Member Info for rustybucket

Lawrence13 just beat me to the punch, we must have been posting at same time. This is not good if they are allowed to vote, and as they are going to be registered in time looks like they will be.

UGC AND EVEREST HAVE CONVERTED $486000 OF BONDS TO SHARES 359,999,995 SHARES ISSUED ADMISSION EXPECTED 4TH AUGUST MEANING 3,674, 307, 298 SHARES IN EXISTENCE AFTERWORDS

Peter is only temporary for now, as he is also over at IRC, IF in doubt and in favour of board vote FOR 1 TO 6 and Against the rest, as If Pavel and Co get back in, the new board automatically resign so it happens anyway,

The problems occur, if the DONT get back in. We saw what happened to share price when they were initially ousted.

gilo, this is very very simple,because he is only acting in a temporary capacity after the old board were ousted. He like the pro pavel brigade want Pavel and co back, and he and the temporary board measures just step aside. The problems start, if they don't get back in. Who the hell will we get in then.

The company have recommended you vote FOR 12 TO 17 AS it is due to happen at end of meeting. Those for the board including prosperity, vote 1to 6 plus above EVEREST DYOR ( LOL ) RESOLUTIONS TO BE PROPOSED AT THE REQUISITIONED GENERAL MEETING
Resolutions 1 to 6 are proposed by the Prosperity Funds
1 Mr Damien Hackett is appointed as a Director of the Company with immediate effect.
2 Mr Michael Kavanagh is appointed as a Director of the Company with immediate effect.
3 Mr Harry Kenyon-Slaney is appointed as a Director of the Company with immediate effect.
4 Dr Pavel Maslovskiy is appointed as a Director of the Company with immediate effect.
5 Mr Timothy McCutcheon is appointed as a Director of the Company with immediate effect.
6 Mr Vitaly Zarkhin is appointed as a Director of the Company with immediate effect.
Resolutions 7 to 19 are proposed by Everest
7 Mr Paul Adrian Bushell be appointed as a Director of the Company with immediate effect.
8 Mr Ivan Kulakov be appointed as a Director of the Company with immediate effect.
9 If Mr James William Cameron Jr has been removed as director of the Company at any time before the end of this general meeting, to appoint Mr James William Cameron Jr as a director of the Company with immediate effect.
10 If Ms Charlotte Bertha Elisabeth Philipps has been removed as director of the Company at any time before the end of this general meeting, to appoint Ms Charlotte Bertha Elisabeth Philipps as a director of the Company with immediate effect.
11 If Mr Maksim Kharin has been removed as director of the Company at any time before the end of this general meeting, to appoint Mr Maksim Kharin as a director of the Company with immediate effect.
3
12 If Mrs Ekaterina Ray has been removed as director of the Company at any time before the end of this general meeting, to appoint Mrs Ekaterina Ray as a director of the Company with immediate effect.
13 To remove Mr Peter Charles Percival Hambro as a director of the Company with immediate effect.
14 To remove Dr Alfiya Samokhvalova as a director of the Company with immediate effect.
15 To remove Ms Angelica Phillips as a director of the Company with immediate effect.
16 To remove Mr Jonathan Eric Martin Smith as a director of the Company with immediate effect.
17 To remove Mr Martin Smith as a director of the Company with immediate effect.
18 To remove as a director of the Company with immediate effect any person appointed as a director of the Company since 9 July 2020 and up to the end of this general meeting, and who is not one of the persons referred to in the resolutions numbered 7 to 12 (inclusive) above.
SPECIAL RESOLUTION
19 To direct the board to commission an independent forensic investigation to review all transactions and arrangements entered into in the three years preceding the date of this resolution to which any of the following entities:
(a) the Company or any of its subsidiaries or affiliates; or(b) IRC Limited, or any of their

bloody mac computers, They constantly change what I have typed. Votes, Not Notes. Thank you Lawrence13.

There is a cut off time when you had to have shares to vote. If you did not hold shares on the cut off date, your notes will not be eligible.

Lawrence13 once again, its a question no one can answer there are a lot of shares in issue, and I for one would expect to start dividends , very slowly, in cash.

Some companies do give the option for people to have any dividends in shares through a share re-investment plan, I can't see Pog doing that. Personally, would be surprised if its more than 0.5p per share, but that is plucked out of thin air.

Anybody else like to hazard a guess, and Kenj, over to you, what does than do for the convertibles ???

