590 days ago
Shares in Cineworld (CINE) are rocketing. They were down to 2p. Today they are more than 50% ahead at just under 7p, valuing this company at £90 million. On the BBs folks are talking 10p and 20p. They have not been this excited and screamed “burn shorters burn” since they piled inro Petropavlovsk (POG) just before it went bust. Or Thomas Cook, shares in which surged from 4p to 14p in the last fortnight before it went bust!
613 days ago
One day, I know not when, there will be no sanctions against Russia. And at that point we might be allowed to ask, without being accused of being an apologist for President Putin, who exactly benefits from all of these sanctions. Hat tip to JW for a summary of what happened after AIM listed Petropavlovsk (POG) went bust. This company, once worth £500 million, was largely owned by British shareholders. So, who benefits from its collapse? Yup. It is the Russians.
642 days ago
Petropavlovsk (POG) was obviously aware that I was driving across France on Tuesday and distracted by the most stressful of episodes, as it took the chance to suspend its shares and say that it would appoint administrators while I was distracted. Today it said that the hearing in the Courts to settle the administration is scheduled for Monday. As the fat lady warms up there are three key takeaways from someone who predicted this on March 4 HERE.
669 days ago
At 6.22 PM yesterday evening, 4D Pharma announced the reason for its “temporary” share suspension. It wasn’t a messy and discounted placing, as I suggested here, but administration. Shareholders will, I fear, lose everything. I discuss who is to blame, what can be done (nothing) and the read-across to a raft of other stocks that could go the same way, including Shield Therapeutics (STX), Cineworld (CINE), Petropavlovsk (POG), Verditek (VDTK) and more.
671 days ago
He might come home with a raft of certificates for “Welsh speaker of the week”, or other such academic achievements, but Joshua is no great sportsman. Yet this afternoon, it is the school sports day, and the whole family is off to watch him. Discussing what lies ahead with him as we walked to school this morning, filled me with pride. In the main podcast, I look at Forward Partners (FWD) – another disastrous 2021 IPO; Petropavlovsk (POG), as it races to zero; Genflow Biosciences (GENF); MGC Pharmaceuticals (MXC) – placing ahoy; and Verditek (VDTK), where things could get very messy within days. Ref MXC, I discuss two historic examples of biotech’s presenting data – on AIDS “cures”, and its spoof ramp last week.
685 days ago
Given it is hammering down here in North Wales, I bet Mr Mellon is somewhere far sunnier than Port Erin. The graphic below is from him, and I discuss it in detail. Then, I look at those determined to ignore clear warnings, ref Petropavlovsk (POG). I cover incomplete and thus, potentially deceptive, RNS statements ref. Nostra Terra Oil & Gas (NTOG), before assessing Fulham Shore (FUL) in detail. With gift aid, we have now raised £19,700 for Rogue Bloggers for Woodlarks - please help us reach the £20,000 landmark today (D-3 days), HERE. Finally, my podcast on falling out with Dominic Frisby, 1939 and all that can be accessed, HERE.
688 days ago
On 18 February, at 25.5p to sell, the big bear call was greeted with abuse from BB savants, who, unsurprisingly, always know better. Shares in Shield (STX) are now 14.6p, and the final collapse to c. 5p is now set to begin. Double up on your shorts. In this podcast, I discuss Argo Blockchain (ARB); Nostra Terra Oil & Gas (NTOG) and its unsavoury CEO, Matt Lofgran – praise be the Lord; then, I look at Genflow Biosciences (GENF), as its shares continue to tank; Challenger Energy (CHAL); Eurasia Mining (EUA); and Petropavlovsk (POG), where the target remains 0p. Finally, I remind you that Rogue Bloggers for Woodlarks is just 4 days away, and we are at 34% of the target. If among the 92% of listeners yet to donate, do give a fiver (or a tenner), HERE.
