Petropavlovsk Share Discussion Threads

[noirua] 11/12/2016 22:41

Gold futures selling has been relentless with gold shares dumped. This selling must be close to exhausted so hold on my friends.

[stoopid] 11/12/2016 21:42

Well, I wonder why gold has not shot up with the collapse of the first of the itiallian banks.There was hardly a mention of it in the media???

[dubjon] 11/12/2016 13:01

I don't want to believe it my self, but I have to give the idea serious cosiideration if Armstrong predicts it. He has been right so mmany times against the consensus.

However, the funding news may trump the fall in gold, unless it is ultra severe....

[wallywoo] 11/12/2016 11:06

Dubjon I would be amazed if gold falls that much, next week should be interesting let's see if you still feel the same then

[dubjon] 10/12/2016 17:42

hxxps://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-headed-lower-under-1000-into-the-abyss/

Armstrong is more or less the only expert worth listening to as he correctly forecasted both brexit and trump.


He said years ago gold would fall below 1000 dollars an ounce and it now looks like he may be correct yet again. Shares like cey, pog and others will be as cheap as chips if that comes to pass.


Having said that, pog's chart has a pleasing look to it.

[tsmith2] 08/12/2016 12:21

No one wants to say it but think hyper inflation is coming..

[stoopid] 08/12/2016 10:28

We will see. With the progress made at POG since the rights it may be that POG become the target of M&A in the not so distant future if the share price remains so low.....

[deanroberthunt] 08/12/2016 08:54

slowly but surely it's getting there....I believe that this could appreciate considerably in share value in 2017, with a modest increase in Gold Price, say back over $1250

[popeye888] 07/12/2016 15:40

As is often the case on a good day the only stock in my portfolio that is down is this one (Pog).

[stoopid] 07/12/2016 09:27

POX will be the game changer, all the ore already mined from various pits just waiting to be processed. Once it's up and running (2018?) Loads more Oz. Maybe 20% - 40% more. The problem is still the cost per Oz with POX. It's still high....Agree regarding the debt wally, cash flow is king here atm. The debt is now manageable, being paid over a longer period with less restrictive covenants.Now POG just have to sort out the AZ deal, either that or fob them off. Just shows how overvalued the initial proposal was............ Will still be a while before any meaningful share price rise here. A reinstatement of the dividend would be a help though...

[wallywoo] 07/12/2016 08:53

People keep talking about paying off the debt, but I don't think that is the plan now. Debt is now secured long term, over the next few years. Cashflow will be used to increase production and into POX, POG will become very profitable and will resume divi's. Just look at POLY, they operate in Russia, have $1.5B of debt, around 1.5 to 2 times the production and worth nearly 14 times POG.

We will not know production forecast for 2017 until January, but I am expecting around 650K ounces. Once the number crunchers start looking at these figures POG will fly

[deanroberthunt] 06/12/2016 10:08

pay off the debt you can stick a nought on the end of the mcap, just for starters

[james190] 06/12/2016 08:59

i remember when pog was at£1300 cant belive it worth sod all now

[james190] 06/12/2016 08:58

deanroberthunt i been holding since gold was at 1250

[deanroberthunt] 06/12/2016 07:05

Last half yr report, extrapolating for fy..

~$160m EBITDA.....working off just 1.5x valuation.

Generated net cash of $60m from operations, so only 4x valuation

Refinancing sorted.

[stoopid] 05/12/2016 22:22

And, at present, it doesn't really matter here

[stoopid] 05/12/2016 22:22

Popeye, don't suppose you noticed most don't care

[stoopid] 05/12/2016 21:52

GRB well, that's a 33.3% dilution of the original deal, just shows how overvalued it was originally...

[james190] 05/12/2016 16:45

No idea popeye i been holding this from 1250 & its starting to hurt a bit now

[popeye888] 05/12/2016 16:17

Don't suppose anyone has noticed gold has dropped from around $1,350 to almost $1,150 in the last 2 months and is still dropping. Oh, I nearly forgot, this is good news is it not as its cheaper to buy more or should we wait for more good news and buy more for even cheaper price.

[grbaker] 05/12/2016 15:33

Hi Stoo, here's the quick gist on the previous dilution... it was 30.3% before:

"
The Relationship Agreement

The new Petropavlovsk shares will represent approximately 30.3% of Petropavlovsk's issued share capital immediately following closing of the transaction (assuming no issues or cancellations of Petropavlovsk shares after the date of this announcement).

It is expected that Petropavlovsk and the Contributors will at closing enter into a relationship agreement ("Relationship Agreement") to regulate the relationship between the Group and the Contributors so that the Group will be capable of carrying on business independently of the Contributors and for the benefit of the shareholders as a whole. The agreement will be prepared in compliance with the Listing Rules.
"

[deanroberthunt] 05/12/2016 15:27

the sum of the parts, refinancing and better merger terms.......
cashflow positive.

just need gold back over $1200 and 9p will be history

[stoopid] 05/12/2016 15:21

20% now, what was the original dilution?