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

cheers GF.

forget gold..just buy zinc...maestro knows

I though Lithium was the new wonder commodity?

zinc is not a prime commodity
copper is the true indicator of world economic health

StockMarketWire.com
Petropavlovsk has appointed Roman Deniskin as chief executive officer and director of Petropavlovsk PLC, effective from 16 April 2018.

Current interim CEO, Sergey Ermolenko, will step down from the board and return to his previous role as general director of Management Company Petropavlovsk.

Deniskin has extensive experience at strategic and senior operating levels within mining and industrial companies. He spent time working at global management consulting firms McKinsey & Company and Boston Consulting Group, focused primarily on metals and mining.

In his most recent role, he served as deputy chairman of Eurasian Resources Group, a diversified mining and smelting group based in Kazakhstan. Prior to this, Deniskin held senior positions at Rostec, MMK and Severstal Resources.

StockMarketWire.com
Petropavlovsk said it had increased the reserves estimate across its portfolio of assets by around 8%.

The company now had reserves of around 0.67m ounces of gold, while resources of 1.17m ounces were up around 6%.

Petropavlovsk said its estimated exploration budget for 2018 was $16m.

StockMarketWire.com
Gold miner Petropavlovsk said it was still struggling to determine the ultimate identity of the shareholders of an investor that was trying to roll its board.

The company has received a requisition letter from shareholders CABS Platform and Slevin calling on the removal of the current board members and their replacement with several former directors of the company.

CABS Platform, which owns 4.55% of the company, provided Petropavlovsk with a letter naming five individuals that were invested in Patia Trading, which the letter sad "as far as CABS is aware" held shares is CABS for the ultimate unrelated trust beneficiaries.

The letter, Petropavlovsk said, stated that Nikolai Lioustiger and Viktoriya Grynova have been appointed by CABS under limited powers of attorney to represent it in negotiations and correspondence, but without the power to make decisions on its behalf without prior approval.

The board is unclear who would give 'approval' if these individuals are indeed, as claimed, the beneficiaries, Petropavlovsk said.

'Unfortunately, this disclosure seems to be yet another veil of secrecy, and we expect there are further layers to be peeled back before the true identity of the controlling person(s) is revealed,' the company said.

'The board continues to be mystified by the extraordinary lengths at which the requisitioners are going to conceal the true source of control behind these offshore shell vehicles that invested only three months ago.'

'This secrecy should raise several concerns for shareholders ahead of the annual general meeting on 29 June 2018.'

'The board is looking further into the identities of these individuals and their backgrounds, and we will update shareholders if we are able to achieve more clarity.'

StockMarketWire.com
Mining group Petropavlovsk said it had received a letter of support from one of its largest shareholders, amid moves by two others to roll its board.

Sothic Capital Management UK, which owns 10.9% of the company, said it was strongly against replacing the current board as requested by CABS and Slevin.

'Sothic considers the so-called activist attempt by CABS and Slevin as being contrary to good corporate governance and one which could jeopardise the significant value potential of Petropavlovsk,' the letter stated.

if anyone read yesterday's ST, they would have quickly noted peter hambro's involvement with some very shady characters surrounding and the (failed) negotiation to buy a bunch of russian gold assets on the cheap

you have been warned

Response to letter from CABS Platform Limited ("CABS") and Slevin Ltd ("Slevin")
The Company has received letters from CABS, dated 13 June 2018, and from Slevin, dated 11 June 2018, in response to the letters sent by the Company dated 8 June 2018 requesting that CABS and Slevin rectify deficiencies in their responses dated 20 May 2018 and 1 June 2018, respectively and reveal to the Company any agreements or arrangements that exist in relation to the exercise of the voting rights of the Company.

CABS is a 4.55% shareholder in Petropavlovsk PLC which together with Slevin, a 4.55% shareholder have requisitioned resolutions at the Company's AGM. The proposed resolutions are to remove the entire Board, which is compliant with the UK Corporate Governance Code, and elect three former directors which the Board considers are not independent.

The letters reveal that the natural persons, shell companies and trusts behind CABS and Slevin are located or registered in Liechtenstein, British Virgin Islands (Tortola), Cyprus, Latvia, Russia, West Indies (Nevis and Anguilla) and Gibraltar.

http://www.moneyam.com/action/news/showArticle?id=6014102

StockMarketWire.com
Russia-focused miner Petropavlovsk posted a rise in fourth-quarter gold production, helping it to meet the bottom end of its annual guidance range.

Output for the three months through December rose to 118,00 ounces, up from 103,200 ounces on year.

Total gold production for 2018 was 422,300 ounces, in line with company guidance of 420,000-to-450,000 ounces, but below the 439,600 produced in 2017.

Petropavlovsk forecast a rise in 2019 gold production around around 450,000-to-500,000, subject to further POX plant development success.

Capex was estimated at $45m-to-$50m.