Petropavlovsk Share Discussion Threads

[popeye888] 08/2/2017 11:49

wallywoo - 12 Apr 2016 - 08:15:30 - 44546 of 45986 Petropavlovsk Gold Miner - inc. Charts - POG
hgm up over 10% in the last 2 days (they have half the production of POG and valued higher). I know there has been a tricky time here but momentum is building and once this level is breached it will fly IMO.


This was your post on here almost a year ago.

And then today you say "I have no interest in encouraging others to buy or sell that is their choice."

Meanwhile Highland Gold Mining up 150% in last 12 months.

POG up only about 4% in last 12 Months.

Your view is not a balanced view and is proven to be hugely wrong if you read your own post from a year ago.

[wallywoo] 08/2/2017 10:48

I know pops, it is a tricky game, and I have no interest in encouraging others to buy or sell that is their choice. Just have an interest in stating my reasons and seeing if anyone comes up with a valid (to me) argument that they are wrong. They of course can be wrong, share investing involves speculating on the future value of companies.

In this instance the share price is not showing a downntrend, like it did 2-4 years ago. The share price kept dropping, sending out big warnings that no one should ignore. That is not the case today. It is subtle game! If this fell below 6.5 in todays gold price environment, I would sell, and worry about why later.

[popeye888] 08/2/2017 10:41

wallywoo, you may be surprised to know that I agree with most of your comments but what I object to is your blatant attempt to encourage others to buy these shares before the market starts to show confidence by a substantial rise in the share price. I personally have lost a small fortune by holding these share which I know I will never recover as I could not afford to take the risk of taking up my entitlement in the rights issue. I do not at this time advocate anyone selling their shares although I wish I had sold mine a number of years ago. You won't understand this wallywoo but I believe people like you are responsible for lots of small investors losing lots of hard earned money. I've been reading comments like yours on this thread for years and of course, without exception, for anyone buying on the strength of the tone of these posts will have lost money.

[stoopid] 08/2/2017 08:56

Also with gold up nearly $120 per oz in 3 months, approx 10% rise, then you may have mistakenly thought POG share price may have risen with that rise as every other miner has done....

[stoopid] 08/2/2017 08:51

Wally, I agree with all those points to a greater if lesser extent. It's just that fear still abounds and POG were only just managing to hold off bankruptcy just under 2 years ago after their debt pile nearly overwhelmed them.If you were to compare the share price 5 odd years ago to now then the current price would be the equivalent of about 40p a share.If you think about what has really changed, nothing, except POX has been delayed to 2018/2019, reserves have increased, underground mining has started and there has been a debt readjustment with a large rights issue were the shareholders paid $235m of the debt off for them. Mining is a slow business this will take a while yet to realise a good uplift in share price.

[wallywoo] 08/2/2017 08:04

Yeh sure, I just think some posters should read a book or two on the phycology of investing and why people sell at the bottom and buy at the top. Because Popeye has just demonstrated an exact emotional response that does that, (there are no facts, that says sell),

1) We have not had a debt figure since June 16 and POG are generating a high ebitda

2) Debt is falling and is secure until 2021

3) High grade ore is coming after a year of low

4) IRC is no longer a worry, and should start making a return for POG

5) Lots of tips that POG will do well (no sell tips I can find, apart from Popeye!)

6) Lots of bullish gold price comments


Yes POG has been very static over the last few months, when others are booming. There are good reasons for that. There are also good reasons why, my money was invested here in Nov 16 at an average price of 6.81, I need it to return 5%+ to feel that it has been a better investment than leaving it in cash. I am not worried

[stoopid] 07/2/2017 23:00

Wally, I agree POG looks cheap but we require a balanced argument, not your constant spouting how great they are. There are positives and negatives here and far from being glass half empty I'm just posting the facts that are out there. I still appreciate you posting the positives BTW ;-)And by the way, they may have renegotiated their debt arrangements it doesn't mean the debt issue has gone away. It's just been deferred....

[popeye888] 07/2/2017 22:22

Don't like being exposed then.

[wallywoo] 07/2/2017 18:20

Well sell then and stop posting rubbish on here!

[popeye888] 07/2/2017 17:43

A lot of us are sick of waiting for tomorrow to come.

Tomorrow does not always come!

