Petropavlovsk Dividends - POG

Petropavlovsk Dividends - POG

Stock Name Stock Symbol Market Stock Type
Petropavlovsk Plc POG London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 1.20 00:00:00
Open Price Low Price High Price Close Price Previous Close
1.20 1.20
more quote information »
Industry Sector

Petropavlovsk POG Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

Top Posts
Posted at 21/7/2022 13:29 by blackhorse23
Game over in here .... Glad moved to MCL ( LSE) which looks very attractive , 6 millions mcap but revenue 250 millions with good growth forecast & dividend yields
Posted at 12/7/2022 10:05 by ukgeorge
I would guess the group that bought the Kinross asset will buy the POG assets.

Below from SPAngel

Petropavlovsk (POG LN) SUSPENDED – Russian gold producer files for administration
• Petropavlovsk shares have been suspended following an administration application at the High Court in London in the coming days.
• POG has also requested the halting of trading on the Moscow Exchange.
• The company comments that it is currently unable to repay its loan with Gazprombank, and the Board considers it very unlikely that it will be able to refinance the loan in the short term and has to date been unable to do so.
• The company is still exploring a sale of its operating subsidiaries and has received an offer from one party to acquire and a proposal from another party expressing an interest in the acquisition of those subsidiaries.
• Discussions with both parties are ongoing.

Posted at 08/6/2022 09:41 by pwhite73
comedy - There is the PLC which is listed on the LSE and there are the physical goldmines operating in Russia. The physical goldmines are secured against the debt to GPB. Why would a third party put in a bid for POG listed shares at 2p when any such bid would not include the gold assets as things stand. In order to service its debts and remain a going concern POG is trying to sell the gold assets before GPB seizes them in the Russian courts under default laws. POG has already stated it may seek protection from such actions by GPB under Russian bankruptcy laws.

There is no offer for POG shares from China or anywhere else.

Posted at 14/5/2022 08:19 by pwhite73
Do you even understand the RNS. If GPB attempt to seize the Russian subsidiaries POG will seek a waiver and ask for the Russian subsidiaries to be placed into bankruptcy so they can continue to operate protected from its creditors. Once in bankruptcy they are no longer the property of POG PLC but the property of the courts. Similarly McColl's have just gone into administration. They are no longer the property of its shareholders or the directors but the property of the administrators. If all the Russian subsidiaries go into bankruptcy then by default the shares should be suspended.

I'm not sure why POG claim GPB can seize the assets when they clearly cannot according to the bankruptcy moratorium.

Until the war is over and the international community lift sanctions against Russia nothing good can come from investing in POG except the odd spike caused PIs who don't understand what's going on.

Be careful suspension can come out of the blue anytime.

Posted at 13/5/2022 17:30 by pwhite73
POG PLC where shareholders have their money is insolvent. The Russian subsidiaries as named in the RNS 12/05/2022 Pokrovskiy Rudnik JSC, Albynskiy Rudnik LLC, Malomirskiy Rudnik LLC and TEMI LLC are not insolvent. They are all profitable gold producing companies.

The threat as outlined by POG in RNS 12/05/2022 is not for GPB to seize POG PLC but to seize all the profitable gold producing subsidiaries in Russia.

POG PLC IS INSOLVENT. You've been warned.

Posted at 12/5/2022 15:28 by pwhite73
Yes but is the waiver from GPB allowing POG to sell to a third party in breach of the UK Russian sanctions. This is what they should have clarified in the RNS. Moves to get around the sanctions are also prohibited.

So POG sells the gold to a third party they pocket the money and when/if the sanctions are lifted they repay GPB allowing GPB to use the POG's gold money as collateral. If POG don't hand over the money GPB will make attempts to seize the Russian subsidiaries.

Lets see how the UK government and the FCA interpret this work around.

Posted at 29/4/2022 11:22 by fission453
POG is Gold, POG has money, POG has billionaire backers, POG has loads of institutional investors. None of this big people + big banks have sold because they know the market will naturally correct itself at the right time. Just be watching daily and you'll see how this financial incongruence gets resolved. It's just a matter of time!
Posted at 29/4/2022 10:16 by tomboyb
Petropavlovsk PLC Update on Guaranteed Notes and Convertible Bonds
29/04/2022 11:08am
UK Regulatory (RNS & others)

Petropavlovsk (LSE:POG)
Intraday Stock Chart

Friday 29 April 2022

Click Here for more Petropavlovsk Charts.

