Petropavlovsk Share Discussion Threads

[m_n_tomlinson] 25/11/2016 11:30

I suppose to suffice any Christmas rally, this has to be utterly demolished first.

I can see this heading a lot lot lower..

[wallywoo] 25/11/2016 08:35

60% fall?? In what the SP, gold price? Because I don't see that. Sorry I don't understand

[juju44] 24/11/2016 16:02

Do you call a 60% fall a correction ?

[wallywoo] 24/11/2016 09:47

there is a big difference between a bull market having a correction, and a full on bear market. If you look at the majority of miners, the mkt does not believe we are now in a bear mkt. This is just a correction. Time will tell

[juju44] 24/11/2016 09:44

I am talking about last 4 months after the bull turned into a bear

[wallywoo] 24/11/2016 09:32

KAZ, FXPO, HOC, OMI, ANTO, HGM etc etc. I wish I had been stupid enough to hold all those over the last 12 months

[juju44] 24/11/2016 08:34

Anyone holding miners has hardly been clever

[wallywoo] 24/11/2016 08:08

lol, you keep believing that Dean. Ride that bull wave, the rest of us live in the real world and just not that stupid.

[deanroberthunt] 24/11/2016 07:37

with the Trump rally in full swing and interest rates set to rise, there's no need to be holding or buying Gold.....

[deanroberthunt] 24/11/2016 07:36

gold is heading back to $1050....Head n Shoulder on the Gold Chart and trending down....

[grbaker] 23/11/2016 15:44

Here's a few other news releases on it:

[grbaker] 23/11/2016 15:34

Gold drop... right on the US (New York) open...

Zerohedge has a brief item on it here:



( See this one also:

)

Looks like the usual dumping of paper (assuming ZeroHedge is accurate).

Plus, it was indeed Options Expiry for Gold yesterday:

Contract Month / Product Code / First Trade / Last Trade / Settlement

Dec 2016 / OGZ16 / 30 Dec 2010 / 22 Nov 2016 / 22 Nov 2016


It's most likely down to this Morning's USD spike upwards...

Anyway, if it doesn't recover I would not personally be at all surprised to see Gold at or below $1,150. Gold has been weak for some time, and has been flirting with $1,200 for several days, so it's no surprise it's dropped hard today.

GLA, NIAI and please DYOR.

[m_n_tomlinson] 23/11/2016 14:08

Stoopid23 Nov '16 - 14:04 - 45665 of 45665 0 0
Need to resolve the AZ issue.

If this is an issue why did the share price rise to 9p?

And what forces despite all positivity over at IRC brought this trashing back down to 7p? It can't be anything to do with Trump surely?

[stoopid] 23/11/2016 14:05

Retake = rerate Stupid phone

[stoopid] 23/11/2016 14:04

Need to resolve the AZ issue. Once that's done, and with news of the underground mining and POX, POG could retake despite the debt issues hanging over them. BTW Wally, I know it's over simplifying but you reckon that minus IRC POG is only valued at £170m. When you subtract the debt that means it's worth about minus £300m ;-)

[m_n_tomlinson] 23/11/2016 14:03

Is this fall due to contract expiry that I think grb mentioned was coming up?

POG holding for now. Guess we'll have to see if this drop in gold is just a temporary blip.

[losses] 23/11/2016 13:54

Gold broken down 1200...not good

[togglebrush] 23/11/2016 09:13

IRC proud to report that K&S has produced its first 100,000th tonne of Iron Ore Concentrate

[wallywoo] 23/11/2016 09:00

IRC Group is now worth 80% more than it was 1 month ago (32c from 18c a share). POG own 35.83% of IRC, now valued at around $92M. So the gold assets of POG currently valued around £170M, crazy!

[dubjon] 22/11/2016 15:32

Yes, it does look precarious.if gold
fails to hold 1200 things could get messy!

[m_n_tomlinson] 22/11/2016 15:14

dubjon22 Nov '16 - 10:53 - 45658 of 45658 0 0
Gold has held 1200 for now and is rising again. So is Pog

Only just. Hanging by a thread. Can't say I'm very confident.

I'm expecting the worst over Thanksgiving. If the Chinese had any sense they'd get their own back on the Yanks for crashing Gold during their Holiday. However I'm conditioned to expect the worst with this share, and expect Gold and POG to tank big time!

[dubjon] 22/11/2016 10:53

Gold has held 1200 for now and is rising again. So is Pog

[m_n_tomlinson] 21/11/2016 16:13

juju 44 ;)

Linton. I don't expect the MMs are joking. Bend over and get ready for a good reaming!