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something very odd here with some of these buys coming in after that RNS ... trading at 1.49...
~£55k of shares traded today - and posts well over trades...
its quite obviously ludicrous to say talks have concluded with no price determined the price is literally the key part of any talks - as is "my mate is there in russia" he told me so - nonsense. There are billions of reasons why all of this is sensitive non public info else share price would either be bid only at x higher, or sold down to nothing by now. Like Shaun and most, am long and very constructive, and there is every chance (and my belief) that something is in the works, but no point spouting nonsense for the sake of it... GLA
just pushing the comment volume up...
all done it seems - nothing to see
whats going on now ? lengthy auction or something happened that i've missed ??
unfortuntately i believe POLY said in AGM its a great fit / asset but not one for them right now given their similar handicaps
Anyone got a clue what the ADFV N "gold penny share to buy right now" in special report is ? don't want to get spammed with it all but curious if its this type or some 2 bit nothingy company...
dont panic either - its going to be touch and go if comments > trades by CoB today too... v tense
hmmm chats > trades...
on reuters link via IG this morning 6.30
05/23/2022, 06:32
UMMC may buy gold mining company Petropavlovsk
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Kommersant has learned that the Ural Mining and Metallurgical Company (UMMC, Verkhnyaya Pyshma) is considering buying the assets of the gold mining company Petropavlovsk. At the end of April, Gazprombank, the company's largest creditor and sole buyer of gold, transferred to UMMC the rights to claim a $201 million loan issued by Petropavlovsk. The company was unable to service it, having defaulted, after Gazprombank was included in the UK sanctions list.
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Photo: Vlad Nekrasov, Kommersant
Photo: Vlad Nekrasov, Kommersant
UMMC and Petropavlovsk do not comment on the possible deal. According to one of the sources, the UMMC has already sent a petition to the FAS. At the same time, industry leader Polymetal confirmed interest in Petropavlovsk, but there were no specific negotiations.
Petropavlovsk is one of the five largest gold miners in the Russian Federation. The company's market capitalization on the LSE is 59 million, the largest shareholder (about 29%) is Konstantin Strukov's Yuzhuralzoloto. The company's capitalization has collapsed nine times since February 23, and more than 14 times since December 2021. According to analysts, the amount for which Petropavlovsk can be acquired is likely to be close to the company's current market capitalization.
As previously reported by Kommersant-Ural , in January UMMC considered the possibility of acquiring the gold mining company GV Gold (Vysochaishy) from the top management of Lanta-Bank, but the parties did not agree on the price
booom - ummc bid in talks