Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
A letter to the government signed by everyone on this site who had shares in POG, and other similar sites would have more strength and where possible the support of local MP's relating to these shareholders. But that is a huge task for someone to take on.
UK Government attitude towards our losses in Petropavlovsk PLC.
HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ Mary Glindon MP House of Commons London SW1A 0AA 18 November 2022 Dear Mary, Thank you for your email of 19 August to the former Prime Minister, enclosing correspondence from your constituent, Peter ****, of North Shields, Tyneside about Russian sanctions. Your email has been passed to HM Treasury and I am replying as the Minister responsible for this policy area. I am sorry to hear of the circumstances your constituent is facing in light of sanctions imposed against Petropavlovsk PLC. When imposing sanctions on businesses and individuals, the Government always considers how any impact to the UK can be mitigated, as we seek to ensure that sanctions measures are carefully targeted and avoid unintended consequences. If Mr Peter would like to read more about the Government’s approach to financial sanctions, HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has published a guide which can be found at www.gov.uk/ofsi. The Government recognises that sanctions can often have financial consequences not only for individuals and companies which are designated under UK law, but also for those who invest in or conduct business with them. Regrettably, while effective sanctions will often involve some economic cost, the cost of failing to take strong action against aggressive Russian behaviour in Ukraine would be far higher. All investments are prone to volatility and in particular may be affected when they are undertaken in areas with increased risk. I appreciate the understanding Mr P has shown of the purpose that sits behind these sanctions, although I am sure this is of little comfort in his circumstances. In the case of Petropavlovsk PLC, I understand that the effect of the sanctions was for the company’s creditors to call in its debt. Arrangements for the administration of the company and the sale of its assets were handled by professional administrators in accordance with the UK’s insolvency law, and approved by the High Court at a hearing in July this year. Details of the Court’s decision, with a link to the full judgement are available from the administrators on the company’s website at: https://petropavlovskplc.com/administration-news Unfortunately, the Government is not able to protect individual and commercial investments which may be affected by the development of geopolitical events such as these. Individuals must undertake their own due diligence when it comes to investing and managing investments, based on their appetite for risk. I hope you will understand that the Government is not able to provide compensation from public funds for private investors who have suffered losses on their investments in circumstances such as these, nor to provide assistance with any compensation claims they may wish to bring against others. Please thank Mr Pieri for taking the trouble to write with the details his case. Kind regards,
What date was the relevant tweet posted on twitter?
I can't find anything that is current on this guys twitter relating to POG, any advice?
Please add me to the telegram group many thanks
@Poppy_53
Please add my 1,421,897 shares - LSE
Add my 1,646,000
maybe we need to wait for the shorts to close before we move up.
So best not to get vaccinated if you want to increase your chances of dying.
Did you know that 8 out of 10 people in hospital with covid have not been vaccinated and most people who die with covid die in hospital.
I agree that POG has the potential to produce lots of profit and has done in past years, the only problem has been the management in my humble opinion. The jury is still out on the current guys, so let us give them the benefit of any doubt for now.
Russian presidential visit to POG 2008.
This was when POG share price started its long journey down towards the brink of bankruptcy.
BNP PARIBAS SA made a small reduction in their short positions on 30/11/2021.
rbrand - I think most people would agree with your last post.
Join the club Misrant44.
BNP PARIBAS SA 0.67% 10 Sep 2021
I was hoping that the long term shorts on POG would start to disappear but I notice a new Short appears to have been opened today.
BNP PARIBAS SA 0.67% 0.0% 10 Sep 2021
The problem with the rule relating to the highest price over previous 12 months is that the high of 40p was more than 12 months ago and the longer they drag this saga out the lower the high will be.
POG down from around 40p to 20p but Rio Tint, Glencore, BHP have all showing double digit gains in last 12 months.
Where is the bottom????????