http://www.kitco.com/charts/livegold.html

cheers GF.

Oh calamity.

It's just dilution, mitzy! Nothing to worry about.......yet.

HI,
Do you know when the deadline is for taking up the rights?

No idea yet. My broker has said do nothing until the rights become available. They will advise when.

Thank you.
One of my worst investments.
At least FTO is going to give some money!

Comment in today's Independent

I thought the last two paragraphs of the 'Independent' write-up were quite depressing.

About the Rights Offer:

If you accept the Rights Offer, the New shares are expected to be credited to
your account as soon as practicable after 8.00am on 16th March 2015, with
trading of the New shares on the LSE also commencing on that date.

Your broker will tell you when your money should be in or by when your decision
has to be made.

Options:

157 Nil Paid Rights for every 10 Petropavlovsk PLC Ordinary shares
held on the Ex-entitlement Date of 27th February 2015.

Each Nil Paid Right entitles the holder to subscribe for
1 New Petropavlovsk Ordinary share at a price of 5 pence.

Holders of Nil Paid Rights have the following options:

Option 1 - Take up their Rights.

Option 2 - Partial take up of their Rights.

Option 3 - Sell their Rights.

Option 4 - Cashless take up of their Rights.

There is no Excess Facility under the Offer.

RIGHTS ISSUE
Petropavlovsk Plc has announced a Rights Issue. Holders have been allotted 157 Rights for every 10 shares held as at 27 February 2015 and every 1 Right may be exchanged for 1 New Share at GBP0.05 per share.
If you would like to accept the offer please notify your broker in writing by secure message or letter no later than 5pm on 9 March 2015."

Deutsche Bank AG now increased their holding to 7.21%

What will happen if take up is low?
Can it fall below 5p?

I can't remember if it's underwritten or not, but if take-up is poor I believe the surplus is sold in the market for what they can get, so yes it can and probably will drop below 5p.
2517

Sapinda sold nearly all their holding, now just 0.41% held. They must have lost a packet as well.
2517

I have to admit that I got out of these some time ago...much higher skipping the fund raising....but keeping an eye on these.....

Results of Rights Issue
Petropavlovsk PLC (the "Company" and, together with its subsidiaries, the "Group") announces that, under the terms of the Rights Issue announced on 2 February 2015, as at the latest time and date for receipt of valid acceptances, it has received valid acceptances in respect of 1,097,024,365 New Ordinary Shares, representing approximately 35.35 per cent. of the total number of New Ordinary Shares offered to Qualifying Shareholders pursuant to the Rights Issue.

It is expected that these New Ordinary Shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 a.m. today, 16 March 2015. Share certificates in respect of New Ordinary Shares in certificated form will be despatched to relevant Shareholders by no later than 30 March 2015.

It is expected that these New Ordinary Shares will commence trading, fully paid, on the London Stock Exchange plc's main market for listed securities at 8.00 a.m. today, 16 March 2015.

In accordance with their obligations under the Underwriting Agreement in respect of the Rights Issue as set out in the combined prospectus and circular dated 2 February 2015 issued by the Company (the "Prospectus"), Merrill Lynch International will endeavour to procure subscribers for the remaining 2,005,898,145 New Ordinary Shares not validly taken up under the Rights Issue, failing which, the sub-underwriters and certain other Existing Bondholders have agreed to acquire, on a several basis, any remaining underwritten New Ordinary Shares.

In respect of New Ordinary Shares not validly taken up under the Rights Issue, any premium over the aggregate of the issue price of 5 pence per New Ordinary Share and the expenses of procuring subscribers (including any applicable brokerage and commissions and amounts in respect of value added tax which are not recoverable) will be paid (without interest) to Shareholders whose rights have lapsed in accordance with the Rights Issue, pro rata their lapsed provisional entitlements. However, individual amounts of less than £5.00 will not be paid to such persons but will be aggregated and retained for the benefit of the Company. Any cheques and credits to CREST accounts in respect of any such amounts are expected to be despatched or credited to the relevant Shareholders on or around 30 March 2015.

A further announcement as to the number of New Ordinary Shares for which subscribers have been procured pursuant to the rump placing will be made in due course.

Results of Rump Placing and Total Voting Rights
Petropavlovsk PLC (the "Company" and, together with its subsidiaries, the "Group") announces that, following the announcement made earlier today regarding valid acceptances under the Rights Issue announced by the Company on 2 February 2015, the Company confirms that, in accordance with the Underwriting Agreement, Merrill Lynch International has endeavoured to procure subscribers for those New Ordinary Shares for which valid acceptances were not received pursuant to the Rights Issue. No subscribers have been procured for such shares. Accordingly, all the remaining New Ordinary Shares will be issued in accordance with the sub-underwriting and equivalent arrangements as described in the combined prospectus and circular dated 2 February 2015 issued by the Company (the "Prospectus").

tells you what investors think of this!

does it mean that ML will be the holder of over 2bln shares at 5p a share?

Don't think so ahoj:
"Accordingly it is the Founders Entities and those Existing Bondholders who have provided commitments who are exposed to the risk of having to acquire the New Ordinary Shares that are not taken up in the Rights Issue or subsequently subscribed for by subscriber(s) procured by the Underwriter in the rump placing. "

bet they'll want to unload as soon as possible too!
where's the upside here?

Need to watch the price of gold : this one reacts a lot with it.....