Petropavlovsk Share Discussion Threads

[robertstronghand] 27/2/2021 13:29

Been reading what John Helmer says about Pavel Maslovsky and Peter Hambro, Deloitte pops up too.

[troy] 26/2/2021 21:18

So, Maslovkiys bail hearing didn't go too well. Will remain in clink till May at least. A name appearing more often of late in Russian news and court articles inferring collusion seems to be that of Peter Hambro. Where this is going I have no idea but nothing surprises me in the murky world of Petropavlovsk.

[robertstronghand] 26/2/2021 14:41

Already signed it, this bizarre covid nonsense has been horrific. Good strength shown by POG so far, holding when gold drops, moving up when gold does.

[richgit] 26/2/2021 14:04

Have a say whilst you can !!!! "Do not rollout Covid-19 vaccine passports " Found on www.Infowars.com Uk Gov link.......... https://petition.parliament.uk/petitions/569957

[midasx] 23/2/2021 12:10

Reinflation back on the agenda and with Bitcoin down over $11,000 today perhaps a realisation that cryptocurrencies are not a replacement for the Gold hedge.

[midasx] 19/2/2021 16:21

Yes IRC up to 0.22 from 0.05 12 month low! I also added this morning.

[robertstronghand] 19/2/2021 11:09

Bought back a chunk I sold a few weeks ago this morning, and a few extra too, absolute bargain. Gold is in a cup and handle, think next week we start to rally back up to resistance in the low 1800s, possible we will see another drop to 1700 after that. Not convinced you will be able to pick up gold miners any cheaper then, should gold need one last drop, GDX has very strong support around this level going back years. Gold miners are highly profitable with anything above 1700, Petro is quietly mending the balance sheet with gold at this level, gyrations in the gold price don't change that. IRC also impressing in HK.

[bocase] 14/2/2021 14:17

The largest rise is gold is yet to come in my opinion and that of many professional gold traders too. We need to see evidence of inflation taking hold which we will as the flood of stimulus money and the pent up demand hits the market in the next six months or so. I expect to see gold back above $2000 and making new highs and POG will follow to be back to 40p or above. Gold did not reach it's last high until 2011 well into the recovery after the financial crisis. The pattern will be the same here. Keep the faith.

[sago2] 10/2/2021 11:49

People will hedge with Bitcoin Gold or whatever suits them. In a world where Bitcoin is not fully understood by all and it's volatility not for everyone. Gold has a long term proven record. Gold Is for the other folks and organisations.

[midasx] 09/2/2021 08:08

Tesla has made provisions to also buy Gold.

[cromw3ll] 09/2/2021 08:01

Bitcoin will be the new gold. Elon has told you the future.

[midasx] 09/2/2021 07:40

US stimulus,impending inflation and Tesla buying gold bullion, maybe the bottom is in for Gold price in the short term.

[robert handofstrukov] 04/2/2021 09:06

I think so. Whilst they have not exactly been quick off the blocks evidence that the company was taken over by a concert party wanting to avoid paying a control premium becomes increasingly compelling, as does the lack of independent directors. The grave danger to shareholders is Strukov deciding to take it private to prop up his own failing empire. Plus various examples of behaviour not fitting for directors of a company listed on the London Stock Exchange.

[lawrence thirteen] 04/2/2021 08:59

Robert: Is there any chance whatsoever that the take over panel may still act?

[midasx] 04/2/2021 07:29

I didn't read the full article UVA as it was a FT subscription article just the headlines. I am sure the Russian Legal system does not act to put an individual in prison based purely on the suggestion of another private individual? More importantly the remaining employees appear to be acting in a fit and legal manner allowing access to company property to carry on legal duties so all good as far as I am concerned :-))

[robert handofstrukov] 04/2/2021 06:55

‘The Company notes that on 24 December 2020 the former Chief Executive, Pavel Maslovskiy, was reported to have been arrested in Russia on a charge of embezzlement related to a real estate transaction in 2018. The proceedings will be monitored and, to the extent that they impact on or involve the Group, we will update the market accordingly.’ RNS announcement 20 January. No mention that Company through Maxim Kharin initiated proceedings. A deliberate attempt to mislead by a company whose board is totally unfit to run a FTSE 250 company. When will the Takeover Panel act?

[lawrence thirteen] 04/2/2021 00:22

Robert HandofStrukov: So essentially the whole thing is a stitch up to blacken Pavel's name, but to what purpose. Stalin would be so proud However if we can trust the Russian (increasingly western as well nowadays) justice system then Pavel has no charge to answer

[robert handofstrukov] 03/2/2021 22:01

Some details in the same article you must have accidentally missed out. Sir Roderic Lyne’s quote that as chairman at the time deal was signed off by audit committee, detailed in annual reports and auditor Deloitte confirmed independent third party valuation. What do you think of company’s RNS message of 20th January giving misleading impression arrest had nothing to do with POG? Must try harder.

[midasx] 03/2/2021 15:40

Neil Hume, Natural Resources Editor Updated Tue, February 2, 2021, 5:17 AM The fraud charges faced by Petropavlovsk co-founder Pavel Maslovskiy came after one of the company’s non-executive directors asked Russia’s FSB to investigate a property deal, according to a document seen by the Financial Times. Maxim Kharin, the boardroom nominee of rival Russian gold miner and the group’s biggest shareholder UGC, filed an application with the country’s top domestic security service on December 15 requesting that it investigate a Petropavlovsk subsidiary’s 2018 purchase of an office building from Mr Maslovskiy’s son. In his complaint, Mr Kharin alleged that Alexey Maslovskiy had sold the building to Pokrovsky Rudnik, a Petropavlovsk subsidiary, for an inflated price of Rbs218.4m ($2.9m), or Rbs97,832 per square metre. Originally published Tue, February 2, 2021, 12:00 AM

[shaf200] 03/2/2021 09:26

Profits being chipped away every day :-(

[midasx] 03/2/2021 07:15

Looks like a good appointment as Denis brings in his own team to rationalise the company and cut costs. We will no doubt be hearing details of the new boards review and their plans to increase profitability when the year end figures are announced. Hopefully also good news regarding commissioning of the new flotation plant in the second quarter. Increasing our own refractory ore production is key to increasing profits going forward.