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POG Petropavlovsk Plc

0.00 (0.00%)
22 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petropavlovsk Plc LSE:POG London Ordinary Share GB0031544546 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.20 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.20 1.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.20 GBX

Petropavlovsk (POG) Latest News

Real-Time news about Petropavlovsk Plc (London Stock Exchange): 0 recent articles

Petropavlovsk (POG) Discussions and Chat

Petropavlovsk Forums and Chat

Date Time Title Posts
22/6/202313:24Petropavlovsk Gold Miner - inc. Charts56,952
04/7/202211:26Short POG the DOG to 1.5p43
16/12/202119:25*** Petropavlovsk ***65
18/5/202015:55Reasons why to Buy and Hold in Petropavlovsk (POG)6
09/3/202011:01Petropavlovsk - coup by Prudential?12

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Petropavlovsk (POG) Most Recent Trades

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Petropavlovsk (POG) Top Chat Posts

Top Posts
Posted at 22/6/2023 13:24 by chris242
Any latest news for POG
Posted at 12/7/2022 10:05 by ukgeorge
I would guess the group that bought the Kinross asset will buy the POG assets.

Below from SPAngel

Petropavlovsk (POG LN) SUSPENDED – Russian gold producer files for administration
• Petropavlovsk shares have been suspended following an administration application at the High Court in London in the coming days.
• POG has also requested the halting of trading on the Moscow Exchange.
• The company comments that it is currently unable to repay its loan with Gazprombank, and the Board considers it very unlikely that it will be able to refinance the loan in the short term and has to date been unable to do so.
• The company is still exploring a sale of its operating subsidiaries and has received an offer from one party to acquire and a proposal from another party expressing an interest in the acquisition of those subsidiaries.
• Discussions with both parties are ongoing.
Posted at 08/6/2022 09:41 by pwhite73
comedy - There is the PLC which is listed on the LSE and there are the physical goldmines operating in Russia. The physical goldmines are secured against the debt to GPB. Why would a third party put in a bid for POG listed shares at 2p when any such bid would not include the gold assets as things stand. In order to service its debts and remain a going concern POG is trying to sell the gold assets before GPB seizes them in the Russian courts under default laws. POG has already stated it may seek protection from such actions by GPB under Russian bankruptcy laws.

There is no offer for POG shares from China or anywhere else.
Posted at 14/5/2022 08:19 by pwhite73
Do you even understand the RNS. If GPB attempt to seize the Russian subsidiaries POG will seek a waiver and ask for the Russian subsidiaries to be placed into bankruptcy so they can continue to operate protected from its creditors. Once in bankruptcy they are no longer the property of POG PLC but the property of the courts. Similarly McColl's have just gone into administration. They are no longer the property of its shareholders or the directors but the property of the administrators. If all the Russian subsidiaries go into bankruptcy then by default the shares should be suspended.

I'm not sure why POG claim GPB can seize the assets when they clearly cannot according to the bankruptcy moratorium.

Until the war is over and the international community lift sanctions against Russia nothing good can come from investing in POG except the odd spike caused PIs who don't understand what's going on.

Be careful suspension can come out of the blue anytime.
Posted at 22/4/2022 08:32 by jibba jabber
PWhite7320 Apr '22 - 16:43 - 56572 of 56595
0 1 0
lawrence thirteen - POG are smarter than that and I think they have been upfront and honest right from the start of Russian sanctions. They know only too well there are forces in Russian that want to take their gold assets for nothing and are using the debt that POG can service but are not allowed to as an excuse.

The PLC where shareholders have their money is just a virtual company the subsidiaries in Russia where the mining staff are employed are for real.

Down another 17%. Where are all these cheaper and cheaper shares coming from for PIs to buy. They are coming from the major shareholders who are selling knowing the PLC is worthless.
danmart220 Apr '22 - 18:07 - 56573 of 56595
0 2 1
It’s tremendous for anyone who was stuck in work today and couldn’t get access to sell their POG shares that the price has held up as high as 1.6p.

It will only take one of the big holders to get nervous and drop the lot for the price to fall below 1p.

I wonder how long POG have indicated they can hang on so major shareholders can get out at a price above 1p without spooking the market?
Until next Monday?
Posted at 20/4/2022 07:11 by pwhite73
john henry - "Putin signed the new rule April 16, and within the coming days Russian companies must comply"

This is also correct so the seller of the POG shares would be REGION Financial Services and their 29.9%. Furthermore they are only too happy to sell because they know POG's assets are going to be seized in Russia as a result of the default to GPB.

