Kenj2
18 Apr 2018
POG Director BUYS shares !!!! At long last a POG director has put his hand in his pocket and bought some shares.This is the first director buy since the new board was appointed in late June 2017.Mr Adrian Coates, Non-Executive Director, purchased 142,255 ordinary shares at 6.995p, just short of £10,000.Until the bonus share awards kick in, in a month or two, his 142,255 shares is the entire holding of the POG Board, representing approximately 0.004 per cent of the Company's issued share capital. Fills you with confidence, don't it?
nk1999
01 Apr 2018
From Telegraph "THE biggest investor in Russian gold miner Petropavlovsk has demanded it revive deals scrapped last year and embarks on an acquisition spree.Kenes Rakishev, the Kazak investor who took a 22pc stake in the mining company last year, called on the board to reopen merger talks with Amur Gold, which has assets near to Petropavlovsk’s three mines in east Russia. He also urged it to reconsider talks with Renova, a vehicle controlled by Russian billionaire Viktor Vekselberg, over its gold mines in Kamchatka.“Both these assets are very good because they’re in the same area and there’s no need to spend big,” Mr Rakishev said. “I say very openly we should look at M&A.”He also wants the board to speed up the sale of Petropavlovsk’s 31pc stake in Hong Kong-listed iron ore producer IRC. Mr Rakishev, who previously invested in London-listed Central Asia Metals, has become increasingly vocal on the need for Petropavlovsk’s board to show “vision”, and now has a representative on the board....."
Kenj2
18 Feb 2018
And then there were none! All the old board now kicked out or resigned."Petropavlovsk PLC also announces the resignation of Andrey Maruta, who is currently Chief Financial Officer and a member of the Board. Andrey will depart from the Company on 1st April 2018 after the 2017 audited accounts are approved and will provide consultancy services to the Company for several months thereafter in order to provide a smooth transfer of responsibilities." 16 Feb 2018"The Board of Petropavlovsk PLC ("Petropavlovsk" or the "Company" or, together with its subsidiaries, the "Group"
announces that Dr Pavel Maslovskiy has today resigned from the Board with immediate effect and is also resigning as CEO of the Company." 17 Jul 2017AGM Result."Retirement of Directors - Messrs Peter Hambro, Robert Jenkins, Alexander Green and Andrew Vickerman were not re-elected as Directors and therefore retired from the Board on 22 June 2017."
sootmeistre
08 Feb 2018
names new boss, dashing hopes of Kazak investor [link] Deniskin will now take charge of an ongoing project to complete a pressure oxidation (POX) plant that should boost its recoveries of gold............Since 2016 Mr Deniskin has been deputy chairman of Kazakhstan-based miner Eurasian Resources Group, the successor company to ENRC. The latter delisted from the FTSE 100 in 2013 in the wake of a Serious Fraud Office investigation into allegations of corruption. Both ENRC and its successor have always denied wrongdoing.''things that make you go hmmmmm!
PacificSailor
30 Jan 2018
No significant shorting Shorttracker is not showing any shorts for POG.The POX plant to be completed Q4 so we can start turning some of that accumulated dirt into gold.And, most importantly, we seem to have a major shareholder that is interested in POG and mining for the long term.Perhaps this will start its long climb out of the hole it has dug for us over the last decade!
strapuk
25 Jan 2018
Re: Telegraph looks promising Hopefully a new dawn after several false ones. Still holding, 50% down, but still holding ...
sootmeistre
24 Jan 2018
Telegraph looks promising Kazakh oligarch vows new start for gold miner Petropavlovsk after taking 22pc stake ''[link]
Redinjun
28 Dec 2017
The Daily Telegraph, citing Reuters, reports that Renova has disposed of its 22% stake.
Redinjun
09 Nov 2017
$500m more debt!
Workingstiff
24 Oct 2017
Re: 4 Large Buys You are right. My first explanation was b#ll#cks, Here is the proper definition - "If a stock broker receives separate orders to buy and sell at the same price at the same time, he must offer the stock in the market at a higher price than the bid. If no higher bid is available, he can execute the two deals at the same time and at the same price."I thought I knew what a cross meant but was clearly wrong.
Kenj2
24 Oct 2017
Re: 4 Large Buys "The way this is done is that Broker A purchases the stock from Broker B at the price the customer is prepared to pay, then passes the stock on to the customer."The trouble with that Workingstiff, is that Broker A would be working for nothing. Call me cynical, but I really can't see that happening.As regards the new bond issue, we have been told very little. They have not even said how much they want to borrow, let alone for what purpose, but I fully agree with your last paragraph.
Workingstiff
24 Oct 2017
Re: 4 Large Buys It's where a broker (Broker A) has a buyer but doesn't have the shares to fulfill the order. Effectively Broker A passes the deal on to another Broker (Broker B). The way this is done is that Broker A purchases the stock from Broker B at the price the customer is prepared to pay, then passes the stock on to the customer. That would explain why all the transactions have the same price.These transactions normally carry a dealing code of X (for cross). I see your transactions all had a code of O (for ordinary), so I may be wrong, or maybe the platform is wrongly reporting the dealing codes.I see POG are going to do another bond issue. They suggested they might move the debt away from their current banks in the half year conference call.Let's hope it is refinancing of existing debt rather than issuing new debt. Although it might be prudent to make some provision for the possibility of IRC failing. Also, lets hope the new bonds are not convertible - it would be nice to get that monkey off our backs.
Kenj2
24 Oct 2017
Re: 4 Large Buys "Perhaps 2 of them were broker to broker crosses" WorkingstiffI am not familiar with this type of trade, and am surprised that this might be shown as a buy. But I certainly would not expect it to be shown as an Ordinary Trade. BWTFDIK!12-Oct-17 10:43:37 8.00p 46,376,134 Buy* 7.65 7.86 £3.710M O12-Oct-17 10:43:37 8.00p 46,376,000 Buy* 7.65 7.86 £3.710M O12-Oct-17 10:42:58 8.00p 46,376,134 Buy* 7.65 7.86 £3.710M O12-Oct-17 10:42
1 8.00p 46,376,134 Buy* 7.65 7.86 £3.710M OThese large trades were all made at 8p, above the bid and ask price at the time. I would not expect a broker to be paying a premium price unless he had a confirmed buyer lined up.
Workingstiff
23 Oct 2017
Re: 4 Large Buys Perhaps 2 of them were broker to broker crosses, and the others were purchases. That would make the actual purchase under 3%, and therefore not notifiable if it was a new investor.
Kenj2
23 Oct 2017
Re: 4 Large Buys Eleven days later and still no RNS.4 identical trades, each one a buy of 46,376,000 shares, and all within seconds of each other, so hardly 4 random trades. Trades occurred on 10th October at 10:43.This is a total of 185.5m shares, or 5.6% of issued stock.I did not see the trades cancelled, so why no RNS?I suspect that someone is not playing by the rules, and is building or adding to their position without declaring it. Still the sp has risen from 7.8p to 8.41p since then, so not all bad.