709 days ago
In today’s podcast, I cover Eurasia Mining (EUA), Made.com (MADE), Vast Resources (VAST) and Petropavlovsk (POG). I have more shocking news on Kinovo (KINO), whose shares should be suspended, and discuss FinnCrap (FCAP). I promise never to mention the company again if its CEO, smug Sam Smith, donates £100,000 to rogue bloggers for Woodlarks. Of course, she won’t. So I must ask the 95% of Bearcast listeners yet to chip in: please make your donation, HERE We are now at 20% of target – go on, make it 21% by tomorrow!
712 days ago
In today’s podcast, I discuss the FTSE 100 sliding; bitcoin’s crash; Coinbase; Online Blockchain (OBC); Argo Blockchain (ARB) and 3 questions Peter Wall MUST answer; Cellular Goods (CBX), where Wall today stepped down as chair (odd timing); Verditek (VDTK); the shame of Innovate UK and ex-footballer and NFT spiv, Michael Owen; Petropavlovsk (POG); and Versarien (VRS), where a cash crisis looms. Now, to brace myself: the mother-in-law will arrive at her new home in just a few hours.
723 days ago
Cue a rant on teachers and other public sector workers! I then discuss ADVFN (AFN), Mkango Resources (MKA), Parsley Box (MEAL),McColls (MCLS), Sensyne (SENS), Petropavlovsk (POG) and Vast Resources (VAST).Then in detail I look at Nightcap (NGHT) and AO World (AO.)
733 days ago
In today’s Bearcast, I start with Guild ESports (GILD), and a collapsing party house of cards. I refer to the David Williams of Avanti infamy shocker - it is still a cracking short. Then I comment on Petropavlovsk (POG), where I am surprised no one has feigned offence at my earlier headline. There is a bit on NightCap (NGHT), but most of this podcast covers Kefi Gold and Copper (KEFI). Matthew and his dog will be delighted by that section.
738 days ago
For Petropavlovsk (POG) – as I warned you all on March 4th, here – things go from bad to worse. Its banker and sole purchaser of gold, GazpromBank, is sanctioned by the UK, so the AIM-listed miner cannot generate any revenues, or even pay interest on its debts. Today, the banksters have thus stated that the company is in default and called in the loans.
743 days ago
I discuss: Twitter and the bid from Elon Musk; Petropavlovsk (POG); Canadian Overseas Petroleum (COPL); FinnCap (FCAP); today’s trading statement; and problems with Greek workmen.
743 days ago
On March 4 of this year, I warned you – in the most explicit tones – that Petropavlovsk’s (POG) relationship with Russia’s Gazprombank meant it could be wiped out. The company pooh-poohed this idea via RNS; clearly, the bulletin board savants knew better. But here we are, and now, even the company has admitted it!
760 days ago
This is a very long podcast, covering: Optibiotix (OPTI); Skinbiotherapeutics (SBTX); Kefi (KEFI); Bluebird (BMV); Ten Lifestyle (TENG); CakeBox (CBOX); Deepverge (DVRG); Petropavlovsk (POG); Eurasia (EUA); and Amur Minerals (AMC).
765 days ago
Yesterday all of you said i should sack him. But the sad old geezer has texted me today.I relay what he wrote and ask, in today’s edition of the Moral Maze, if I should still sack him? The answer I think you will give, bears direct relation to both musicMagpie (MMAG) and Advanced Oncotherapy (AVO) which I discuss. I also cover Petropavlovsk (POG), Amala Foods (DISH), Zak Mir, Richard “Nobody Likes me and I do not care” Jennings and Lift Ventures whose IPO seems not to be quite as “imminent” as Zak told us it was two months ago.
765 days ago
On March 4 I asked if Petropavlovsk (POG) shares could be a zero citing its banking relationship with Gazprombank as one of two reasons why it might be. On March 9, the company pooh poohed the suggestion with an RNS which, with hindsight, in light of news today, was manifestly dishonest.
780 days ago
Petropavlovsk (POG) has today issued a statement “Events in Ukraine.” After this I would feel dirty owning its shares, it shows a company that is morally bankrupt.
