Member Info for rustybucket

I don't know if you cofE were on th board when sapinda were proposing things. Then they didn't even vote ????

I don't think there are anywhere near 30% of small shareholders, and unfortunately even if there were the majority are held in nominee form which makes it even harder.

As for pox hub. Pox hub was mothballed as they ran out of money. It is only within the last few years it has been regurgtitated it should be in testing before the ned of this year and then as others have alluded to it should go into balance sheet as an asset.

As someone has already "supposedly" bid for it there should be a lot of value in processing out ore. And if spare capacity opportunities to process others at a price. Just remember another company was willing to put the money up to finish and then take a percentage. We finished ourselves. So should be a great asset.

cofE Your post. Sothic will leave if they no longer have influence. Or they have already achieved there goal. For example place a bond with 8% interest bring in 40 million a year until 2022. Something is not quite right with how they walked in places the bond and then left like the picked it up at 2:30am just before the club closed.

I think it also highlights that come Friday the current board are done. Putting out a statement was a last ditch effort to save them over the past month and they have clearly failed.

If it's true and Peter Hambro is attending the AGM then it's far more than the bunch of up there own last year. Some respect they showed the people who created Petropavlovsk. Some respect they showed the private investors, some respect they have shown us over the past year.

so please explain how THEY can place a bond. They are not even the largest shareholder. As for respect this is corporate governance not a toy. They certainly haven't been over the top but we have had updates. Only thing they have not persistently talked about is IRC as their sprogs don't work there. Soon be the vote what will be, will be then hopefully the shenanigans put to bed for another year and back to business. ..... Hopefully.

who said businesses act in an ethical maner. You mentioned Sothic and the $500m bonds. I posted something directly from the company showing who bought the bonds. You know more than them. Somehow I don't think so !!

what relevance has Sothic with the bond ??? speculation mere speculation even though the company have provided a list as to who bought them ???

surprised our beloved friend hasn't given us that information.

I have heard Peter is attending and bringing his abacus.

They say that it works very similar to Alex Fergusons watch.

Who said anyone cut and run, some investments especially investments like M and g are done as nominees for PIs it might be their objectives were met. Unless we know EXACTLY why any investor bought or sold we in all honestly are having a guess.

In my opinion there are positives and negatives to both sides. If I was to be swayed it would be the propaganda put out by P and P . Telling half the story. They are the very people who put us in this mess. They had more than 20 years to build up the business then take it to the verge of collapse, people have very short memories, we had many a RNS SAYING THE TALKS WERE GOING WELL. We then had a carve up of a rights issue, where some people did not have the means to invest.

When the share price was in double figures and I mean £10 not 10p that would have been the time to do a rights issue. From a position of strength. They did not were held to ransom by the bondholders and we are in the position we are in now.

Rather than back-biting on here it might be an idea for anyone going to the AGM to have a list of questions to ask.

My first would be. Is there any reason why the board members have not purchased shares. ?

IF YOU DONT LIKE WHAT HE POSTS FILTER THE .... THEN HIS POSTS WOULG GO INTO OBLIVION AND NEVER SEE THE LIGHT OF DAY.

ONE SAD G..

Hambros info is hearsay, as he is no longer involved.

The below SHOULD BE FACT .

A spokesperson for Petropavlovsk said: “The development of the Pox hub is progressing on time and will start commissioning during Q4 2018, with ramp up to commercial production throughout 2019... It is irresponsible and self-serving for the requisitioners and their supporters to spread false rumours to undermine the investment case in their fight to take control of the company.”

I do realise that, but, we have the ability to use the money that we are not paying back to fund things like " the pox hub".

And Pavel was 100% in favour of the bond issue. He suggested it. He then resigned because they didn't put it in the minutes. YET, you say you are supporting him and his cronies ???

So the very thing you are against is proposed by the people who are trying to make a coup. And you support them. Strange to say the least.

no Lawrence13 $500m x 8% = $40m but we were paying virtually that to the banks and people forget that the banks had a stranlehold over POG. Pog now has more financial freedom, hopefully soon will have an operational pox hub and funnily enough wont have to find the money to build it because its BUILT.

Cant disagree EXCEPT. IT was Pavels idea he said WE NEEDED TO REFINANCE, But it was going to cost the company $13m more to do it with the people he suggested.

Kenj you point out the bond issue. Pavel supposedly walked out because the board wouldn't write it in the minutes. Also according to others ( don't know where there sources are ) but Pavels idea was to line the bookrunners with a further $13m for organising this ???

So please advise where this is the present boards fault ??

I will take paying off the $100m bond first. Then one step at a time. Build up enough to repay $500m bonds or at least have a strategy.

Then we can think about buybacks and dividends my preference. That order.

That doesn't make sense, unless he has options, which when he was a director, he let them lapse. Share price is being controlled by the major players and because of liability of IRC and bond conversion options.

Funnily enough all 3 connected to Peter Hambro.

Thank you for that Lawrence13. I appreciate that.

Sorry at work and reading posts between work.

Mr Hambro, for someone having no conection and not wanting to come back, has a lot to say. Anything he says he has a vested interest in saying. He had more than 20 years to build up the company. The new guy hasn't had 6 months. Give him a chance. The more I hear about this, the more I think its Peter and Pavel throwing their dummies out of the pram. And in Pavels case, it has been proved. This isn't the first time.

its behind a paywall. Please either copy and paste or don't post. Thank you.

Most of the votes will be done by proxy and will already be counted by agm. Main ones are the institutional investors. Unlikely our vote will have much impact unless its very close.