EXCLUSIVE INTERVIEW: Peter Hambro on Petropavlovsk’s future after crucial refinancing

Mar 16, 2015, 01:10 PM

Peter Hambro, the founder and chairman of Petropavlovsk (LON:POG), is quizzed by Proactive Investors on the road ahead now the Russian gold miner has secured its future following the recent refinancing. Hambro discusses activist shareholder Sapinda’s attempts to hijack the rescue plan and highlights the return of chief executive Pavel Maslovskiy as crucial to the fortunes of the company. He also warns investors against investing in gold companies purely for a rise in the share price. ‘They [investors] should be there for the long-term in order to get the cash flow,’ Hambro says. #POG