Member Info for Whosnext

*forum : I mean CHAT

Hello, Do you think this forum could be closed soon with the removal of POG?

TOTHEMOON
We don't need your lessons on stock market diversification
nor to be told that our losses about POG are normal

--> Tothemoon
"POG only had operations in Russia:
- any investor could have been reasonably expected to understand the risks of a company . Specially given the turnover in auditors through the recent past of the company.
- POG never got itself into a position to diversify its operations geographically.
- Investors in POG should have diversified their portfolios. Some on this forum were encouraged to do so over several years."

It's as silly as telling a Ukrainian who had his house razed to the ground by bombs. "You just didn't have to put all your savings in one house". The government by its decisions personally chose to sacrifice Petropavlovsk. Which is understandable. But the community as a whole has to bear the cost of the consequences. This is even more evident if Russian assets are seizable.

Thank you Lawrence, I appreciate

Please add my 804k - LSE

Please add me too : 802k shares
Thanks

Clear!
So the best would be for POG to be allowed to continue doing business as long as possible.
And to prepare our politicians for the idea of seizing Russian assets for compensation

Thank you. I support your positive action. It would be nice if the most competent people send you on your private email their draft to make it easier. This is the time or never to show a certain solidarity.

From my point of view, it is most likely hopeless.
I guess wasting time answering each one precisely is the last thing they like.
You could also state that you understand the need for sanctions causes collateral damage. But to the extent that Russian assets are seized. What stands in the way of compensation for English shareholders?

"I have a contact in Russia who is in banking and he has confirmed it. The only thing is not knowing what the price will be. The deal is done and the envelopes have been passed. They are keeping it close to the chest.
It’ll be announced in an RNS by 14.30 Tuesday."

My contact confirms except for the date of Tuesday; And it is IRC that buys by dedicating 50% of its annual profits

It is possible that at that time IRC was not a major concern of the majority of us. Unless GPB required it for future funding, I already thought it didn't make sense.
Remember, Pavel explained to us that with the bridge, the saving of 5 USD / t. (+ time saving) was a game changer. Meanwhile the price of iron ore had already risen and by much more than 5 USD.

What is unclear to me is the possibility and willingness to stop the sale of IRC in 2021. GPB could have lobbied not to prevent this sale thanks to a consultation of bondholders. We have never had a precise and therefore credible explanation.

The difference is that in 2021, anyone knew that IRC was no longer a basket case ; Even more GPB or POG !

"I invested in a UK company that has its operations in Russia so why penalize their own"

This is called collateral damage. I assume that POG was not targeted. At a minimum, English shareholders (or even small Western shareholders) should receive compensation. That would be a marginal cost in this war.
Or our governments are not protecting us all fairly.

Of course it makes no sense to sell at this level.

If I were in the place of the BOD, I would try to scare the holders of POG's debt. "You subscribe to other Bonds (for those that are due in 2022) or we let POG go bankrupt and you lose almost everything." In that eventuality, we the shareholders would lose everything. It's really uncertain and scary.
Fortunately, as long-term shareholders we always have the possibility to ask the British government to be compensated. The assets seized from oligarchs may well finance all this.
I'm afraid it's a dream.

"i was told they don't want to be part of supplying metal for russian tanks"
???
We were told IRC's business was focused almost exclusively on China.

We'll soon know more, unless the BOD is paid to leave and shut up. This confirms questionable practices. Would IRC be subject to a stock market raid before it became highly profitable?

This would be one more element that would show that selling the IRC asset was nonsense, even a fraud.
As a reminder, the sale of assets took place just before IRC's excellent results.
I dream of the day when I could be (more) positive

Right . Even if not all Russian companies behave like gangters

Last strange example.
It is possible that the IRC Management was fired yesterday despite the very polite announcement.
Probably someone is taking control of it. GPB enabled this, again, by valuing POG's stake in IRC at £10 million.

So no agreement yet
Nothing surprising

Update on Guaranteed Notes and Convertible Bonds

....

"As a result of the acceleration of the Term Loan and/or the revolving credit facilities referred to above, one or more Events of Default under the Conditions (as defined in each of the trust deeds which constitute the Guaranteed Notes and the Convertible Bonds) have occurred. Consequently, the Group has sent Notices of Events of Default to the relevant trustees pursuant to the provisions of the respective trust deeds.

At this time, no acceleration of the Guaranteed Notes or Convertible Bonds has occurred."