RNS Number : 8898J

Petropavlovsk PLC

29 April 2022

29 April 2022

Petropavlovsk PLC

Update on Guaranteed Notes and Convertible Bonds

Petropavlovsk PLC ("Petropavlovsk" or the "Company" and, together with its subsidiaries, the "Group") wishes to provide an update in relation to the U S$500 million 8.125% Guaranteed Notes due 2022 and issued by Petropavlovsk 2016 Limited (the "Guaranteed Notes", US$304m outstanding) and the US$125 million 8.25% Guaranteed Convertible Bonds due 2024 and issued by Petropavlovsk 2010 Limited (the "Convertible Bonds", US$33m outstanding).

The Company announced on 20 April that it had received notices from Gazprombank ("GPB") purporting to require:

-- immediate repayment of approximately US$201.0m (including accrued interest) due under the Company's Committed Term Facility Agreement (the "Term Loan") with GPB (such notice accompanied by notification from GPB of the assignment of the Term Loan to JSC UMMC-Invest); and

-- repayment by 26 April 2022 of, in aggregate, approximately US$87.1m (including accrued interest) due under the Group's Russian subsidiaries' revolving credit facilities.

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.

About Petropavlovsk

Petropavlovsk PLC (LSE: POG. MOEX: POGR) is a major integrated Russian gold producer with JORC Resources of 19.50Moz Au which include Reserves of 7.16Moz Au. Following its IPO on the Alternative Investment Market (AIM) in 2002, Petropavlovsk was promoted to the London Stock Exchange in 2009, where today it is a Premium Listed company. The Company's shares also trade on the Moscow Exchange and are a constituent of the RTS Index and MOEX Index.

The Company's key operating mines (Pioneer, Malomir and Albyn) and its Pokrovskiy Pressure Oxidation (POX) Hub are located in the Amur Region in the Russian Far East. Petropavlovsk has produced a total of c.8.8Moz of gold since operations began in 1994 and has a strong track record of mine development, expansion, and asset optimisation.

Petropavlovsk is one of the region's largest employers and one of the largest contributors to the sustainable development of the local economy.

For more information

Please visit or contact:

Petropavlovsk PLC +44 (0) 20 7201 8900
John Mann / Max Zaltsman

Posted at 14/4/2022 16:24 by stoopid
I don't think a lot of you understand what is happening here. There will be a fire sale of POGs Russian assets to whoever will buy them. The assets will be sold/transferred out of POG into the company that has bought them. POG from that moment on becomes a cash shell containing no assets, all the debt and the cash. The cash will be used to pay the debts/bondholders as they are first in the food chain for the banks. The POG shell will be slowly would down with all debts serviced with the cash and shareholders left with nothing.......Should have sold today if you wanted to get any reasonable money out. POG will fall like a stone on tuesday.....
Posted at 10/4/2022 08:20 by pwhite73
Jibba Jabber - "This whole situation is not the doing of the bank or its partners"

I agree 100% my argument is purely a technical one. When auditors sign off company accounts as a going concern that is an indication to investors, clients, HMRC and the financial markets that they believe the company is financially sound for the next twelve months barring any unforeseen circumstances. As POG's main creditor and funder GPB is under US/EU/UK and international sanctions the auditors cannot legitimately or legally argue POG is financially sound for the next twelve months. In addition POG's main assets are situated in a country (Russia) that is currently under US/EU/UK and international sanctions. The Russian government has publicly announced it would not hesitate to seize foreign assets in retaliation for the sanctions.

You may feel because of the special situation the regulatory authorities may waiver the usual requirements, you might be right. However I reiterate POG's accounts cannot be signed off as a going concern.

You cannot hold this stock until POG makes an announcement on the accounts due on or by 30/04/2022. The danger is it may not even do that but issue an RNS suspension notice "pending clarification of its financial position".


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