Member Info for rustybucket

I did say lol. I openly said in this forum I could not vote for present board, based on them not sending me a choice. However I thought there was a lot of propaganda from the other side.

Thought it would be close and it was. Might be better if they could find a way to work together, however, I don't see that happening. On earlier post it came out 55. It should have been 5%.

I don't think you could ever knock Peter Hambros communication. Although sometimes the content of the communication was stretched to say the least. i.e we are having positive talks about refinancing when share price was about 30p or maybe more and a rights issue at 5p.

It is in the past, however, and we need to move on. Lots of things we need clarification on. Not lease what happens to proposed refinancing of IRC.

The sad thing is we need stability. We do not need board in fighting. And if one side makes 55 purchase we could see the same again.

There has been a lot of talk about Peter. Peter himself said he wasn't coming back.

Do I believe that. ? Time will tell..

Lawrence13 whats happened. I expected 4 RNS by now. Lack of communication from the new bod ( lol )

yes agreed some very very close, and if all had voted could have been very very different.

Thank you for your time Lawrence13.

Lawrence13 was going sure he will update us once he is back. Probably having afternoon tea with his dad Peter.

IT would be good to see sobeit and others on here to tackle our tormentor. All aboard.

Update regarding AGM and shareholder vote Fri, 29th Jun 2018 13:28

RNS Number : 1003T Petropavlovsk PLC 29 June 2018 29 June 2018
Petropavlovsk PLC (the "Company")
Update regarding AGM and shareholder vote

The Company held its 2018 annual general meeting at 11 am (UK time) this morning at the offices of Buchanan, 107 Cheapside, London EC2V 6DN (the "AGM").
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Pursuant to article 62.1 of the Company's articles of association, voting on all resolutions at the AGM occurred by way of a poll. All votes cast on the resolutions proposed at the AGM are currently in the process of being counted and checked by the Company's registrars.
A preliminary assessment of the votes cast indicates that it is likely that Dr Pavel Maslovskiy, Sir Roderic Lyne and Mr Robert Jenkins will be appointed as directors of the Company, and that Mr Adrian Coates, Mr Roman Deniskin, Mr Bruce M. Buck, Mr Garrett Soden and Mr Ian Ashby will not be re-appointed as directors of the Company.
The final result of the votes will be announced in due course.
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This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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About Petropavlovsk
Petropavlovsk is one of Russia's leading gold mining companies. As at 31 March 2018, the Company had
produced approximately 6.9Moz of gold.
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At this time, Petropavlovsk is in the construction phase of a state of the art pressure oxidation facility to process the Company's substantial refractory resource base. The Company's combined 3,430km2 license holding has untapped resource potential. The Company is a leading employer and contributor to the development of the local economy in the Amur region, Russian Far East, where it has operated since 1994.
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Petropavlovsk is a shareholder (31.1%) of IRC Limited and is the guarantor of IRC's US$340 million project finance facility. IRC is a vertically integrated iron ore producer and developer in the Russian Far East and North-eastern China. IRC is listed on the Hong Kong Stock Exchange (ticker: 1029.HK).
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Petropavlovsk is listed on the Main Market of the London Stock Exchange (ticker POG:LN)

there is a RNS see above.

Old management. That was Peter and Pavel ???

A preliminary assessment of the votes cast indicates that it is likely that Dr Pavel Maslovskiy, Sir Roderic Lyne and Mr Robert Jenkins will be appointed as directors of the Company, and that Mr Adrian Coates, Mr Roman Deniskin, Mr Bruce M. Buck, Mr Garrett Soden and Mr Ian Ashby will not be re-appointed as directors of the Company.
The final result of the votes will be announced in due course.

Looks like they are back.

So individual investors stumped up. Yet Merrill Lynch could not find anyone willing to buy. Funny enough underwriters Pavel Peter and their cronies got the, Results of Rump Placing and Total Voting Rights
Petropavlovsk PLC (the "Company" and, together with its subsidiaries, the "Group") announces that, following the announcement made earlier today regarding valid acceptances under the Rights Issue announced by the Company on 2 February 2015, the Company confirms that, in accordance with the Underwriting Agreement, Merrill Lynch International has endeavoured to procure subscribers for those New Ordinary Shares for which valid acceptances were not received pursuant to the Rights Issue. No subscribers have been procured for such shares. Accordingly, all the remaining New Ordinary Shares will be issued in accordance with the sub-underwriting and equivalent arrangements as described in the combined prospectus and circular dated 2 February 2015 issued by the Company (the "Prospectus").

Total issued shares and voting rights
Following the allotment of the New Ordinary Shares to reflect the shares to be issued in accordance with the sub-underwriting and equivalent arrangements as described in the Prospectus and further to the announcement of the results of the Rights Issue made earlier today, on 18 March 2015 the Company's issued share capital will consist of 3,300,561,697 Ordinary Shares of 1 pence each. The Company holds no Ordinary Shares in treasury. Assuming that there are no changes in the Ordinary Shares in respect of which the voting rights are not currently exercisable, as at 18 March 2015, the total number of voting rights will be 3,278,187,139. This figure may be used by Shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change in their interest in, the Company under the Disclosure and Transparency Rules of the Financial Conduct Authority.

09-Apr-13 Transfer Peter Hambro 2,233,800

The rights issue allowed him to get " skin in the game" but, I don't believe it was his money that was used.

Peter and Pavel worked for the little guy when the ri happened ?????

Peter and Pavel were the ones who got us into the mess with the convertible bonds. The rights issue and the underwriting gave them the opportunity to get back in on the cheap after Peter gambled on the gold price and lost his shares.

I don't believe there are a lot of small shareholders. And most will be in nominee accounts. PM and PH I would love to know where you get holdings for these as I cant see a large holding for PH. A lot of the shares seemed to hinge on options which when expired were not renewed. On the last part I do stand to be corrected.

if you bothered to read, Peter has said he ISNT coming back regardless of result of any vote.

Pavel is DESPERATE to come back. I don't see how you work out new board would need 90%. 50 minutes into AGM should be hearing something soon.

Thank you I think other RB also aluded to that. I wonder how much ( in total ) it has cost to build.

No not at all. Why would I. A little fun is better than all the squabbling. If I report a post it would because of abusive content etc. Nothing else. Best wishes

Vote for number 24, Lawrence13

And I don't think its a foregone conclusion. Time will tell.

RB I think the players and Gareth believed the conspiracy theorists.