Petropavlovsk Share Discussion Threads

[kendonagasaki] 01/8/2021 20:16

This is going no where.Dodgy Russian enterprise imo.Better off to buy a lottery ticket...more chance of winning!

[fast lane] 29/7/2021 20:52

Alexander the Great invaded what is today Afghanistan in 330 BC as part of war against Persia
Alexander the Great (356-323 BC)


The final and complete withdrawal of Soviet combatant forces from Afghanistan began on 15 May 1988 and ended on 15 February 1989.
The fall of the Berlin Wall : 9 November 1989

General Austin Miller stepped down on Monday, days after President Joe Biden said that US military operations would cease by 31 August 2021 in Afghanistan.

Fall of the Fiat Us Dollar? (and all fiat currencies)

Inevitable.

Fiat & Gold? In the same town? No way!





Got Gold?

[midasx] 29/7/2021 12:23

From the IRC update:

Corporate & Industry
• Positive Profit Alert with larger profit in H1 2021 than in H1 2020;
• 100% increase in H1 2021 average Platts 65% iron ore price (H1 2021: US$211/t vs H1
2020: US$106/t);
• H1 2021 closing cash and deposits balance increased to c.US$67 million, after
– loan repayment and interest totalling US$17.1 million to Gazprombank in H1 2021; and
– payment of guarantee fees to Petropavlovsk PLC of US$13.8 million in H1 2021;
• Early principal repayment to Gazprombank of US$20 million in July 2021;
• K&S continues to operate normally while it continues to resolve the RTN compliance
issues;
• Trial shipment via the Amur River Bridge is expected in August 2021.

Commenting on the performance of the second quarter, Yury Makarov, Chief Executive
Officer of IRC said, “Due to the strong demand for iron ore from the Chinese steel mills and
scarce supply, the iron ore price has reached an all-time high. We are pleased with the strong
price environment and are taking advantage of this tailwind to improve our profitability and
liquidity. Our strong cash flow allowed us to prepay part of the Gazprombank loan in July to
reduce the Group’s gearing and finance costs.

[robertstronghand] 29/7/2021 11:26

Pleasantly surprised at the level of take up. Great reaction post FOMC, looking like Strukov picked up shares at the right time, foolish sellers.

[midasx] 29/7/2021 07:15

If the interest rate is 4% lower POG will save approx £5.5 million over the next 12 months. Hopefully more will take up the tender offer before final closure on the 9th August.


Petropavlovsk has secured the offer of a US$200m term loan (30 June 2023 maturity), to be used for the partial buy-back of the US$500m Notes in accordance with the announced tender offer. The term loan interest rate is significantly lower than the 8.125% coupon on the US$ 500 Notes

[lawrence thirteen] 28/7/2021 11:24

Any still unproved allegations of Pavel fleecing anything pales into insignificance when compared to what Akimov and strukov have in mind when they plunder POG and its remaining shareholders

[robertstronghand] 27/7/2021 21:02

HGM was on AIM and the Abramovich group controlled more than 50%. H1 would always be poor as Pioneer flotation was starting up, thanks to Pavel enough third party wasn't acquired, transition to Elginskoye at Albyn was happening and access to the high grade ore underground at Andreevskaya wasn't happening till August at Pioneer, none of which was a secret and was in all the company literature. Anyway nice to see the GDX close green, 1795 attacked and repulsed but we await the FOMC tomorrow.

[robertstronghand] 27/7/2021 11:04

If you read John Helmer Pavel has been fleecing investors for a long time, I wonder if the SFO are having a look at Peter Hambro, they should be. FOMC on Wednesday, 1795 a support level, hoping it will be a launch off this level, interesting to see how the miners trade in North America today.

[jimbobs147] 27/7/2021 09:01

I don't disagree, he won't buy any more until around November this year as the share price dipped to 26.10 on the 01/11/20 which means he could pick it up at around that mark.

[undervaluedassets] 27/7/2021 08:34

jimbob ..3% still derisory if so.

POG's recent awful trading update was a fiction I reckon.

