Member Info for rustybucket

what makes you think Renova have bought shares ???.

So Slevein, Rakishew, and Lawrence13 all voting FOR that gives 50.1% ( lol )

Requisition Update The Board of Petropavlovsk PLC's ("Petropavlovsk", "the Company" or "the Group") announces that Mr Kenges Rakishev, the beneficial owner of the Company's largest shareholder Fincraft, has given notice that it is his current intention to direct that Fincraft votes in favour of the resolutions in the requisition notice issued by CABS Platform Limited and Slevin Ltd (other than the resolution proposing to remove Mr Bektas Mukazhanov as a director). Commenting on this development, Ian Ashby, Chairman, said: "The Board is currently considering its options in light of this recent development. We remain open to dialogue with all of our shareholders, including Mr. Rakishev and the requisitioning holders, who have not provided details on the beneficial owners each nominee is representing. The Board remains committed to act in the best interests of all stakeholders."

Not a chance at the moment !!! need to show they are up and running and able to repay debts. Then we will see action. Upward trajectory will be rapid once we PROVE it. Too many false dawns and promises from the same culprits who want back in ( on the cheap )

the share price has moved very little for months. It is being highly controlled to allow the shenanigans to go on. In the past when POG had a value much higher than this 10% swings in a day were the norm. It was VERY volatile. Share price is much too low for the future prospects. The market doesn't like uncertainty. POG has a lot of uncertainty it is more than priced into the prevailing share price. The 2 people who some are perceived as the saviours are partially responsible for where we are now.

It might be quite costly to remove board depending on their remuneration and severance packages. For me the jury is out with new bod. They have been quiet but, I don't want noise for the sake of it. Still seems on track for where we need to be and we are now not at the behest of the banks. There has been very little to prove to me that Pavel and Peter have anyones interests other than their own. All this crap about bringing shareholder value back, they themselves with their previous decions helped to lose that. Benefit of hindsight is a wonderful thing, but when share price was well above �10 that was the time for the rights issue to repay bondholders and fund pox hub. Yes we reclaimed some chance with the rights issue if we had funds to invest, but they were instrumental in the dealings with the bondholders. So jury out. I am yet to be convinced by either. My vote would be to get Lawrence13 on the bod.

so they are saying that The coalition has now crumbled. Vekselberg sold his stake to Rakishev, while M&G sold at least some of its holdings to Prosperity Capital. So an answer to one of the questions. M and G sold "some" of its holding to Prosperity capital. Questions is How much ??? presumable under 3% as no holding RNS.

It doesn't mention them wanting your dad Peter back. City A.M. understands the fund may have connections with two other unidentified shareholders, Cabs Platform and Slevin, which this week mounted an attack on Petropavlovsk�s board saying they wanted to reinstate ex-directors Pavel Maslovskiy, Sir Roderic Lyne and Robert Jenkins.

I don't think these results will be earth shattering as we have already had an estimate. It will just put a bit of meat on the bone. Hopefully a little better than they forecasted with an increase going forward, We could do with very positive comments to kick start this share price. More info needed on cash position and estimates going forward. We wait with anticipation.

OR from update The Company intends to publish its full-year results on or about Monday, 4 June 2018.

I thought they were 6th June ???

you are probably correct Contrarion. I just hope they eventually turn this around.

Looking through the last set of accounts it said capex ( including pox hub ) but that is capital expenditure not asset value. Once its up and running I am sure it will have a value which may or may not be itemised in accounts. Probably under fixtures which may allow them to claim for depreciation.

As we are paying for the pox hub from free cash flow. once its up and running ( in the next 6 months ) it increases profit and the money being spent to build it can be saved to help repay bonds. I dont think they will amass enough money to fully repay those bonds and I can see another ( much smaller ) bond issue at the end of it. POG should also be in much better shape then so it should be able to negotiate decent rates. If the market clicks to the fact that POG IS TURNING AROUND THAT COULD ALSO BE REFLECTED IN THE SHARE PRICE WHICH MEANS RAISING MONEY SHOULD BE A LOT EASIER..

Renovas gone as per Lawrence13. In order for them to participate would need to buy again. I don't thing there are willing sellers for the stake they had as Rashikev has already stated he would like Pavel back. Surprised about Prudential selling as they agreed with new bod, you would have thought if there was to be another power struggle they would want to stay invested ???

Thank you. reproduced without the link. May 9 (Reuters) - Two Petropavlovsk shareholders want to bring long-time chief executive and co-founder Pavel Maslovskiy back to the board, the Russian gold miner said on Wednesday. CABS Platform Ltd and Slevin Ltd, which together hold a 9.11 percent stake in Petropavlovsk (LSE: POG.L - news) , requested that all existing directors are removed and former CEO Maslovskiy is brought back to the board at the next shareholders meeting, Petropavlovsk said. Petropavlovsk named Roman Deniskin as CEO in February, following Maslovskiy's resignation last year after a clash with shareholders over control of the company, which also resulted in the departure of another co-founder, Peter Hambro. Kazakh businessman Kenges Rakishev, Petropavlovsk's top shareholder with a 22 percent stake, said the move had come as a surprise. "I am keen to find out more about the new shareholders and the proposed new board's plans for the business," Rakishev said in an emailed statement to Reuters. Rakishev told Reuters in January he wanted to bring back Maslovskiy as CEO. He said he was not in a position legally to interfere when Deniskin was appointed in February.

AND A higher bloody share price.

Don't, a bulletin board is for expressing opinions. if a person doesn't agree with it doesn't mean either are wrong. As they are opinions. Mine is we need consolidation cash in bank and increased profits.

F.F.S Can we get up and running start making profits before looking elsewhere. When the share price is at �10 plus and 100s of millions in cash we can think about it, but after 3 recent acquisitions which have diluted our shareholdings time to prove they are working.

Members' power to require directors to call general meetings (sec303 - sec304) The directors must call a general meeting if so requested by the holders of 5% of the voting shares (or 5% of the voting rights if there are no shares). (The figure was reduced from 10% to 5% by the Companies (Shareholders' Rights) Regulations 2009 (S.I. 2009/1632), reg. 4(2). The request for the meeting must state the general nature of the business to be dealt with and may include the text of a resolution to be moved at the meeting (provided the resolution would not be ineffective (e.g. under the Act or because contrary to the company's articles, etc., and provided it is not defamatory, frivolous or vexatious). If the request is properly made, the directors must within 21 days call the meeting for a date not more than 28 days after the date of the notice calling the meeting. If the request included a proposed resolution, that must be included in the notice, which will then be part of the business that can be conducted at the meeting. (If it is a special resolution, the notice of the meeting must say so, in accordance with sec283, above.) Personally I am still to decide whether I like or trust the new bod, but I am not sure whether Pavel coming back would be for him, us or both. Jury is out. I dont think it helps the company having all these power struggles.