Member Info for rustybucket

Kenj maybe something to ask investor relations about. Anya was very quick to get back to me with a question I raised.

I agree with your post, but, were these not changed when IRC did not meet payment deadlines.

Kenj why, is the 2nd interim loan bad news. It is to be repaid in 2019 after refinancing. keeps us in terms of ICBC loan which is to be repaid.

In the interim, the Company has agreed to provide IRC with a further bridging loan, in the amount of US$27 million at an interest rate of 16% p.a. (the "Bridge Loan") to enable K&S to pay its half-yearly debt service of interest and principal due under the ICBC Facility on 20 December 2018. The bridge loan will be repaid to Petropavlovsk upon full completion of the New Facility which is expected to be in late February 2019. The Company has also agreed to extend the existing bridge loan of c.US$30 million to the later of utilisation of the New Facility and 21 March 2019. Taken together the two bridge loans due for repayment will amount to approximately US$57 million. In addition to this IRC will repay to Petropavlovsk the guarantee fee of approximately US$6 million owed by IRC to Petropavlovsk in respect of the ICBC Facility and certain other associated costs.

The bridging loans will all be replaced when the refinancing is sorted in march 2019. We are guaranteeing tranches of the new loan facilities , the guarantee will initially reduce, and hopefully as the loan term is a longer term IRC will be able to repay. Interestingly the company supplying the loan is a company that is also dealing with POG for gold and has provided the facilities to make this loan, so if IRC cant pay I would suggest we would be liable but, could get money for forward pricing of contracts, from free cash flow, and or using the pox facility to process gold for other companies at a profit to ourselves. Positive update, especially as we now know who is providing the facility, and at a lesser rate than ICBC facility.

For starters they used the new 4500m facility to repay the bank debt, but over a longer period of time,

Original bonds, we don't know what will happen as they have a convertible option, if we start making "real money" they might convert.

People forget we can use the pox hub to process other companies gold " at a cost to them" and a profit to ourselves.

No, the other people either ignore him/or her have filtered him/or her or have already submitted and ran.

Anyone with half a brain can see that every single thing is twisted to suit the agenda. In my opinion " a parasite "

There is a lot of paperwork that needs to be done in these types of deals including dotting the is and crossing the ts and no douby legal teams will also be involved because of the guarantees so it isn't simple.

there is also the fact that markets are in turmoil due to brexit. Don't know about teleweb, but, maybe an appearance by the teletubbies might add some interest.

Yes, still here. Stupidly, I have not sold 1 share.

Will be here till the end unless it ever gets to £10 then might sell some. Time will tell.

All the best to you.

I dont expect the UKLA to do anything other than follow the rules. POG need to have a vote, if we have the vote, hopefully its because the loan has been agreed. One step closer to a more prosperous POG.

I beleive thats what all shareholders are looking for.

Kenj and you think the "Real Value" of POG could be bought for £190.16m ??? Using your style. If someone wanted to buy POG now, Do you think the price they would have to pay is £190.16. Nothing more, nothing else, simple question.

drooping. I know other things that droop. ( lol )

As usual copy and paste. I never said I disagreed with the valuation its factual at this minute. That doesn't mean that's the real value in the company. That's the point I made. As usual you like to twist it. No problem, your view, with a negative slant again, as usual. No point in any more conversation, as if it doesn't fit your opinion its wrong.

Please don't reply it does get rather tedious.

Kenj and you think the "Real Value" of POG could be bought for £190.16m ???

I personally don't think they could buy POG for 5 times that which to me suggests we are well undervalued. ( as long as refinancing of IRC is completed )

WTFDTM

who ever is prepared to lend them normally for a price.

Black rock were famed for this before getting burnt and squealing.

The other way today

its the UT again, just this time higher, irrelevant really. Will probably now start tomorrow lower.

The theme for the day.

Traumatised Turnips, why not Paralysed Parsnips

update on website including saying they are still talking to existing loan provider.