Petropavlovsk Share Discussion Threads

[undervaluedassets] 29/3/2021 11:52

Don't tell me you are an anti-vaxxer as well Midas?? You have taken everything out of context. I was having a debate with a rampant idiotic anti-vaxxer and conspiracy theorist on the NCYT board.

And again ....what has that got to do with POG?! Again why have you gone off-topic and not addressed my points directly. Your reposts suggested you are incapable of sticking to the subject. You might as well be saying "yeah well you have a big nose" (which incidentally I have).

You take everything personally and would appear to have a bone china personality. I am sorry that your feelings are so very delicate. Grow up!

[midasx] 29/3/2021 10:42

UVA,

As you have no position here I see no benefit in engaging you in constructive discussion on POG . You are simply here to de-ramp and justify your decision to sell your holdings and miss out on the previous opportunity to benefit from the rise from 24p to 33p.

I will go so far as to say your previous post is full of inaccuracies and complete conjecture on your part.

We both hold positions in RR, however I purchased at a level far lower than your ill timed purchase, took full advantage of the placing, selling on the following spike and my holdings are now riding for free. As I have a close relative who works for Rolls Royce my interests run far deeper than purely financial profit.

You strike me as an unpleasant character and not somebody who I would really wish to converse or banter with!

Looking at one of your recent posts you are highlighting your conjecture of 5000 Brazilian deaths a day to support your investment argument and desire to make money!

undervaluedassets - 27 Mar 2021 - 08:42:56 - 51420 of 51451 COVID-19 - NCYT


3600 deaths in Brazil yesterday. Given the nature of Brazil, I would say that is a huge undercount too. This is a country whose president is trying to downplay COVID.

This of course is directly attributable to Bolsinaro who is trying a strategy of just wishing COVID away.

Brazil is showing us what COVID looks like when you have NO mitigation strategies in place.

Will hit 4000 a day by end of next week and perhaps 5000 deaths a day the week after

Andymunchkin... Were you dropped on your head as a child or something?


Your arrival would appear to have stopped the current slide in POG for now!

I do not wish you well!

[undervaluedassets] 26/3/2021 21:21

In profit thanks Midas, admittedly only just. But It is just one of 40 holdings I have (mainly in post-pandemic 're-opening' stocks around the world). Nothing is perfect is it? But for the moment I have the good fortune to have more winners than losers which is pleasing.

... But How is my holding in RR relevant to the points I just made about POG?

However, seeing as you asked I will answer your question about my rationale for holding RR fully..

History will decide how well-timed my purchase of RR stock is. But in relative terms, I have bought near historic lows and RR is Britain's largest and most multi-faceted engineering company which I find reassuring. I will go to sleep on them now. I hope (nothing is certain is it) to be leaving a deeply 'in the money' RR position to my son some years hence. It is a fraction of my holdings.

The trick for the average investor (none of us are Warren Buffet are we?) is to be mostly and roughly right the majority of the time. And to avoid sticking with huge positions/situations where, despite being shown all the evidence, one is precisely and catastrophically wrong.

Midas, I have graced your off-topic jibe with a full answer. Would you now, in turn, care to respond fully and with specificity to the points that I have made regarding the situation with Petropavlovsk.

I wish you well.

[midasx] 26/3/2021 18:44

How is the ill timed Rolls Royce purchase going UVA?

[undervaluedassets] 26/3/2021 06:30

POI.

After an evening of going back through the news archive I found out that Strukov purchased his mega holding on the 5th feb 2020 for around 16p. I would imagine he and his backers will not want to make a move till the shares are trading at or below 16p a share.

With the price of gold collapsing (bitcoin seen as preferable), thin margins, POG's AISC going up (esp oil) and finally Petropavlosk courtroom/boardroom battles continuing in the background there is little to hold the shares up.

[seppsuess] 25/3/2021 10:36

A takeover could be.
But still a lot of westerners are holding POG

Another trend: The HUI index has been falling over the last half year.
Also the gold price
Same as POG

[undervaluedassets] 25/3/2021 10:13

It has always been about this.

I am ex POG too. Was a brilliant prospect. Now not.

The boardroom coup was always about getting control so that ultimately UGC can buy the whole on the cheap.

UGC and cronies are therefore happy with dismal newsflow (indeed they have fomented some of it) as one day they will offer for POG and put everyone out of their misery.

my bet is they will make their move at a price between 10p and 20p.