781 days ago
Lucian Miers warns me that sentiment could change very quickly and so he’d be nervous of shorting Petropavlovsk (POG)at 1.52p with a £60 million market cap. But this company could be a zero for one of two reasons. Let’s start with the biggest shareholders:
785 days ago
Happy St David’s Day and happy pancake day. I start with the spread betters and Russian stocks notably Petropavlovsk (POG), Eurasia (EUA) and Polymetal (POLY). Then I look in detail at MGC Pharmaceiticals (MXC), how it legged over investors in November and is a massive short even now before turning to Vast Resources (VAST), Advanced Oncotherapy (AVO), Cellular Goods (CBX),Novacyt (NCYT) and Avacta (AVCT) my big sector short which has seen its shares collapse to 46p but could easily halve again within weeks.
826 days ago
A “private & confidential” KPMG report commissioned by the new managers of Petropavlosk (POG) has, as you can see below, been published in full by the company and claims that its founders Peter Hambro and Dr Pavel Maslovskiy and associates may have taken out $302.4 million to which they were not entitled. But Hambro says that he and Maslovskiy (currently incarcerated in a Russian jail) were not given, as promised and as the company says they were, a chance to comment on the report which,he says, is riddled with innaccuracies.
1552 days ago
Petropavlovsk (POG) has updated on the final quarter and full-year 2019 and that it is “confident the company can significantly increase production to between 620koz to 720koz in the coming year, including treatment of third-party concentrates”…
1648 days ago
Petropavlovsk (POG) has updated on increased gold sales (to 126.4koz) and average realised gold price (to $1,388/oz) in the third quarter, with CEO Dr Pavel Maslovskiy emphasising “the smooth ramp-up has continued at the POX Hub where we have now successfully commenced treating third party concentrates during the quarter”…
1681 days ago
Petropavlovsk (POG) has announced results for the first half of 2019 including that it “remains on track to meet its full-year target of c.450koz – 500koz of gold sales (including the processing of 2018 Malomir stockpiles but excluding upside from third-party concentrate purchases)”, with also “the confidence to decrease total cash cost guidance for the full year to US$750 – US$850/oz”…
1737 days ago
A “2019 Half Year Trading Update” followed by “Heavy Rainfall Event at the Malomir Mine” announcements from Petropavlovsk (POG)…
1769 days ago
Petropavlovsk (POG) has announced a “Convertible bond offering and repurchase” – with net proceeds to be used to advance construction of a new flotation facility at the company’s Pioneer gold mine…
1856 days ago
Petropavlovsk (POG) has announced “it has received the Rouble equivalent of approximately US$57 million as full repayment of the two bridge loans advanced by Petropavlovsk to IRC during 2018”…
1863 days ago
Following General Meeting approval last week, Petropavlovsk (POG) “is pleased to announce that the refinancing of the outstanding Industrial and Commercial Bank of China Ltd loan has been completed following an initial drawdown on a new US$240 million facility with JSC Gazprombank by the Kimkano-Sutarsky Mining and Beneficiation Plant LLC, a wholly owned subsidiary of IRC Limited”…
1919 days ago
Petropavlovsk (POG) has updated including “total gold production for 2018 was 422.3Koz… the group is targeting FY 2019 gold production of 450 - 500Koz”, with it “very proud to report the successful commissioning of our cornerstone project, the Pokrovskiy Pressure Oxidation plant”…
1953 days ago
Petropavlovsk (POG) has updated that the first stage of its plan to reduce its guarantee for 31.1% owned IRC Limited is completed and that “with the twin events of concluding the restructuring of the IRC Facility, and with the successful ongoing ramp up of Petropavlovsk's Pressure Oxidation Hub, the company is poised to generate returns for its stakeholders in 2019 and beyond”…
1968 days ago
Petropavlovsk (POG) has announced the initial processing of refractory concentrate at its pressure oxidation (‘POX’) hub – emphasising this “marks a significant moment in the company's history, as we begin to process our refractory ore via the newest and most technologically advanced POX processing facility in Russia, a month ahead of schedule”…
1974 days ago
