Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From a previous RNS: "The Group has substantial commercial and financial relationships with GPB and its subsidiaries, including a US$200 million committed term loan between the Company and Bank GPB (JSC) (the "Term Loan") and circa US$86.7 million in revolving credit facilities made available to certain of the Company's subsidiaries in Russia. It is a condition of these facilities and the Term Loan that GPB acts as an off-taker of 100% of the Group's gold production"
Does this mean the offtake transfers to UMMC along with the loan? Any views?
Wrong - POG is not sanctioned
Yes - Aiminghigh2021
Just filter him - I've done the same a while ago and all I see is a LOT of green boxes sprinkled over the page
Could the company delist from LSE and just have the single listing on MOEX? So sanctions no longer affect us? Or would that not work
I would actually not mind if they delist and relist in another more friendly jurisdiction
Rebs if your comment is directed at me - that's not what I was saying (and I was joking)
Maybe the MM can donate some of their profits to POG
That would solve the funding for the interest payment in May!
Was just going to say the same - a 45% spread?!
It's safe to look now. I think.
Good luck today Lawrence and all other Pogonauts
Let’s see if this works - remove the space before the + sign
t.me/ +hnb9qp6nDcxlMTdk
I think POLY has enough issues of its own to take POG on IMO. But you never know
I think one aspect that’s unique to POG though is the exclusive offtake with a sanctioned entity (GPB). But as others said it is purely for technical reasons that the relevant payments cannot be made. Let’s hope a solution can be found
Slightly out of the box idea here, but could they voluntarily delist in London and relist in a different jurisdiction? So that UK sanctions then do no longer apply? I’m guessing that would be a too time consuming and complex process
I think a buyer could redomicile the company to a jurisdiction other than the UK where there are no sanctions on GPB. That would solve the gold sale and GPB debt issues. The capital controls issue still remains but I’m sure could be solved once the GPB issues are fixed
Agreed - though if they sort out the GPB debt and find a new buyer for the gold I would expect this to go north of 4-5p
He’d have my vote
Well let’s hope for a good outcome - so that you atleast recoup some of your losses. Fingers crossed