The idiots on LSE chat seem to think GPB assigning the debt to UMMC allows POG to get around the sanctions. It doesn't. They buy cheaper and cheaper POG shares but the bid price will always be kept well under the lowest buy price until suspension is announced.
Posted at 17/4/2022 07:00 by fission453
Permission asked to put this info on here:

1. POG can't pay GPB or sell gold via GPB and pay bondholders due to a technical issue (i.e. UK sanctions on GPB specifically). Obviously not an affordability issue as share price was comfortably 20p into 2022, declined to 14p on pre-war tension and then tumbled to ground-zero as tracker funds force sold. Subsequent GPB sanctions then came into leading to appointment of AlixPartners, HQ'd in London and US with a strong M&A team.

2. Positively conversations on sales waiver and debt sale to continues and with RNS on looking for sale asap as an option, GPB may be more amenble to a waiver. So yes, I agree with an earlier post this possible.

3. Kinross on 2/3 announced that due to the war, it was undertaking a 'transition plan and suspended operations' in part due to supply chain issues and ESG. On 29/3 Kinross announced exclusivity with Highland Gold (Fortiana Holdings) for $680m to acquire 1 mine and 1 project. It also interestingly said it'd received 'multiple unsolicited offers'. I suspect Fortiana's Cyprus holdco played a part as a route for USD payments out.

4. Kinross' Kupol mine, slated for 350koz in 2022 pre-suspension with roughly 1.25Moz Au eq reserves was valued at $400m. So Highland paid $650 per reserve oz.

5. POG's reserves are c.7.2Moz at $1,700 and resources of just under 20Moz. It isn't going to get $650 per oz (!) but even I could get more than for Kinross' aging underground mine and a project that still needs 100s millions spent on it.

6. I've looked at AP's M&A Insights paper and the team. It has a pretty sharp approach and Stage IV is the launch of the sales process after understanding 'the whole' and valuing accretion opportunities to a new buyer. What's for sure, Kinross only needed to drop a hint and bidders emerged. POG has clearly lit up for 'for sale' sign and AlixPartners likely been prep'ing this for competitive sale.

Personally, I was pleased to the intention to sell and is the right long term route with or without GPB issues, which will be solved by change of ownership. For LTHs, they have been suitably warned of an inevitable loss of share value in the RNS and directors covered themselves.

Someone on another chat pointed out $680m (ie. same as Kinross) would be 5p to shareholders. Many would like to see exit value of 7.5p-10p. I believe this is the only other large western listed gold miner exiting Russia, so those that failed to buy Kupol will have to work a bit harder. Western markets have marked down the assets to a point H1 '21 EBITDA of $145m exceeds current $111m market cap - bit silly if you are assessing this in Russia or China.
Posted at 14/4/2022 16:24 by stoopid
I don't think a lot of you understand what is happening here. There will be a fire sale of POGs Russian assets to whoever will buy them. The assets will be sold/transferred out of POG into the company that has bought them. POG from that moment on becomes a cash shell containing no assets, all the debt and the cash. The cash will be used to pay the debts/bondholders as they are first in the food chain for the banks. The POG shell will be slowly would down with all debts serviced with the cash and shareholders left with nothing.......Should have sold today if you wanted to get any reasonable money out. POG will fall like a stone on tuesday.....
Posted at 14/4/2022 07:33 by edmondj
Remarkable, how hope springs ever-eternally in the POG share price!
Posted at 09/4/2022 07:21 by pwhite73
Talk of peace or a peace deal will certainly lift POG share price but the issue for POG is not the war but the sanctions. The lifting of sanctions will not be part of any peace deal between Russia and Ukraine. The sanctions are a punishment by the US/EU and the west for Russia's genocidal aggression towards Ukraine. The sanctions have much deeper financial consequences. The US wants to wean Europe and the west off reliance on Russian, oil, gas, coal, mineral resources and replace them with their own.

Leaving the broader geopolitical implications aside POG has a more immediate problem which is the results that have to be out by 30/04/2022. Until POG give an indication of what's happening with the results the shares are untouchable.
Petropavlovsk share price data is direct from the London Stock Exchange

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