Member Info for Lawrence13

Barrick Gold seems to have done well. \because of poor management our gold production fell. There's plenty of standard gold in pogs mines. Our only hope is is Gold soaring which will drag POG up kicking and screaming. As Barrick's CEO Mark Bristow says all the signs are that gold has to rise as a result of the wholesale printing of paper value.
https://www.youtube.com/watch?v=MmlwHuqQogc

In my attempt to at least do something by rallying the troops here and drafting a letter to the board and circulating to the other larger share holders; has failed at the first hurdle I had two responses from other worried private investors who can see their shares value dwindling. It would seem others aren't that concerned . Oh well.

Rsty stated " I would suggest that strukhov, as a major share holder would prefer the share price to be 50p plus rater than less than 20p for obvious reasons. "

Not if he's planning to buy the lot which would now be 25p

I think I found June 22nd 2021 (just before another drop) at 25p. They did buy shares of Boham if I remember correctly but I'm sure the price was disclosed and whether that falls within the rules

Here's the take over panel city rules

https://www.thetakeoverpanel.org.uk/wp-content/uploads/2021/06/154384_-016_-The-Take-Over_Bookmarked_5.7.21.pdf?v=28Jun2021

Off course I may have misinterpreted that and would like others views. If I'm right didn't bonham just before the AGM sell shares to UGC. I wonder how mush for

That UGC in concert holding over 30% of the shares may make mandatory takeover bid. If they do as I understand thy will have to offer all share holders the highest price they have paid for shares in the previous to takeover procedure last 12 months. Now I may have that wrong but here are the Taker Over Panels rules and 9 in particular

9.5 CONSIDERATION TO BE OFFERED
(a) An offer made under Rule 9 must, in respect of each class of share capital involved, be in cash or be accompanied by a cash alternative at not less than the highest price paid by the offeror or any person acting in concert with it for any interest in shares of that class during the 12 months prior to the announcement of that offer. The Panel should be consulted where there is more than one class of share capital involved.(b) If, after an announcement of an offer made under Rule 9 for a class of share capital and before the offer closes for acceptance, the offeror or any person acting in concert with it acquires any interest in shares of that class at above the offer price, it shall increase its offer for that class to not less than the highest price paid for the interest in shares so acquired. Immediately after the acquisition, an appropriate announcement must be made in accordance with Rule 7.1.(c) In certain circumstances, the Panel may determine that the highest price calculated under paragraphs (a) and (b) should be adjusted. (See Note 3.)(d) The cash offer or the cash alternative must remain open for not less than 14 days after the offer has become unconditional (see Rule 31.2).
NOTES ON RULE 9.51. Nature of consideration
When an interest in shares has been acquired for a consideration other than cash, the offer must nevertheless be in cash or be accompanied by a cash alternative of at least equal value, which must be determined by an independent valuation.When there have been significant acquisitions in exchange for securities, General Principle 1 may be relevant and such securities may be required to be offered to all shareholders: a cash offer will also be required. The Panel should be consulted in such cases.
2. Calculation of the price
(a) The price paid for any acquisition of an interest in shares will be determined as follows:(i) in the case of a purchase of shares, the price paid is the price atwhich the bargain between the purchaser (or, where applicable, the purchaser’s broker acting in an agency capacity) and the vendor (or principal trader) is struck;
RULE 9 CONTINUED

R Brand : Have you been on the sauce, none of that makes sense

Oh well we've now gone below 20p what a success our new dynamic team has ,

Ive tidied it up

Joint Stock Company
“Uzhuralzoloto Group of Companies” 950,935,855 24.39
Prosperity Capital Management Limited (a) 434,417,617 10.9
Everest Alliance Limited (formerly known as CABS Platform Limited) 251,517,537 6.845
The Russian Prosperity Fund (a) 238,499,298 6.49
Sova Capital Limited (b) 175,000,000 4.42
Société Générale SA (SG SA) (c) 18,455,115 0.56
Slevin Ltd 150,517,537 3.86
Norges Bank 148,049,862 3.74

(AS
AT 31
DECEMBER
2020)
%
VOTING
RIGHTS
(AS
AT 30
APRIL
2021)
AT 31 DECEMBER 2020
AT 30 APRIL 2021

Joint Stock Company
“Uzhuralzoloto Group of Companies” 950,935,855 24.39 950,935,855 24.39
950,935,855 24.39 950,935,855 24.39
Prosperity Capital
Management Limited (a) 434,417,617 10.98 434,417,617 10.98
434,417,617 10.98 434,417,617 10.98
Everest Alliance Limited
(formerly known as CABS Platform
Limited) 251,517,537 6.845 251,517,537 6.845
251,517,537 6.845 251,517,537 6.845
The Russian Prosperity Fund (a) 238,499,298 6.49 238,499,298 6.49
237,416,967 5.99 237,416,967 5.99
Sova Capital Limited (b) 6,600,395 0.17 175,000,000 4.42 181,600,395 4.59
6,600,395 0.17 175,000,000 4.42 181,600,395 4.59
Société Générale SA (SG SA) (c) 18,455,115 0.56 108,429,907 3.28 4,065,911 0.12 130,950,933 3.96
18,455,115 0.56 108,429,907 3.28 4,065,911 0.12 130,950,933 3.96
Slevin Ltd 150,517,537 3.86 150,517,537 3.86
150,517,537 3.86 150,517,537 3.86
Norges Bank (d) 120,224,817 3.03 28,546,818 0.72 148,771,635 3.75
148,049,862 3.74 148,049,862 3.74

I've had one contact so far. Come folks lets see what e can do

We started this before very recently but it always peter's out (pun intended). We need to formulate our concerns and write to the other 63% of share holders. I'm willing to do it but I just don't have the technical nous to do it justice. I was hoping for help from the same person who told me there is plenty of standard mined gold left in the POG mines. However we need to formalise our concerns sign and send to all the other share holders. Now I have no clue if enough sign the concerns letter if a special/emergency general meeting can be called. But we can't sit idly by and watch this go down the drain. Over on advn we can personally message. But we need to get this ball rolling soon. To start here is my email address

lawrence13@sky.com.

Come on lets make a fist of this.

KRSS. I understood it that IRC owed Gazprom bank money not POG

2013/14 was a horror show

When Strukov and Everest threw out many of the previous BOD members and I have to say the new team have done a fantastic job in cutting the SP in half. It was so good to get rid of the crooks that criminally took us to a shocking share price of 41p and now with pavel banged up the new honest bod can pat themselves on the back for lowering the share price value by 50%. Now my old mate RBrand was convinced the new lot would falter in their destruction of POGs value and the SP would rise, but I always said 20p was on its way and strukov's dynamic team haven't let me down yet.

Mind you Freddie I would love to be heading back to the teens

Well are the current BOD via the KPMG half completed report suggesting that Hambro is guilty by association regardless of the fact he seems to be doing a great job at IRC as chairman? A dichotomy I would say.

At least on the Titanic as the ship sank the band played on.

John Mann's Reply To My Request For the Sale and Purchase Agreement between Petropavlovsk PLC and Stocken.

John Mann
To:lawrence
Mon, 2 Aug at 13:49

Hi Lawrence



I consulted with corporate counsel and, as you might surmise, agreements and contracts entered into by the company generally have confidentiality clauses that would preclude complying with your request. Furthermore, there is the concern of ensuring that all shareholders have equal access to public information. Therefore, I will have to refer you to our past public statements on the IRC/Stocken transaction. If there are any new developments, we will, of course, notify our stakeholders in due course.



Nevertheless, please be aware that I have noted your concerns and relayed them to my colleagues.



Best regards,

John