Petropavlovsk Share Discussion Threads

[popeye888] 01/11/2016 11:23

Why do I feel like I'm in a children's playground reading these posts.
Watch out for the bad man at the gate. Hope you don't get hurt.

[deanroberthunt] 01/11/2016 11:14

here we go party poppers

[togglebrush] 01/11/2016 11:09

IRC Announcement Header 01Nov16
'
K&S: Loading Test of Drying Unit Commenced
Dry Products Loaded To First Wagons
Trial Production at the Main Processing Plant Continues

[deanroberthunt] 01/11/2016 11:04

Updating last month on Petropavlovsk (LSE:POG), we noted debt risk but reassurance that “key terms have been agreed in principle for the rebalancing of the group’s debt maturities with its production profile”. The company has now further updated – including that it“expects to be in a position to confirm details of the refinancing shortly”.

This is with lender VTB (c.25% of Petropavlovsk’s bank debt) having informed that it is working towards execution of the necessary documentation, and satisfaction of all necessary conditions precedent, today. Other lender Sberbank has meanwhile deferred the repayment installment of principal due under its facilities to 20th December as progress continues to be made towards the extension of the maturity profile of the company’s facilities to 2022.

Since we last wrote, shares in Petropavlovsk have risen from circa 7p to 8p – and are currently slightly further higher at 8.2p on the back of this latest announcement. However, we’ve previously noted how a more than 20p share price is feasible on a few-years view – and, albeit not as soon as we initially hoped, that we continue to believe the company will get there.

As a still progressing refinancing process would suggest, there remain clear risks here, but the scale of the upside potential sees us at around current share price levels continue to consider this a Gold stock to buy.

[deanroberthunt] 01/11/2016 10:32

that's my boy

[shaf200] 01/11/2016 10:25

I've made a decision: I'm going to wait for this to get to 100p... it may take 10 years... but if it does I can retire before I'm 50!!

[deanroberthunt] 01/11/2016 10:15

all the planets are aligning for a once in a lifetime opportunity

[tsmith2] 01/11/2016 10:05

Good news out from IRC too.

[deanroberthunt] 01/11/2016 09:07

volume picking up.

[deanroberthunt] 01/11/2016 09:06

breakout imminent

[deanroberthunt] 01/11/2016 08:43

break 9p and it's full steam to 22-24p

[xcap] 01/11/2016 08:33

This is due a significant re-rate and I think this is the start

[tsmith2] 01/11/2016 08:01

hopefully full update early next week

[xcap] 31/10/2016 19:55

so thats the VTB refinancing sorted
tomorrow should be interesting

[tsmith2] 31/10/2016 19:30

That's something to look forward to

[tsmith2] 31/10/2016 19:30

We expect to be in a position to announce the conclusion of this before the end of October. At this stage we are also expecting to update the market on the previously announced corporate actions and acquisition plans, including the joint venture on the POX assets, the acquisition of the Amur Zoloto assets, and the consideration of the Kamchatka gold assets.

[tsmith2] 31/10/2016 19:29

Would expect full update v shortly, next day or so

[tsmith2] 31/10/2016 19:29

News out before close..

[shaf200] 31/10/2016 18:34

13.5p to break even... feel like I might get this by the end of this year!?

[davidlloyd] 31/10/2016 17:17

Interesting times......
DL

[tsmith2] 31/10/2016 15:27

Once they have their belly's worth...whoosh

[wallywoo] 31/10/2016 14:39

Another 28M shares bgt over the last 2 weeks, by a company that is effectively an insider for the deals to come!

See latest RNS:

7. Threshold(s) that is/are 10,4910% in respect of Lamesa
crossed or Group Holding S.A. and Lamesa
reached: (vi, vii) Foundation
----------------------------------------------------------- --------------------------------------



8. Notified details:
------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction

if possible
using
the ISIN
CODE
------------- -------------------------------- -----------------------------------------------------------------------
Number Number Number Number of voting % of voting
of of of shares rights rights (x)
Shares Voting
Rights
------------- --------------- --------------- -------------- ---------------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ----------- ----------- -------------- -------------- ------------ ------------ -----------
Ordinary
shares
ISIN:
GB0031544546 90,068,021 2.7448% 118,576,769 118,576,769 0 3.6136% 0
------------- --------------- --------------- -------------- -------------- ------------ ------------ -----------