Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
They need to identify the ringleader who are firing up trouble in the workplace and sack them as an example to the others. If they don't like the new management then resign and find another job, simple.
The have been wanting to go higher for years but there always seems to be something in the background that holds them back. Hopefully with a new management team it might actually happen this time. But don't hold your breath as it might not happen as quickly as we would like.
Up and down like a yo-yo today, almost feels like it is being held back, but that is normal for POG.
Lets hope that once the new guys settle in the SP will get to a price that reflects the true value of the company.
Great buying opportunity at below 32p I think.
Will be interesting to see what the departing board have been up to once the forensic investigation gets underway. I suspect most people on here believe there have been some questionable deals done over the years.
Down about 3p today so far. Where are we headed?
Is this real or did I get connected to a children's playschool? Can't really be a professional business talking to their investors can it?
Petropavlovsk PLC ("Petropavlovsk" or the "Company"), has received Conversion Notices (the "Notices") from Euroclear Nominees Limited on behalf of VTB Bank PJSC, Renaissance Securities (Cyprus) Limited and SOVA Capital Limited, in respect of the exercise of conversion rights under the Group's US$125m Guaranteed Convertible Bonds, due in 2024 (the "Bonds").
Does this mean a further 6% dilution of the share price?
If Strukov is not lying or trying to deceive people we might quickly get back to the upward direction to a a realistic share price which should be 60p plus in my humble opinion.
"Petropavlovsk’s billionaire shareholder Konstantin Strukov said he has no interest in acquiring the London-listed gold miner."
If Strukov had made this statement at the beginning of this fuss I might have supported him in the vote.
Bought more this morning and iweb broker simply added them to my earlier instruction re. vote.
The market does not seem to like the way things are shaping up as the share price drops. I have voted for Pavel but like many PIs I don't trust him, but better the devil you know I suppose.
Sorry Kenj - I must admit that I only copied it from the ii board as I thought it might do some good. Please feel free to edit and correct so others can use the corrected version.
phpasia has also posted this above ... I think it's absolutely worth following suit and sending your email. I can't see how it can hurt and it might make a real difference ...
"
Can i suggest all PIs write to the takeover panel and push them to react. They do care about private investors and it certainly can do no harm. This is the email: supportgroup@thetakeoverpanel.org.uk and below is what i have written. (please can someone post this on the London South East chat room).
Dear Takeover Panel,
I am a private investor in FTSE250 LSE listed Petropavlovsk Plc (POG.LSE). There is a genuine risk that a great number of minority investors, many of whom are private individuals with small shareholdings, are going to incur considerable financial loss from what very clearly appears to be a stealth takeover by a group of Russian investors who are blatantly acting in concert, in contravention of the London Listing rules and the Takeover Code. At the AGM held on the 30th June 2020 this group of investors, led by Everest Alliance Limited and the company’s largest shareholder (and competitor) Uzhuralzoloto Group of Companies submitted last minute resolutions to remove many of the more senior and independent directors and company’s co-founder and CEO, under whose combined leadership the Company has created tremendous value over recent years. They voted to install their own hand-picked directors and one directly affiliated representative, creating a Board designed to give control of the Company to them, removing the independent directors best able to protect minority investors interests and putting Petropavlovsk’s Premium Listing status at risk.
I understand that a complaint has been submitted to you by Prosperity Capital Management, another large shareholder. There will also be a General Meeting on the 10th August at which the same group of investors will try to consolidate their control of the board, leaving three concert party directors and only one independent director to protect the interests of minority shareholders. Given the challenges facing many small investors to vote in the current environment, these parties may well succeed, unless the Takeover Panel acts swiftly and effectively.
I do find it extraordinary that given the LSE’s respected international reputation for solid regulation and good governance; we have heard absolutely nothing from the Takeover Panel about this situation, which appears to be oblivious to minority private investors for whom they play an important role in protecting.
A failure to act would be a discredit to the UK’s reputation for good regulation, its international standing and most importantly, its role to protect minority investors from illegal corporate actions.
I would very much appreciate a response.
"
No perks then, time to move on. :)
Sounds like idealing are not a broker anyone should entertain unless they offer something special in other services.
Anyone with iweb-sharedealing can submit their vote over the phone.
ii.co.uk now have voting form attached to your account so quite simple to vote if you log into your account or you may well have received an email with a link.
I get the feeling we are in for a bad week, certainly a bad start.
Things looking good for the start of the week with PMs moving higher.
A suggestion I found on ADVFN board:
1. FOR this resolution
2. FOR this resolution
3. FOR this resolution
4. FOR this resolution
5. FOR this resolution
6. FOR this resolution
7. AGAINST this resolution
8. AGAINST this resolution
9. AGAINST this resolution
10. AGAINST this resolution
11. AGAINST this resolution
12. FOR this resolution
13. AGAINST this resolution
14. AGAINST this resolution
15. AGAINST this resolution
16. AGAINST this resolution
17. FOR this resolution
18. AGAINST this resolution
19. AGAINST this resolution
I have decided to vote FOR 17, to remove Mr Martin Smith, as I don't feel Mr Martin Smith has done a fantastic job in the past (please see my next post).
I also don't think it matters which way we vote for the remaining of 13 to 17 (as I believe the affected parties have said they will resign anyway, as per this RNS: http://uk.advfn.com/stock-market/london/petropavlovsk-POG/share-news/Petropavlovsk-PLC-Notice-of-Intention-to-Requisiti/82793779 ).
However I personally have nothing against Mrs Katia Ray remaining...
I'll vote AGAINST the remaining of 13 to 17 out of pure protest to Everest.