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The dick forces have been misspelled

The 'dark forces' have been dispelled.

Is the moex closed today and LSE forum , is lse showing the correct price. unless some of you are seeing real time share prices

Downbut not out found it

But this is only an assumption. In fact, such a scheme is quite complex and may encounter various difficulties, says Kalachev. Nevertheless, he is sure that some solution to save Petropavlovsk will be found. “In the hope of this, the shares of Petropavlovsk, probably, should not be dumped so cheaply. But it is clear that the recovery of the company's value can take quite a long time, ”the analyst sums up.
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Is it time to sell shares of Petropavlovsk

In the event of a sale of Petropavlovsk's assets, they will have to sell them significantly below their fair value and curtail operations, says Sergey Suverov, investment strategist at Arikapital Management Company. In addition, the inability to service debt obligations may mean a technical default. “The prospect of easing sanctions is not yet visible, and therefore it is better to sell shares on rebounds and shift to calmer stories,” Suverov said.

The sale of operating subsidiaries will mean either a reduction in the scale of activities, or a complete curtailment of production, adds Dmitry Puchkarev, an expert on the stock market at BCS Mir Investments. “A way out of this situation can be found if agreements are reached with Gazprombank with the weakening of foreign exchange controls. In this case, it is possible to restore the papers. Otherwise, it is possible that the company will have to curtail its activities in some form,” he says.

BCS notes that in the first half of 2021, the company's capital was $709.6 million, which corresponds to 14.4 rubles per share. According to Dmitry Puchkarev, theoretically, the situation with Petropavlovsk may be similar to the Lenzoloto case in 2021, when the board of directors recommended paying dividends to shareholders before selling the only asset to Polyus. They exceeded the value of the shares by more than 60%. “In theory, the situation may be similar, but it is not yet clear whether assets will be sold, if so, which ones, and how much they will be able to fetch for them. There is no report for 2021 yet, it is not possible to assess what difficulties the company faced in 2022 due to sanctions. The marked 14.4 rubles is rather the maximum that can be distributed in favor of the shareholders,” says Puchkarev.
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The review "VTB - My Investments" also notes that the sale of Petropavlovsk's assets without a significant discount to a fair valuation is impossible, which puts pressure on share prices. In general, VTB analysts note high uncertainty regarding gold mining companies registered abroad and recommend investing in Polyus, which sells all gold on the domestic market.

The sanctions only exacerbated the already difficult situation of the company, whose quotes were under pressure from a decrease in production volumes, said Alexei Kalachev, an analyst at FG Finam. “We could assume such a rather complicated algorithm of actions: by selling shares in our subsidiaries in Russia, for example, to a large bank that was not included in the UK sanctions list, having thus received funds, we can declare a delisting and buy back our cheap shares on the LSE. Then change jurisdiction to Russia (for example, in the SAR on Russky Island), conduct an SPO on the Moscow Exchange, and exchange part of the shares for returned shares in their companies. But this is

Also, due to Russian restrictions on the transfer of funds outside the country, Petropavlovsk may have problems with payments on bonds. On May 14, the gold miner must pay interest to holders of guaranteed bonds in the amount of $ 12.36 million, and in November 2022 - to repay them. "The Board believes that refinancing the bonds may be difficult," the company said in a press release.

Petropavlovsk "continues to explore the possibility of selling gold, including other potential buyers in the event that GPB waives the pre-emptive right to purchase." The company is also considering the sale of a stake in production assets.

Amid the company's troubles, on April 12, S&P downgraded the gold mining company's long-term credit rating to SD (selective default). The agency cited non-payment of interest on a Gazprombank loan as the reason for the downgrade.

At the end of 2021, Petropavlovsk’s production decreased by 18% to 449,800 ounces, according to this indicator, the company is in the top five among Russian gold miners. Petropavlovsk was founded in 1994 by Pavel Maslovsky and Peter Hambro (at first the company was called Peter Hambro Mining). In 2020, a corporate conflict occurred in the company, as a result of which Maslovsky left Petropavlovsk. The largest shareholder of the gold miner is Yuzhuralzoloto (UGK), owned by the family of billionaire Konstantin Strukov. In March, the purchase of a stake owned by YuGK (29.2%) was announced by Sergey Sudarikov's Region group, but in April it became known that the deal was cancelled. The main assets of the company are located in the Amur Region - the Albyn, Pioneer, Malomyr plants and the Pokrovsky enclave hydrometallurgical plant. The capitalization of the company on the Moscow Exchange on April 18 amounted to 34.6 billion rubles.

