Member Info for rustybucket

I have long maintained that I didnt think Pavel had any "skin in the game" The RNS proves that. Interesting that he has purchased at 13p ?? Why didnt he purchase at lower price ??

Director/PDMR Shareholding



Purchase of Shares



Petropavlovsk PLC ('Petropavlovsk' or the 'Company') announces that it has been advised that on 30 December 2019, Dr Pavel Maslovskiy, Chief Executive Officer, purchased 17,400,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a price of 13 pence per Ordinary Share.



Following this transaction Dr Maslovskiy has an interest in 17,400,000 Ordinary Shares representing approximately 0.53 per cent. of the Company's issued share capital.

The Notification of Dealing Form provided in accordance with the requirements of the EU Market Abuse Regulation in relation to the above transactions is set out below:

Notification and public disclosures of transactions by persons discharging managerial responsibilities and persons closely associated with them.

Not a bad sign though. In my opinion.

The amur bridge was supposed to be completed earlier, but as I remember one side completed theres fairly quickly whilst the other took their time. They don't own it any more so are relying on the relevant authorities to sort it. Don't think we can blame the bod for this one.

nouncement.
(Incorporated in Hong Kong with limited liability)
(Stock code: 1029)
CONNECTED TRANSACTION
DISPOSAL OF A HELICOPTER
The Board of IRC Limited announces that on 13 December 2019, LLC GMMC
(a subsidiary of the Company) and JSC “Pokrovskiy mine” (a subsidiary of
Petropavlovsk PLC) entered into an agreement pursuant to which LLC GMMC
agreed to sell, and JSC “Pokrovskiy mine” agreed to purchase, a helicopter at a
consideration of approximately US$4.9 million.
The Purchaser is a connected person of the Company for the purposes of Rules 14A.07(4)
and 14A.13(1) of the Listing Rules as it is a subsidiary of Petropavlovsk, the holding
company of Cayiron Limited. Cayiron Limited is a substantial shareholder of the Company
holding 31.10% of its Shares. The transactions contemplated under the Disposal Agreement
therefore constitute a connected transaction of the Company under Chapter 14A of the
Listing Rules.
As one or more of the applicable percentage ratios (as defined in Rule 14.07 of the Listing
Rules) in relation to the Disposal is more than 0.1% but less than 5%, the Disposal is
exempt from the independent shareholders’ approval requirement, and is subject only to
the reporting and announcement requirements in respect of connected transactions set out
in Chapter 14A of the Listing Rules.
1. INTRODUCTION
Friday, 13 December 2019: The Board of IRC Limited announces that on 13 December
2019, the Vendor and the Purchaser entered into the Disposal Agreement, pursuant to
which the Vendor agreed to sell, and the Purchaser agreed to buy, the Helicopter for the
Consideration.
The Purchaser is a connected person of the Company for the purposes of Listing Rules
14A.07(4) and 14A.13(1) as it is a subsidiary of Petropavlovsk, the holding company of
Cayiron Limited. Cayiron Limited is a substantial shareholder of the Company holding
31.10% of its Shares. The transactions contemplated under the Disposal Agreement
therefore constitute a connected transaction of the Company under Chapter 14A of the
Listing Rules.
LR
14.58(1)
LR
13.52,
Note 5
LR 13.51A
LR 14A.68(2)
LR 14A.68(2)
– 2 –
2. INFORMATION ON THE HELICOPTER
The Helicopter is owned by the Vendor. It was purchased by the Vendor prior to the
initial public offering of the Company in October 2010.
The Group currently leases the Helicopter to MC Petropavlovsk, a subsidiary of
Petropavlovsk, pursuant to the Subsequent Renewed Helicopter Lease Deed. As set
out in the paragraph headed “Termination of Connected Transaction – The Subsequent
Renewed Lease Deed” below, the Subsequent Renewed Helicopter Lease Deed will be
terminated with effect from Completion.
As at 30 November 2019, the unaudited net book value of the Helicopter was
approximately US$5.2 million.

I am with you bald eagle thats why he is filtered.

Shroeders mustnt have contacted stt1 amazing how they can build up such a stake on supposed very low volumes and trades.

Yes I did shedulike, got it wrong again sorry. Thats what happens when you try to post between work. Sorry

Tuscans rationale is not entirely unreasonable as if they are bond holders its like an each way bet. I am sure they have a reason for their stance and it could well be something that we are not aware of which gives them a return whether share price goes up or down. WE ALL KNOW they would like the pox hub or at the very least to use it.

useful posts. You have to be joking. A one person crusade to crucify the company. Thats why its filtered.

Shedulike, thats all well and good if there is low trading and you can control the market.

