Petropavlovsk Share Discussion Threads

[pwhite73] 13/5/2022 10:15

It is meant to be considerate. There is a real threat of suspension here on two fronts. Firstly due to clarification of the company's financial position and secondly the accounts. The auditors cannot sign off the accounts under the current circumstances for POG is not a going concern until the sanctions are lifted and it is able to service the debts it has defaulted on.

[zen12] 13/5/2022 10:05

Too many good Samaritans on this board...although at times it's hard to believe but the tone of 'be careful' sounds so considerate!

[pwhite73] 13/5/2022 09:33

Don't make light of a serious situation. If attempts to instigate the waiver are blocked its curtains. The FCA do act on issues of national importance and sanctions against Russia is one of them.

[ak62] 13/5/2022 09:01

FCA Staff are busy enjoying holidays in Bahamas

[pwhite73] 13/5/2022 08:39

Yes because the FCA which is a government body can advise POG it is breaking the law. Furthermore POG has only stated GPB have allowed a waiver not that they will oblige by it.Again be careful.

[onedayrodders] 13/5/2022 08:34

Oohhhh such strong words from the U.K. Government

[pwhite73] 13/5/2022 08:33

Last night in the EU foreign secretary Liz Truss has urged the EU to maintain the toughest sanctions against Russia until they have completely left Ukraine.Be careful.

[ak62] 13/5/2022 08:25

it will be close to 4p by close

[ak62] 13/5/2022 08:23

POG Petropavlovsk
+20%
GFM Griffin Mining
+13%
PPC President Energy
+11%
AMGO Amigo
+10%
FLO Flowtech Fluidpower
+8%
UKOG Uk Oil & Gas
+7%
DAL Dalata Hotel
+7%
BPT Bridgepoint
+7%
HUR Hurricane Energy
+7%

[ak62] 13/5/2022 08:06

orchestralis-its no 1 on the board

[glavey] 13/5/2022 02:15

How wonderful it must be to live ones life interpreting warnings as good news. "No entry" - oh look, they are inviting me in. "No through road" - oh look, a short cut. "No parking" - oh look, plenty of spaces available.

[ak62] 12/5/2022 19:28

Pog will be no 1 riser board tomorrow

[zen12] 12/5/2022 17:49

Exactly, why would they lol

[wiganer] 12/5/2022 16:50

Any third party that is happy with such an arrangement has a risk appetite beyond the norm. Presumably they are requiring handsome rewards for that.

Barge pole job for me.

[pwhite73] 12/5/2022 16:28

Yes but is the waiver from GPB allowing POG to sell to a third party in breach of the UK Russian sanctions. This is what they should have clarified in the RNS. Moves to get around the sanctions are also prohibited.

So POG sells the gold to a third party they pocket the money and when/if the sanctions are lifted they repay GPB allowing GPB to use the POG's gold money as collateral. If POG don't hand over the money GPB will make attempts to seize the Russian subsidiaries.

Lets see how the UK government and the FCA interpret this work around.