Member Info for Lawrence13

at the lowest price this ever will be is the sanction's imposed by our own government if the sanctions right or wrong had not been implemented , then there would be no excuse to threaten the sale.
I feel with so many Russian based business with some registered on the LSE plus the fact that POGs debt currency is gold and they are still producing that with no issues and plenty in reserve , then to sell would not be because of impossibility to resolve the payment but rather a conscious attempt to use this crisis as a means to acquire the whole comanty and make an absolute fortune in the near future

Anything as long as it isn't waive goodbye to my shares

But this isn't a company that has run out of money its just a technicality of how to pay. Of course I could be accused of saying the present BoD want this crisis as there is now way in heaven and earth this will ever be this cheap again.

Tomski7. Thanks for an oasis of rationality in a vast desert of idiots

Things would turn around. Its my fault as I wanted to hear ramping idiots like yourself thinking they are experts be right but its hard to press that sell button knowing once done it was over

So now Nathan do you get it.

Nathan are you hard of learning. I've explained my foolishness several times now. I've been in since 2012 which started of as a disaster with a new share issue of 5p (still better than now) after initially my first isa investment of 11k at 166p per share. Years rolled by and then we had the first boardroom take over which was a disaster then Kenges Rashikev obtained a 21% holding.
Are you following so far Nathan

Okay Rashikev wanted the old board back , especially as the new hub was almost up and running. So Peter and Pavel came back and around may 2019 gold started to rise rapidly. Up until then I kept the faith and keept topping up knowing gold would keep going up. So in October 2019 POG took off all the way to 40p in July 2020 and then strukov bought Rashikevs 21% and changed the BOD totally unexpectantlyat the summer AGM it was so unexpected as POG was going up like a rocket ship and secretive as general share holders had no idea what was happening behind the scene and neither did the in situ BOD/ Such a bolt out of the blue that the present at the time BOD called for and emergency meeting and the surprise proposals that no one had voted on were now put to the vote of all share holders . Everest who had once sided with Rashikev now sided with struckov and the apathy amongst the private investors was a disgrace . I tried with anotherPI to counter things but no one was interested in fact many welcomed the new crooks taking over. So strukov won the day installed his own people . broke into the Moscow office, threw mud immediately by ordering a forensic audit ( old crooked trick to point the finger at others of the crimes you were going to implement) and by christmas day Pavel was arrested and incarcerated without trial to almost this date as things are going ahead now. Wew had one poor result after another like a flooded mine due to ****e management our 3rd party refractory ore orders had apparently been overlooked as they were to busy framing Pavel and the previous bod.

Okay nathan still with me?

Okay the price of gold had also dropped a tad but by december 2020 POGs price had fallen to 27p. Everyone said don't be alarmed the bod are sorting out the crooked mess of the old BoD and so on. The price continued to fall and I wanted to hear idiots like you ramping things up, I wanted to believe it could get back to 40p and beyond. In late summer 2021 we had the IRC robbery where our 31% stake was sold for $10 million. when it was in fact worth at the time 185 million. This again was sold as a great way to lose liability for IRC, even by now under Peter Hambro it had thrived and needed no liability - did that work....no the share price kept going down. I then hoped a resurgence that was coming would overwhelm the downward trend but it got worse and by February 2022 it reached 14p. I was then on the cusp of giving up and selling and then putin invaded. I blame no one but myself I was lured by the rampers as I wanted to hear

some investor is an apologist for the absolute disaster the current pog board have overseen, it was failing way before putin invaded

rare groove, i'm married to pog but its over and a severe case of unrequited love

"Your not right in the head. Over 13 posts a day on one stock"
and you 36 posts in almost two days which make Mr banker 18 per day wow. I see you got three likes which shows the caliber of some of the posters who couldn't be bothered checking how many you had made. Very poor form

Where about do you live ? I'd be willing to meet you as you as you are so wrong. I'm retired 4 years now

well the only ones in the news

https://www.theguardian.com/world/2022/feb/24/sanctions-against-russia-at-a-glance-people-organisations-uk-us-eu

Yet POG is the only one lining up to possibly sell.........are they sure?

All debt defaults are because people can't make the payments i.e. broke POG is far from that with gold at near record highs. Putin knows that. Akimov certainly knows that so what's the problem, the nuclear fallout solution of selling pog just doesn't make sense when in honest quarters where there is a will from all parties to resolve the issue it would happen no problem. I think the bod are spinning this situation

No:1 https://en.wikipedia.org/wiki/Acron_Group#:~:text=Acron%20is%20a%20global%20mineral%20fertiliser%20producer%20of,are%20Russia%2C%20Brazil%2C%20Europe%20and%20the%20United%20States.

