Petropavlovsk Share Discussion Threads

[tsmith2] 07/11/2016 09:35

MM at their best

[stoopid] 07/11/2016 09:28

20p by Christmas....... LOL

[deanroberthunt] 07/11/2016 09:20

something is afoot and it ain't 12 inches....

[shaf200] 07/11/2016 09:16

hold On. .. if talks of take over should we not be heading higher?

[juju44] 07/11/2016 09:09

more than a few

[tsmith2] 07/11/2016 09:06

A few spooked..

[seppsuess] 06/11/2016 10:32

VV is accumulating at a discount price over years.
Is this magic or so many dummies willing to sell?

[deanroberthunt] 05/11/2016 11:45

your first sentence has it exactly right.

[galeforce1] 05/11/2016 10:39

Do we read from this that Renova now controls just over 25% of POG, (through different entities controlled by Viktor Vekselberg) and is likely to block the merger with Amur Zoloto?

Or could it be that VV will block the merger with Amur Zoloto unless POG also agrees to a merger with VV's Kamchatka gold interests?

I don't know what the impact of this would be from an operational point of view, but it might push up the share price. The deal with Amur Zoloto (a 50k ounce producer) does look very generous.

On the negative side, there seems to be no immediate prospect of leaving complex corporate actions behind us.

I 'd be surprised if VV made an offer the whole of POG. The London listing is probably attractive. But if he wanted the whole business, what would have have to bid? 20p? Which would give an enterprise value of around £1bn, I think.

[113mike] 05/11/2016 08:40

Ok..will do!

[deanroberthunt] 05/11/2016 08:13

yes mike it's bust you should sell up!

[113mike] 04/11/2016 21:23

So whats the bottom line after all that then? Are we done for ? Is there any hope now?

[tsmith2] 04/11/2016 20:55

I'm struggling to follow it..Redraft of it would help

[tymedici] 04/11/2016 20:03

Excellent article 'Officehead' and thank you for posting it. Just as some of us feared....and others have been speculating.(I think). To be certain I think the article would benefit from another translation.

[officehead] 04/11/2016 19:33

Translated from Russian article link at bottom
"Renova" Viktor Vekselberg for the year increased its stake in gold miner Petropavlovsk to 25.25%, having collected a blocking stake in the voting shares and bonds. What group is actively invested in securities of companies that are restructuring $ 530 million debt, "Renova" do not disclose. But in November, should be considered the merger of Petropavlovsk with the "Golden Cupid" Musa Bazhaev, and analysts believe that "Renova" approve it only on favorable terms.

The structure of the "Renova" Viktor Vekselberg accumulated about 25.25% of the voting rights in the gold mining company Petropavlovsk, follows from the message of the latter. Petropavlovsk yesterday revealed that the structures representing the interests of "Renova" Lamesa Foundation fund increased its stake to 3.6% stake from 2.74%, in addition, the fund has 6.87% of the vote in convertible bonds. Another 14.76% stake in the group after Viktor Vekselberg owns Renova Assets Ltd, Renova Holding Ltd and TZ Columbus Services Ltd. In Petropavlovsk capitalization on the London Stock Exchange, 25% of the company worth about $ 83 million.

The fact that the structure of "Renova" Petropavlovsk own papers, it became known in November 2015, but at that time they were only 5.3% of the vote in the shares and 5.18% - in bonds. It turns out that for the year the group has collected about 15% of the vote, mostly by buying shares. In the "Renova" yesterday did not comment on why a blocking group in Petropavlovsk and whether it has plans to increase the share.

Now Viktor Vekselberg - the largest shareholder Petropavlovsk (although the representatives of the "Renova" is not on the board), in structures of the founders and management of the company - 12% of the shares, and the rest from foundations and in free circulation. But in April, Petropavlovsk announced that it plans to buy back shares of the company for its "Gold Cupid" Musa Bazhaev that the transaction should receive 30,3% Petropavlovsk ( "Cupid Gold" is estimated at $ 144 million). Sources "Kommersant" in the industry said that the deal is as protection against a hostile takeover by the "Renova", which could be considered Petropavlovsk as a platform for output on the London Stock Exchange its "Gold of Kamchatka". In June, the sides said in a joint statement that is considered and the option of association with the "Gold of Kamchatka".

But if in a deal with the "Golden Cupid" Petropavlovsk has already received the approval of the Federal Antimonopoly Service and SRK Consulting report on Mr. Bazhaev company, the movements for "Gold Kamchatka" No, sources say "b" familiar with the situation. Bazhaev representative Musa said, "Kommersant" that the transaction can be submitted for consideration by shareholders in November. "We believe that the synergies from the merger will be to the benefit of all shareholders", - he says. In the "Renova" and "Kamchatka Gold" theme did not comment, "b" is not answered in Petropavlovsk.

Oleg Peter and Paul from the BCS believes that "Renova" increased its share in Petropavlovsk to blocking, to be able to influence the merger "and approve them only on favorable terms." Today Petropavlovsk is in talks with Sberbank to restructure $ 530 million of debt (75% of bank debt) and VTB, seeking transfer of repayment until 2022, the parties informed yesterday that the issue is postponed until the end of December. But in recent years, none of the burdened debt of major Russian companies have not been brought to bankruptcy in the industry, the analyst points out, even the "Mechel" was restructuring: For banks loans are serviced better than a non-core asset problem.

Anatoly Dzhumaylo
Под;роk3;не 77;: hxxp://kommersant.ru/doc/3131653

[wallywoo] 04/11/2016 09:17

if you take the bid price that is true. Not so with the offer price.

This looks like a tree shake to me, I would be surprised if the share price fell into another downtrend now. My prediction for today is large spread (current 8.7 to 8.3) then the offer will be dropped for a little while (maybe an hour), then the share price will recover. time will tell

[juju44] 04/11/2016 09:10

down 8% in an hour

[tsmith2] 04/11/2016 09:03

Movement on v v little vol, both ways

[qs99] 04/11/2016 08:14

decent open for POG

[deanroberthunt] 03/11/2016 17:10

$2000 per troy ounce by 2018

[tymedici] 03/11/2016 15:03

Gold back over $1300 after a very short sojourn below? Normal service has been resumed one hopes.

[xcap] 03/11/2016 13:15

doesn't matter about Brexit
doesn't matter who is going to win the US election

gold is going up - there is simply too much global debt for any single person/leader or governemnt to magic up a solution. Austria issues a 70 year bond, what does that say (apart from wtf): it cannot 'ever' repay the capital, its like trying 'kicking the can' from London to the North Pole!

[tymedici] 03/11/2016 12:18

IF, the Supreme Court upholds this decision, then a General Election should be called to increase the number of pro-Brexit MPs. Whatever happens in the short term there will be uncertainty which I would have thought would be good for GOLD and good for POG.

[popeye888] 03/11/2016 11:57

Article 50 decision not good for gold or POG, back down we go I think.
Might be good time to sell.