Member Info for rustybucket

Dr shaggy, really sorry to hear about that. I t is bad enough losing money on shares without something unexpected and unwelcome affecting your job.

I sincerely wish you well in the future. Take care and thanks for your comments, and you are correct about the timescale. All the very best and good luck.

Retired Banker, whilst not arguing against your rationale as I have said the same, I don't think your option price is correct, I thought it was about 12.7p,

I do stand to be corrected as just off top of my head but, was sure it was about 50% higher than previous 8.5p. ??

workingstiff, I don't know how long you have held shares, I know you have been here a while, Pavel has already said he is open to dialogue, and we should always be open to dialogue, what we shouldn't be open to is people saying one thing and doing another.

Thats like running up to fight with someone having their back to you. Pavel and co have had many boardroom battles including being defeated himself, and then battling Sapinda. He and the board are normally able to rustle up some supporters, and just remember, one of the voters against has not jumped ship, wonder who picked up those shares.

Lawrence13 Prosperity have a large stake nd will be voting, I know that other institutions did not vote last time, but will be using there votes.

David the grim, if you are saying a new bod, comprising of people related to UGC, will have other shareholders interests at even the same level as there own, you are deluded.

They have already said they want to take 50% of the profits out as dividends, that is ridiculous and totally contradictory to there stance on reducing debt.

They are opposed to the purchase of the remaining 25% of TEMI, ( I wonder if thats because there will be less room for the processing of there concentrate )

Then they have there own concentrate, Do you really think we will get a good price for buying there concentrate. Personally I think not. Now, I am not saying, that Pavel and Co are perfect, I have posted on many occasions of faults I think are there, but, There is no way I want UGC in even partial control of this company. My opinion only, its a recipe for disaster.

In the past both Pavel and Peter had sizeable stakes. A lot on here alluded to the fact Pavel had convertible bonds, if you believe his interview, he has not.

UGC put out a statement that they were going to convert. What has happened to that. Again, my opinion, for the moment, better the devil you know.

Zakir, that is stating the bloody obvious when there is an RNS stating the reasons, if you care to read it.

I have to admit, I am in favour of people being rewarded for success !!! But, in my opinion that should be based on turnover, "real profit" share price performance etc etc.

This lot , the rhythmnone lot, and the blinky lot, have rewarded themselves consistently for failure. I do not know why people vote for this without more scrutiny.

MikeSE1

To re-elect Dr Pavel Maslovskiy as a Director

VOTES FOR 1,118,262,709 46.14% Votes against 1,305,363,764 53.86% votes withheld 1,991,608 total votes cast excluding withheld 2,425,618,081. So with about 3.3billion shares in existence looks like just over 900 million did not vote

Paulh143, it did say, they were posting things out. So maybe , just maybe, we are going back to the old system to ensure more people vote. If you do not get anything through the post which could happen with crest holdings and nominees, contact your broker direct.

Kenj, I am with you on this one, I can give one more reason, if they were promised dividends at around or above the same level, which they would not get as bondholders. With an agreement that if profits increase so would dividends.

Otherwise, why give up their coupon, and I would expect share price to be above the level that it is now, in 4 years time, so all this, they make 300% now, is poppy cot, because you would expect they would make even more if they held. I wonder what date you need to have held the share on to vote.

In my humble opinion, we should look at the situation, now, and in 4 year when bonds will mature anyway. If bondholders wait 4 years they get their coupon at 8.25% and the conversion price stays the same as its fixed.

If gold stays at this level, ( or rises ) I would expect POG TO BE GENERATING VERY HEALTHY PROFITS OVER THOSE 4 YEARS WHICH SHOULD LEAD TO AN EVEN HIGHER SHARE PRICE THEN .

So my take on it, is we should rejoice if they convert now as it will reduce debt, now saving that interest leading to even bigger profits and recommencement of dividends. Please people, don't harp on about the conversion price, tat was set at the outset. We would be in the position we are now ( pox hub fully operational ) without that money.

Hi George123 yes still hanging in there.

PVX233, Pogs intention is by 2022 to process all its own ore, unfortunately, we have a very large shareholder with a lot of reserves who wants them processed. ???

You can talk about edibta all you want, What I want to see, is cash, real cash and it increasing, you also fail to talk about that is going to happen with the $500 million of bonds that need sorting. Now I would expect, we SHOULD be able t defiance these ( hopefully we will also have some cash to reduce these ) I still don't know what the figures mentioned in the report were which had reduced. DO YOU ??

As per the valuation against POLY, I am not Retired Banker, and I agree with you that the only "true" comparison is against them. I am not saying the company can not regain, and surpass previous valuations, but, it is not increasing 50% per year, its only increased productivity because of third party concentrate and only got nearly back to levels it was years ago producing all our own.

The big plusses as you rightly point out. Are the pox hub, the price of gold, and the fact that Pioneer should be completed by the 4th quarter which puts us in a even better position.

But I still do not see the production, muted here, and am still sceptical about the profit. Time will tell. BUT, I want this to continue to grow and prosper.

Normally with EGM,S you can only vote if a shareholder on a certain date. Heard nothing from UGC in last couple of days, it would be great to see the company allow then to convert to shares, but, too late to vote.

Latest 2 one related to EGM IN august.

Second one Norges bank changing to voting shares from instruments. Who are they voting for. ?

PVX233 1 MILLION OZS @ £2000 would give a valuation on how its split.

The percentage split between processing our own and buying in third party concentrate. Depends on how much we pay for concentrate. As for POG growing, we used to process what they are saying they years ago, and that was without third party concentrate, so i don't know whee your 50 % growth is coming from. ??

Interview with Pavel courtesy of Paulh143 Well worth a read, answers a number of questions. I hadn't seen this before, just a pity this time of thing is not done more often. Always seems to happen when there is shuffles and scuffles in the boardroom.

All MOST, shareholders ask for is clarity. The below is a start.

MikeSE1 Thank you for that information, so its not actually a company its an individual. That clarifies a lot relating to TEMI.

rbrand, thanks for that, I believe in telling it the way it is, if I think something is good, I say its good, if I dont like it I say I dont like it. If anyone is ever struggling to get to sleep read back on my posts. I will make an opinion, occasions I will get it wrong, I am only human, if something is very wrong, I will point out that it is not correct. I have said for years thee is a lot of upside, there still is, BUT, I have also on numerous occasions alked about the ceative accounting the company has used, including using helicopters for settlements of debts.

I have also talked about more clarity and just today there are a number of things in the results, which are questionable. Now I am not saying thee is anything dodgy, but, It is NOT clear. A prime example is how much cash did POG have at the end of the period. I have not got a clue, Answers on a postcard please.

The big question I would ask is, Why is there not more info on Augustinia and their owners . I have found nothing, why what is there to hide.