Thought i'd check out the companies on that list at random I started with N0:8 so that checks out

https://en.wikipedia.org/wiki/Magnitogorsk_Iron_and_Steel_Works

It seems to me that the fate of POG and its current shareholders lies directly in the hands of Putin and GPB. Ifv they allow POG and other Russian companies in the same situation to waiver repayments until the sanctions are lifted then POG would see no need to sell anything. It all seems suspiciously to being pushed through.

There I go responding to myslef again ;-)

Now as far as I understand these Russian based companies should face the same restrictions POG faces so if they all should be struggling one is actually part of Gaz Prom Bank. This tells me that GPB and other russian banks can't all be pating their debts on loans. If GPB force the issue with pog alone that tells me its all part of a more sinister plot
entries
Search:
S.No. Company Name Ticker Sector Market
1 ACRON AKRN Chemicals Main Market
2 FEDERAL GRID COMPANY OF UNIFIED ENERGY SYSTEM FEES Utilities Main Market
3 GAZPROM OGZD Energy Main Market
4 GAZPROM NEFT GAZ Energy Admission To Trading Only
5 LENTA INTERNATIONAL LNTA Personal Care, Drug and Grocery Stores Main Market
6 LUKOIL LKOD Energy Main Market
7 MAGNIT MGNT Personal Care, Drug and Grocery Stores Main Market
8 MAGNITOGORSK IRON & STEEL WORKS MMK Basic Resources Main Market
9 MMC NORILSK NICKEL MNOD Basic Resources Admission To Trading Only
10 NOVOLIPETSK STEEL NLMK Basic Resources Main Market
11 NOVOROSSIYSK COMMERCIAL SEA PORT NCSP Industrial Goods and Services Main Market
12 OJSC ROSTELECOM RKMD Telecommunications Admission To Trading Only
13 PAO NOVATEK NVTK Energy Main Market
14 PHOSAGRO PHOR Chemicals Main Market
15 POLYUS PLZL Basic Resources Main Market
16 ROSNEFT OIL COMPANY ROSN Energy Main Market
17 ROSSETI RSTI Utilities Main Market
18 RUSHYDRO HYDR Utilities Main Market
19 SBERBANK OF RUSSIA SBER Banks Main Market
20 SEVERSTAL SVST Basic Resources Main Market
21 SISTEMA SSA Financial Services Main Market
22 SURGUTNEFTEGAS SGGD Energy Admission To Trading Only
23 TAT

source https://bcs-express.ru/novosti-i-analitika/obval-aktsii-petropavlovska-chto-proiskhodit
Shares of Petropavlovsk in today's trading fall by 11%, at the moment the drawdown exceeded 20%. In total, over the past 2 days, the paper sank by more than 26%.

The driver for the collapse of the shares was the company's problems with doing business due to sanctions. Petropavlovsk is registered in the UK, therefore, as part of the country's sanctions against the Russian Federation, the company is prohibited from conducting transactions with Gazprombank, the largest creditor and buyer of 100% of the gold produced by Petropavlovsk.

In addition, due to the sanctions, the company faced additional risks from the Russian side as well - the law provides for criminal prosecution for individuals or legal entities in Russia who refuse to do business with counterparties due to sanctions from other countries. That is, the company is now between two fires, and compliance with sanctions automatically leads to a violation of the legislation of the Russian Federation.

The next negative point is that the company has limited cash reserves outside of Russia, which means that, within the framework of the current restrictions on the movement of capital, Petropavlovsk cannot pay interest on bonds, which will mean a technical default. The company notes that the bonds mature in November 2022 and the issue will be difficult to refinance.

Because of the noted problems, the company said that it was considering the possibility of selling the operating subsidiaries of Petropavlovsk, that is, the main production assets. In this case, the gold miner may cease its activities.

At the moment it is difficult to assess how serious the threat of default on the obligations of Petropavlovsk is. The problem could be resolved with the weakening of currency control in the Russian Federation and reaching agreements with Gazprombank, for example, within the framework of the assignment of rights to claim obligations, termination of the agreement on the sale of gold.

If we consider one of the worst scenarios, when an agreement fails, then the company may sell off its operating assets in Russia. Petropavlovsk is in a disadvantageous position here, so the sale may take place at a discount to conditionally fair levels.

The financial report of Petropavlovsk for 2021 has not been published, but based on the indicators for the first half of the year, the company's capital was $709.6 million, which corresponded to about 14.4 rubles. per share of Petropavlovsk at P/BV = 1x. This is a conditional benchmark of how much shareholders could receive in the liquidation of the company.

As a result, the prospects of Petropavlovsk now depend on negotiations with Gazprombank, the regulator's position on limiting foreign exchange flows. The company notes that it has engaged AlixPartners to help the board of directors explore possible options for resolving the situation.

The real test will be if the company is sold who will be the recipent