Petropavlovsk Share Discussion Threads

[lawrence thirteen] 04/1/2019 12:24

Well according to WIKI The rail bridge is already open and the road bridge October this year. All looking more positive though. Maye , just maybe Gold will break $1300 today and POG's share price 7p

[davidlloyd] 04/1/2019 10:29

Anyone already know when the Amir bridge is due to open out of interest?

DL

[book5] 04/1/2019 06:50

Irc +22%!!

[book5] 02/1/2019 05:15

IRC: a new life given rns


Market is not convinced ....today share price hit a New intraday lowest ever price

If irc May survives this critical period then Pog should do well
External factories:
China-USA trade, iron ore price, new bridge...

GLA

[midasx] 28/12/2018 21:56

Things should look a lot more rosy by the time the $63 Million dollars are repaid by 21st May at the latest, with the initial guarantee amount reduced.

At the same time the POX plant should be ramping up production with pog hopefully above $3,000 oz by that time!

[book5] 28/12/2018 06:28

Good letter

[sparky333] 23/12/2018 12:20

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[olimttsfi] 22/12/2018 18:53

I respect what you saying book5, but seems like mgt of POG bought 31% of IRC and become of guarantor of $ 204 mln now( it was higher over $340mln before) not for investment, but pull through IRC economic downturns and financial hardship. Also it reflects to share price and sealing of 8.26 pence ( with bond exchange $100mln).

[qs99] 21/12/2018 13:57

Not in POG any more, locked and loaded in SHG which doesn't move IMO and now up nearly 13% today, so hoping that bodes well for the VAT and Jan update..DYOR but thought I would let gold fans know. DYOR

[book5] 19/12/2018 16:33

No so cheap but in exchange for the loans and only for the 70% remaining
Pog already owns the %30 of irc

[cliffo2] 19/12/2018 16:29

So if gold goes on a tear, might be in a position to acquire IRC on the cheap at some point in the future?

[wigwammer] 19/12/2018 16:15

My guess is, pog will likely have to pay off all of IRC's debt and when irc proves incapable of paying pog back, pog will own the assets. If they hit target, pog appears to have the capacity to do this - hence a large bank that has micro analysed the situation has agreed to refinance the debt. Pog and irc are therefore not necessarily on the same trajectory.

[book5] 19/12/2018 15:42

If that is the case then irc debacle should be discounted from current sp

[wigwammer] 19/12/2018 14:36

I very much doubt management could buy shares even if they wanted to, given NDA's attached to the refinancing. Aside from legal confirmation that the anticipated plan can go ahead post shareholder approval, there is little material new information here to distract holders, though non holders may well try to suggest otherwise..

[book5] 19/12/2018 12:49

I may be wrong but Irc is probably putting POG’ precarious credit rating in jeopardy, would Pog need to raise cash?
Could Pog end up owning majority of IRC?
Opportunity to buy will present itself when irc is shorted

Directors are not buying shares, no looking good

[olimttsfi] 19/12/2018 11:57

Family business, shenanigans going on $160 mln guaranteed and +$57 mln loan to IRC =$217mln total, and before pog were guarantor for $204 mln. I do not see any common sense!

[book5] 19/12/2018 08:49

Irc 0.05hK$
-19%

[book5] 19/12/2018 06:12

New POG loan to irc
Repayment to Pog delayed till 2019
New repayment facility, pog to reduce loan guarantees
Irc new low today,sp has lost 80% this year alone



GLA

[midasx] 17/12/2018 20:17

Only IRC is holding us back!

[book5] 16/12/2018 11:48

Waiting for irc to recover/go bust before buying POG

[book5] 12/12/2018 04:42

Irc down to a new lowest point, today -8% so far

Are IRC shareholders going to loose it all??
IRC graph is Looking horrible

Lucky I am out , sold at a lost though

[book5] 12/12/2018 04:36

TOday IRC another -10% lowest ever

Extract from 28th Nov IRC Announcement;

The next scheduled repayment instalment under the ICBC Facility of US$29.75 million is due on 20 December 2018 (the “December Repayment”). IRC and Petropavlovsk are discussing obtaining a waiver from ICBC in respect of the December Repayment and it is hoped that this would be received during December and prior to the next scheduled repayment date on 20 December, as well as prior to the publication of the Petropavlovsk Circular. In addition, the Company and Petropavlovsk are in discussions for Petropavlovsk not to take any action or exercise its right to demand repayment of the Bridge Loan until the New Facility is complete and has been drawn down (and the Bridge Loan repaid).
The implementation of the refinancing transaction described herein remains subject to the negotiation and execution of legally binding finance documentation, the perfection of security and other conditions precedent typical for a transaction of this nature. The Board of IRC will continue discussions with ICBC, the Russian bank, and other interested parties regarding this project financing and other alternatives to service the December Repayment in the event a waiver from ICBC is not forthcoming. No decisions have been made to comm

[book5] 11/12/2018 08:23

Now -10%
May be loan instalment reschedule no granted?
I believe they have been negotiating it???

GLA