Member Info for rustybucket

ICBC Project Finance Facility As stated in the Company’s announcement dated 13 June 2018, the amount outstanding under the Project Finance Facility was approximately US$234 million and an instalment of principal and interest of approximately US$35 million was due for payment by K&S to ICBC on 20 June 2018.
The payment of approximately US$35 million to ICBC was made on 20 June 2018, within the required time frame. The outstanding ICBC loan principal has been reduced to approximately US$204 million. The amount paid to ICBC was funded by a bridge loan obtained from Petropavlovsk PLC, as noted in the Company’s announcement of 13 June 2018, and internal cash resources of the Group.

This site is down again ???

Why did our tormentor not post that. ?? Oh right, its not on his agenda.

And what other changes have been made to shareholder register. There has been a lot of trading recently. Time will tell. Have too admit I don't think personally, it will make that much difference. They are all in it for themselves. Everyone assumes Peter is coming back. He says he hasnt been asked. Time will tell.

They had 66% and 72% for them last year. Need a big changeround,

I remember at one time we had 8 RNS from POG about IRC !!!!. It seems the new BOD don't want an RNS every time someone at IRC goes to the toilet, but they do update on the important things such as the debt and the liability we have.

Lawrence13. I really don't know what you want. Of course they sprung into action, but it was reactionary. We have had numerous correspondence including refinance of bond, updates on pog etc. There job is to make sure they are running the company, and advise if things are going particularly well, better than expected or if things have deteriorated. Other than that we have to assume its business as usual. I think Peter probably went over the top as he was attempting to save his own skin and didn't want the company to collapse ( for obvious reasons ) but never forget it was his actions that got us into the trouble. People take about the hedging, it sometimes works it sometimes goes against, but what it does is provide certainty. If we had this in place when Peter was gambling on the gold price things would be a lot better now. We are all ( or should be ) in this together. But I would advise people make their decisions on the facts and not on sentiment.

not everybody has voted and the opposition ( if you believe it ) has put out plenty propaganda. If people have the time they should listen then make there own judgements. In my post cofE I wasn't referring to you in particular I was talking about people in general. What people forget is Peter and Pavel had decades to build up a company and bring it to its knees. I didn't particularly want or needed change last year. But to think they are our saviours. These are the very people who got us in the mess we are in. The present board would like rid of the IRC liability. ( if at all possible ) The opposition have a vested interest in ensuring they get as much support as possible as sprogs and family work there.

Quite funny that some people ask for more communication. They get it but "its too late".

'We expect the market to respond VERY POSITIVLEY to this update and the maintained guidance' N+1 Singer It hasn't ( as yet ) What do they make about Raj Challeraj leaving ?

In 6 month will we be having the same again ??? Time to bang their heads together and find a solution that is good for the company. I honestly think there are positives and negatives on both sides.

to get on the leader board of the chat. Keep in clean chaps and chappesses.

People have short memories, its not the first time Pavel has resigned ??? He had the chance to come back he refused. Why now. ?

We are faceless on this forum and certain posters may have their own agenda. Make sure if you are voting that you vote based on fact and your own view, Whoever you vote for. Personally, I don't trust either. Lawrence13 for CEO.

Just had a knock on the door. It was the postman. PHEW.

Because he has just re-posted BMACS post from Monday 17.07. People are looking for a reply. Probably more chance of the share price going to £20 as getting a reply from him, and sadly I cant see it getting back to £10 ( £1 old money never mind £20. )

So much for creating value for shareholders ???

Most of what you say I agree with BUT, I do not agree with you that he owns the $500 bonds. Reason company has already given me a rundown, and why oh why would they employ and pay bookrunners of 1 entity was going to buy the lot. Selling pox hub on the cheap I am sure this would need a vote, and I am sure it would be voted against. Reversing into poor gold mine was the now rebels plan. They were also very supportive of IRC. New board would like us to try and get rid of that liability.

Very few companies provide monthly updates. Best is probably quarterly unless something of note happens. The norm is half yearly and yearly.

They didn't try to oust the new board.