What price did strukov get his shares for? I would imagine he will try and pay less per share than he paid for his shares when he buys out the whole.

[troy] 25/3/2021 08:17

That high steve ? :-)

[stevea171] 25/3/2021 07:57

25p offer for POG coming next?

[stevea171] 24/3/2021 21:34

I'm another ex TSG and ex POG holder who has been forced out of both companies when prospects never looked brighter but Russian oligarchs took control.

Russian miners are being hoovered up
Alex Hamer March 24, 2021

Miners with assets in Russia’s far east are getting picked off the London Stock Exchange like teenagers in a horror film. First was Highland Gold Mining last year, then the offer came in for Kaz Minerals (KAZ) – which has the Baimskaya copper project in Russia’s Chukotka region – and now Trans-Siberian Gold (TSG) shareholders are being offered 118p a share for their holdings in the company.

Vladislav Sviblov, who also took over Highland, will pay just over £100m for the 40,000 ounce (oz) a year gold miner, and has already sewn up over 50 per cent of the shares through an agreement with Trans-Siberian’s major shareholder UFG Asset Management and two directors who have worked for UFG.

Trans-Siberian's low free float means it has never had high trading volumes, but this deal signals a trend that shareholders need to keep an eye on. London has a fraction of the mining stocks listed elsewhere, although they are better quality overall than Toronto’s venture exchange chancers and Australia’s lifestyle explorers.

There is a link between these deals aside from the geography: Russia’s second largest bank, VTB. While it would seem obvious such a large institution would work with plenty of mining companies, these deals are being done through its London office.

Who could be next?

With the gold price well adrift of last year's highs, one mid-tier London-listed gold miner is trading a third lower than in September. This company also operates in Russia’s east and has a few familiar faces involved: Petropavlovsk (POG).

Petropavlovsk is now run by former Highland boss Denis Alexandrov, who took over in December. Sviblov was a minor shareholder until last year, but the obvious buyer is fellow gold miner Uzhuralzoloto Group of Companies (UGC), which was instrumental in rolling the board last year and has an existing relationship with VTB.

VTB’s involvement in London's previous mining transactions was critical. It served as adviser for Sviblov’s company Fortiana when he bought Highland and for the Trans-Siberian offer, and lent the Kaz buyers $3.5bn.

The two key London-based bankers behind the recent deals did not respond to a question on whether they are currently working with UGC.

There are some factors that make Petropavlovsk less likely a target than Highland or Trans-Siberian, however. It has a few more combative shareholders, as seen in the fight over the board last year, where UGC and combined 12 per cent shareholders Everest Alliance and Slevin voted out previously resurrected chief executive Pavel Maslovskiy.

The company also carries a one-third stake in iron ore mining group IRC (HK:1029), which it has been unable to offload. The miner also added a Moscow listing recently, although this process began under the previous management. A smaller company like the private GV Gold could be an easier target, or bigger player Nordgold could be a factor in any mergers. Nordgold, owned by Severstal chairman Alexey Mordashov has recently looked outside Russia for assets, however.

Roadblocks aside, Petropavlovsk does have the lusted-after pressure oxidation plant (POX) that unlocks previously unrefineable refractory gold ore. UGC proved it was more than just interested in holding the company as soon as it took the 22 per cent stake last year (now 24 per cent, says FactSet), and Maslovskiy said a merger was possible.

Fellow shareholder Prosperity Capital and former deputy chief executive Alya Samokhvalova claimed the move was made so UGC could take over Petropavlovsk without paying for it.

Given VTB backed the in-progress Kaz Minerals takeover – and the potential payday that might come its way in raising $8bn to build a new mine – financing a Petropavlovsk takeover might breeze through the risk committee.

[troy] 22/3/2021 17:30

Bitcoin intrinsic value = 0

[midasx] 22/3/2021 06:30

The actual real market for buying physical Gold rather than the Crimex Casino is strong in the biggest markets of India, China and Asia.

Guess where World growth is going to be produced over the coming decades?

[midasx] 21/3/2021 19:16

Yes crypto a perfect inflation hedge and go to in the event of market volatility lol!

Generation Z are supposed to care about the planet. Generating crypto takes huge amount of power and energy not helping global warming and potential destruction of the planet.

