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Petropavlovsk's record of production 'should insulate it' from negative sentiment from court battle

Mining Capital's Alastair Ford discusses the impasse at Petropavlovsk (LON:POG) as the company's temporary director appointments are currently being challenged in court.

Peter Hambro, one of the original founders of the company, is arguing that his and Alya Samokvalova's appointments are temporary, and may be rescinded once a review of what may or may not have been irregular voting patterns at the company’s recent AGM has been completed.

However, Everest Alliance, which holds a 7.5% interest in Petropavlovsk, has argued that the temporary appointments are themselves invalid, and it has taken the matter to law.

Quick facts: Petropavlovsk PLC

Price: 31.35 GBX

LSE:POG
Market: LSE
Market Cap: £1.22 billion
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