Member Info for rustybucket

mdunsire, Kenj has already stated it is Nominal Value. If you don't understand this, you should seriously consider whether you should invest, it is basic, as for anybody taking hits, you take a hit when you SELL. Nobody has forced anyone to sell. I dint hear people panicking when the price went up from 10p to over 30p. These are share they go up AND DOWN.

shareholder backers, Do you not understand They voted AGAINST it, totally contradictory to your posts !!!!!?????

Mdunsire, You posted that the newcomers were trying to create more shares. That was and is Rubbish because Pavel and co proposed it. End of !!!!

Retired Banker, I know too well that it went from over £10 down to less than 5p after the rights issue. I also know the reasons. This time I do believe it is different, I have posted many times on Peter Hambro gambling on the gold price, and losing, but since then they have taken a different approach. With the money, it has cost to build the pox hub, and the potential it creates, it means we are in a different scenario to most of the other companies.

As I said earlier, it was my opinion, that it would not go down to those levels, I can not see that happening, just as I posted that in the short term I could not see it going above the price you stated. I could be wrong, its an opinion. As for the convertibles, I agreed it would put a hold on the share price initially, that was because the pox hub was still being built, and if i REMEMBER CORRECTLY THE CONVERSION PRICE WAS ABOUT 8P.

I do not profess to know all the answers, but you have had very little positivity for POG over the last 12 months or so, and openly posted that you had sold on a number of occasions. Good for you, Its never wrong to take a profit, All I was doing was countering your argument, in case, someone like Lawrence13 got spooked by this, and sold out only to regret it later.

Now, I agree with you that we have got to know, a little about each other, like in the past, Kenj and I , always seemed to disagree. Sometimes we now agree, But whenever I post, it is either factual info, OR, MY opinion.

In this particular case, I repeat, I can't see your potential "targets" coming to fruition. I haven't got a crystal ball and I have not got any more answers. Just a little bit of intuition. Stay safe, and good luck with your investing strategy, whatever suits you.

mdunsire, that is an absolute load of rubbish !!!!!. The old board proposed that, UGC rejected it.

The reality is we need to have new shares when the convertibles mature, and maybe a rights issue was one of the ways they were going to be able to repay some of the debt.

Newcomers don't give the resolutions to be put forward at an AGM. The present board ( or they were until yesterday ) proposed that. It was rejected by UGC. That would suggest They DO NOT, want extra shares as that would reduce the percentage they own.

Lawrence13, don't read all the things you read n bulletin boards, even from me. The people who write them are faceless, to you. and may have an agenda, Retired Banker, has talked the share price down for the last 12 months, whilst posting the names of shares he thought were better investments. You bought shares in the rights issue at 5p. You are sitting on a nice profit. The company itself has not changed in the last 48 hours, just a large company, using its votes to disrupt. Shareholders will get the opportunity to put those wrongs right.

My personal opinion, for what its worth, is if UGC had call meeting asking for the board to be removed, people would have smelled the coffee, and voted them down, But unfortunately there is a lot of inertia with voting at AGMS, AND THEY TOOK ADVANTAGE OF THAT.

Roll on 3 months time, lets see how things are then. As a footnote, I have not sold 1 share and have no stop losses. If the share price was to drop. I would consider topping up. My opinion only.

Retired Banker, I don't think you will get either price, in the short term, and personally I think even posting things at 10p level is ridiculous, I thought better of you.

If It ever gets that level, I will apologise, but I just do not see it happening. My opinion Only.

Very simple, for the benefit of the POX hub.

But that is assuming they want to take over, that is basic guesswork.

They may just want to show the board the power they have in order to maybe, negotiate for processing of there concentrate. Time will tell.

I would suggest there would have been some spooked by the happenings, but, honestly believe, that the way the stockmarket, is run now, there are a lot of people who have stop losses, and I would suggest a number of these have been triggered, like one poster yesterday. That is the problem with stop losses because they can be seen in the order book.

The problem with markets now, is, as a lot of the trading is done by algos and stop loses and auto purchases, tat when the market falls it is exaggerated. But, when the market goes up the same applies. That is why we have bigger swings nowadays.

Dark_Knight2020 No they did not, they just changed from convertibles to shares something they have done regularly lately

CoFe Peter Hambro is there to make sure that the company is able to run effectively, whilst they sort out what is happening. As one of the founders, it is in better hands than to let the predators loose.

Kent are you sure that is the case, I believe the old bod including Pavel, elected the new 4 as there parting shot, to keep a hold of the reins.

Lawrence13. Its not a done deal, Remember Sapinda and remember Last boardroom coup.

The board Pavel and Peter have bouncebackability. Its not over till the fat lady sings, and she can't talk yet.

WILL be very interesting to see what the UT is at class of business. Amazing how quickly the euphoria of a Moscow listing can be tarnished. Interesting few months.

The reality is, the company itself, is on a very good footing.. Which is why these philanderers want to try and wrestle control. They have fought before, and I will guarantee that they will fight tooth and nail to keep control. ( By they I mean the founders ) who the company is named after.

In my opinion they do not have the liquidity at the present time. I refer back to TEMI, WE COULDNT afford to buy it for cash.

Yes KRSS WHICH IS WHY THE PRICE IS DOWN. These guys wouldn't pay a premium, if they want it they will want is as cheap as they can get.

Where are the get rich quick brigade who only weeks ago were talking about the fantastic merger prospects with these guys ?????

it will be delayed just like the last update was. Thats the least of the problems at the moment.

I believe they will make sure shareholders get to vote, by maybe for once sending the forms out old style by paper.

Mdunsire. Your post " Now we also know why they listed in Russia " what a ridiculous statement. !!!! So they listed in Russia for Pavel to get ousted. Me thinks not. I believe the coup is designed to give the very people you mention control, But I can assure you Pavel did not see this coming.

Roderick Lyne asking him to answer questions previously asked, Peter has listened to what prosperity has said , Peter will take into account views, Roderick Lyne has said that if any shareholder has any views, they should be set out in writing to the new board. Someone wanting update on debate to takeover panel, advised to speak to investor relations. Peter Hambro finishes, he will be appointed at end of meeting. Dividend policy will be as transparent as possible. Thanks Sir Roderick, and outgoing directors. Most grateful for support they have put in me. Says he will be happy to take personal call from person who asked about the takeover panel. Poll results will be announced through regulatory news service RNS AND ON WEBSITE, A number have failed to be adopted, A statement will be forthcoming. Thanks management and colleagues on board for support. Independent directors who have not been re-elected are all very experienced people grateful to all and regret they have not been re-elected. 8 board directors for interim period hasbro aly maxim hail ugh 5 independedny jame s cameron smith cathay ray charlotte ray meeting over