Petropavlovsk Share Discussion Threads

[route1] 31/8/2020 02:59

I'm with you on that, today maybe interesting,and while our respective brokers are sitting on the beach eating their ice cream's, our hands are tied until tomorrow...certainly noRNS from Grosvenor square today...the tide is coming in,get the Sandbags out to block the'Ural' Athletes,who are probably strong swimmers as well,topical yes,scary VERY!!!!

[rich1967] 30/8/2020 23:46

The exchange rate is around 100 rubles per pound, so that sounds about right.

[midasx] 30/8/2020 22:33

Erdingtonian,

So you believe that you can buy one POG share for 36.65p on the LSE or one POG share for 36.95 roubles on the Russian Exchange????

[erdingtonian] 30/8/2020 19:42

Couldn't see why the Russian price was nearly the same as ours, then realised the Rouble is approximately worth one new pence!

[officehead] 30/8/2020 15:03

Whilst I can endlessly speculate as to what has been going on and the reasons for it. I am going to try to avoid rushing to conclusions about what has been going on.

The announcement by POG on Friday afternoon, says that the board of directors fully supported the actions of the Interim CEO.

They now need to explain to stakeholders the reasons behind the office and computer equipment damage/theft.

If they didn't support such aggressive activities, then they need to quickly take decisive action to diffuse the situation.

If Meshcheriakov has broken the law in his actions, then the BOD will have lost the high ground, leaving them isolated and undermined from the start.

Improved transparency and governance ..... my arrrse!

[midasx] 30/8/2020 14:20

Yes and they pinched the keys for the Pox plant and the 4 digit code for the alarm and Strukovs men can nip in after dark and steal the POX plant off them!

I am definitely selling all my holdings first thing Tuesday!

[stevea171] 30/8/2020 14:01

Polymetal have the only other POX plant in Russia that took years to trouble shoot. They have a larger POX2 under construction.

[undervaluedassets] 30/8/2020 13:32

What with Uk PI indifference and the abundant evidence for complicity and cabals betweeen the different large institutions in Russia that held shares it was in fact easy for them to win the vote. .

I do not think the 'traitorous institutions' are troubled at all. I am sure there have been lots of secret handshakes in the background and they will sort each other out.

There is absolutely no transparency here and we should expect none.

UGC is an extremely secretive and impenetrable institution famous for running roughshod over everyone and everything.... A leopard does not change it's spots... and from the action at the Moscow offices last week it is clearly going to be business as usual.

I pity the 2 founders watching their life's work fall into the hands of unscrupulous people ... must be like losing a child. And of course the 9000 employees and managers are going to get properly screwed as well.

[troy] 30/8/2020 13:20

I would have thought that Sulieman Kerimov would be more interested in technology. Aren't Polyus building a POX plant at the moment ?

Afterall, Meshcheriakov was Kerimovs man at Bonum Capital. Perhaps some sort of carve up deal has been done with Kerimov and Strukov ? The tech would benefit both.

[stevea171] 30/8/2020 11:46

I agree with Togglebrush and Cliff above that the smash and grab raid on the POG Moscow office was at least partly to get off with POG proprietary plans and technical specs for its POX plant.

According to Pavel, Strukov has wanted POX treatment at UGC and has even claimed he has POX without providing any evidence but Strukov tries to do everything on the cheap without taking the time or paying the price for anything. So it seems that Strukov's plans for POX treatment at UGC failed.

So now he has the motive and opportunity to steal this technology from POG and pay nothing for it. If the technology was for sale, which it isn't, it may be worth a billion dollars.

These 3 remaining directors from the old board - Cameron, Ms Phillips, and Kharin have enabled Meshcheriakov to likely steal POG's POX technology and hand it over to Strukov for free. Meshcheriakov is clearly a pawn of Strukov with his corporate raider team including heavies - Ural Athletes - and computer experts who all likely come from UGC.

That technology was paid for by POG shareholders over the past 10 years and these scum POG directors have now likely allowed it to pass into Strukov's hands for free. I hope the traitorous institutions who supported Strukov and Everest at the EGM are now pleased with themselves as the true nature of Strukov is revealed.

[togglebrush] 30/8/2020 10:06

IF MOEX activities described above apply to POG should not they also apply to POLY ???
because at present POLY's share price doesn't seem to be behaving in the same way.