Risks of default and sale of assets: what to do with the shares of the gold miner Petropavlovsk

Elena Ruzleva Forbes Staff

Petropavlovsk Photos
Russian gold miner with British registration Petropavlovsk found himself in a difficult situation due to British sanctions against Gazprombank. The company has problems with the sale of gold and debt servicing, it is threatened with default and the sale of operating "daughters". What is happening with the gold miner and what should investors do with his shares?
foreign sanctions

In the spring of 2022, gold prices approached $2,000 per troy ounce for the first time in a year and a half. However, this did not mean an explosive growth in share prices for all gold miners. Papers of the major Russian gold miner Petropavlovsk on the Moscow Exchange have more than doubled in price since the beginning of the year - from 19.5 to 8.76 rubles per share (at closing on April 18). At the end of February, the quotes of the company's shares, as well as other securities included in the Moscow Exchange index, collapsed after the start of the "special operation" * in Ukraine - to 9.7 rubles. After the resumption of trading at the end of March, the price of securities began to recover quite quickly. However, over the past five trading days, the company's shares have fallen in price by almost 30%. In London, where the company has a primary listing, Petropavlovsk's shares collapsed more than sixfold in late February and have not recovered since (April 14, the last trading day before Easter holidays in Europe, they were worth 2.48 pence).

The reason for the April collapse of Petropavlovsk's papers was British sanctions, but not against the company itself, but against Gazprombank. On March 24, London imposed blocking sanctions on the bank, providing for the freezing of its assets, as well as a ban on doing business with the bank. As a result, the gold miner faced difficulties in marketing and problems with servicing credit obligations.
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Petropavlovsk warns of debt service problems due to sanctions

The very next day after the imposition of sanctions against Gazprombank, Petropavlovsk disclosed that, under the terms of a $200 million loan provided by the bank, the company must sell all the gold it produces to the bank, but after the imposition of sanctions against it, it cannot do this as a British legal entity. Later, Petropavlovsk reported that at the end of March, due to sanctions restrictions, it was unable to make loan payments to the bank.

At the same time, Petropavlovsk also has an ambiguous position in the Russian legal field. This is due to the fact that Russia is discussing the introduction of liability, up to criminal liability, for the implementation of sanctions against the country. In this case, the gold miner will not be able to guarantee that subsidiaries will comply with the sanctions, the company noted.

Also, due to Russian restrictions on the transfer of funds outsi

Morning all. I was awake laying in bed using the mobile which is awkward to use and needs the password for LSE.. Okay no news at present I see rare groove has changed his 'dark forces will be dispelled ' to now 'defining news one way or another'. Anyhow strap into the POG roller coaster for another day- at least.

I note two people have recommended RBrands most recent post, maybe they would like to explain what he's on about

Before the 7am RNS and the 8am market opening.

I fear the worst that a bunch of Russian crooks are taking the bizarre Ukraine Russian war scenario. I think the greedy untalented and thuggish post-soviet union collapse crooks,, have had their eye on POG for several years. The war is a brilliant screen cover for them to acquire the company for peanuts at a cost to the share holders. I've listened to many reasoned arguments as to what say GPB need the debt payments serviced but somehow I think pog will go the way of its IRC stake. I'm orf to bed now and I'm tempted to sleep in all day tomorrow to avoid bad news.

Here's another clue for you all...the walrus was Paul

I know nothing of Temi at this point I will try and find out.

https://www.youtube.com/watch?v=IeDMnyQzS88

I ave other stuff . I'd have to check on H&L but i can't bare looking

Down and out I don't fully understand what you are asking but I have 1.7 million shares I haven't calculated the average price, it used to be 10p I believe

DShox and others who know about these things. If someone does buy POG is that it for the current shareholders are they offered a price and the Bod accept it or does it go to a vote . Buying is different from a take over right

Sorry but can't get too confident yet cos no matter what can wrong Pog always finds a way to go wrong. Hope I'm wrong instead of Pog. I'm dreading looking tomorrow morning at about 7am and then if no rns at 8:20 if that all goes fairly smoothly we then have Fridays trading update . Its like playing monopoly when you have to face the the green and purple properties each with a hotel,

is it mocking us, will it help or is it that the lse is closed

There's nothing for either POG or pog