Petropavlovsk Share Discussion Threads

[grbaker] 11/1/2018 20:25

It's a mystery what's happening in the background here Stoo, for sure. Let's just hope Fincraft Holdings Ltd are better than Renova. We still don't know what Renova were up to. They went to all that trouble to oust Hambro... and then sell all their shares so soon after?

It's all a bit weird.

The debt millstone around the SP's neck is still about IRC IMHO. However, yes, it's far from ideal.

At least the share price didn't tank on the recent news - that definitely makes a change.

If Renova lost the support of VTB, it could explain why they sold out ASAP.

I'm sick of saying it, but we'll just have to wait and see.

(I mean what else could happen? PH and PM make a comeback?)

[midasx] 10/1/2018 17:31

You always brighten up the day when you pop by Stoopid.

Cheers

[stoopid] 10/1/2018 11:50

GRB, no idea what's going on.

Still have to consider the $600m Debt burden that they promised would be paid down after the 2015 debacle has now been deferred not paid and is still hanging over the company.

The question also has to be considered is what happens to the $100m bond that's due in 18 - 24 months time. The FCF isn't that healthy and its anyones guess if they have $100m to splash on debt. If so, why have they not cleared it before now especially with a 9% cupon.

Have they got 100m to pay it off? Certainly doesn't look like it and that will result in another 15-20%ish dilution if its converted.

Grades are also falling/poor (have been getting worse for years)and it would seem that the company is resting all its hopes on POX as that is what they have a massive stockpile of ore/reserves for.

Production has also fallen or stayed stagnant and it wouldn't surprise me to find that they are struggling with production levels due to low grades and to move enough material to keep production up until POX is up and running.

They also have a new PR company, something is going on.

[edjge2] 09/1/2018 22:29

nice jump at end of trading

[grbaker] 08/1/2018 19:43

P.P.S. Here's an interesting article (link is to google translate as the original is in Rusky-mo-bob):



"
Sources "Kommersant" in the industry and the investment market recently said that in the situation with Petropavlovsk Viktor Vekselberg "looks like a tragedine trader," who can not provide partners with a new clear strategy for the company and find tools to disclose its value. Approved by the previous management strategy Petropavlovsk suggests completion of the complex of autoclave leaching at the Pokrovsky mine and processing of reserves of hard ore from different assets of the company. Last but not least, the absence of a clear message from Renova led to the fact that VTB and Sberbank decided to withdraw from the creditors of the gold miner, Kommersant sources said (in November, Petropavlovsk replaced the bank debt with Eurobonds for $ 500 mn with redemption in 2022).
"

[grbaker] 08/1/2018 19:32

P.S. Here's another link for the 'Russian billionaires dispose of assets ahead of US sanctions' story:



Personaly I doubt it's that behind the sale (but you never know).

[grbaker] 08/1/2018 19:27

IN comes: Mr Bruce M. Buck + Fincraft Holdings Ltd
[ See:
and: ]

OUT goes: Renova et al

Fascinating. And more than a little perturbing to say the least...

...whatever is going on here?

It's starting to look like Renova either needed out for some reason or was a proxy for somebody else.

Or, of course, there's trouble up ahead. However, if that is the case then why were Renova able to offload all their holding so easily?

Beats me.

Never a dull day.

GLA.

[seppsuess] 08/1/2018 09:47

Perhaps VV /Renova just saw no chance for a VV/Renova stile takeover?

[peterg40] 07/1/2018 03:06

Hopefully,but we still need to know his intentions, and what he plans to do with this 27% stake he just bought?

[gilotron] 06/1/2018 13:57

Wow this kenges rakishev seems like a baller! If he's buying in then surely this is very bullish!

[gilotron] 06/1/2018 13:40

Not all gold stocks have tracked the price so you can't read much into that. Are you a holder Stoopid?