An update from Petropavlovsk (POG) as it progresses POX Hub commissioning and IRC Limited progresses refinancing…
2035 days ago
Petropavlovsk (POG) has announced results for the first half of 2018, which it notes “show the effect of the disruptions to the operations caused by the management hiatus in H1” but the recently returned management emphasise that “we can already report significant progress”…
2042 days ago
The recently returned management at Petropavlovsk (POG) are “pleased to have made significant progress” with one of their “key objectives” - “to achieve a solution to remove the company's guarantee of IRC's borrowings”…
2118 days ago
Petropavlovsk (POG) is a stock we banked small gains on last year after finding ourselves on the losing side of a boardroom battle, though noting we still believed the fundamentals remained attractive. The share price is not greatly changed – but the former management is now back and so…
2180 days ago
Last year an EGM at Petropavlovsk (POG) saw the dodgy Russians win, Hambro et al out. Today an announcement of a Potential Shareholder Requisition…
2498 days ago
Rather as in the general election we found ourselves on the losing side at the Petropavlsovsk (POG) EGM. Peter Hambro and all bar two of the old board are out and nominees of the dodgy Russian shareholders are in. How should one view this?
2537 days ago
Petropavlovsk (POG) has updated on the attempted boardroom coup – including on its process to appoint an independent Non-Executive Chairman, a further independent Non-Executive director and opposition to the requisitioning shareholder nominees.
2598 days ago
Petropavlovsk (POG) has updated on its pressure oxidation hub development, with construction activities having fully resumed following bank debt refinancing.
2689 days ago
Petropavlovsk (POG) has announced results of its adverse weather-induced (are you reading Al Gore?) impact assessment at Andreevskaya East – with both negative and positive outcomes.
2703 days ago
An easing of debt risk for Petropavlovsk (POG) has moved a significant step closer – with it announced that the company has received approvals for the refinancing of its entire bank debt of $529.8 million from its lending banks, Sberbank and VTB.
2705 days ago
As a climate change "denier" I have written elsewhere about how global temperatures are plunging not, as the BBC might lead you to believe, heading higher. You can see a recent article on that matter HERE. And thus Petropavlovsk (POG) serves up news from Russia which does not surprise me, but which might shock your average Guardian reader.
2729 days ago
I am a gold bull and hope that after Donald Trump wins on Tuesday we will see another big leg up. Hence we retain big positions in gold plays such as Petropavlovsk (POG), Wishbone (WSBN) and smaller holdings in Kefi (KEFI). So what does the chart say? Over to Palisade Capital.
2732 days ago
Updating last month on Petropavlovsk (POG), we noted debt risk but reassurance that “key terms have been agreed in principle for the rebalancing of the group’s debt maturities with its production profile”. The company has now further updated – including that it“expects to be in a position to confirm details of the refinancing shortly”.
2764 days ago
Half-year results from Petropavlovsk (POG) emphasise a return to profitability, though also reiterate that for the full year “expectations to be at the lower end of our original guidance of c.460,000-500,000oz” and net debt of $598 million.
2764 days ago
I start this podcast with a look at Avanti Communications (AVN) where I hope you ignored the ramblings of snot gobbler's colleagues at the FT and stayed short. 0p is still looking likely and I discuss the problems IIs face today. I look at Arian Silver (AGQ), a dog with fleas which has served the fat useless bastards on the board and its crony capitalist advisers well as punters have been shafted year after year. I look at Northern Petroleum (NOP) where today's dismal results tell you that it is placing ahoy AGAIN, at Petropavlovsk (POG), Galantas (GAL), Boxhill (BOX) and at Capita (CPI),
2820 days ago
In this podcast I look at M&G and Petropavlovsk (POG), I look at Strat Aero (AERO) where I shall be upping the ante next week. And then I look at what cutting base rates means and why the economic policies of post 2008 Britain have not worked and will end in tears.