I would not be surprised if they did far better than that.. they barely attempt to sugar the pill. He needs to keep keying the car to pick it up on the cheap.

why on earth would Strukov want to pay 40p

[jimbobs147] 27/7/2021 08:27

https://www.thetakeoverpanel.org.uk/the-code/download-code

[jimbobs147] 27/7/2021 08:24

Highland Gold investors got 3.6% premium on previous days share price but this was in the AIM market, not a FTSE250 share.

[undervaluedassets] 27/7/2021 08:06

price of gold is being very helpful for Strukov as well.

[undervaluedassets] 27/7/2021 08:04

Midas..

He can offer what he likes.

He is going to pump out more and more bad news and you are all going to get shafted.

Highland gold shareholders got no premium on the closing share price for the shares. precisely zero (update actually 3 % .. sweet fa). This is Russia.

As I have said his game has been obvious from the start. Create chaos. damage the company. Damage the share price and pick the whole thing up on the cheap. And it is working.

Think you will get 40p? you are dreaming

[troy] 27/7/2021 07:48

That's exactly as I've read it Midas but takeover rules can be complicated.

[montyhedge] 27/7/2021 07:35

Is there still a short position of over 6% or have they closed, bears if not could be short and caught.

[midasx] 27/7/2021 07:25

Another 0.81 % and a full takeover offer will have to be made.

They have acquired another 2% with a falling share price.

Takeover offer at a price at least as high as the highest price in the last 12 months, currently 40.1p.

[robert handofstrukov] 27/7/2021 06:47

Reading Stronghand and Midas extol the glories of POG management is reminiscent of Pravda & Isvestia extolling the virtues of the glorious Soviet Union. They have the same respect for the truth. When will paid propagandists learn that they are far more credible if they occasionally concede their clients are mortal? Long live the glorious Strukov!

[popeye888] 27/7/2021 05:33

Let us hope that the new guys now running POG don't continue down the same path.

[midasx] 26/7/2021 15:47

Unfortunately Pavel and Alexey did their best to put a spanner in the works for POG, following the board replacement and removal of Pavel as CEO.

I get the feeling Russians and Putin are proud and protective of their Gold production companies and I fear they may have made a very silly move!

[popeye888] 26/7/2021 15:02

MOSCOW, July 8 (RAPSI) — Moscow's Tverskoy District Court has arrested in absentia Alexey Maslovsky, son of Pavel Maslovsky, the former director of gold mining company Petropavlovsk Plc, the press service of the court informs RAPSI on Thursday.

The Tverskoy District Court ruled to detain Maslovsky for a period of two months from the date of his transfer to Russian authorities in the event of extradition or deportation to the national territory, or from the moment he is apprehended on the territory of the Russian Federation, court said.

Alexey Maslovsky had been charged with embezzlement on an especially large scale.

Currently, Pavel Maslovsky is being held in custody. Investigators believe that in 2018 he and sine other defendants involved in the case embezzled about 100 million rubles (about $1.3 million at the current exchange rate) of the enterprise.

[robertstronghand] 24/7/2021 11:37

Reasonable capital commitment but I would think expansion of Pioneer flotation to a similar size as will be at Malomir will be part of the long term strategy. I think this will include the addition of two more autoclaves as own concentrate would be 400 ktpa, not far off capacity of the POX hub, and so POG would need additional capacity to process third party ore and any new deposits or expansion that I am sure will also be part of the long term strategy. In that regard the upgrade of the Trans-Siberian Railway and Baikal-Amur Mainline will be complete by 2024, already lines have been straightened and some sections double tracked, google Trans-Siberian Railway expansion and there is a good article on Kyodo News about it. Should improve costs for shipping in ore to the POX Hub.

[midasx] 23/7/2021 08:08

Yes, we are on a very clear path to producing far more profitable Gold from our own refractory ore using our own POX plant far more efficiently.

We can look forward to more positive trading updates and positive news flow going forward!

[robertstronghand] 22/7/2021 16:42

Interesting to note that on the Pioneer launch video on the website Denis says they are already looking at expanding the Pioneer flotation facility from 100 ktpa to 180 ktpa.

[lawrence thirteen] 22/7/2021 14:53

Robert Stronghand are you R Brand?