Member Info for rustybucket

The normal repeated trades. Boring !!!!!!!!!!!!!!!!!!!!!!. The same thing will help us on the way up. Eventually.

I wish the tide would take you with it. The dilution is minimal and it is better to have a smallr part of a larger company that is going somewhere than a large chunk of something going nowhere. More dilution if and when we Buy YuMe but hopefully that will lead to rapid profitability. As always I use the word " hopefully "

Really sorry to hear that. My thoughts are with you all.

It is intended that as Pokrovskiy nears the end of its mine life, the mine and its related infrastructure will transition into the site for the POX Hub, which is currently under construction. The POX Hub is an integral part of the Group’s future plans in allowing for refractory gold production and Pokrovskiy provides an important strategic location, not only due to its on-site and regional infrastructure, but also its close proximity to Pioneer’s limestone deposit, limestone being a key ingredient for the pressure oxidation process to be used at the POX Hub. The POX project comprises the construction of the POX Hub, which is expected to be commissioned in the fourth quarter of 2018, the refractory ore flotation plant at the Malomir mine, the first stage of which is expected to be commissioned by the end of 2017 (with the second stage expected to be commissioned in 2019), and the refractory ore flotation plant at the Pioneer mine which is expected to be commissioned in 2023. These flotation plants are intended to produce concentrate to be delivered to the POX Hub for processing. The POX Hub may also process concentrate sourced from third parties. I like that last one as an additive to our own gold. It also mentions in other parts Banking covenants which I have alluded to before.

We are human beings not robots. Sometimes what comes out on a post or even when you talk to someone is sometimes taken the wrong way. I do not want to be-little anyone on any board unless they have an agenda, which I know you do not. I think the simple fact is we are frustrated. Frustrated as we see a company which should have so much potential limp along. I am as dubious as any other person on here about the new board. I just think there were a number of larger investors who supported them so I am sure they must have had some dialogue. With the share price lingering at the present levels I think there is a lot of value in the company for them AND US. If they really wanted to take over the company then why would they just offer a low ball price and not bother with bondholders. Bearing in mind the amount they invested is more than double the market capitalisation at the moment. The board have not been very forthcoming with their updates but I honestly believed we were spoilt unger Peter Hambro. But, did he have a vested interest in doing so. All the best.

146 and 147. With other randoms. One day we will have our day. I hope I am still alive to enjoy it.

Again Nvr give up, just like Kenj where the content is correct. The big problem with all this is the lack of communication and clarity from the board. IF the money is sitting in an account unless its getting interest at a very high rate then that is bad business. If we have started repaying some of the bank debt it would be nice for them to advise us. Lawrence13. Do you fancy dropping Anya an E mail. ???

Nr giveup. I post as I see it. I have no axe to grind with anyone and enjoy a debate. I wish you a very happy christmas and a great and prosperious 2018. Best wishes.

Again KenJ factually correct. What it should do though is ensure that we have the facility to repay the existing bonds that have a convertible option. I can not believe that these have not got a plan. If we had enough money to pay off bank debt we will have enough money to pay off bonds as after end of 2018 we should have much increase cash as POX should be up and running and we will not have the costs of building it as we are paying those costs now. As for deceiving bondholders, if they repay a lot of bank debt and then gives them leverage to start making their own decisions without their hands tied that is not deceit. Kenj you seem to be posting a lot of negativity here ( not factually incorrect ) I hasten to add. But if you believe everything you are posting, the question I would have to ask is why are you invested ??? I think we have a great chance to get back to a much higher market capitalisation as all is fair. I cant disagree with your comments about interest payments, I also think that we should be receiving some information soon. All speculation on my part of course. But I like to think of the glass half full rather than half empty. As if I didn't believe I would sell up and move on. One point though. If we hadn't taken out the new finance ( bearing in mind if Hambro had been able to raise that sort of money we wouldn't have had the dilution we have already had ) do you really think we would have had enough profit to repay the banks at stated time and pay off bondholders ??

That says significant extension to maturity profile. It mentions nothing about the restrictions that were being placed on them. I agree with what you say in general, and I also agree that if they do nothing with the money then its been a very very expensive waste of time. They also had the fees to secure the new borrowing. If they don't do something I will be the first to apologise and say I am wrong. But I think something is brewing. I don't know what though.

KenJ did Hambro himself not say that his hands were tied in negotiations by the banks ??? I agree with you that if the money isn't used it is a total waste but, there may be restrictions on how quickly they can repay it or complications we are not aware of. I think the board could have been more clearer in their intentions and advised why there was a delay. As for having 500m outstanding in 2022, if they have enough profit to repay the bank loans in their due time, surely if we don't have to repay then we will have the cash ??? Also you are discounting the fact that once POX HUB is up and running and we are not paying for the construction surely there will be even more profit. Your post is factually correct, I can not argue with it. But that is supposing we don't use the money. I also remember Hambro wanted to buy, I believe Karanka gold without checking back on previous RNS maybe they are also working on resurrecting some of the proposed deals which I believe were stopped by the banks as they decided with hedging of gold we could finance POX HUB on our own. Whilst Mr Hambro often used to put our RNS it looks like the new board prefer to wait before making some of the outrageous statements Mr Hambro came up with. As far as I am concerned the jury is out. Mr Hambro took us down with his gambling and rash decision making. Hopefully the new lot can let us ride on their backs as they look to make POG a force to be reckoned with. Or Maybe I am just delusional.

Was it not previously offered to POG when we had numerous potential transactions going on ???

997. Get down Shep.

Abysmal. The company need to pull a few eggs out of the basket for people to start believing again. Hopefully, the YuMe deal is tied up and is a catalyst to eventually make real profit. Unfortunately I have been waiting for years for this to happen.

the low vitality is that the share trade in this is abysmal. We had larger trading on this share when it was over �10. The company needs to provide some positive signals that it has actually turned the corner, can met its debt repayments going forward and start growing again. Any real suggestions this is happening people and institutions will be again attracted to this share and price will rise.

04-Dec-17 numis Buy 720.00 previous 720.00 Reiteration Seems a very, very long way away at moment.

How far this share and company have constantly disappointed smaller investors. At one time this board was a hive of activity. I am looking to Monday to see some prospects of a real return to growth before real growth can be achieved by the integration of all the companies we have bought. I personally think this is a totally different animal to the previous company, but it needs to start showing "real profit" and then it may get back some of the older disgruntled shareholders or new buyers. I just hope I am not disappointed.................... Again. !!

Its happening again. Of course its just a co-incidence.

Brassneck, That word again, hopefully !!! I have used that a lot of times over the years. One day, maybe, it will be reality. The promises need to be turned into reality. I honestly don't care if it takes years to get back to the share price it was. But it would be nice to see "real profit" and good forward forecast.

Uncertain, Please advise why they would buy now when they can keep getting their interest till maturity and convert if higher, or take money and buy at lower price if lower ???