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Why did Nordgold really pull its London IPO?

If you chew the cud in the City these days, it’s not long before someone brings up the issue of why Nordgold, one of Russia’s largest gold producers, jettisoned its much-trumpeted London IPO last week.

Why did Nordgold really pull its London IPO? Why did Nordgold really pull its London IPO? Why did Nordgold really pull its London IPO? Why did Nordgold really pull its London IPO? Why did Nordgold really pull its London IPO?

Was it really all about gold price volatility in the light of the Fed's more hawkish stance on interest rates, or was something else involved?