Hi Kenj can't remember that one, but it is 7 years ago, As Lawrence13 alluded to, it was definitely discussed at the questions and answer session and Roderick Lyne who was taking the meeting because of what happened also talked about paying a dividend. Personally, I would prefer they saved the money to either buy the rest of TEMI with as much cash as possible and to help with at least some repayment of the larger bond issue on maturity.

Lawrence13, you are asking a question which is almost impossible to answer because it depends on the forthcoming results which are anybody guess. My own opinion would be that they would adopt a dividend policy, I would expect it to be a token gesture, until we have a n idea of what is going to happen with the main bonds.

As fir issuing shares, what do you mean hear, If you mean another rights issue, it depends on what route they use to clear the bonds. It could be another bond, if this is the case I would expect the coupon to be a lot lower. It could be bank funds, we already have a relationship with gazprombank, or it could be a rights issue, but, it is very very different circumstances this time.

There is also the case of TEMI, Will that proved, as we have paid a deposit, I would suggest it has to otherwise its money down the drain, how will that be funded, cash, shares , a combination of both.

There is also the small thing of the boardroom fight, because depending on who wrestles control, that, in my opinion will materially effect what happens going forward.

Hopefully, like me Drshaggy has him on filter, along with a few others who based on comments they have made I believe may be either, in collusion, or in sympathy with same sad individual.

Luckily, If I never retrieve my losses, from this, it won't affect my life, I have already lost something much more valuable. My wife nearly 10 years ago. In context this doesn't hurt nearly as much.

Share Price: 138.50 Bid: 137.00 Ask: 140.00 Change: -6.50 (-4.48%) On the money 138.5.

Analysts at Canaccord Genuity stuck to their 'buy' recommendation for shares of Petropavlovsk despite what some market commentary said was an ongoing board battle for control of the Russian gold miner.

Dubbing recent "board level issues" a "distraction, analyst Sam Catalano described the outfit's fundamentals as "strong".

So should investors take profits after the shares' 200% gain year-to-date?

No, he said.

"We believe that there remains significant fundamental value upside for POG, and resolution of the Board-level volatility at the Requisitioned General Meeting (RGM) on 10th August could be a powerful positive catalyst for the stock," he explained.

The split recommendations from the board on how best to proceed did add to the short-term uncertainty, he conceded.

But even while keeping his target price for the stock at 40.0p, he estimated that under conservative assumptions there was a "clear pathway to an additional 5-10p/share to our assessment of [net present value]".

That 10 share trade made a massive difference.

29-Jul-20 16:35:27 145.00 10 Buy* 137.00 145.00 14.50 UT ends at 145. Who wants to bet it opens 138.5 tomorrow, ridiculous spread as very few trades.

Petropavlovsk broker Peel Hunt said investors "should vote to return the board to its pre-AGM position", citing its delivery of its Pressure Oxidation facility and "a vastly improving balance sheet, as well as the ability to return to dividends".

"News that its auditor is standing down pending clarity over the board composition should be a signal that all investors need to vote their shares at the upcoming meeting," Peel Hunt added.

Tolitttletoolate, The pox hub was very expensive to build and took a long time. They stopped construction because of cash flow problems ( they were having there hands tied behind there backs and were controlled by the banks ) When they were in a position to do so they ramped up the construction at a large but, in my opinion worthwhile cause.

You allude to not using there own concentrate, that is the whole reason for pioneer to be constructed, which again has costs a lot of money to build extra autoclaves. It is easy to be critical, but, UGC need us more than we need them, and they are opposed to the purchase of the rest of TEMI, because it will reduce the chance of processing there ore.

The pox hub can help dog make money whatever the price of gold, as I believe that the price of concentrate will be well correlated to the prevailing gold price. If gold price drops, quite simply I would expect the price of concentrate to drop as well, because we would not buy it if we were not going to make a profit on it.

We will never make as much money from concentrate bought in, than we will from our own sources. All my opinion.

Kenj, exactly what I have alluded to. They are filling peoples thoughts with what they want to hear.

The reality could be somewhat different.

Uptown flat, they can't use any new converted shares too vote, they would be too late. It was shares on the register last Monday that could vote.

If this press release is anything like the press release saying it wanted to convert all of its convertible bonds, we can take it with a pinch of salt. There is No-one more qualified to run the company than the person who has been at the helm for years, and , in fact started the company with his pal Peter. That is Pavel. He has his faults haven't we all. An independent board, is not a bad thing, but, at the helm, we need someone who understands the business and not someone who has there own interests at heart. All my humble opinion.

DavidtheGrim, I am really sorry, I didn't realise you were posting AND tidying your lego at the same time. Your mam had said you had done your chores. Apologies for that, I will try harder next time.