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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Petropavlovsk Plc | POG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.20 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.20 | 1.20 |
| Top Posts |
|---|
Posted at 15/7/2022 01:11 by chris242 You got the point ..... why you punish the investors and company cos of the war and sanction which come from no way ?? Shouldn't penalise the company ! |
Posted at 13/7/2022 01:59 by blackhorse23 Feeling bad for all investors |
Posted at 12/7/2022 11:27 by welsh3 Your right mate it's so sad for us investors |
Posted at 12/7/2022 10:52 by pwhite73 chris242 - I agree. This was one of the sillier sanctions. As all of the operations were in Russia technically there were no sanctions against GPB. Had POG being generating revenue in another part of the world and transferring money to GPB that would have been a different matter. All that will happen here is that GPB will seize the Russian mines as security for the defaulted loans and the UK Plc investors will lose everything.It would be interesting to see if POG and its shareholders can sue the UK government for wilfully causing the company to fail. |
Posted at 12/7/2022 10:05 by chris242 Is a good and profitable company, becos of sanctioning kill the company and investors ......so stupid ! The punishment is not to the Russian government, are to the investors from other's countries..... |
Posted at 12/7/2022 07:48 by supercity They did tell investors this four weeks ago on 7th June - no one can say they hadn't been warned |
Posted at 15/4/2022 08:15 by pwhite73 From The Times Ben Martin Friday April 15 2022, 12.01am,"Russian gold miner Petropavlovsk may have to sell all its assets" The crisis engulfing Petropavlovsk has intensified after the London-listed Russian gold miner warned investors it was contemplating a sale of all its assets that might leave them with nothing. Petropavlovsk has been crippled in recent weeks by the fallout of the West’s sanctions on Russia, which have effectively blocked the company from selling gold and paying interest on its debt. It revealed yesterday that it had appointed AlixPartners, the restructuring specialists, to help it find a way forward but cautioned that this could hit its equity and debt investors. “These options include the sale of the company’s entire interests in its operating subsidiaries as soon as practically possible,” Petropavlovsk said. “It is not currently clear what return, if any, may be secured for shareholders or the holders of the bonds or notes as a result of this process.” The warning sent the miner’s shares down ½p, or 17.2 per cent, to 2½p. The shares have collapsed since Moscow started its attack on Ukraine in February, reducing Petropavlovsk to a penny stock. The company was part of London’s FTSE 250 index before the slump in its market value — now only about £92 million — but was demoted from the index last month. The business was set up 28 years ago by Peter Hambro, the City of London veteran, and Pavel Maslovskiy and its mining operations are focused on Russia’s Far East. It listed in London in 2002 on the junior Aim market before transferring to the main market and its history has been marred by shareholder feuds. Both of its founders have been pushed out of the company. Western sanctions in response to the attack on Ukraine have threatened the miner’s future because Britain has hit Gazprombank, the state-controlled Russian bank that is Petropavlovsk’ The miner disclosed late last month that the UK’s sanctions had stopped it from paying $10 million of interest to Gazprombank on two credit facilities. Under the terms of the loans, the Kremlin-backed lender is also the sole buyer of Petropavlovsk’ Adding to the strain on Petropavlovsk’ “The group has limited cash reserves outside Russia,” it warned. “There are legal restrictions in place in Russia which limit the group’s ability to transfer cash out of Russia.” The debt is due to mature in November, when Petropavlovsk will be required to repay the principal and interest in full. “In the present circumstances the board considers that it will be very challenging to refinance the notes,” it said. The company also has bonds due in 2024. Low Russian gold prices could complicate any asset sales by Petropavlovsk, Peter Mallin-Jones, an analyst at Peel Hunt, the stockbroker, said. The price paid by the central bank for gold, which effectively sets the price for the wider Russian market, is currently at a “heavy discount” that is “far greater than we expected”, he said. The analyst added: “This is likely to limit the price paid in any transaction for the Petropavlovsk assets.” |
Posted at 09/3/2022 21:21 by stark industries Shrukov selling his share is good news. I'm now wondering if the old Pavel team will be back now! If so then share price should rocket. We might see Dubai investors coming back buying POG shares with price currently so cheap why would they not buy . Also the main man sold the stake.I think just a patience of few months is required and we will rerate massively. Strukov selling off is a good news for me. He was not letting the price going up IMO. I'm not selling until we see 12-15p. Hold for gold! More investors will join from EVR and POLY considering their dividends cancelled. Good luck in your positions !!! |
