Petropavlovsk Share Discussion Threads

[grbaker] 30/11/2016 12:56

Excellent news.

Next we need to know about the Amur Zoloto deal...

GLA.

[juju44] 30/11/2016 12:35

just doing its regular daily slide as yanks get closer

[james190] 30/11/2016 12:27

is gold you think finding a bottom around this price

[wallywoo] 30/11/2016 09:17

In the medium term the weather might turn out to be a good thing. Gold price currently going through a low patch, so if production fell this year to say 430K ounces it would not be a bad thing if:

a) high grade ore early in 2017 when historically the GP has perked up

b) high grade ore also from underground mining (due to start early 17)

I understand investors being cynics here. A lot of people have lost a lot of money in the past. But with refinancing finished, and gold bull market (maybe) with further to run makes this an interesting bet IMO

Worth mentioning that many gold miners that are producing 500K + ounces have a lot more debt than POG (eg POLY $1.4B) So getting debt down now (although important) is not the most important thing IMO. Becoming much more profitable is, and with refinancing and high grade on the way that is increasingly likely

[tymedici] 30/11/2016 08:57

Yes we can draw some comfort from this report. Lets hope the weather improves.

[tsmith2] 30/11/2016 08:19

Excellent news..

[davidlloyd] 30/11/2016 07:36

Yes- good to see confirmation of support...at last (ish)
DL

[losses] 30/11/2016 07:27

Should get a decent kick up today with finance approval

[naithani] 30/11/2016 07:17

Am I correct, total debt now 528 million which was 598 million in half year report in Sept.

[gersemi] 30/11/2016 07:06

Just what the doctor ordered

[shaf200] 29/11/2016 08:50

You've Got your answer today! DOG being flogged and gagged

[tsmith2] 28/11/2016 10:26

Spread is ridiculous

[losses] 28/11/2016 07:35

This has always been a seasonal issue with pog.... bad weather

[deanroberthunt] 28/11/2016 07:32

more bad news, it just gets worserer and worserer

[galeforce1] 26/11/2016 12:56

The rising value of IRC on the HKSE has to be very significantly positive for POG.

Not only does POG own 35.8% of IRC, but it guarantees $276m of IRC debt. AS the value of IRC climbs the risk of POG being hurt by that guarantee diminishes. That materially de-risks POG.

IRC now has a market cap of HK$2.185bn, which is about £225m. SO POG's 35.8% is worth about £80m.

[seppsuess] 25/11/2016 21:18

IRC climbing each day. wonder when this retroacts on POG.
do we need more publicity/blogging?

[cliffo2] 25/11/2016 13:28

Most of the recent gold movement due to the imminent FED interest rate hike or fear of it. Similar to what we had with the Tapering scenario. Once it happens, gold may well move up afterwards and many of those cautious Poggers who've trimmed their holdings are likely to buy back in very sharply.
The last spike down in share price enabled an institutional short to close or reduce their position. They clearly didn't think gold was going a lot lower or they would have waited. Also VV took advantage of weakness to increase his position.

[wallywoo] 25/11/2016 13:09

James google the correlation between gold and copper prices over the last 30 years and you will see there is a strong link. Apart from the last 6 weeks that is

[james190] 25/11/2016 12:59

Gold silver are not infrastructure

[wallywoo] 25/11/2016 12:19

To me it is also bizarre that the iron ore price, copper price and many other metals has surged since Trump, but the gold price has slumped.

Looks very manipulated to me

[tsmith2] 25/11/2016 12:07

IRC weighs on us either way! Agree, just silly

[m_n_tomlinson] 25/11/2016 11:46

Some very bizarre inverse relationship going on with IRC here. IRC surging ahead, POG tanking like it's going out of business. A massive disconnect.