Member Info for petra53

I think the RNS displays and confirms the new BOD promise to implement a robust and transparent control framework for the Group. The old BOD had a long reputation in the city for making optimistic and unachievable predictions. Give me transparency and truth every time.

andykb748 - part owned by who, were POG one of the part owners?

Handbrake will be released when the debt comes down, which hopefully will start very soon as I'm sure we will be advised of in a couple of weeks when first half results are released.

It has been said that Polygon's short is an hedge running alongside some convertible bonds, so if true they are not as worrying as pure shorts. Eventually they will become a massive plus when they need to buy back to clear the short position. I may be talking a load of nonsense so don't take this as fact.

https://www.shorttracker.co.uk/search/

Shedulike - You say "Not updated on here but Polygon increased their short on 6th Aug" but when I look on the above short tracker web site it shows that Polygon Decreased their short position on the 6th Aug. Can you show where you got your information from please.

Any knowledgeable people got any advice on the best way forward, sell or hold. What is likely to happen if you hold onto your shares?

Yes but Charlie Morris, chief investment officer at Byte Tree Asset Management, also said that he currently sees gold's fair value at around $1,600 an ounce.

Gold fighting back a little.

How much more will gold drop?

I think the debt is about $500,000,000

Maybe 0.22% extra shares is more accurate.

I doubt if this small amount of extra shares would relate to the drop in the share price (about 0.27% extra shares, I think).

Issue of Shares



Petropavlovsk PLC ("Petropavlovsk" or the "Company"), has received a Conversion Notice (the "Notice") from Euroclear Bank SA/NV on behalf of Credit Suisse Securities (USA) LLC, in respect of the exercise of conversion rights under the Group's US$125m Guaranteed Convertible Bonds, due in 2024 (the "Bonds").

The principal amount of Bonds in respect of which the Notice have been served totals US$1,200,000, which, at a fixed exchange price of US$0.1350 per ordinary share, will result in the issue and allotment of 8,888,888 new ordinary shares.

The Company has agreed to issue the new ordinary shares and an application has been made for 8,888,888 new ordinary shares of the Company to be admitted to the Official List and to trading on the London Stock Exchange ("Admission"). Admission is expected to be granted on or around 24 September 2020.

Following Admission, the total issued share capital of the Company will increase to 3,921,714,701 ordinary shares. This figure may be used by shareholders as the denominator for calculations by which they will determine whether they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Where is gold going, are we looking at $1,800? Not that $18,00 is a problem for POG but it will slow its debt repayment down I suppose.

Uncertainty will weaken the share price so I don't see any info/announcements coming soon. But it's early days since the new guys took charge of things and will no doubt take them a while to make sense of everything before they can present their findings and the way forward. Meanwhile we are no doubt making lots of money at the current gold price. I expect the share price will quickly move above 40p once the new management get themselves sorted and issue a comprehensive update.

Probably due to bargain share price.

2% drop as market opens

Ignore last post as I have found what I was looking for.

Anyone have a web address where I can see POG share price as it is being traded on Russian stock market on Monday?

Probably more to do with a recovery from the recent drop from 40p now that investors are getting use to the new men in charge.