Member Info for rustybucket

Lawrence13, Contrarian has given info on why new bod were not there. They were not the bod at the time. As for Hambro getting a standing ovation. Not a problem, no doubt he is a nice man. But, he lost in a democratic vote. If he got back in, in a democratic vote, I would have no problem with that. But until cabs/slevin advise who is the puppet master I will not vote for them. As it happens I do not like the way the board has sent their letter with my money. I wouldn't mind if they had given me a choice, but they have not. So unless I have a change of heart I will not vote.

he has given you 5 points He could probably give you 10 negatives from the old board who DESTROYED shareholder value.

I agree, and if they were buying shares in the market it might, and I do say might, just counteract the "A" TRADES. sadly as that's the news out of the way I sadly can not see any major upward trajectory in the short term, and with a share price at this level that is shocking.

I must admit, I was also very un-impressed with the questions from the analysts.

Agreed, and unfortunately as others have alluded too Jam tomorrow. Only positive, for me would be if they did start doing a share buyback, however small. I did for get that when Ed was asked there was one slide where they was about $19m cash which he said was " non-recurring".

Thanks Kenj.

yes there would be dilution, but there would be $100m of debt that wouldn't need to be repaid.

where is Kenj the bond conversion master,

Mani points from webcast mentioned 15m synergies already found. Looking to maximise return on investments Talked about the scale scope and reach. And are well positioned to deliver. Have distributable reserves so are looking at possible buy backs. Would be small initially ( if done ) but expecting cash position to improve radically. Mentioned there was a slowdown in quarter 4 because of initial impact of ad texts and problem with facebook it was also said there was an industry slowdown at this time but this has picked up and recovered "nicely". Mark said he was only 3 weeks into a 6 weeks look at company Said it was an "interesting company" with a fantastic reputation he had a six week integration plan it had made good acquisions, Perk already installed Radium 1 nearly there and YuMe in progress. Said there witl be further integration and more cost savings, People from N1 singer, Panmure Gordon Numis and Whitman Howard asked questions. Mostly covered above.

Thanks had already been on there couldn't find it. It started a bit late. Thank you

Anyone know how to get on ? been on website cant find it

Madsuh, I couldn't and wouldn't argue with that assumption. Time will tell.

I believe that's why we have forward sold gold to have that money available. It is needed for the 20th quite a short time to have fully arranged and in place banking facilities. I would imagine a lot of dotting of is and crossing of ts. Repayable as soon as new finance in place. Will we be able to get rid of ANY of the guarantee.

as Contrarian says we are lending the money at 12% and its getting repaid as soon as IRC get money from Russian bank ( presuming it goes through )

correct me if I am wrong but is the VTB shares not the ones that went to Cabs and slevin.

Peter and Pavel have said they have nothing to do with these. Are you saying they are lying ? Why ? Why would they need to hide ?? A nucleous would vote for them if they knew it was them.

13 June 2018 Â Petropavlovsk PLC Company Update 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. The Group has entered into four gold sales agreements with Sberbank for a total volume of 96koz and with an option for advance payment for up to 12 months; The sales agreements will provide additional liquidity during a period of planned high cash outflows, the majority of which are associated with POX-related capital expenditure, thus de-risking it. The commissioning process at the Malomir flotation plant, a key step in the development of the Company's flagship pressure oxidisation project ("POX"), is under way after being launched on schedule at the beginning of June 2018. IRC Refinancing and Bridge Loan Following Petropavlovsk's announcement on 23 May 2018, the Company continues to monitor the situation with regards to IRC's capacity to make the 20 June Payment and otherwise maintain the ICBC Facility in good standing. The Company, in light of its role as guarantor of the ICBC Facility, is assisting in the progression of refinancing negotiations, which are at an advanced stage with a major Russian bank. As a precautionary measure, the Group has entered into the Bridge Loan for the Rouble equivalent of US$29.75 million with IRC to help K&S to make the 20 June Payment, which is for US$35.16 million. In addition, IRC and Petropavlovsk are in the final stages of agreeing a waiver with ICBC in respect of IRC's obligations under the ICBC Facility to comply with certain financial covenants and maintain certain cash deposits with ICBC. Whilst the Company is highly confident of obtaining the waiver, there is no guarantee that it will be provided by

Here Here.

Non voters are non voters they cant be put in 1 camp.

KRSS if you don't mind be asking where have you got that information from ???