Member Info for rustybucket

IF YOU KNOW WHO CAN RE-GURGITATE THE SAME OLD RUBBISH LETS REGURGITATE A BIT OF POSITIVITY.

Brass,

I had an hours conversation with Ed last week and managed to cover almost everything on my list. He is happy to engage with investors.

They are doing a pre AGM road show in the UK and intend to release a quarterly TU. It would make sense that it was out prior to meeting the funds but we will see.

He re -confirmed what was said in the CC that this qtr was 'really good' with 'lots more to come'.

The company has no idea why the shares have such a low rating compared to all their peers. (cheap was the word but not allowed to give advice) I gave a few suggestions! which we will follow up at the AGM.

Focus is purely on getting a return on the current assets. M@A off the table unless its someone buying us.

Amazed to see Appnexus go for $1.6B as he knows their metrics and have 'a similar proposition to us'

The company looks to be in a better place than it was a year ago but worth alot less. Crazy!

Have to hope next week provides some sort of catalyst to put this SP rubbish behind us.

over £2 over £10 But, It had a 15 to 1 rights issue which caused a lot of dilution. Yes, when there is high volume it can be a trading share, but again at these prices has to be a steal long term.

If they cant make money when the pox hub is up and running we do need to pack up because we can process our own gold and process others if spare capacity ( at a price )

As for shouting. I cant shout, its a bulletin board. You mentioned AIM in your post. It is not AIM. That's a fundamental flaw in your supposed research.

one BIG PROBLEM, this IS NOT AIM its Main FTSE LISTING AND AT ONE TIME WAS NOT THAT FAR FROM ftse 100.

SO if they get it right lots of upside potential.

I suggest you do some more research.

well that's great then, we can repay $100m convertible bonds pay off $500m bonds pay off IRC debt so they become very profitable and are bought by Rio Tinto for $500m which means we get out share plus our money back and start paying large dividends. I wish it was a s easy as that.

I wish someone would knock them all down and quickly because one of the lads in the office just started singing 1 million green bottles and only 1 accidentally fell.

That is a question no-one can answer simply because its linked to the price of iron ore. We produce quality iron ore and at the moment it is profitable.

But that market changes quickly. They say once amir bridge completed it reduces transportation costs markedly.

Sorry no more details.

This was the announcement on 13th June. wonder why we are not commenting on it ??

Petropavlovsk PLC ("Petropavlovsk" or the "Company", and together with its subsidiaries, the "Group") is pleased to announce a number of strategic and operational developments:

Negotiations to refinance IRC Limited's facility with the Industrial and Commercial Bank of China ("ICBC") in relation to the US$340 million project finance facility between Kimkano-Sutarsky Mining and Beneficiation Plant LLC ("K&S", a wholly owned subsidiary of IRC) and ICBC (the "ICBC Facility") are at an advanced stage with a major Russian bank. The Group has entered into a bridge loan facility agreement (the "Bridge Loan") with IRC in order to help K&S meet the payment due under the ICBC Facility on 20 June 2018 (the "20 June Payment"). The Bridge Loan is for a Rouble amount equivalent to US$29.75 million at an interest rate of 12% per annum, and is expected to be repaid as soon as the refinancing of the ICBC Facility is completed.

IRC and Petropavlosk are in the final stages of agreeing a waiver with ICBC in respect of IRC's obligations to comply with certain financial covenants and maintain certain cash deposits with ICBC. If the waiver is obtained and the 20 June Payment is made, the good standing of the ICBC Facility will be maintained.

it mentions a circular going out to shareholders on 6th July has been delayed to 31st July. It also mentions announcement of 13th June and "capitalisation "

Most of the money that IRC borrowed was for the processing plant that is nearly up to speed. That must have some value. ???

There has been no mention from the new bod as to whether we are still negotiating with the Russian Bank about refinancing. On IRC website it says there is a delay in something ??? cant remember what but will check.

IRC can produce a lot of high quality iron ore, if things improve and amir river bridge is completed it might not be the total basket case some are alluding to. Pigs might also fly.

BIFFA, I KNOW IT WAS NOT ADDRESSED TO ME , BUT, THANKS FOR THE UPDATE.

someone elses fundraising to compare with our bonds !!!!

Main bond: US$150m nominal amount secured notes issued at a purchase price of US$138m with a 6-year term and bearing an interest rate of three months LIBOR +8% per annum based on a nominal amount of US$150m but payable only on drawn down principal. Interest will be capitalised every three months for the first 24 months and thereafter interest will be paid every three months in cash;

Second bond: US$56m nominal amount zero interest-bearing secured notes issued at a purchase price of US$12m with a 20-year term. The nominal amount is repayable by reference to monthly production of lithium at a rate of US$160 per tonne of lithium produced, with any remaining amount repayable at the end of the 20-year term; and

Grant of 6 million warrants exercisable over five years at a 20% premium to the 20-day VWAP, subject to normal anti-dilution provisions, cash settlement at the Company's option, and cashless exercise at either party's option.

I think the site has been down..... Again....

Nothing funny about it at all. Some people have lost big time on this share, and it might affect their life. They don't need their noses rubbed in it 24/7. One sad git.

And if that means they suspend me for a time.... So be it. Its true. He or she should be banned. Moron.....

They sometimes say, what comes around goes around. I am sure in life he or she will get their come uppance. And it will be well deserved.

come on England come on England come on England come on England quarter finals here we come.

Hi Lawrence13, as long as I can remember I have heard that the American market is going to collapse, cant run on credit etc etc, it seems to defy gravity.

Madsuh, what gives you the impression the old board were not keen on hedging ( I have not seen anything which would state that 0 and irrelevant anyway now as they are gone.

A lot of the hedging was proposed by the banks to ensure that pox hub was completed. Different ball game when that is completed as it gives options we don't have now. Including processing other companies resources if we have spare capacity. If Polymetal were interested in buying pox hub, they might decide that the whole company is worth buying. Interesting times ahead..

Question I would ask you Madsuh. If you don't see the IRC situation being resolved, and you have shares. Why don't you sell.

As for hedging, hedging is a safeguard for completing pox hub. They still have a lot of gold hedged. Its an each way bet. They will not get it right every time.

Article stated Pavel would be buying between 5 and 10%. Surely he should have been buying before vote to give him more chance of winning.

Wonder if he thought it would be that close ?

Howay Lawrence13 RNS out now. surely they should have told you. !!!!

I must be living in dreamland because I still think it can work. I am talking long term though.