Member Info for justdriftin

Monkey…Selling abroad logistically is very costly / way more hassle, and all non-russian customers want at discount. (polymetal stated this at their agm)

Much more profitable to sell in Russia!

Hopefully ALIX partners are the answer to pogs current boardroom battles……

As any threat from them of admin / bankruptcy (if pog runs out of cash) has got to hurt:
gpb
Ummc
Strukov
bondholders
employees
as well as
us shareholders

Gpb hasn’t given the waiver voluntarily (as they could of done this 6 weeks ago)

They had no choice

Getting the waiver was the game changer.
- to avoid pog running out of cash very soon

but this can be revoked at anytime by gpb

So the same problem that has plagued pog for the last 10 years still exists….. control of the company!!

but.. prob worth noting because gpb were such a big buyer of gold before the war, there are now more sellers than buyers in russian - all russian miners now fighting for the same non sanctioned customers = discounting

Russia doesnt have a export BAN on gold, persee.
It’s common for most gold miners to sell 100% directly to banks / central banks - even polymetal does this with its Kazakhstan operation (100% sold to kaz central bank) - so pog never needed export license.

Gpb our offtaker = can’t sell to them anymore
waiver = can sell to others in Russia

Getting Export license is NOT important anymore

Selling abroad logistically is very costly / way more hassle, and all non-russian customers want at discounted. (polymetal stated this at their agm)

Much more profitable to sell in Russia!

to ISA or not to ISA - got to make a profit on your investment first before you pay any tax. God willing pog obliges. Sunak can then have his cut

This article is about adr’s for russian companies

Pog is uk company we don’t need exemption to keep lse listing - lse is our main listing

Nationalisation is also a fantasy. (only given oxygen by pog pi’s…..)
Never goin to happen. Total Boll.ocks.

Especially for a company with no critical importance to russian security or economy.

Would send shambolic signal to all other foreign companies with operation in Russia they are next
Renault / VW / McDonald’s etc
Bluff and bluster from VP are one thing doing it another

+ POG has not suspended any operations in Russia during this war like Renault / VW / McD’s - so why do you think we are first on chopping block??

It’s the russian oligarchs / crooks fighting for control who pog should be worried about
Akimov- gpb
Strukov - our in house oligarch
Makhmudov - ummc

have we now made the interest payment of $560K on the $200m ‘term loan’ assigned to UMMC ?

someone order an uber to drop off the 10kgs of Au from pog towers to ummc
''keep the change you filthy animal''

Pog’s immediate future back in own hands!
gpb and ummc can’t affect us short-term now!

GPB obviously can’t pull plug for whatever reason
Ummc $200m debt has no leverage on pog anymore

Got to be a T.O. or J.V. by ummc on OUR terms now

Means max payout : YESSSSSSSSSSS

Potential risk of POG running out of cash very soon and the threat of 8000 russian jobs / families going down the pan has forced this climb down by gpb.

Great negotiations from POG side

Why no news in rns ….have we now made the interest payment of $560K on the $200m ‘term loan’ assigned to UMMC ?

……’that Petropavlovsk HAS been able to sell gold to third parties’……says pog IS already selling it

Getting the export licence is NOT important anymore

GREAT NEWS

great news from rns……

1…’that Petropavlovsk HAS been able to sell gold to third parties’ - we are already selling it -TICK

2…’and the Group HAS identified new buyers’ TICK

3...’as well as APPLIED FOR a gold export licence’ TICK

4…..’the current moratorium on bankruptcy proceedings in Russia’ - nice safety net here TICK

5…’would……limit the Russian subsidiaries ability to meet obligations to employees and suppliers’
VP dont want media story of 8000 job loses. TICK

6. Ditto above - any media story implicating GPB or RUSSIAN authority forcing a foreign company out of business is a bad look for doing business in Russia TICK

7. Ditto above - sanctions against Russia worked…companies going bust…. would be bad look for VP. TICK

Jcreek, fyi - it’s russian oligarchs trying to take control of pog (uk listed company) not us trying to ‘greed grab a russian company’

these crooked ruskies want us for peanuts, bust or on moex - all get us fcuk all by the sounds of it. no other exchange would touch us we are in default

jcreek ok mate you prob right

so if GPB/UMMC are 'unfriendly' as VP puts it

Our bod/advisors have to get aggressive now....
they have to threaten GPB/UMMC that they will put pog in administration (and ultimately liquidation) unless a proper payout is given to shareholders.........
- i know us shareholders would be the last on the pecking order to receive anything in this scenario,
but we got to make GPB/UMMC fear they may loose their $280m aswell.
If we go down they go down..... along with strukov/akimov and whoever other ov their is.
We are already at rock bottom / not much more we can loose!

Get a deal done, so we can all move on with our hard earned or burn with us.

Just another of my thoughts
lse delisting... (not saying its correct perhaps others have had experience & know better)

If pog is delisted from lse, either voluntary or forced to by non-compliance, by these bandits trying to snatch control, we would still own the shares - no one can take them from you. so they will always have some value, how much is the million dollar question, but they would only be worth zero IF the company goes bankrupt - to be fair defaulting on loan repayments or being unable to trade (sell our product/ gpb holding the cards here) could trigger this, but we're in uncharted here with sanctions/war so if our protectors (bod/advisors) were worth their salt they should be able to challenge that, as it was before the sanctions a very viable going concern.
Anyway if the company emerges unscathed (i.e. no bankruptcy) pog is still worth something
- fcuk we're only worth £60m now, so how much worse can it get! surely we'd get this much value back.

If pog is delisted from lse and moved to moex voluntarily by the ruskies (again assuming no bankruptcy) - we still own the shares and they would have to be bought from us / or we would be given shares in new listing/company .... how we would trade these though is a tough one.

POG (lse) & POGR (moex) are the same security ISIN code GB0031544546
eventually, some time in the future the moex price has got to find parity with the lse price..
when ??? your guess is as good as mine.
but those ruskies holding shares on moex are in for a shock if it plummets to lse levels, as they still value the company @ £ 325m
so why are they not worried, yet we are?
we've already taken the hit and are living with it !

its a very lively exchange at any rate, saying its not pog's main listing

are we sure there is no arbitrage going on here?
has someone on lse found a back door way of shipping our shares over to moex to sell there?