I often refer to years ago I think it was VW. Someone had a large short as the company was in trouble but then there was a takeover and the shorters got badly burnt. Maybe Polygon are playing some sort of each way bet. I am sure there will be a reason and or a rationale to their position.

Shedulike, How would Polygon attacking the share as you put it to try and get out of the position send the price down. Surely to close a short you have to "BUY"the shares

In my opinion Scotland cant afford to go it alone. They get too much from England. Years ago the North sea oil would have supported them. Not now. All my opinion.

LOTS OF TRADES BEEN MATCHED AT THE END

12-Dec-19 16:35:28 13.00 3,871,380 Buy* 12.94 12.98 503.28k UT

if Pog never entered the FTSE 100 its market capitalisation at one time was enough to get it into the FTSE 100 But as I believe they only meet every 3 months by the time they met the downturn in the share price started and continued for years,

They certainly were in line for promotion to the FTSE 100 BEFORE THE DRAMATIC REDUCTION IN SHARE PRICE SCUPPERED THOSE PLANS.

Yes Jimmybob, I have been here a long time. I have heard many empty promises from The 2ps so am always sceptical. The reality is though, I actually think we are in a better place now than when we were a ftse 100 company. But, there is always that doubt in my mind that these "deals" they find are more designed to suit themselves and get some "skin in the game" than for the benefit of us. I have posted many times that Peter nearly broke the company by gambling on the gold price so all those people who say "the hedges are about to run out" should remember the past. Because if we had hedged then, we might not have got into this sorry mess. And I am sure that if Pete didnt put up his stock as security for his gambling on the gold price, and losing, he might have managed the company differently.

That though is in the past, the pox hub is up and running and we have the opportunity to process our own gold as well as for others such as Polygon. That should hold us in good stead. This is though POG and nothing is ever as simple as it should be. But, no reason , if they get it right that this company can not prosper and have a share price well in excess of the prevailing price.

Lawrence13, over the years you have been pulled through the mill and have had a lot of negativity, you have remained patient, and maybe you can find some solace in the fact that at least you can see some positivity.

The main thing about this share is, in the past when it blows it blows and 10% swings per day were commonplace. If and hopefully when the company can confirm that it is on track and all the empty promises of the past are behind them, hen in my opinion only, there is absolutely no reason why it should not get back to the glories of the past, as I ow think it is better positioned. Still a long way to go but, as the market capitalisation increases there will be more interest and the debt doesnt look as bad. I still want to see them reducing the debt hen they mature. Even if its just reducing a bit at a time whilst still investing in the future.

In a word NO. The interest can be offset against profits but not the capital.

it was not a trade it was the balancing of the books at then end of the day the ut

And another positive RNS to boot. Unfortunately this during the blinky and rhythmn one ownership has never transferred into real profit. I keep my fingers crossed that it can this time. The market cap based on the potential is ridiculous, but if the company can at last deliver it will take care of itself.

But after so many false dawns I now dont expect any more. I just hope.

No it relates to the voting at agm

30 July 2019
Petropavlovsk PLC
Resignation of Mr Bektas Mukazhanov, Non-Executive Director, Petropavlovsk PLC
Petropavlovsk PLC (‘Petropavlovsk’ or ‘the Company’) announces that the Board has today
accepted the resignation of Mr Bektas Mukazhanov, Non-Executive Director, Petropavlovsk,
with immediate effect.
Mr Mukazhanov, who was appointed as a Non-Executive Director of the Company on 27 July
2018, was an Investment Advisor at Fincraft Holdings Ltd, the Company’s major shareholder.
As announced on 16 July 2019, Fincraft Resources JSC has sold the entire share capital of
Fincraft Holdings Ltd to Limited Liability Company Research and Production Association Altair
and this has led to Mr Mukazhanov’s decision to resign. Fincraft has been a long-term
shareholder of the Company joining the share register in December 2017.
Dr Pavel Maslovskiy, CEO, comments:
“I would personally like to thank Bektas for his informed and constructive contribution to the
Board during his period as a Director.
I would also like to extend my thanks, and that of the Board, to Mr Kenges Rakishev, and to
Fincraft, for their valued support to the Company.
The Board welcomes our new major Shareholder and looks forward to engaging with them and
to establishing a constructive relationship.”

That is old news that was voted on as below

Update Statement following 2019 AGM Voting Outcome



In accordance with the requirement of Provision 4 of the UK Corporate Governance Code (2018), Petropavlovsk PLC (the 'Company') is providing this update following significant votes (defined as above 20%) against the following resolutions at its annual general meeting ('AGM') held on 13 June 2019:



· the election or Mr Bektas Mukazhanov (Non-Executive Director)*.

· the re-election of Sir Roderic Lyne (Chairman)

· the re-election of Mr Robert Jenkins (Independent Non-Executive Director)