2837 days ago
Most gold shares have soared over the past few months. Petropavlovsk (POG) shares, which we own, have not. At C7p we are ahead of our tip but not by much. It is disappointing and we apologise. But we have not lost faith. There are reasons for the lacklustre showing which came through in a first half trading statement and in a long chat with CEO Pavel Maslovskiy and chairman Peter Hambro.
2885 days ago
Petropavlovsk (POG) has welcomed latest news from its Hong Kong-listed associate company, IRC, as “a significant step forward in bringing K&S into full commercial production during Q3 2016”.
2903 days ago
The afternoon at UK investor Show kicked off with the mining session chaired by Amanda van Dyke. Gold was the main focus and on stage with Amanda were Dominic Frisby, John McGloin of Amara (AMA), Peter Hambro of Petropavlovsk (POG), Tony Manini of Asiamet (ARS) and Ross Norman, the very sharp boss of bullion dealer Sharps Pixley
2909 days ago
We own shares in Petropavlovsk (POG) and wont be selling at anything like the current share price. Our target to sell is 19p. I hope this presentation from the head honcho Peter Hambro explains why we are able to be so bullish.
2912 days ago
There’s been news aplenty from Petropavlovsk (POG) in recent days and the bull case remains very much intact.
2918 days ago
is this is a bullcast? We have 15% of our portfolio in gold becuase we are bearish about shares. Does that make sense? I discuss why you should own some physical gold and then why we own the shares we do, notably Petropavlovsk (POG), Ariana (AAU) and Wishbone (WSBN) but also much smaller amounts of Eurasia (EUA), Bluebird (BMV) and Armadale Capital (ACP)
2922 days ago
Having last week noted the conditional granting of finance facility waivers including for obligations for Petropavlovsk (POG) to comply with certain financial covenants, the company has now highlighted a further update from its Hong Kong-listed associate, IRC.
2928 days ago
Petropavlovsk(POG) has highlighted an announcement from Hong Kong-listed associate company IRC that waivers in respect of IRC's project finance facility with ICBC have been conditionally granted – including for obligations for Petropavlovsk to comply with certain financial covenants.
2989 days ago
All broker research is meaningless gibberish and so with that caveat I bring you - flagging that we own the shares - because it is quite interesting a stance & target price upgrade from last week from Bank of America on Petropavlovsk (POG)
3013 days ago
Petropavlovsk (POG) has updated on its fourth quarter and full-year 2015 performance and what its strategy, “focused on the group deleveraging and on cash cost optimisation”, means for 2016.
3017 days ago
Petropavlovsk (POG) has notified UK Investors of a further announcement from IRC Ltd, the Hong Kong-listed industrial commodities company in which it is a significant shareholder.
3044 days ago
You have, by now, read my macro calls for 2016 which you may or may not have dismissed as complete mumbo jumbo but I hope they make sense. You will see that I expect the gold price to pick up during the next 12 months. Not to rocket but to improve and that makes Petropavlovsk (POG) at a 6.7p offer a very obvious first tip of the year.
3049 days ago
On the gold panel at Gold & Bears chaired by my friend the Van Goddess, Amanda van Dyke are Peter Hambro of Petropavlovsk (POG), John McGloin of Amara (AMA), Dominic Frisby and Angelos Demaskos. Enjoy.
3051 days ago
On today's regular bearcast naturally I do comment on a few Jabba The Hutt stocks - notably Afriag (TOAST) as they are tanking but the main David Lenigas leaves the AIM Casino bearcast is HERE. Elsewhere I look at 88 Energy (88E), New World Resources (NWR), Rightster (RSTR), CH Bailey (BLEY), Iofina (IOF), ECR Minerals (ECR), Gable (GAH), Concha (CHA), Conroy Gold (CGNR), Petropavlovsk (POG) and Alba Minerals (ALBA)
3059 days ago
I start with back news, not good but at least I have a handy tip for dodging passport control. Then it is onto the son of the late Brian Schneider of OEM infamy. He wants you and I to pay far more tax from our legitimate earnings though he has lived a privileged life - and still does - thanks to the proceeds of crime. He is a leading Jeremy Corbyn organiser. Right on Comrades. I look at Petropavlovsk (POG) and the idea of buying shares for the bid. I move onto a new biotech IPO, Levrett. I explain why its a bargepole but also how the coverage of this in the Mail on Sunday (Simon Watkins) shows again the corrupt nexus between certain financial journalists and the PR world with an aim to dupe you, the investor. Then it is onto Jabba The Hutt's Afriag (AFRI) where I follow on from today's bombshell HERE and the follow up HERE by explaining the real problem it - and AIM - now faces.
