Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
But think how nice it would be to recover to 1600p - puts others estimates to shame ??
For Info re Coal
Rasp Accounts
http://www.raspadskaya.com/investor/statements%20/statements1/statements12/
Segmental analysis on p27/28 of 2021 Accounts
Europe sales - 11%
EVRAZ 68%
For Info
You can read about the Big Mac and compare here
https://www.economist.com/big-mac-index
Final trade per LSE was reported as 3.85 - 612,323 shares
https://www.londonstockexchange.com/stock/POG/petropavlovsk-plc/company-page
After approval at the AGM the dividend can only not be paid if they go bust - they cannot at that stage say we don't want to pay it now - if they don't pay it shareholders are entitled to sue for it
see @offmessage 17:33
A Final dividend is legally binding - an interim dividend isn't which is why EVRAZ could and did pull theirs.
Dividend policy does not refer to it being determined by the share rather profits and liquidity requirements (which would be only reason to reduce the declared dividend)
https://www.polymetalinternational.com/en/investors-and-media/shareholder-centre/dividends/
Problem will be note able to pay all shareholders
BP have not written it off as worthless; rather they now account for it as a fair value asset rather than the investment in an associate. It will be valued at the market value of the shares as quoted on the stock market subject to any discounts due to the volume owned
Forgive me Lawrence but your post refers to 2017 problems - what is the source? Is it current or simply an old article? I understand it may be relevant but is it current?
POG knew they needed to refinance there bonds that fell due in 2022 (see the commentary in the 2020 Financial Statements) - a a new shareholder knew that was going to be needed.
The initial deal with GPM suggests there is a significant free cash flow ($200M repaid over 18 months) and that will/should enable the company to refinance at significantly better terms than the existing bonds (8 1/4%) - as they reported the GPM loan was at a better rate (without actually expressing what the rate was - if it was Moscow rate with it increasing to 20% we are bug*erred!!)
Agreeing to sell output to GPM is I imagine a normal part of the refinancing agreement
We will just have to wait till the dust settles
Unfortunately for the people of Kazakhstan that wont change the worlds demand for gold - in fact the conflict may simply have increased it; hence as a gold producer POG will likely to be an unfortunate beneficiary of an obscene action by the Russian government
Lets worry about now not was - and lets be honest there's a lot to worry about
RA may want the dividends for a new football club
Also note if they reduce the free float to less than 25% they could be delisted as wont be complying with LSE requirements - though I see they are proposing that is reduced to 10%