Petropavlovsk Share Discussion Threads

[m_n_tomlinson] 06/6/2017 14:30

It's amazing how someone can accumulate so many shares in a quest for a takeover bid, without having any effect on the share price. Surely this should be well over 10p by now?

I guess the muggers were lucky with the gold price. But that didn't stop the other miners rising last year though.. When you look at Kaz, Hoc, trebling and quadrupling etc, you can't help wondering if the MMs are complicit in all this?

[tymedici] 06/6/2017 14:13

Lets us hope, with so much skulduggery taking place, that both sides in this sordid affair feel they need to accumulate more shares to ensure victory over the other!

[galeforce1] 06/6/2017 12:55

Stoopid

Why do you think the Takover Panel is now involved?

The would be the logical thing, I agree. If I was Peter Hambro I'd definitely try to get them involved.

[tsmith2] 06/6/2017 12:01

Drill results v v good

[davidlloyd] 06/6/2017 09:45

Here we go again....Lets see if they stamp on this rise like yesterday. Concerted effort being made to hold this back IMO...

DL

[haughtonhoney] 05/6/2017 22:43

Waiting for BestInvest to get back to me about voting. I'll be following the board's recommendations and I've held 740k of these for the past three years.

[stoopid] 05/6/2017 20:10

I believe that this whole sorry mess has been referred to the takeover panel. Will be interesting to see how it all pans out. Let's hope all retail investors will vote with the board to save themselves if nothing else.I am going to try and make the AGM. Is anyone else going?

[mr roper] 05/6/2017 16:47

If M&G and Sothic are involved only one things is certain. If they get control shareholders will be obliterated in a d for e. Same as Gkp.

[edubs] 05/6/2017 16:22

Voted as per board recommendations with Barclays Stockbrokers against 6 to 9, in favour of the rest.

Google "Barclays Stockbrokers Proxy Vote" for instructions.

Only have a small holding here but at least I voted.

[2willfor] 05/6/2017 14:55

Just phoned H-L to vote on the Resolution as recommended by the Board
in Favor 1 to 5 and 10 to 18, against 6 to 9, hope that helps a little.

[stoopid] 05/6/2017 11:20

Yes, especially when u consider that of the 3 nominees for the board, 2 are M & A specialist bankers/lawyers and the other one has an oil and gas background. The question for shareholders would be how any mergers would be funded. It will be non cash that's for certain so that leaves only certain ways the mergers can be achieved most of which would wipe out smaller shareholders unable to

[galeforce1] 05/6/2017 10:41

Stoopid

That's interesting. This article seems to be suggesting that there's a plan to create a new Russian precious metals 'major', by merging the interests of Renova, Highland and POG.
One of the proposed new directors of POG is Bruce Buck, who is basically Abramovic's man at Chelsea Football Club (a US lawyer, I think). And Abramovic has (or certainly had) a big involvement with Highland. So that might fit with the above story.

[stoopid] 05/6/2017 10:19

From the LSE board... "Its really unfathomable what M&G is doing in this mess! An article in Kommersant, the Russian FT, was sent to me today. the plot thickens. 'As it became known to Kommersant, a new large gold miner, capable of taking the second place in the market, may appear in Russia. It is about the unification of Petropavlovsk with the "Gold of Kamchatka" Victor Vekselberg with possible subsequent consolidation with Highland Gold by Roman Abramovich or GV Gold. To interfere with the plans may be the big debts of Petropavlovsk, the difficulties in structuring the transaction and managing the combined company. The Renova Group of Viktor Vekselberg will seek control in the gold-mining Petropavlovsk, where it has already become the largest shareholder (22.34% of the shares and 6.88% of the votes in convertible bonds), sources told Kommersant. Now, Renova, which controls, together with the friendly funds of Sothic Capital Management and M & G Debt Opportunities (included in Prudential) About 40% of Petropavlovsk, requires the change of the company's board of directors. Kommersant's interlocutors say that in case of a victory at the shareholders' meeting in June, the next step may be the association of "Gold of Kamchatka" Renova with Petropavlovsk. Moreover, a number of sources of Kommersant approves preliminary negotiations on the merger of the consolidated company with Highland Gold (the largest shareholder Roman Abramovich) and GV Gold, controlled by the owners of Lanta Bank headed by Sergei Dokuchaev."

[stoopid] 05/6/2017 10:14

Hambro, has already said that there will be a very positive resources.update before the AGM, it will probably come out then.....

[tsmith2] 05/6/2017 09:59

But not the one officehead said was imminent

[tsmith2] 05/6/2017 09:59

More good news

[stoopid] 05/6/2017 08:45

It's worrying to think of a senario where Renova manage to take control, and then organise another huge rights issue so that small shareholders are forced out. I certainly couldn't afford another rights issue and I doubt that many others could leaving Renova and it's proxies to pick up the remaining shares and gain control at a ridiculously low price.

[galeforce1] 04/6/2017 19:54

It's good to see POG's share price rising, though personally I'm a bit surprised to see this happpening, given the uncertainties that would arise if Renova manage to take over the BoD (which is v likely, if they have M&G's support).
But I still don't rule out the possibility that Renova will be obliged to make a bid here. What they are trying to is to take over the company by stealth, just like they did with the Swiss companies they now control.
Maybe the current board will look to the Regulator or another Uk authority for assistance in trying to stop that happening. I don't see what else they can do. The regulator might rule that Renova is attempting a de facto takeover and should make a bid. That's definitely what ought to happpen.

[tsmith2] 02/6/2017 15:52

What they need to do is put out some bits of cracking news and then PIs onboard.

[brian1944] 02/6/2017 15:50

me too voted for board recommendtions

[davidlloyd] 02/6/2017 15:35

I've done the same and about to get the Mrs to do so too....every little will help here!!

DL

[stoopid] 02/6/2017 12:57

Well, I have voted with board recommendations for what it's worth with my meagre shareholding. If we can trust the company and they deliver on POX, underground and the recent/forthcoming exploration results then POG may well earn people a pretty penny yet, if Renova and Co don't scupper it.

[stoopid] 02/6/2017 12:52

Also, its more than likely that the pointless AZ deal and the deal regarding Renova's gold assets that they want to dump would be back on.

[popeye888] 02/6/2017 12:13

I could imagine the man at the top of Renova might make some serious enemies which must be worrying for him.