[stoopid] 05/1/2018 14:12

Results will be OK I reckon but something is looming. They have a new PR company as well. Gold has risen markedly and yet no corresponding rise in share price

[stoopid] 05/1/2018 12:42

The fact that the share price has not risen with gold is worrying There is also the $100m bond due in 2019/2020 which can still be converted to equity if it is still not paid off resulting in an approximate 15% - 20% further dilution....Debt isn't being paid down anymore, just deferred and now VV and renova have sold out after going to all the trouble of getting the stake and ousting management in the first place....News due out soon towards the end of the month and I wonder if there will be any " surprise's"

[book5] 04/1/2018 12:23

Bought a few £ I can afford losing.
Mid term, upgrade of Process should be positive
Good luck

[edjge2] 04/1/2018 08:44

fair old shenanigans gone on here while I was out. Peterg40 probabaly quotes the key. Should recover in multiples over gold as it breaks $1325, wait a bit first IMO or get your adder out.

[gilotron] 03/1/2018 22:58

Oh, I didn't know any of that. I wouldn't mind if they took it private, at least it would be a higher price.

[peterg40] 03/1/2018 07:34

The sooner Mr Rakishev makes his future plans clear to everyone ,the better.

[stoopid] 03/1/2018 06:42

Gilotron, read the posts above and various other media release's on it.The entire stake has been purchased by kenges rakishev. A kazakh business man......No matter what proxy company/insti is used. He appears to be the backer/buyer

[cliffo2] 30/12/2017 13:44

Maybe VV has sold it to 'someone' who might sell it back to him if his name is not on the list after February?

[officehead] 30/12/2017 08:51

hxxp://www.profi-forex.org/novosti-rossii/entry1008311322.html

Russian oligarchs get rid of assets on the eve of new US sanctions
After the signing of the relevant decree by US President Trump, in February 2018, the Finance Ministry's report on the businessmen close to the Kremlin will be published. Pending publication of the document, Russian oligarchs get rid of assets. This is reported by journalists of the " News of the World " section of the Internet edition for business people "Exchange leader" with reference to "finanz.ru".
In the publications of the world press and Russian commentators, recently it often refers to the unrest that has engulfed entrepreneurs close to the Russian government . The reason for the excitement is that the publication of the report of the US Ministry of Finance is expected in February. The relevant services of the financial department should provide information on the assets of entrepreneurs close to the Kremlin and their enterprises.
After the presentation of the report, restrictive measures that are unprecedented in their rigidity can be introduced against the list participants. Given the risk, the prospective members of the future sanctions list are doing everything possible to minimize losses. One of the possible options for action is the sale of assets.
The TASS agency, referring to the materials of the London Stock Exchange, writes that a large stake in the gold mining company Petropavlovsk was sold by billionaire Viktor Vekselberg at the end of December. An entrepreneur with a fortune of 12.4 billion dollars occupies the tenth line in the Russian list of Forbes. So far, the Russian businessman has not been included in the list of restrictions.
vekselberg-36.jpgThe share in the gold mining company was realized on the exchange by offshore enterprises, the beneficiary of which is Vekselberg. One of the offshore enterprises - Renova Assets - is registered in the Bahamas, another seller (Lamesa Holding SA) has passed the registration procedure in Cyprus . In total, these companies sold 17.91 percent of shares, another 4.42 percent was sold by Metcombank, registered in Kamensk-Uralsky.
The share of the billionaire in another largest gold mining company in Russia, which owns four large mines in the Amur region, became the property of another offshore company. The Cypriot company Fincraft Holdings Ltd became the happy owner of the company's share, the beneficiaries of which have no information.
In a comment to the agency TASS, the official representative of the holding "Renova" Viktor Vekselberg Andrey Shtorh confirmed information on the sale of shares. It is noteworthy that the block of shares was sold a few days after the billionaire stated that he was not interested in the instruments for returning capital to Russia. Against the backdrop of the threat of sanctions, the relevant mechanism was offered to the Russian oligarchs by the Ministry of Finance.
The financial department plans in 2018 to issue bonds , so that wealthy Russians could invest money placed abroad. Commenting on the proposal, Vekselberg said that his foreign currency bonds "do not exactly interest". Further events show that the billionaire has found for himself a more attractive alternative to buying bonds.
Also, the billionaire then said that he has no resources on foreign accounts, since he considers such a method of storing money stupid. Instead, according to the entrepreneur, his money is invested in business and is "in active work." However, the sale of a stake in a gold mining company shows that the billionaire is preparing for the possible inclusion of his name in the sanctions list.

[edjge2] 29/12/2017 21:25

130 busted and staying just above. Magic monday coming. Boughht weed stocks so lets see if they move, gold a nice backstop