bell and voted against Temi purchase and to re-instate the board that was ousted previously few years back to get Pavel back in. I thought the AGM and reinstatement of board was a formality. Had I had an inkling of the shenanigans that might take place at the AGM yesterday I would have definitely voted to keep the board. For those not aware, voting through AJ Bell is simply a case of sending AJ Bell a message once logged in and how you want to cast your vote(s). AJ Bell will confirm back. I will be voting to get all UGC usurpers out.

From Press release Petropavlovsk website re S&PGR statement the following words have been bugging me.

Including by proactively refinancing the 2022 notes.”

Can someone help me regarding these $500m 2022 maturing bonds which are at a high interest rates? Does the statement mean that the company has the option to redeem these bonds early if they can secure favorable refinancing at much lower interest rates or even buy back some of these bonds and cancel?

https://www.sharesmagazine.co.uk/news/market/6974191/Petropavlovsk-welcomes-credit-rating-upgrade-from-SP

Curimo, chill and enjoy the ride. SP will defo go past yesterday's high when half year production/ half results are announced latest but I see going past 35p well before then.