Something of a contradiction?

[cromw3ll] 19/3/2021 08:51

Bitcoin is the new preferred Gold. That's where all the money is flowing to.

Gold is so not attractive for GenZ and its in terminal decline as a store of wealth.

[troy] 19/3/2021 08:43

All quiet on the Petropavlosk front Midas ?

Thought i'd revisit here after being shafted by Trans-Siberian Gold yesterday :-) . Well, not shafted exactly but not as good as I hoped. When I sold here in the 30's I stuck it in TSG and then get taken out by a low ball offer ala Highland Gold ! Oh well.

Just catching up then, I see from Russia that Gazprom Bank also asked the FSB to investigate Maslovski's fiddling and he still remains in prison. Bizniz Gazeta recently reported a large year on year drop in gold production at Albyn but didn't specify why.

This story was quite funny ...

Our friends at amur.info kept us well informed of shenanigans (and the Ural athletes !) at Petropavlovsk in recent months. Meshcheriakovs answer ? Sue them in court ! This man was a disaster for POG from the off and has an ego which knows no bounds. More waste of company money on lawyers and courtroom battles.

Anyway, upshot of that one is they had to drop the case because he's still being investigated for his thuggery ! So well done all the journalists at Amur.info, you did a good job.

I still keep an eye here in the vague hope that the new CEO can sort the mess out.

All the best.

[midasx] 18/3/2021 07:27

Nice spike in the gold price, with US rates to be held at around 0% through 2023 the opportunity cost decreases for Gold lol!

[midasx] 15/3/2021 07:14

The mistake the board made many years ago was not hedging some production when Gold soared to all time highs, let's hope they have hedged some production following last year's rise to new all time highs.

The narrative on Gold prices seem to vary to suit the big players perspective however the huge unprecedented rise in dollar supply and the impending increase in velocity must surely put pressure on the dollar in the near term and lead to potential inflation favouring Gold?

[robertstronghand] 14/3/2021 10:10

Gold prepays should be done by mid-year, giving the company an extra 100m plus a year. November 2022 maturation gives the company plenty of time to decide how much to reduce the debt by and negotiate a better rate, Pioneer flotation will have been in operation for many months by then and Malomir just starting up. I fully expect gold to be back up to 2000 by the end of the year too, although likely costs will rise as fuel costs and the rouble rise. If we don't get a dividend at the end of this year then we should start of next. Good to get some more detail on the IRC guarantee and the repayment schedule, should be very manageable. Currently 5m per quarter of the principal as already deduced, what looks like 15m per quarter in 2025/26 looks more demanding, increased production and lower interests costs likely by then. Hopefully the conditions will be met and the corporate guarantee removed, the leverage condition looks easy but the Sutara operational conditions look more demanding, something to look out for, not sure where IRC are with that.

[fast lane] 11/3/2021 18:33

Ecstasy of Gold (Money)

Made in the Stars (& Silver)

Russia has 30,000 tons of gold.

[gordan ghetto] 08/3/2021 12:56

ANA is the best UK cannabis stock

Share price 1.1p
Only £6.4m mkt cap

Fastest growing sector worldwide
Will have first mover advantage in UK
Same growers as GW Pharma
4 biggest shareholders hold over 50%
BOD own 30%
Massively undervalued (£6.4m mkt cap)
Near term multi bagger on license approval
Partners with leading prof , scientists etc
Primed for a RTO/ main listing (price driver)
Under the radar (most chased MXC,CBX)
Looking to bring a product to market
Off take agreement in place already
Will be producing 200 TONS per year
(200,000 kilos)
Has the most land out of every cannabis co
Fully funded for phase 1
UK medical cannabis growing 20% month
Only 584m shares in issue
Hardly any available in open market
Will apply for a commercial license too

Worth getting in on the ground floor imho.

[fast lane] 05/3/2021 20:26

The Ecstasy of Gold

[gilotron] 02/3/2021 20:39

err, the cash rolling in? hxxps://petropavlovskplc.com/wp-content/uploads/2021/02/POG-Investor-Presentation-Mar-2021-FINAL.pdf

[shaf200] 02/3/2021 15:20

We are over 35% below the high... and your telling me to look forward... forward to what...!!??

[jaspoland] 02/3/2021 12:42

Don't look back it's what's in front that matters