Gold Price Today submits:
We last wrote about Petropavlovsk (PPLKY.PK) back in December 09. Back then we noted the unusual selling of shares from Peter Hambro and Pavel Maslovsky, the two directors. Last week one of our readers drew our attention to the fact that we’ve not spoken about them for a while. Fear not, they have been on our radar and as of last week fresh news caught our interest.
Firstly, Chief Executive Pavel Maslovsky told Reuters last week that the company is considering a Hong Kong IPO and long term bank loans for its iron ore projects. And secondly, the Chief Financial Officer has sold just under half his shares in the company (53, 846 shares at just over £10 per share).