Petropavlovsk Share Discussion Threads

[wallywoo] 24/10/2016 17:01

Glad Dean someone else thinks the same as me. The market seriously underestimates how hard and expensive it is to be in a position to produce 500k + ounces of gold. £ 250m is a tiny mkt cap valuation to pay for that. Pog just need to shake off the shackles of the past few years, hoping that the news coming in the next week or so will be the trigger

[deanroberthunt] 24/10/2016 16:08

Net current value is 24p min all day long...market won't be irrational forever

[laptop15] 24/10/2016 13:37

That would be fantastic Dean :)) I'm in here for the long hall so definitely be catching the big rise!!

[deanroberthunt] 24/10/2016 13:04

Time to breakout is very near...then we will see a HOC style rise

[davidlloyd] 24/10/2016 12:32

tsmith,
My guess, FWIW, will be for news Friday this week. They seem to like the 'auspicious' dates.....
DL

[qs99] 24/10/2016 10:23

well starting off on the right foot anyway IMO!

[tsmith2] 24/10/2016 09:04

News this week?

[edjge2] 20/10/2016 17:58

Been out of this for ages but 1500 gold should fire em up, debt might evaporate faster than some. Ruble/dollar probably down as flight to dollar happens in the goldrush.

[tymedici] 20/10/2016 15:48

Prices are all over the place! Someone still very keen to pick up shares. I have just been offered well over the Ask Price just a few minutes ago.

[uquilp] 20/10/2016 12:48

There is a note after the plant and equipment breakdown in the 2015 accounts that states $197.4m of expenditure is included for the POX hub.
Therefore it seems sensible to finish the project themselves, if they can raise the necessary finance, rather than give 51% for c$120m.

[grbaker] 20/10/2016 12:44

P.S. It's worth remembering that POG has yet to announce that they are not proceeding with the GMD Gold joint venture for completion of the POX hub. They may still announce that it's full speed ahead with that, even if their most recent news released perhaps suggest otherwise.

[grbaker] 20/10/2016 11:47

Another potential angle is that some of POG's assets are listed as being of 'strategic importance' to the Russian Government: perhaps there might be an issue there with losing 50% of the POX ownership?

Alternatively maybe POG's banks are prepared to cough up a bit more in the way overdraft/lending facilities so that the POX plant can be kept 100% owned by POG?

Who knows.

GLA.

[stoopid] 20/10/2016 10:59

Well, the AZ deal is all paper, no cash. They don't have the $150m required to finish POX, that was the completion figure they provided a while back although it might be significantly less but the cash flow wouldn't be sufficient to pay for the Completion of POX and I would be surprised if further debt facilities would be made available.....I did notice that in the terms of the AZ deal that the Russian Govt were going to offer POG a $100m "subsidy" to upgrade power lines to/for the new mines? Call me a cynic but who knows what that money could be used for.......

[wallywoo] 20/10/2016 09:24

I see what you mean officehead. It does not stand out until you look at the investor presentation from Sept and see that the slides discussing the JV are omitted this time. There is a discussion on using POX for 3rd party processing, so maybe they have decided to not effectively sell the 51% stake in POX, but just sell its capacity once completed. Makes sense if they can afford the upfront cost, since it is theirs to use or sell then.

[tsmith2] 20/10/2016 08:36

Better have a look at presentation!

[officehead] 19/10/2016 18:00

Looking at the latest presentation. The standout feature of this update to me is the POX references. Note - no mention of partnership funding, and toll treatment. Looks very deliberate to me! I guess the bank lending update will clarify this and the implications of go it alone with POX.

[laptop15] 19/10/2016 17:17

Cheers for sharing the info Wallywoo :)) seems like things are definitely hitting up here! Good news and this will break into double figures I reckon!

[chillwill] 19/10/2016 12:26

Does look to have broken the recent downtrend... whether or not that means it'll go up, or sideways is another thing...

[tsmith2] 19/10/2016 11:26

Pop coming up, me thinks

[wallywoo] 19/10/2016 11:13

New investor Presentation on the website:



I thought the update on underground mining was good with high grade ore due to start producing from Q1 2017. They are currently quite a low grade gold producing (average around 1 to 1.1 g/t). Historically they were mining much richer grades and getting an average over 2 g/t. If that could be achieved again both TCC and cashflow would increase considerably

[wallywoo] 18/10/2016 15:21

157 for 10 or 1:15.7 I think it was. Still wandering whether they might have a share consolidation at some point, since there are a lot of shares in issue

[saltaire111] 18/10/2016 14:23

I was thinking that 10p would be the equivalent of £1.00 in old POG before the dilution from last year is taken into account. I'd given up much hope of recovering anything here but I may have prematurely done so. Can anyone recall the total dilution - was it 1:10 or 1:100?

Thanks.

Salty

[qs99] 18/10/2016 11:16

any chartists with a view?

[wallywoo] 18/10/2016 11:09

Should get Q3 production figures at some point soon too. Trying to keep quiet on this board since share price tanks everytime I say we have broken upwards, "but this time Rodney!"