Petropavlovsk Share Discussion Threads

[tymedici] 31/10/2016 14:10

And Putin determined to recover all the former Soviet satellite territories in eastern Europe, we have a win double for gold. Just a pity none of us will be around after the conflagration to enjoy the 'benefits'.

[xcap] 31/10/2016 12:49

doesn't matter who wins US election now - if Trump wins I see gold going to $1400-$1450

Clinton win will send gold higher with the threat of a FBI probe possibly leading to indictment and impeachment proceedings? a possible double Bill!!!

[xcap] 31/10/2016 12:46

45447 - all valid points

mostly down to spot Au now imo. every $10 rise equates to $4.5m in top line revenue. and over a certain level will go straight to bottom line NP.

[stoopid] 31/10/2016 12:31

Wally, I think you are mistaking myself being a realist for cynicism.There is much that can still go wrong here and there is still the Russian factor.Don't let your optimism get in the way of the facts of what is going on at POG though.......Also, please believe that I want this at 20p as much as you. I just happen to think that it won't happen as quickly as you seem to think it will.Too many issues atm. Once resolved, things will be different. The two immediate/main ones are still the $600m debt pile and the $250m POG are still on the hook for IRC. I don't care that they have resolved the repayment schedule, they still owe it.

[wallywoo] 31/10/2016 12:08

Underground project has been updated in the investor presentations on their website. All going well with first high grade ore expected Q1. So expect a higher 2017 production figure in Jan 2107, when they make the forecast.

All looking good for a rerate here. Though there are bound to be cynics!

[xcap] 31/10/2016 11:57

stoo

i am discounting POX

debt talks are pretty much bagged and the restructuring puts operations on a solid financial footing.

POX deal if/when closed is still 12 months down the line but immediate diver will be to sort out the rainfall/flooding issues going forward and some provision of same eventuality in a revised mine plan

once gold gets through $1300 and then over $1400 in the next 2/3 months (my view) debt reduction will accelerate significantly

20p should be easily achievable

all the above of course easier said then done! but the market is responding and share price is slowly but surely moving

[grbaker] 31/10/2016 11:54

Saintly patience still required here for sure...

GLA.

[juju44] 31/10/2016 11:50

Yep , hold that yawn

[stoopid] 31/10/2016 11:47

20p by Christmas....... Muhahahaha....xcap - still about $600m in debt with no sign of a meaningful repayment this year ad yet, no decision/clarity on POX, no update on underground mining, no update/clarity on AZ merger, no update/clarity on Renova talks. Flooding at the mines earlier this year reducing full year output, cash flow questions, IRC covenants and loan garantee issues......20p by Christmas...... Muhahahaha.... I think not......

[deanroberthunt] 31/10/2016 11:08

and up we go again. Yawn.....

[juju44] 31/10/2016 08:58

And back down we go again. Yawn .....

[xcap] 31/10/2016 08:57

POG has to be one of the last remaining mid tier producers due a major re-rate. most have double and trebled since Jan. Debt restructuring was holding this back but that now seems to be close to finalisation bar the shouting.
We closed a major price point in spot Au on friday , closing above $1275. Gold now needs to close above $1305.
This could be looking at 20p by xmas on current spot price , anything above $1300 and 20p should be in sight sooner.

[johnny1982] 31/10/2016 08:52

Any views on ability to repay in December vs October?

[tsmith2] 31/10/2016 08:44

Shorters will need/want to close with refinancing boxes off..

[qs99] 31/10/2016 08:17

well a nice open....

[tymedici] 31/10/2016 08:16

That would be lovely.

[deanroberthunt] 31/10/2016 08:07

time to clear 9p for escape velocity

[tsmith2] 31/10/2016 07:46

Sounds good to me

[dazah] 31/10/2016 07:43

XCap. Agreed.

[xcap] 31/10/2016 07:13

RnsShort and very positive

[tsmith2] 28/10/2016 21:57

Would imagine so

[stoopid] 28/10/2016 21:49

So we can expect the big announcement on Monday then eh?

[wallywoo] 28/10/2016 12:39

No idea was just quoting from the accounts and specifying why they need to announce something before 31/10 (or at least announce that the banks have given them a waiver).
They have stated how well they get on with the banks now and that everything is fine.

The share price shows nothing amiss, I was just stating that until we get an RNS this is still an issue.

[chillwill] 28/10/2016 12:08

The Group's projections demonstrate that although the Group expects to have sufficient working capital liquidity over the next 12 months, these projections indicate that, unless mitigating actions can be taken, there will be insufficient liquidity to meet its debt repayment schedule on 31 October 2016."

^Wallywoo. What they're saying is they predict they're ok medium term, but cash flow might be insufficient in the short-term. Depends on what mitigating actions they take, or have taken. If they're generating cash at these levels of gold, then I doubt they'll have the rug pulled from underneath them. Unless the loans they've guaranteed for IRC need serving, which would be a killer.