For much of the year, the mining community has been entranced by a boardroom battle at London-listed Russian gold mining company Petropavlovsk, a clash that has involved the ousting of the founders, court disputes, a complaint to the Takeover Panel of the London Stock Exchange, the departure of auditors and the sight of a temporary CEO breaking into his own offices in Moscow.
It has now emerged that one of the key points of contention is a question about the treatment of convertible bondholders, a matter that may have impacted the question of control of the company and its assets.
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