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Looks to me like the bond holder will take it all... once again ;(
OUCH
honstely, I do not understand. This essentially means that a Russian bank would be buying the gold from POG at market value and then sell it at discount to the central bank at a discount?!? I don't think so...
What will happen is, banks will buy it at a discount from POG since POG needs the money to operate. I don't see how this is good for us. This to me means that they need to find a buyer in India or China. What am I missing???
I am not worried about the FT article. What worries me is that China might now also start delivering needed materials and semiconductors to Russia. This will prolong the war. Look at Chinese stocks today. Someone needs to remove Putin from office and stop this…
Stop watching the share price and turn on BBC/CNN. When the war ends you get your 10p. Until then it‘s just grinding time…
This will continue to drop slowly or stagnate here until the war is over. This might be in 3 days or 3 years. I have no idea
I am seeing this being traded in Frankfurt for 4c ?!
Petropavlovsk PLC https://g.co/kgs/kPSArQ
Also, in Tradingview I See the Russian Price:
https://de.tradingview.com/symbols/MOEX-POGR/technicals/
Seems like MOEX is not trading, but Frankfurt is. Yet the price seems too high. What do you guys think?
I would think that when this is over, they will allow trading again. So to me it won‘t mattered they suspend trading for the time being. What I am really worried about is that Putin might seize our assets. Now that means an immediate knockout ;)
So all good unless Russia starts building tanks out of gold ;)
I think the RMS was good. They are reflecting what they know, very transparent and it seems honest as well. I like the fact that they are looking for alternatives when it comes to supply of materials and parts. I think that’s the most important part.
Only thing that worries me, is that Russia is Able to use an alternative to swift with the Chinese system. This could prolong the war indefinitely, which intern is never good for any share or operation in Russia. I am closely watching the news, but this remains very disturbing. Good luck to all
Nobody shorted this… are you mad? This was sold by everybody and their grandmother… let‘s hope it goes back up though
I am holidng quite a few shares now ... have not looked at the price since last week, since I was sure that this would be getting hammered anyway. Well it did of course ;) I am hoping for a political solution, ideally with Putin losing his presidency and someone more democratic and less corrupt replacing him .
I know it's a lot to ask for, but at that point, this little lottery ticket pays off big ...
I disagree... What's needed is the removal of Putin. Once that happens, eventually this can live up to it's potential. I guess, I will be stuck with this for another 5-10 years ;) YIKES
Issue another Gold Token via Crypto, which is backed by POG Gold. Any Crypto-based company launching anything with some story behind it is worth hundreds of millions. I guess, these old timer gold bugs are sleeping.... :)
in that case I wouldn't mind... unless Russia takes ownership of the mines. If that doesn't happen, this would be a steal since eventually the war will end and solutions will be found. At that point, this gets interesting, until then probably shouldn't watch this at all... I am just wondering why other Russian Miners are not getting killed...
and btw. PLY is up 10% today... makes me wonder
falling knife. I think they will stop trading or delist them.
I wonder what happens if they delist us? Would we get equivalent shares on the Moscow market, or will these shares be lost forever?
Never would I have thought that my 5p avg would ever again be seen. The signs were there all along, but I always thought that eventually smoke would clear around Russia and this company. Silly me, I still believe it will happen. The question is for me whether Putin will lose his presidency before they take this off the market or ban foreign investors after taking this off the market. We'll see... However, this weekend will shed more light on the situation. At the end of the day, as long as Putin fails,it won't matter if this investment goes to 0, as it's been well worth it then!
My hope and prayers are with the people of Ukraine, democracy, peace and freedom.
I totally agree. Considering that high debt rates have almost bankrupted POG in the past, they are quite relaxed about 600Mio in debt. I wouldn‘t mind, if they had 3% financing cost and growing cash and at least slowly dropping debt, but neither one is the case. I am wondering what‘s going on. Finishing POX2 cannot cost that much money…
Rusty,
I think your first point is probably most likely. It‘s commercially not as attractive as we thought. Maybe transportation cost ist to high... who knows.
Also, the bank would always finance such a project, cause it‘s very easy to calculate the margins on it. If this was a no brainer then banks would always go with whatever sum they need.
Finally, I don‘t think that Final Point makes sense. Yes, they might want to look good, but remember that they will also renegotiate their debt and with lower production, they will certainly get a bad deal. The best for them would be to excel on production and negotiate an excellent line of credit.
This is very dissatisfying. If POX is so special and there really is so much of this refractory or out there waiting to be processed, why would there be a „window of opportunity for sourcing“ this stuff? In my world, when there is a lot of demand for a service, people don‘t care about specific timings. What am I missing?