[wallywoo] 07/2/2017 17:38

Hgm looks expensive now, pog looks cheap. Simple as that. Investing all about the next year not the last!

[popeye888] 07/2/2017 16:54

This will be be revalued soon, only a matter of time now.

I don't like to think how many years this type of statement has been made. POG I assume pay people to submit this type of post.

Meanwhile Highland Gold Mining up 4% today and 150% in last 12 months.

POG down 2.5% today and up only about 4% in last year.

HGM up 4% today.
POG up 4% in a year.

But "This will be be revalued soon, only a matter of time now".

Don't we love the Wally's of this world!

[wallywoo] 07/2/2017 13:43

lol stoopid you are definitely a glass half empty kind of guy:

1) Net debt (which includes bonds / debt cash etc) was $598M at June 16. They should of had ebitda of $100M+ ish for H2. With low cap ex and highish gold price, debt should be a fair bit lower now.

2) AZ not happening period (ie gone away officially)


3) With debt refinancing completed and POG back in profit, things going along well now, it will not be long IMO. POG's gold assets currently valued at $120M mcap (220-100 for IRC's worth). That is a fifth (20%) of HGM's mkt cap, who are producing 150K less ounces, and have $200M of debt with a huge amount of investment needed to grow their new sites.

This will be be revalued soon, only a matter of time now

[stoopid] 07/2/2017 13:18

POG still have approx $600m debt hanging over their heads. They have a $100m convertible bond still outstanding, and remember, that's why POG are here, it was the $380m bond last time that nearly screwed them.The AZ issue hasn't "officially" gone away yet, still hanging around like a bad smell, mined oz are low compared to previous years, underground mining although on paper looks good POG have not shown any oz from it yet. POX needs funding hence more debt. The list goes on.It could take quite a while yet before POG see the dizzy highs of 10p - 15p a share. That will require more oz mined, reinstatement of a dividend, better profitability, underground mining and POX. All are at least a year away....

[darkinbad] 07/2/2017 10:45

There was extensive pilot plant testing of the POX plant a few years back to reduce the challenges faced by the POLY POX plant, which should help to ensure that what they build and commission will deliver to the design capacity.

[wallywoo] 07/2/2017 08:23

I just think this is seen as being seen as run for the benefit of the banks / Russian gov, not by shareholders currently.

There is also a small risk with successful underground project (since they have not done before), and successful POX project (many co's have had a lot of teething problems with POX, POLY's POX project got delayed by 2 years - it is tricky to get right).

However, if you believe that gold will do very well in the short and medium term (as I do), it is just a waiting game before shareholders get rewards again IMO. They should of had good cashflow in H2 16, with good gold price and production 20% higher than H1 (and low capex), and lots of high grade ore this year, so feel confident this is just a waiting game.

[seppsuess] 07/2/2017 05:42

POG is a DOG
having underdog genes
what makes Screaming Lord Sutch an underdog and
Nigel Farage not...
what about the track record of the Hambros and of
Vekselberg. Anything known about the Vekselburgers.?
Or out of nowhere?

[deanroberthunt] 06/2/2017 17:40

Gold $1231

POG 7p

[grbaker] 03/2/2017 15:38

It's highly unusual to state the purpose of a share sale in an RNS like that, isn't it?

Perhaps the rest of the management team are worried about speculation as to the reason for the Chief Operating Officer to sell shares (which is usually seen as a sign of trouble/issues lurking ahead).

GLA.

[richgit] 03/2/2017 15:15

wallywoo.

On the face of it I would argue that that the debt isn`t that much beyond what it could cost in terms of Capex for any would be producer of such a magnitude.

I daresay if POG was a producer that just started producing with such potentials,
with that debt as the Cost of Capex ,the Market would view it completely differently,but then we are still in a very bad sentiment Market for Gold,
albeit some have woken up.

Sentiment will change with a ferocity the day JP Morgan stands aside from acting as head vampire in the "in your face " Paper gold Manipulations,but that day will be
a mere hindsight of the event.

When that day comes,as has been suggested by many,it will be a hindsight of
the other Big 3 and the smaller 5 crowding paper shorts on the multi month money making spin and rinse on Expiry date,that will have them all burning possibly -bar Dracula.

London is losing control of Physical Gold and that is for certain,which means
one day Rodders Dracula lets them all burn !!!


