Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
No. The company issues various Notes and skipped the coupon payment too, so that would be just part of it.
“ what is your rationale for being here and spreading dispersion on anyone trying? Why would you even bother if if think it's all over.”
I didn’t say there was no hope/it was all over.
I did think that your approach was moronic on so many levels not likely to yield results.
But, that’s just me. I suggested what I thought may yield results for the POG shareholders - though, like me, plenty on here we’re telling people this wasn’t an investment.
I apologise Lawrence, you know best: best of luck with your strategy.
Rbrand, “ I was an avid watcher of RT, which is why I know a lot of thing about UK”
Lol, there is nothing I could add …
1. Sanctions are legal, even if you don’t like it.
2. You may get something back doing nothing and leaving it to Administrators.
3. Very much doubt writing letters in the style posted will engender much sympathy or get you anywhere.
As lots have pointed out, legal settlements come before shareholders, the question is do shareholders have a legal issue with the BoD, some avenues have I believe been pointed out.
But fair enough, that’s just my opinion, If you think taking the government to court is a better approach, go for it…
@rbrand. Try writing sentences. I’m assuming English isn’t your first language, maybe try writing shorter, declarative statements. It will help others understand the view you are trying to present.
As for the person you mention: a quick on-line search reveals he’s worked extensively for Russian state media.
He’s sanctioned: tough luck for him. War isn’t ending anytime soon, so he’d better get used to it.
Fair enough Lawrence you seem to think by penning a letter railing against illegal immigration will help your cause, nobody was arguing against your statements, just how you go about it - may do more harm than good. Good luck with the letter writing.
“There are UK pog investors of all kinds so cut it out .”
Whether you are correct or not isn’t the point. The point I made, but I think you’ve missed, is this, brining up the topic of illegal immigrants - do you think that has helped your cause? Does that engender a sympathetic response or more likely result in the letter being tossed into the bin?
I think better avenues for recovering funds have been suggested.
You won’t get anywhere with legal action against the government sanctions.
You are better off determining if there are any cases where best interests of shareholders may have been flouted, if any, of course. Think a few people have suggested avenues there.
Lawrence,
Do you think writing a letter to your MP and others referencing the preferential treatment, as you see it, of illegal immigrants is going to be a positive for your campaign?
Honestly, probably doing your cause more harm than good.
Also, for shareholders, last in line for payouts - as has been mentioned before, if there is a legal action, you’d be up in the list of payoffs. So maybe better off looking at actions done the last few months. It’s been pointed out several times Lawrence, but you write emails about illegal immigrants and see how far it gets you.
Just re-read and it does seem as if it’s gone from his ISA. Might be that ISA can only be used to hold listed securities? Now that POG is delisted. May check with individual providers.
Is that correct from ‘email’ post it seemed more of a systems thing, the account can’t hold listed securities, hence moved to an investment account.
I would double check, from what I read below, it seemed like any re-list etc would be back into the ISA.
Honestly, I think anyone in government would be incredulous that someone would invest in only one single stock. Not even a blue chip defensive stock either, but a ftse-250 gold mining firm with geographic dependency on Russia.
The Administrators have an email for shareholders, I’d try emailing that and ask to be put on any mailing list.
There are a few things that on the face of it seem odd - why would the subsidiaries opt out of bankruptcy protection offered in Russia? (If that’s what happened)
At least now you have an independent Administrator making the decisions, wait and see what they think.
Tiger,
Any broker would go through regulatory checks.
Part of that will be systems. So much of a muchness.
Barclays stockbrokers/smart investors are for retail customers. So the ‘about to’ would be them then…
The serious investors can already trade those markets using BARX.
You still own the shares. Some brokers will have shown the holdings whilst the shares were suspended but removed them when they were delisted.
It is probably and IT thing - their systems won’t handle delisted shares. In theory you could still trade them over-the-counter but in practise your online broker won’t handle them.
Maybe just confirm with broker your holdings and let the Adminiatrator know, if they return anything to shareholders, you’d get something.
“ Shareholders are actually an asset if they want to be listed again, shareholders with nothing are not.”
They’ve delisted. Administrators may get something to shareholders, but it would be a new prospectus etc if they were going to relist the shares, at this point in time, I think that is unlikely.
“ Poly just stated no bid for pog " the company is bankrupt nothing to bid for"
POLY aren’t going to bid for a Russian company (or assets) given they are looking to divest from the region. The statement may be true of the PLC, hence the bids for the underlying assets.
Bit surprised by the quote though, that seems a bit blunt :) do you have a link?
“Who else thinks the POG BOD..”
No. I’d strongly advise retracting that. You can’t go around accusing people like that, you open yourself open to defamation action.
“ Why do you care cwwx? Have you got shares? If not then why bother bothering”
He does. He is just pointing out to the ‘Professor1’ that the Russian subsidiaries are separate legal entities registered in Russia.
Honestly, think you are better off asking the Administrator about it and if those entities are guarantors of debt issued by the PLC.
Professor1, you are quite right. That doesn’t stop UMMC bring claim in Russia against the Russian subsidiaries (it’s explained a few times in the messages, re: subsidiary’s being guarantors of PLC etc.)
They are not a massive company so probably didn’t create their own font, I’d crop out the logo though and use the name.
I’d maybe not use company assets (logo) downloaded from their website on that ‘gofundme’, I’m guessing they wouldn’t sue you over it … but, maybe better safe than sorry.