Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Maybe the Bod are playing a blinder, trouble is knowing what I know that hope doesn't last long. I'm busy the weekend but tomorrow Ill get that petition started
I would add remember how the UK government bailed out the Royal Bank of Scotland and they still want independence
@Kheldar another well thought out post but I would like to respond to this paragraph
"As I've said before if we pick a fight with the government about the sanctions we will lose. Even though there will be sympathy people are too afraid to say anything in case they are accused of being Russian appeasers. "
I don't believe any POG losers were opposed to sanctions but in the case of POG they had the opposite of the desired effect i.e. they will strengthen Russia as they will now sell the gold. And don't forget Pog is still theoretically a UK listed company and would have paid corporation tax as well as having thousands of pi's.
Even if the sanctions against us had have been effective it still wouldn't have been fair that a small group of UK investor's have had to pay such a high price for our countries political position more than any other UK citizen
I never thought Pog would return to it's glory days but if the sanction's were lifted it would have made it much harder for the Akimov, strukov, Lioustiger and Cameron trap to be sprung , we could have all salvaged something. What's happening now is pure bloody greed aided and abetted by Her majesties Government. I showed some friends the face book message I left for Liz Truss's staff to read and my mate warned me it almost amounted to hate speech because I said the her and Boris had defecated on their own people. This is the west now under mass globalist ideology no one is allowed to lose there temper even is justified. Your government actions mortally torpedoed the hull of POG just what the Russian's wanted as they will claim a bounty that was on board and yet as in my case 272K disappeared in three months of sanctions and I'm meant to be careful that my anger is twisted and spun into hate speech?
As long as he looks after fellow united fans like myself
It's just that its hot and I had to appear at magistrates court today to challenge a speeding fine from last May that I didn't know about until this March as Maidstone police had sent all the penalty notices to my previous address which at the time was a building-site going through a conversion.. The fine had ratcheted up to over £800. Also (the petition) It needs writing up. I'm prepared to do so but there might be someone else who's prepared to get this thing going and write it better than I could, But if you do I belive the emphasis is that our own Gov put us in this **** regardless of wheter you agree with sanctions or not, theses sanctions didn't do what they said on the tin. No. They destroyed UK investors and gave a beautiful gift to Putin.
I never said there was a petition I said we can start onen using that web site which offers the ability to do so.
There is a change org petition page where we could get UL pog losers to sign
I'm invested 10 years in a UK gold mining company operating in Russia, It's called Petropavlovsk Plc. The UK gov sanctions prevented this UK company from selling gold and servicing its debts. I've contacted Ms Truss twice but no response, I've also met with my local MP Sally-Anne Hart who wrote to the then minister of North America and Europe James Cleverly,. My issue is this: the actions by my government has pushed Petropavlovsk into administration this Tuesday last. Pre sanctions my shares were worth 272K now they are worthless. You could have given my company a waiver as this would have hurt Putin more , but no you have destroyed UK share holders savings and given the mines and the pox hub oxidisation plant to the Russian. I am going to campaign for compensation and speak out against you ever getting near any leadership as you have defecated on your own good people
"Looks likely that shareholders aren’t going to get anything from the liquidators which is a shame. But we all knew this was a high risk investment. "
You might of pal as UI can tell from your 70 posts , so speak for yourself
To Let You Know Pre Sanctions I had £272k now Nothing3
Yahoo/Sent
lawrenceTJ13@sky.com
To:Sally-Ann HART,Thomas GUYTON-DAY,Customer Contact Centre,Complaints Scheme,FCDO Correspondence (Sensitive)
Wed, 13 Jul at 19:11
----- Forwarded message -----
From: lawrenceTJ13@sky.com
To: GUYTON-DAY, Thomas
Sent: Wednesday, 13 July 2022 at 18:39:03 BST
Subject: Re: Lawrence Jenkins
Hello Guyton and Sally-Anne
Please let it be known that the reason for Petrpavlovsk Plc (POG) Going into administration was the clumsy way of target Government sanctions that prevented the company from selling it's gold and servicing it's debts. This wasn't Russia doing this it was my elected government who easily could have given Pog a waiver and allowed UK share holders to salvage some of their savings.
The PM and Foreign Secretary Boris Johnson and Lizz Truss chose to destroy the UK shareholders so they could virtue signal how tough they were on Putin when in fact they were cruel and dictatorial to their UK citizens making them extract the price for their sabre rattling.
So the blame falls squarely on the shoulders of the aforementioned PM and FS, there fore I feel it's wholly appropriate that Long Term UK Share Holders be offered compensation from those that destroyed them..
Pleas see below an article from the Financial Times in which I am quoted.
I will not go down without a fight , I lost my life's saving because of the sanctions essentially with this present government giving them to Putin.
FT article below by Neil Hume
Petropavlovsk plans to file for administration this week as the indebted gold producer struggles to refinance its borrowings and seeks a buyer for its mines in Russia’s far east. The company, which on Tuesday asked for trading in its shares to be suspended in London, said it would seek a hearing at the High Court in the “coming days”. Its move to appoint Opus Business Advisory Group as administrator is the latest twist for the company that was once the biggest gold miner listed on the London Stock Exchange and almost clinched a place in the blue-chip FTSE 100 index. Petropavlovsk was founded in 1994 by Pavel Maslovskiy with Peter Hambro, a scion of the London banking dynasty, and is one of Russia’s biggest gold producers. But after years of boardroom turmoil as a succession of wealthy businessmen took large stakes and fought for control of the company, it has been brought down by the war in Ukraine. The company was plunged into crisis this year after the UK imposed sanctions on its main lender Gazprombank following Russia’s invasion of Ukraine. It had been one of the few Russia-focused groups with shares still trading in London until they were suspended on Tuesday. Petropavl
Finders keepers I've just emailed my MP again plus a host of other contacts, send me the link. We have to fight tooth and nail to get the UK shareholders case raised. It's a disgrace how the UK government has treated own people
Kheldar 14p a share would be a dream now after all that's happened . I'm still pursuing the line of our government shafted us and should compensate if we're left with nothing. We all need to keep raising POG's profile and problems as a result of the UK government.
There's an importance beyond Petropavlovsk shares here. Which is that this shows that even if the results of sanctions are possibly unfair – POG itself wasn't doing anything wrong, it's western shareholders who are losing out – those rules are not going to be changed. This has possible implications for Eurasia Mining, Polymetal and so on. There is no get out clause, no “But that's not what we meant” in these regulations. Petropavlovsk has made entirely clear over the months what might happen to it if there was not a variance – and no variance came. The risk on all Russia related shares just rose.
NOTICE OF TEMPORARY SUSPENSION OF LISTING FROM THE OFFICIAL LIST
12/07/2022 07:30
TEMPORARY SUSPENSION
Petropavlovsk Plc
The Financial Conduct Authority ("the FCA") temporarily suspends the securities set
They could tell us anything, we have no way to disprove them Goof email though, but face it max just threw figures to basically say we're going to get nowt.
@Furion
Yes that's the gist of it , did the BoD want to save POG. How could our Chairman who was installed by Everes's Lioustiger be independent they are pals
So that would mean the in administration POG could be thriving?
I take it the mines are still producing gold ?