Member Info for Professor1

The RNS should be hopefully during 2nd week in July

Dr Runner
I believe the next RNS will be one of Q2 production which in my opinion will be a bumper one and a good catalyst.

Tiger16

This is only my opinion and should not be relied upon as I could be completely wrong.

However, I think that these are EXTRA ORDINARY situations. If UMMC COULD they WOULD have got through by now. They simply can't. If there was another company not entangled in the sanctions and had similar assets in value and revenue generating capability and then in that scenario the company would not be held by the throat. I BELIEVE the Antimonopoly will not be able to approve any application lodged by UMMC.

"During the external management, the administrator is entitled to refuse to execute the transactions, which are not fulfilled by the parties at all or in part, if such transactions impede the restoration of the debtor’s solvency or if the debtor’s execution of such transactions entails losses for the debtor compared to similar transactions concluded under comparable circumstances."

Lawrence
Dividend is far remote based on the current situation and one cannot really compare with what one believes the estimate for production output will be considering 1st Qtr output. This area of POG is in progress and there is nothing to the contrary put out by POG which could be price sensitive

SORRY LAWRENCE BUT THAT IS MY VIEW AND I HAVE QUALIFIED IT BY SAYING "I THINK" "MIGHT BE"

I THINK THERE MIGHT BE A LEAK THAT THE SECOND QTR PRODUCTION RESULTS ARE GOING
TO BE SUPER DUPER

EXPECT AN RNS NEXT WEEK
GLA

I too will be loading up. Can't wait

Tiger16 and all , good morning

Please refer to the article with the below header at www.spglobal.com

"Russian gold miners expected to benefit from current market despite sanctions"

Why would POG sell out itself cheaply when Russian Central Bank will be the buyer of last resort - even if it's at a discounted price when you know that that will keep the company ticking even if simply breaking even BUT it will enable to start paying off the loans and buy time until sanctions are eased gradually or lifted entirely.

There was article published in the Times of India how the oil companies are buying at discounted price, refining the oil and selling onto America at market price. THERE APPEARS TO BE NO OIL SANCTIONS IF THIS IS TRUE.

I believe the ANTIMONOPOLY in these circumstances will not approve the UMMC application when you have the livelihood of some 9000 staff to consider. Putin may have a say in the conduct of large corporates. You should search for a video of him making an executive of a company sign a paper to open up the doors of a closed factory, I can't immediately think which one it was.

I am staying put but one should also not forget the very lesson about portfolio theory and that is diversification. With that in mind, I have put in an amount I will not lose sleep over.

KK
Its called transfer of wealth from us investors back to the big boys

Tiger

It would appear to me that it's in the best interest of the company that an environment comes into being whereby the big investors, who had jumped the ship, are somehow made to come back on the drop of the SP at the expense of us investors who would naturally react to the kind of RNS news by selling at a loss - I.e.those who fall for such news.

I still maintain that POG will not be allowed to sell in the current climate by the State and the big boys probably know this.

The RNS is full of the words like:

"Unable to repay at the present time"
" Unable to refinance in the short term"

"

"Russia demanded that the Black Sea be demined and Turkey said allowing the Ukraine exports should be accompanied by easing of western sanctions against Russia."

The largest shareholders are not going to approve the company being taken over on the cheap.

So, UMMC option to buy gold on discount in lieu of the loan repayments. They can then sell this at profit. This helps POG cash flow in the immediate short tem and wait for the peace negotiations to take place.

There is no ifs and buts, at some point the parties are going to sit down and an agreement will be reached in some shape or form and sanctions lifted.

Tiger16

Overall I view this as in favour of POG

Lawrence

It shows that POG wants to demonstrate that they want to adhere to the standards expected by HMRC and retain the future listing at LSE. It also demostrates that they don't wish to be taken over either in private hands AND MOST CERTAINLY NOT BE ANY RUSSIAN LISTED COMPANY

Tiger16
My personal belief is that we should catch up to what POG was priced on MOEX but I could be proved completely wrong.

Newtothis2021

This is tit for tat arising from:

-First comes the UK / EU/US sanctions on Russia

-So the Central Bank of Russia places restrictions on foreign investors investing in Russia

-Because the Moscow Exchange did not withdraw the restrictions on foreign investors, the UK HMRC said that the Moscow Exchange was "no longer operating in line with the normal commercial standards expected of a recognised stock exchange"

-So when the UK HMRC updated its list ( which presumably is done frequently) of " designated recognised stock exchanges", it excluded Moscow Exchange from that list

-So once the Central Bank of Russia removes its restriction on foreign investment (which is when the sanctions are removed), UK HMRC will re-instate Moscow Exchange on its list of "recognised stock exchanges".

**** "The Recognised Stock Exchange status is a classification given by the HMRC that allows securities traded on such an exchange to be eligible for certain tax treatments and reliefs" ****

Lambo222

You are absolutely spot on . Delays and there is always something to hide. The more I started to think about Christian leaving, the more doubtful I was getting particularly in the last couple of days. Hence my earlier note today at 13.00

Large sells went through before the RNS. Someone knew?

Andysmi

I am absolutely gutted here as big time in red. Just at 13.00 Iwrote about two pointers which had started to bother me and this RNS gets released. I will be pulling out of all exploration companies after this. That's me done