|Peter Hambro Mining
||EPS - Basic
||Market Cap (m)
Petropavlovsk Share Discussion Threads
Showing 46851 to 46874 of 46875 messages
|Juju, yes your right, my apologies.I just thought you were trying to put a negative spin on what seems like a bank enforced (and sensible) decision as part of the refinancing and development of POX and underground mining.|
|Loads of v v good news to look forward to. 2017 I think will turn out to be a very good year for investors. End of year target 13-15p for me imo|
|nail these and we'll be flyingGold production for 2017 is forecast between 420,000-460,000oz per annum, predominantly from open pit operations as underground production is scheduled to commence at Pioneer and Malomir in Q2 and H2, respectively, and ramp up gradually.-- Total cash cost (TCC/oz) guidance of US$600-700/oz and all in sustaining cash costs (AISC/oz) of US$800-900/oz-- Commence and ramp up underground production at Pioneer's high grade NE Bakhmut, with ongoing development. Further enhance understanding of high grade underground zones with reserve and resource infill and exploration underground drill programme.-- Commence and ramp up underground production at Malomir's high grade Quartzitovoye, with ongoing development.-- Complete construction of Malomir flotation plant (Stage 1) in preparation for refractory concentrate production and stockpiling at the POX Hub throughout 2018, ahead of commissioning in Q4 2018.-- Capital expenditure for 2017 is expected to be c.US$100m-US$110m including c.US$15-20mln exploration capex and US$85-90mln development and maintenance capex. Development capex is predominantly comprised of POX Hub and Malomir flotation plant expenditures.|
|yes Stoopid, net debt still stubbornly high. But drill down further in the balance sheet and it is looking a lot healthier:
1) Working Capital is very high in this snapshot (and that is all a bal sheet is). Because the high grade ore (delayed due to weather) was not processed in time and more capital tied up in underground and POX.
2) Great improvement in net assets
3) Good improvement in net profit (nearly as good as HGM)
4) I for one, am quite happy that the debt situation has had a large decrease last year, it is just that it has not been converted into cash yet.
HGM are still valued at 80% more than POG. POG have 60% more revenue, a lot more assets producing gold and a lot more potential to generate more cash in the near term. Looking forward to the Q1 results tomorrow.
HGM need to find $300M to invest in their gold projects. POG need to invest $150M over the next 18 months to get POX running. This is by far the better value investment IMO. Just no divi - but HGM are a rights issue waiting to happen.|
|But are we all not here to voice opinions so that we can learn from each other ?|
|Ah yes Wally, net debt stands at $598.6m you were only $98.6m out, a trivial sum to be sure........Therefore actual debt is still over $600m or including IRC's $250m debt arrangement although I will admit that is now looking safe.Still approx $850m in debt liabilities. I genuinely hope hope u r right in the long run though and it's actually a positive update that says all the right things.|
|Who cares what you think juju, the hedge is in place to guarantee that POG don't go under if the price of gold falls whilst POX and underground mining come online. It means that no matter what the price of gold is the projects will be completed and there will be enough cash to do so.It was probably a condition of the bank when the refinancing was arranged.Eminently sensible if u ask me.|
|Sold this morning and bought more HGM which pays a 7% divi|
|Looks like a poor piece of hedging to me|
|Looking forward to the conference call tomorrow..|
|Look good to me|
|Maybe, if he could pick up the rest of the company for that price...|
|I can't imagine Victor endorsing TDW's analysis :-)|
|Just logged on to look, popeye. Complete rubbish. They give an intermediate term bullish signal on April 14th, and long term bearish signal on the 21st!! One of those automatic signal generator things. Not even worth looking at, Changes its mind every week.
Bit like the www.britishbulls.com website. Only worth looking at if you are day trading IMO|
|wallywoo, it's part of a new service TDW provide to account holders, so any of you who have an account with TDW can access this.
Below is a copy of what they are showing, but I personally have recently increased my holding. Use this info as you wish.
24 Apr 2017 Short-term KST Short-Term Bearish
4 Apr 2017 Triple Moving Average Crossover (4-day 9-day 18-day) Short-Term Bearish
21 Apr 2017 Williams %R Short-Term Bearish
21 Apr 2017 Fast StochasticW Short-Term Bearish
21 Apr 2017 Price Crosses Moving Average (21-day) Short-Term Bearish
19 Apr 2017 Top Triangle Long-Term Bearish Target Price Range 3.9 - 4.6p
19 Apr 2017 MACD Short-Term Bearish
18 Apr 2017 Momentum Short-Term Bearish
14 Apr 2017 Intermediate-term KST Intermediate-Term Bullish
14 Apr 2017 Triple Moving Average Crossover (4-week 9-week 18-week)W Intermediate-Term Bullish
14 Apr 2017 Inside Bar (Bearish)W Intermediate-Term Bearish
11 Apr 2017 Commodity Channel Index Short-Term Bearish
This is not advise, so make your own decisions.|
|Agree wallywoo. Considering how many shares have been accumulated and are being tightly held, I would have thought it wouldn't be possible for this to fall as low as 3.9p, but wtfdik? ;)|
|I think so, m-n, care to provide a link for your chart analysis, popeye. It would certainly be a bit of chart analysis that I would like to read. At the moment we have the share price rising 30-40% on very high volume and consolidating for the last 2 weeks on very low volume. Would love to see the analysis that says that is a bear pattern with the share price about to fall 50%+!!!|
|Thanks for that cheery post popeye!
Can somebody confirm if it's results / smack down day tomorrow?|
|I see TDW chart analysis indicates POG share price going down to between 3.9 - 4.6p.|
Yes, I think they would definitely sell for somewhere north of 20p. It's been a long hard slog for both of them. There must've been some very anxious days when the company almost went broke a couple of years back. There must be a lot of anxiety currently due to the appalling state of UK-Russian relations and the oaf Boris Johnson constantly provoking the Russians. If they can get out of the IRC debt guarantee, if they can get the POX plant working, if the gold price rises, then I think they'll want to be out of here and onto the happy pastures of an affluent retirement.
What they will be desperate to avoid is a low-ball offer from Renova for the 75% of the company it doesn't own.
The problem for PH and PM is that they own just 10.5% between them, so their ability to block an unwelcome bid is limited.|
|Do you really think Peter & Pavel would sell their shares for 20 odd pence.|
|Peter Hambro is 72. Pavel Maslovskiy is 60. So neither of them is young and they must be thinking about how and when to exit Petropavlovsk. I think that's one of the things that makes POG an interesting investment.
The game plan is probably to hang on until 2019, when the POX plant is working, the IRC guarantee debt guarantee is terminated, the price of gold is maybe at $1500, and then to sell out for well north of 20p per share.
It all looks like a sensible and practical plan. But there are some unpredictables. The price of gold for one. Also the intentions of Renova, with nearly 25% of the equity. My understanding is that the POG BoD has no real idea of what Renova's intentions/plans are.|
|Cheers for that Scotty.Hambro himself saying that he is looking forward to a return for equity holders ... 2019ish......May have a while to wait here yet. I believe that the results will be yet another damp squib and need to be seen as another small step to were POG want to be in 2019. First underground Oz this year, first POX 2018.|