POG will be a veritable money printing machine,unless there is something I don`t know- which is why I will buy more at a convincing 10p as a sign there is nothing
of concern.


PS>Dracula now has some 600,000,000 ounces of Silver to its own account stolen
under the radar of blatant Market manipulation along with its gofer Scotiabank.

Hence why I currently hold far more vaulted Silver

IMHO

[wallywoo] 03/2/2017 09:33

what do you reckon Rich, on this Sherbank $100M loan and why it has taken so long to confirm? IMO they are holding back because they don't need it, net debt was $570M in June 16, so with the $430M confirmed refinance and $86M bonds and 9 months cash inflow I reckon they may not need it.

[richgit] 03/2/2017 09:14

wallywoo

I am sure it is insignificant,I was amusing Myself with wondering what His future
Financial planning is.

I have POG in my portfolio,so for myself,I consider it cheap at 10p and just maybe
when it gets to a convincing 10p that will suggest there appear to be no possible skeletons left in the Cupboard.

That`s my current theory-so I will be glad to add at a believable 10p and onwards.

[wallywoo] 03/2/2017 09:06

This director in not on the board. He bgt his rights (just before the refinance) then took them up (so would of paid 5.57p per share 2 yrs ago. He is a low ranked employee who made 20% on his investment, and now stuck the money in a house. I don't feel it is significant:

2 March 2015
Director's Dealings
Petropavlovsk PLC (the "Company") announces that it was notified on Friday 27 February 2015 by Dmitry Chekashkin, Chief Operating Officer and a Director of Petropavlovsk PLC, of the information set out below.
Mr Chekashkin purchased 4,450,000 Petropavlovsk PLC nil paid rights at a price of 0.5757 pence per nil paid right.

18 March 2015
Petropavlovsk PLC
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility ("PDMR") or Connected Persons
Petropavlovsk PLC (the "Company" and, together with its subsidiaries, the "Group") announces that the following directors and/or their connected persons have notified the Company that they have taken up, to the extent set out below, their entitlement to acquire New Ordinary Shares under the Rights Issue approved by Shareholders on 26 February 2015. Under the Rights Issue, Qualifying Shareholders had the right to acquire 157 New Ordinary Shares for every 10 Existing Ordinary Shares held at the close of business on 24 February 2015 at a price of 5p per Ordinary Share.
In each case the issue date of New Ordinary Shares subscribed pursuant to the Rights Issue was 16 March 2015 and the subscription price was 5p per share.
The Company has also today been notified of the interests summarised in Note (1) below, which were allotted on 18 March 2015.

Director Number of Number of shares Holding % of
shares subscribed subscribed following total
pursuant pursuant to this announcement current
to the Rights the Underwriting voting
Issue / Founders' rights(2)
Arrangements
----------------------------------- ------------------- ------------------ ------------------- -----------
Mr Peter Hambro and Associates(1) 13,676,462 131,830,466 152,280,861 4.645%
----------------------------------- ------------------- ------------------ ------------------- -----------
Dr Pavel Maslovskiy and
Associates(1) 76,208,154 131,830,466 215,553,105 6.575%
----------------------------------- ------------------- ------------------ ------------------- -----------
Mr Martin Smith 292,491 0 311,121 0.009%
----------------------------------- ------------------- ------------------ ------------------- -----------
Mr Andrey Maruta 11,789 0 33,925 0.001%
----------------------------------- ------------------- ------------------ ------------------- -----------
Dr Alya Samokhvalova 292,491 0 311,121 0.009%
----------------------------------- ------------------- ------------------ ------------------- -----------
Mr Dmitry Chekashkin 4,742,475 0 4,761,104 0.145%

[richgit] 03/2/2017 08:43

It must be one hell of a House.

Personally I have been inclined to consider selling property,buying vaulted Gold & Silver (which I have been doing for quite a while albeit mainly Silver)and then reconsider buying property back in the possible property market bubble pop down the line when Gold & Silver are considerably above Todays price.

This Guy stepped down as a Director ,yet I assume compared to most PI`s He earns
a fair wedge,so dumping so smuch stock to buy a House seems a little odd.


Considering that on the face of it POG looks considerably undervalued along with the stock price- what property is worth such a sacrifice ?.

Very odd -yet I daresay He sees some logic-unless he thinks He is going to be retired