Member Info for Lawrence13

Why what did they see they didn't like.

"Law-are you ready to explain to all of us why POG paid such a ludicrous amount for an option to buy the rest of TEMI ?"

How much did they pay?

How much did they pay?

What you've done is explain precisely why the Russian's want POG

and our long working honest indigenous people get FA

When I starting posting two tears ago that all was not right with the new BoD it was R Brand who fought me all the way, if we'd acted then and asked the right questions we could have all pulled out some time ago. I'm only human I was being told how corrupt these bastards are yet many said I was OTT and of course I wanted to believe they were right and I and my contact were wrong. No one to blame but myself but to see those who supported the Bod and its largest share holders are now when too late criticizing them. R Brand should apologise

I raised those two posts by R Brand to show the opposition there was to any critique of this current board

Freddie law1324 Nov 2020 13:56

you two-or is it ONE-embarass yourselves here. I have always wondered if you ever were invested or just amused yourself here. funny you never took pleasure in the sp uplift ?
Anyone who bothered to look at the full info now available must be encouraged ? The local court has seen off ERMO so it is fairly clear who told the truth. M knew only one way to surprise visit and the wrongdoers barricaded themselves in. I dont suppose Strukov et gang are vestal virgins but must be better than Malevolent and his band of thieves. I think we will be grateful they were taken by surprise.
just be patient. i think the sp holding up well given the still uncertainties and the recent big drop in the gold price. some experts wanted it to fall to 1810 from where it would bounce big. find out soon.

"freddie lawrence ****29 Jun 2021 12:07

again you appear together . just one persona related or working for Hambro. What further use are you ? endless sniping , claiming to hold shares while trying your best to do them down. Your refusal to admit the proven fraud tells me everything I need to know.
Of course KPMG as with any report cannot be sensational but their message is crystal clear. The Temi deal was suspicious , now we know what went on. PM is obviously a serious crook whose previous successes in fraud led to it being natural . More charges will be added and he will soon be sorted in court . I won`t take notice of your excuses which will undoubtedly be made lol .You try investigating thousands of dubious entries after the wrongdoers have tried to eliminate as much of the records as they could. That laughable incident where it was claimed the ceo forced his way in to the company`s offices and a criminal action was attempted.
If I sank to your **** you would get worse than you gave me but I don`

That's the issue ,are these obstacles be presented spun, even fictitious. I think its time we got the London Stock Exchange so called regulatory police involved. You all need to write to thse bodies instead of wasting so much time on the trolls out there

So according to John Mann POG has found a buyer for it's gold so does that mean POG is selling it's normal output and saving the money it would have paid to service its debt. Again are they on full sale , they are obviously or hopefully covering the production costs. So that's positive right?

So what's the next bottle neck, the debt? Now in this tangled mess as I understand it UMMC has taken on the debt from Gaz Prom Bank - how does that work , what deal was done as I understood it we avoid the sanctions with UMMC so why haven't we started paying them via is it Norhost bank?

It would seem to me it's in UMMC interest to let POG seemingly fade rather than put an offer to buy. Only that can explain why there seems no will to restructure and arrange for repayment of the the debt they now hold .

So Russia due to the circumstace hasa moratorium on debt but the actuall pog mines opted out?

"in light of the above, the Group's four main operating companies - Pokrovskiy Rudnik JSC, Albynskiy Rudnik LLC, Malomirskiy Rudnik LLC and TEMI LLC - have applied to the Russian government for a waiver of the country's current moratorium on bankruptcy filings. Once in place, the waiver will give the Group additional legal options to ensure uninterrupted operations and payment of salaries and other current expenses should there be any legal action by the subsidiaries' creditors to recover debts owed."

My fear is the Chairman Cameron is mates with Lioustiger who nominated Cameron for the chair position in the coup of 2020.

Well I've had no reply yet ftrom John Mann re my last email asking more or less does the Russian Government and Gaz Prom Bank want to bankrupt POG or help it in these troubled times. Silence on the matter doesn't fill me with any hope whatsoever. Come 'on John prove me an idiot.

That is true Jay. Oh how I would love to be wrong. It wouldn't take much just a nice message from John or better still an RNS in the morning saying we are all trying to resolve this issue and ensure the right thing is done, If that happened and we thought that the Russian system meant no harm to by innocent investors; what a political coup that would be.

Look we agree now on important issues so let's encourage ourselves and others to at least go down fighting

Rusty do you feel all is lost in this surreal scenario

I responded to John's email at 16:04

Thanks John but surely these are extraordinary circumstances that prevail, especially in Russia and surely if the Russian government and Gaz Prom Bank were of good will, they would be making very large allowances at the moment as I guess not just POG but other Russian companies will fold.

I can't help but feel there is not good will on behalf of the Russian government and GBP or have I got this wrong. Information is short coming. The RNS's don't always immediately sink in and click and as you know many feel they tend towards vague.

So are many Russian companies in trouble at the moment and defaulting as a result. Do you feel the Russian government and GPB are of goodwill and exercising leniency towards those having difficulties. More so with POG as we are still producing gold and gold is highly desired with a market that can't be lost unlike other commodities.

Thanks again

Lawrence Jenkins
No response as yet

The reply was round 3:30pm

Our fingertips. Apparently sanction's waived wouldn't help much now. I need to slowly read and digest

"Hi Lawrence



We announced back in May that we had new buyers for our gold.

If you re-read our announcements in order, you’ll see the issue now isn’t so much Western sanctions. The sanctions precipitated everything by keeping us from servicing our Gazprombank debt to the point that the bank called in the loans, before selling them off to new debt holders. The issue now is that the loans are in accelerated repayment, the bond coupons have not been paid, and refinancing anything right now is very challenging. Repatriating money to the PLC to service debt at the corporate level is also an issue due to Russian capital controls in response to sanctions. All this was explained in our statements.



Best regards,

John"

We have been strangled by Putin, the Oligarchs and our own UK government who could waiver the sanctions and help prevent the Russians getting our company. The whole situation is a Kafkaesque nightmare for non russian share holders. We've been mugged