Member Info for shaun170284

POG shareholder - excellent work and excellent analysis of the situation.
It's great to have people fighting the small PI's side and let's all work together and support the people required to stop this absolute theft of Petropavlovsk assets by "our" supposed BOD, administrators & UMMC.
Please keep us informed PS, any assistance required I'm sure you will get volenteers on here. GL all and let's keep fighting

Captain Swag, that is my major and only real concern. I deal with HL and whilst I havnt done anything yet, have until midday Friday, I don't really see any difference between paper or staying with HL, apart from what if in 1 years time whilst still sanctioned Evraz decide to move to chines / middle East etc stock exchange, could we lose out investmentas HL dont trade in those, whilst people holding the paper certs will be happy???? I'm edging towards paper but then again, everything I've written above could be a load of tosh, GL all with whatever you decide

Signed

Totally agree Risky Gamble. Surly this has to be mentioned tomorrow. How on earth can they of done due diligence into POG's assets in 9 days. The administrators are as bad as the Russian crooks, unbelievable, in a British court of law as well. You wouldn't believe it if you didn't see it with your own eyes.

Completely smell a rat, the price just happens to be exactly enough to pay off creditors, hopefully shareholders can unite together somehow to stop this theft like HUR did a few years back, although they had Crystal Amber fighting their corner! Who have we got? GL all

On 27 July 2022, the Administrators of Petropavlovsk PLC (the “Company”) issued an
application in the High Court of Justice for directions, including for a direction that the
Administrators should be at liberty to enter into, perform and procure the Company to
perform, a draft share sale and purchase agreement with UMMC-Invest (“UMMC”) for the
sale and purchase of the principal assets of the Company (“SPA”).
If and when completed, the sale to UMMC is for a total consideration of more than
US$600m. The Administrators anticipate that the sale proceeds will be sufficient to pay the
creditors in full but without any return for shareholders.
The application was heard on 29 July 2022 before Mr Jonathan Hilliard QC sitting as a
Deputy Judge of the High Court (the “Judge”). On 1 August 2022 the Judge made an order
giving the Administrators liberty to enter into and perform an SPA with UMMC and to cause
the Company to enter into and perform the SPA. In a short initial judgment accompanying
the order, the Judge indicated that he would hand down a more detailed written judgment
later this week, at which any consequential matters arising in relation to the order could be
considered. The initial judgment and the accompanying order are available at the following
link: https://www.bailii.org/ew/cases/EWHC/Ch/2022/2074.html
The Judge has now confirmed that the further written judgment setting out his reasons will
be handed down by email on Friday 5 August 2022 at 10.30am. A remote hearing (with a
time estimate of 30 mins) has been scheduled for Friday 5 August 2022 at 10.30am in case
there are any consequential matters. Any interested party who wishes to attend this
hearing should contact either the Administrators using the contact details below, or the
Chancery Division of the High Court directly at ChanceryJudgesListing@justice.gov.uk.

jackt90 - Did you have to do anything other then apply for your paper cert with your broker?

I'm planning to request mine from HL tomorrow!

You mentioned you had received correspondence from Evraz after this so just wondered if there was anything else I needed to do after requesting my paper cert.

Thank you in advance. Shaun

Nope not miss the anything, most shares are massivly down in the last year or 2. I originally bought in at 315p, still more then happy with that price. Plan to hold this share for many many years. Been purchasing recently in my monthly saver account to bring my average down. But I'm not worried, in this for the long game.
But making your 1st purchase at these prices is a bargain, IMO, just look at all the director purchases in recent months, if its good enough for him....... GL

And again! 3 months since I posted the initial message and the price is down 25% from then. Good for me as I'm still topping up in my monthly saver account, about halfway to where I want to be.
As for today today's update, cracking. Hitting guidance targets, increasing dividends, increased money in the bank.
Just keep topping up at these prices, would be rude not too, see yall after the divi in Q3

Thanks for your comments guys, will wait and see for any updates by close of play Thursday from HL or the Evraz H1 results and then go from there. Thanks again

Just a quick question, I still haven't heard back from HL with regards Evraz shares, I just wondered with the rumor's of listing on other exchanges, wouldn't that be a good thing for HL customers? Most exchanges on HL are available to trade right now (except Moscow) so wouldn't any exchange other then that leave my shares tradeable again? Or am I missing the point?