[midasx] 30/8/2020 08:01

A lot of funds will need to take positions in POG by the 18th September.

The Russian listing is going to be very beneficial to the share price.

Gold on an upward trajectory will reach new all time highs in the near future.

All looking very positive for POG investors!

[midasx] 30/8/2020 07:56

The Moscow Exchange Russia Index and RTS Index are capitalization-weighted composite indices calculated based on prices of the most liquid Russian stocks of the largest and dynamically developing Russian issuers with economic activities related to the main sectors of the Russian economy presented on the Exchange.

This is hugely positive news for POG and not some Sun Newspaper type hype non story!


27.08.2020 09:00

Revised lists of the Moscow Exchange Indices announced

Today Moscow Exchange announced the results of the quarterly review for MOEX indices. All changes were made upon recommendations from the Index Committee and will be implemented from 18 September 2020. The Exchange has also set free floats for a number of companies.

Depository receipts of Mail.ru Group Limited and QIWI PLC as well as ordinary shares of Petropavlovsk PLC and PJSC "Rosseti" will be added to the MOEX Russia Index and the RTS Index.

Depository receipts of Mail.ru Group Limited and ordinary shares of Petropavlovsk PLC will complement the Broad Market Index while ordinary shares of PJSC "RBC" will be excluded.

The constituent list of the Blue Chip Index will remain unchanged.

Upon recommendations from the Index Committee Moscow Exchange will make changes to the industrial classification of Yandex N.V. and state Mail.ru Group Limited and Yandex N.V. as belonging to IT sector resulting in deleting shares of foreign issuer Yandex N.V. from the constituent list of the Consumer Index.

PJSC "Rosseti South" (ords) will be deleted from the Electric Utilities Index, while ordinary shares of Petropavlovsk PLC will be added to the SMID Index and the Metal & Mining Index.

[undervaluedassets] 30/8/2020 06:42

hxxps://www.forbes.ru/milliardery/407853-veli-sebya-grubo-i-po-hamski-struktura-zolotodobytchika-pertopavlovsk-soobshchila

someone posted an extract but this needs reading in full too.

[route1] 30/8/2020 06:25

This statement should also confirm that Dr Pavel has been reinstated,together with a delisting from the MOEX,if at all possible,as I am fully aware that we have only recently been listed on it.However imv anything that may calmthings down,including the above,andreturn to normality,should be enacted ASAP. Is a Moscow listing essential?

[undervaluedassets] 30/8/2020 05:03

MoonieSteve... who are you ? come on give us a little granularity and detail as to who you are.

We have never seen you before. You have gone from being entirely silent to the most vocal person on this board. You come on here backing Strukov - a man universally reviled (even in the Russian press).

You back Strukov's apparent control of events - (when I should remind you he should have no control day to day outside of appointing board members annually.) - being like us, just a minority shareholder.

Can I ask you do you therefore endorse the vandalism, + the wiping and theft of data by the new temporary (temporary!) CEO and his 'Ural athlete' henchmen from the offices in Moscow? Do you endorse threatening behaviour towards staff? (good management take their staff with them on the corporate journey) Do you really think this is good corporate governance?

Finally do you think that any truly independent board would endorse this type of behaviour in a FTSE 250 company?

Maybe you see this as entirely justified and part of the new normal.

So who are you and answers to my questions please.

[celeritas] 30/8/2020 00:16

I'll be amazed if any auditor takes the job in this climate.

[cliffo2] 30/8/2020 00:14

Possibly they feared Pavel in a scorched earth scenario - the tech info. could mysteriously disappear or be altered?

[cliffo2] 29/8/2020 23:31

On reflection, and with regards to Togglebrushes earlier post. These recent events look like a raid to take possession of the Crown Jewels - the POX design and technology.

[midasx] 29/8/2020 23:05

Lol complete nonsense!

[stevea171] 29/8/2020 19:17

Probably the only thing that will restore confidence here is if the company puts out a statement before open on Tuesday:

Condemning Strukov and Meshcheriakovs' behaviour and stating they will play no further role in the company and have no further influence on company activities with Meshcheriakov having left the company with immediate effect. signed by the Chairman, Cameron.

[bocase] 29/8/2020 17:58

The big question for us investors is will the addition to the Moex be more important than the pantomime and thuggery. Time will tell. Certainly keep fingers crossed for a very strong gold price on Monday. Every little helps.