Posted at 30/7/2020 18:23 by grbaker phpasia has also posted this above ... I think it's absolutely worth following suit and sending your email. I can't see how it can hurt and it might make a real difference ..." Can i suggest all PIs write to the takeover panel and push them to react. They do care about private investors and it certainly can do no harm. This is the email: supportgroup@thetake Dear Takeover Panel, I am a private investor in FTSE250 LSE listed Petropavlovsk Plc (POG.LSE). There is a genuine risk that a great number of minority investors, many of whom are private individuals with small shareholdings, are going to incur considerable financial loss from what very clearly appears to be a stealth takeover by a group of Russian investors who are blatantly acting in concert, in contravention of the London Listing rules and the Takeover Code. At the AGM held on the 30th June 2020 this group of investors, led by Everest Alliance Limited and the company’s largest shareholder (and competitor) Uzhuralzoloto Group of Companies submitted last minute resolutions to remove many of the more senior and independent directors and company’s co-founder and CEO, under whose combined leadership the Company has created tremendous value over recent years. They voted to install their own hand-picked directors and one directly affiliated representative, creating a Board designed to give control of the Company to them, removing the independent directors best able to protect minority investors interests and putting Petropavlovsk’ I understand that a complaint has been submitted to you by Prosperity Capital Management, another large shareholder. There will also be a General Meeting on the 10th August at which the same group of investors will try to consolidate their control of the board, leaving three concert party directors and only one independent director to protect the interests of minority shareholders. Given the challenges facing many small investors to vote in the current environment, these parties may well succeed, unless the Takeover Panel acts swiftly and effectively. I do find it extraordinary that given the LSE’s respected international reputation for solid regulation and good governance; we have heard absolutely nothing from the Takeover Panel about this situation, which appears to be oblivious to minority private investors for whom they play an important role in protecting. A failure to act would be a discredit to the UK’s reputation for good regulation, its international standing and most importantly, its role to protect minority investors from illegal corporate actions. I would very much appreciate a response. " |
Posted at 30/7/2020 10:12 by phpasia Can i suggest all PIs write to the takeover panel and push them to react. They do care about private investors and it certainly can do no harm. This is the email: supportgroup@thetakeDear Takeover Panel, I am a private investor in FTSE250 LSE listed Petropavlovsk Plc (POG.LSE). There is a genuine risk that a great number of minority investors, many of whom are private individuals with small shareholdings, are going to incur considerable financial loss from what very clearly appears to be a stealth takeover by a group of Russian investors who are blatantly acting in concert, in contravention of the London Listing rules and the Takeover Code. At the AGM held on the 30th June 2020 this group of investors, led by Everest Alliance Limited and the company’s largest shareholder (and competitor) Uzhuralzoloto Group of Companies submitted last minute resolutions to remove many of the more senior and independent directors and company’s co-founder and CEO, under whose combined leadership the Company has created tremendous value over recent years. They voted to install their own hand-picked directors and one directly affiliated representative, creating a Board designed to give control of the Company to them, removing the independent directors best able to protect minority investors interests and putting Petropavlovsk’ I understand that a complaint has been submitted to you by Prosperity Capital Management, another large shareholder. There will also be a General Meeting on the 10th August at which the same group of investors will try to consolidate their control of the board, leaving three concert party directors and only one independent director to protect the interests of minority shareholders. Given the challenges facing many small investors to vote in the current environment, these parties may well succeed, unless the Takeover Panel acts swiftly and effectively. I do find it extraordinary that given the LSE’s respected international reputation for solid regulation and good governance; we have heard absolutely nothing from the Takeover Panel about this situation, which appears to be oblivious to minority private investors for whom they play an important role in protecting. A failure to act would be a discredit to the UK’s reputation for good regulation, its international standing and most importantly, its role to protect minority investors from illegal corporate actions. I would very much appreciate a response. |
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