Peter Hambro: Own shares in Petropavlovsk? You need to act now

Troubled gold miner Petropavlovsk will cease to exist and shareholders' entire investment will be wiped out unless they vote for a £155m rights issue next Thursday, warns chairman Peter Hambro.

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Peter Hambro: "If they don't vote in favour it wipes out the company: it's as simple as that"

Around 12,000 small shareholders in troubled Russia-focused gold miner Petropavlovsk will see the company cease to exist and their entire investment wiped out unless they vote in favour of a £155m rights issue next Thursday, warns Peter Hambro, the company's chairman.

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Kam Patel

Kam is a former deputy editor at Hemscott Invest and online editor, City A.M and he was also previously the Digital Editor at IFA Magazine. Kam is currently a senior journalist at The Global Treasurer and contributes to MoneyWeek. Kam shares expertise on the FTSE 100, investing and global stocks.