Member Info for Lawrence13

Exactly Rusty

Yes the man has a Lescrou in my opinion

Not my line but it needed to be read.

I would further add although I know POG hedged the dramatic drop in the price of gold isn't helping very much.

I've very disappointed so far by the reinstated board. Okay I know they yet again have to settle in and so forth but the thing I didn't like about the 2017/2018 board was lack of communication /information and now the reinstated BoD seem even worse. As KRSS says what's happening with IRC debt and POG debt.

Its not that Les its that you've given the impression you are a POG insider by linking a very old video that POG didn't actually resurrect , then a video of apparently POG's processing plant and then a video claiming to be in the Amur region where you miraculously find several large gold nuggets yet curiously there was no sound to that video . I know we've all bought into POG but that doesn't make total idiots

Oh yes 9p to 6p , only 30% i had a doh moment ha ha" Well with POG it won't be a 'dough' moment as it will be worthless at this rate

Yes Kenj I saw that too and thought consistency and truthful videos are not Mr Lecrous forte

Looking at the amount of deciduous tree leaf shed, autumn has come very early to the Amur region

So who are you Lescrou ?

"Its a nice historical piece - wonder why video from 2014 is being published in Aug 2018 ?
Perhaps this is Pavel trying to generate some good PR ."

Don't think so as the video isn't linked on the POG website

That autoclave fellah looked a dead ringer for Alex Ferguson. Hmmm......Gold Trafford

NIET!!!!!!!!! You're stealing my act

"People should NOT be rewarded for failure." Unless od course you're a women who's marriage has failed regardless it being their fault or not.

Now I've just found out from a knowledgeable chap called book5 on another POG forum that

"A director has four days to inform the company of share trades, and the company have until the following day close of business to RNS it. They are also in a "closed" period for 60 days preceding announcement of figures. Insider trading rules also apply. Can be very tricky for directors and if found out can go to jail"

So we will have to be informed when or if Pavel acquires those shares..

Yes I can see that you are.

Paul: are you referring to the latest RNS ?

But back to my original question :if pavel were to buy up 10% of the shares would we see it on the trades?

It was 10% not 20

It was from this Russian article back at the beginning of July after the AGM Here's the article link https://www.kommersant.ru/doc/3674890 and google translation

"gold-mining Petropavlovsk again completely replaced the board of directors. Owners of 40% of the company, including its largest shareholder Kenes Rakishev (22.4% of shares), returned to the council of co-founder Petropavlovsk Pavel Maslovsky. He himself is confident that he will lead the company and again become its shareholder. The strategy of Petropavlovsk also changes.

On June 29, Petropavlovsk shareholders completely replaced the board of directors appointed in June 2017 by Renova Viktor Vekselberg and a number of investment funds (Renova and Prudential have already withdrawn from the company's capital). Co-founder of the gold mining company Pavel Maslovsky and independent directors Roderick Lane and Robert Jenkins returned to the council. 52% of the participants participated in the change of the council - owners of about 40% of the shares.

It was known that for the change of council are Fincraft Kenes Rakishev (22.4% stake), CABS Platform and Slevin (cumulative 9.1%). Sources said Kommersant that Prosperity Capital Management can support the change (about 6%, the topic is not commented on). Kenes Rakishev told Kommersant that, in his opinion, the update was supported by Petropavlovsk's second co-founder Peter Hambro and "private shareholders who have known the company for a long time".

Pavel Maslovski told Kommersant that he will take the post of the company's CEO and will again become its shareholder: "I sold my shares when I saw what was happening in the company, but now I will buy, I see the optimal package as 5-10%." The capitalization of Petropavlovsk on June 29 was £ 263 million, or $ 347 million, that is, Mr. Maslovsky could spend up to $ 35 million on the purchase.

According to Pavel Maslovsky, the main task of the company for the next year and a half is the launch of the POX (autoclave) and the preparation of the production of resistant minerals at the Malomyr, Pioneer and Elginskoye fields. As Kommersant wrote recently, Polymetal suggested that the board of directors of Petropavlovsk buy out POX for $ 250 million on terms of financing the completion of the asset and an offtake agreement for the purchase of concentrate. But Mr. Maslovsky told Kommersant that "the sale of the autoclave now, when the main costs are made, does not make sense." "Several years ago we discussed the topic with Vitaly Nesis (the head of Polymetal.-" Kommersant "), when Petropavlovsk had no financing for the project, credit restructuring was due, but then I was ready only for partnership, not for selling the autoclave, - he said. Polymetal declined to comment. The source of Kommersant, close to the company, only recalled that Polymetal "was waiting for the acquisition of Kyzyl and Bakyrchik in Kazakhstan nine years after the first offer."

Kenes Rakishev, the largest sha

Its said that Pavel wants to purchase 20% holding in shares. Will we see this in the trades ?

POG's website showed nearly a 5% rise at one point but here LSE has only just woken up