3059 days ago
We own shares in this one so I popped along to hear Peter Hambro of Petropavlovsk (POG) present in person. The Sunday Times reports that today some Russian has built a 20% stake and might bid. I hope not as I see these shares at 19p within three years - they are 6.4p today and a buy.
3108 days ago
Petropavlovsk (POG) has updated that it “successfully achieved its Q3 production levels” and “is confidently following its repayment schedule and expects to stay within its financial covenants at the year-end results” - good news!
3115 days ago
Investment Case: As noted last month with Berkeley Energy, it is not a surprise to see eye-watering share price declines over previous years for stocks with sector: “Mining”. Shares in *Petropavlovsk plc, formerly Peter Hambro Mining, (POG) have particularly suffered – they down from more than 400p at the commencement of 2011 and more than 100p at the commencement of 2013 to a current 6.47p offer price – amidst a combination of sector-wide and company-specific challenges, the latter including a vast debt pile. However, a recent refinancing and refocusing – with production now being optimised from a cash generation point of view – now offer the promise of a decent recovery from current levels and the shares are a buy…the target price to sell is 19p within three years.
3281 days ago
And now for something a little different from UK Investor Show, a video of a face to face interview by mining guru Amanda Van Dyke with Peter Hambro of Petropavlovsk (POG)
3290 days ago
I have bashed Peter Hambro of Petropavlovsk (POG) over the years but all credit to the man in that he appeared on the main stage at UK Investor to take questions and stand up to me. Respect! Enjoy.
3313 days ago
I have given Peter Hambro and Petropavlovsk (POG) some almighty stick over the years and been proved right. Now Peter reckons it is time to hit back so he and I will debate on the main stage at UK Investor show in a quick fire 10 minute Vinnik vs Santos head to head.
I am not afraid of being duffed up and admit to having been fairly beastly to Mr Hambro. Perhaps
3348 days ago
I feel like a drowned rat as it is tipping it down here in Greece and I have done some manual labour today. Back to business, in today's podcast I look at Quindell, Rightster (make sure you listen to the overnight special on that one HERE), Plethora, Aeorema, Kea, Petropavlovsk, Mosman Oil and Gas and do a special on Pires Investments.
3367 days ago
City grandee Sir Peter Hambro is quoted in today's Daily Mail, bleating about how prvate investors in Petropavlovsk (POG) hate him and might allow his POS company to go into administration. Good. I hope they do. I view Mr Hambro and his company with contempt. He is a rich man and shareholders have lost up to 98% of their cash. But Eton educated Hambro just does not get this becuase he thinks he is better than we peasants. I also look at the crony capitalist knees up starting at Indaba. Jeepers these folk all make me so angry for how they abuse ordinary private investors.
This podcast might offend some folks in the City who enjoy being crony capitalists and do not understand why their ongoing party paid for by private investors who have done their conkers is so nauseating for the rest of us. If you are offended by this podcast you can just piss off becuase I find your arrogance and sleazy ways incredibly offensive too but at least l can sleep soundly at night.
3429 days ago
I am in a good mood today. I shall be seeing the Mrs soon and almost as good I get three kills: Quindell, Maple Energy and Cupid. All three are covered as are the next raft of kills: Naibu, Pressfit, China Chaintek and Camkids. Also on the agenda are Enegi Oil and Petropavlovsk