Thank you in advance.

OK thank you for the reply. Just wondered what the point in your tweet was as it was obviously BS. Yep keeping fingers crossed get something back, we shall see.
As for the telegram. Group thank you for the invite but will stick to doing my own research and reading this board.
GL all

Infinity - you didn't answer my question the other day so I have reposted it below if you could kindly answer it Sir!

I just wondered what your angle is? Are you not the 1 who "tweeted" POG had been sold and a deal was to be announced in days!!!!! We all know what has actually happened! That was back in April time I believe. Did you manage to get out in time as the expense of others thanks to your tweet?

As for joining your "group", I would love to hear your answer to the above before joining thank you!

Regards,

Shaun

Due to the 2022 H1 report being suspended I don't believe we have been told how much gold has been dug up this year. Plus currently the company is still operating normally so surly every oZ of gold dug up during this administration process over the upcoming months / year will together with the 2022 H1 count as current assets. Not sure what that total would be off the top of my head but surly add a fair amount of value to POG's asset value

This administration process could well be a long one. Not only due to logistics issues with Russia but also the sanctions and the implications of them.In my mind I'm thinking the longer this process takes the better the % of shareholders ending up with something (providing Strukov & UMMC are not in cahootze).If the process takes a year or even longer then surly every Oz of gold dug up between now and then will assist us in getting some return. Also how much has been dug up in H1 this year. With them not releasing that with have potential for 12-18 months worth of gold sat in the coffers, plus any free cash in bank, plus net assets of what is in the ground + Pox Hub.Really cannot see how worse case scenario shareholders are left with zilich. Normally companies like this are legitimately bankrupt, hence no value left for shareholders, but POG's situation is considerably different due to us being here purely due to sanctions.Best case scenario is this war ends and life returns to normal for the first time in what seems many many years.GL all, keep the faith, the fat lady's not singing yet, she's only warming up her voice :)Also, how can the administrators pay our creditors (such as UMMC) if they are sanctioned. Surly their value should be given to shareholders instead, wishful thinking I know

Infinity, just wondered. What your background is with regards financing and sanctions? Fair play for giving advice but nobody knows what may, or may not happen..... Nobody knows the true implications of these ridiculous sanctions or the way the Evraz board view British shareholders. I would like to believe they still have our interests as a top priority but the way the vile UK government has treated them I could certainly understand them not concerned with our interests!

Also I just wondered what your angle is? Are you not the 1 who "tweeted" POG had been sold and a deal was to be announced in days!!!!! We all know what has actually happened! That was back in April time I believe. Did you manage to get out in time as the expense of others thanks to your tweet?

Apologies in advance if I am mistaken and it wasn't you that tweeted the above.

GL all

Lol, you don't need to tell porkies anymore tigger, it doesn't make any difference, just keep ya fingers and toes crossed. GL all

Sanctions designed to hurt Russia were, in POG's case the only person making out of this is a billionaire Russian. You couldn't make it up.

Surly the administrators will see this a know exactly what is going on? Not that there is is probably much they can do about it.

Surly if OFSI are aware of this and see that all we are doing is making Russian billionaires "richer" we have legitimate reason for help around the sanctions.

This is a con IMO and the only people not in on it will be ordinary PI's. Hope I'm wrong but thats the feel I'm getting

Another cracking news day, just not reflected in S. P, the story of 2021/22, well I will continue to add to my position monthly as I have been doing, the true value in the company will be realised years from now. GL all

Just the macro economic environment, in a different time this would have popped today and would be considerably higher then it is currently, no biggie, at these prices it just makes it an incredible top up / buy in price. GL all