Member Info for Whosnext

Date 07 Jul Broker Peel Hunt
Recomm. Add
Old Target 31.00
New Target Reiterates

be sure they are partners with UGC
UGC may want to expose itself as little as possible

"Analysis of the voting shows that the votes against the existing board members were cast almost entirely by four shareholder groups - Joint Stock Company "Uzhuralzoloto Group of Companies" ("UGC") (22.37%), Everest Alliance ("Everest") and Slevin (12.09% combined) and Fortiana Holdings (4.62%)[1]"

I have naive question
Could a long-time shareholder and would like to gather data for the next vote? by p rivate m ail?

A. Number of shares
B. I voted at the AGM in June Yes/No
C. I will vote In three months:
a) I will vote for all clauses
b) I will vote for all clauses except No. 19 and No.20
D. I think keep my stake Yes/No
Etc... (Name, username ...)
The idea is to evaluate small shareholders pool of votes
I will see Lawrence, who did not ask for anything, I agree, in this mission of trust :-)
Who knows, if the number of shares is significant, the result could be interesting for P. Hambro

First of all, thank you to Norges Bank (even if they don't read me) for having the courage of its opinions and for allowing small shareholders to have an additional source of information

Norges Bank and UGC clearly do not have the same interests

NORGES BANK VOTE AGM 30/06/2020
" ... Norges Bank Investment Management’s, the asset management division of Norges Bank, approach to responsible investing includes disclosing our voting decisions. This is only intended to provide information and is not solicitation or encouragement as to how others should vote. ... "

Vote
1 Accept Financial Statements and Statutory Reports For
2 Approve Remuneration Report For
3 Approve Remuneration Policy For
4 Approve Long-Term Incentive Plan For
5 Appoint PricewaterhouseCoopers LLP as Auditors For
6 Authorise Board to Fix Remuneration of Auditors For
7 Elect Charlotte Philipps as Director For
8 Elect Ekaterina Ray as Director For
9 Elect Danila Kotlyarov as Director For
10 Elect Maxim Kharin as Director For
11 Elect Fiona Paulus as Director For
12 Elect Timothy McCutcheon as Director For
13 Re-elect Dr Pavel Maslovskiy as Director For
14 Re-elect James Cameron Jr as Director For
15 Re-elect Damien Hackett as Director as Director For
16 Re-elect Harry Kenyon-Slaney as Director For
17 Re-elect Robert Jenkins as Director For
18 Adopt New Articles of Association For
19 Authorise Issue of Equity Against
Vote rationale: Other issues regarding effective boards or shareholder protection.
20 Authorise Issue of Equity (Additional Authority) Against
Vote rationale: Other issues regarding effective boards or shareholder protection.
21 Authorise the Company to Call General Meeting with Two Weeks' Notice For

same thing for me

has anyone managed to connect to the AGM ?

Is there an element of response in the vote ?
Of course, if no large or medium shareholder voted like UGC, Everest Alliance, Slevin and Fortiana Holdings; then it is reasonable to think that UGC will lead to the purchase of its assets at a low price or to underestimate them in the context of a merger, for example ; Or that the refractory ore will be purchased from UGC at a high price
History repeats itself. It cannot be said that there is the benefit of doubt

Is it possible to know the vote of other large shareholders ?

The time has come again; it is time to believe that small shareholders, by mobilizing in the next vote can contribute to the destiny ( futur) of POG

... or Pavel The Great !
I'm hesitating
hoping it's not too early to tell

Considering the weather forecast and the fireworks on the stock today, I wonder if we haven't lost an opportunity to do the AGM outside ; somewhere like Hyde park

... and hope not to see the expression 'down the pan' untill the week end

For me, anyone who claims dividends at this early stage of our recovery is a real bloodsucker.
If I was a major shareholder and wanted to take control of the company or increase my share of the capital cheaply, I will do it. I would pray that the company lacks cash and has difficulty refinancing the bonds ; So I would have chances to access new convertible bonds on famous terms

It's lamentable, POG needs to breathe and its employees probably want to stop reliving the difficult moments

As a shareholder, I am satisfied with a 100% (even 50%) increase in shares per year! In any case 3% dividends would not make me dream

Suggestion: allow small shareholders to buy any future bonds by lowering the amounts from 200,000£ to 10,000 or 20,000£

Just an other opinion

We agree, Kenj
this is probably the only way as things stand
We won't have a mountain of cash that will allow us to do both

Rusty,
Clear !
It's as simple as that
I dare add c) to buy more refractory ore "we" will need and increase production

That the price of POG goes from 24p to 25.5p and this could be equivalent to 10 years of dividends; also the stakes are not there ... except perhaps that dividends might rebalance the interests of shareholders in relation to bondholders

I'm afraid you're right

The question is can IRC be profitable quickly?
Normally, the iron ore price should help us. it's at its highest over the past year.
Iron Ore CFR China 65% Fe Index Futures June 2020 / 114 USD
Iron Ore CFR China 65% Fe Index Futures Sept 2020 / 106 USD

https://www.researchgate.net/publication/302953150_Pressure_oxidation_of_double_refractory_gold_concentrates

"...Historically, the company's quotes were under pressure due to the existence of a guarantee for an IRC subsidiary overloaded with debt, but the company recently sold it and this problem was solved"

I CAN'T BELIEVE IT !!! IRC sold, I dare not believe it; what impactful news !
Thank you WestEast for these multiple sources of first-rate information

Why not finance POG by issuing 10% of new shares at preferential prices (for example at a price of 0.20£, a slightly higher price than the board was willing to grant for TEMI) ? This issue would be reserved (primarily ?) for shareholders up to the maximum of 10 or 15% of their portfolio depending on the level of subscription.

Capital 810M
Issue: 10% capital x 0.20£ - 66 million £
Financing TEMI without debt
This would also respond to increased interest in POG shares following its entry into the LSE
No losers, only winners.

I would remind you that, wherever it is, business management spends a lot of time putting in place security measures against the Covid-19, even if the virus is not there yet. Admitting the results are satisfactory then argue over 15 days of delay as a failure would be a bit narrow-minded. Just my opinion. Our interest as a shareholder is also to let the board work as long as it does not go against the creation of value.

NOT SO BAD !

29 April 2020

Petropavlovsk PLC

Update on the Proposed Exercise of an Option to Purchase 25 Percent of Temi LLC

Further to the announcement made on 16 April 2020, Petropavlovsk PLC (the "Company'") announces that the Company held the adjourned General Meeting today to consider two Resolutions whereby the Company would exercise an option agreement to purchase 25% of TEMI LLC as detailed in the Company's Circular to Shareholders dated 27 March 2020. Subject to shareholder approval, the Company has the right to complete the purchase both in cash and in shares.

Since the decision to seek shareholder approval on exercising the option was taken, market conditions have altered significantly as a result of the Covid-19 pandemic. The Company's share price is currently at a level which is more than 40% higher than the price of £0.179 per new Ordinary Share agreed with the vendor, Agestinia Trading Limited. In the current volatile environment the Company is focusing on ensuring a continuing satisfactory liquidity position.

In these changed circumstances the Board of Directors understands the lack of majority support from shareholders for the exercise of the option agreement on its current terms. The Board accordingly announced at today's General Meeting that it was withdrawing the two Resolutions.

The Company has until 21 May 2021 to exercise the option and the Board and Management will review the possibility of exercising the option over the year ahead, in the light of future market conditions and in the interest of shareholders.

"Adjournment of General Meeting Due to Logistical Challenges Associated with COVID-19"
--> 29 April 2020