Petropavlovsk Share Discussion Threads

[sparky333] 26/9/2017 15:07

Going to be highest volume for a year.

[sparky333] 26/9/2017 14:51

Volume picking up

[wallywoo] 26/9/2017 14:14

monty: why no dividend? - because they have around $570M of net debt, and an ambitious expansion plans this year. So any cash generated is getting spent on that.

You need to look at POG as a very cheap capital gain investment not a income stock (at least for the next 12 - 18 months, divis will come then IMO)

[montyhedge] 26/9/2017 14:06

Why no dividend? Highland Gold over 7%

[leodi5] 26/9/2017 13:41

s n p looks to have topped out to me, one last runup on the dow to record highs shy
of 23000 and its toast, well, until they put afterburners on QE and set fire to inflation which should be good for gold in the near future, naturally after they try to smash it down one last time..£4 for a loaf, happy days are here again!
held 6.9 and don't think we'll see that price again, so up we go again, break 9p this time, settle down a bit and soon finally off to the races. you've had to have the patience of a saint with this one after its near death experience.
then again, wthdik.

[sparky333] 26/9/2017 10:42

Reality setting in ?We are due a massive correction in the world markets that a created a bubble based on printing money with no actual basis for all time highs.Inflation is muted interest rates at all time lows. Wages in real terms have actually gone down in the U.K.Crypto currency bubble will not be pretty when it pops.All in all we are on a knife edge and it is all going to get very ugly very quickly. Safe havens are few and far between in huge corrections, luckily gold is one.Keep a very close eye on GS and Co suddenly changing tactics or you will get caught short and miss the gold rally of a life time.

[christopher logsdon] 22/9/2017 13:27

FM THATS A LOT OF RED I SEE

[wallywoo] 21/9/2017 10:57

Christopher, maybe, however many consolidations are done by companies that constantly issue paper(rights and institutions) and are not generating cash. Hopefully in 18 months, gold will be much higher, debt much lower, production much high, cash will be flowing in and that will not be the case. Time will tell

[christopher logsdon] 21/9/2017 09:25

I beg to differ every consolidation I've seen the share price always goes down !!!

[goldguru2017] 19/9/2017 13:34

Kestrel Gold (TSX Venture Exchange symbol KGC.V)

Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada.


- Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt.
- Easily accessible, excellent infrastructure, safe jurisdiction.
- Sampling just finished, funded drilling programme about to commence
- >100g/T Gold sample from Clear Creek – excellent potential
- Peak values of 12,400 ppb Au from soil sampling on Val Jual
- Relative low market cap – CDN$4.2 million
- CEO with proven track record of growing public companies share price by multiples
- Leading Canadian gold geologist, Jean Paulter, running drilling campaign
- Nearby to discovered goldmines (Coffee, Golden Saddle)
- Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies
- Drilling news flow expected before year-end

Please do your own research on the Company before investing. Thank you for your time.

[wallywoo] 18/9/2017 09:17

I think there will be a share consolidation at some point, maybe roughly when these bonds are converted (who knows though they could have enough cash by then to pay off the bonds). It does not need to happen with a dividend. Though I think we are at least 18 months away from either. Plenty of time to trade these back up to 9p+!

In theory a consolidation does not effect your holdings. In practice many small holders get left with a tiny holding and can become impractical to sell etc.

[stoopid] 18/9/2017 08:52

There will be no consolidation just because of any dividend policy they may or may not reintroduce, the price per share will just be adjusted accordingly

[olimttsfi] 18/9/2017 08:29

Thank you waliwoo for your response. What do you think is shares will be consolidated 10:1 or 15:1 before dividend? ( because billions of shares there)

[wallywoo] 17/9/2017 10:10

Hedge is kept at 500k ounces for 3 years ahead for debt reasons. So in a higher gold price environment the hedge price will increase over time. It is 1252 now if you check last rns. If the gold price stays higher the hedge price will be higher next time too. So hedge covers one third of production and gradually rises. Once production is higher with underground and pox this will also increase cash and reduce debt.

[wallywoo] 17/9/2017 10:00

Oli, it is a myth that a convertible bond will hold back a share price. If a bond holder wants out they sell the bond not convert, before maturity. They get more for the bond if the share price is higher, that's it.

[elsa7878] 17/9/2017 09:45

Hedges at $1250 for 500k ounces. Assuming forecasts for 2nd half debt, will only go down by $10 million. Not much of a dent in $570 million.

[olimttsfi] 17/9/2017 09:15

If there is no debt with same indicators share price could've been 22-26 pence. The problem is lots of debt and less production.

[olimttsfi] 16/9/2017 14:50

Hi everyone, what you guys think about convertible bond for £100 mil( matures march 2020) . If share price goes over 150% (which is 13 pence) company have to pay cash for bond. Is it holding back the share price?

[wallywoo] 13/9/2017 11:21

I guess there were a few, "warning words" in the results that could put the jitters up investors (ie they mention that debt covenants could be in trouble if the gold price was to fall significantly, a few times).

However, if like me you own this (or thinking of buying) because you think in the medium term gold is going much higher. If that happens and POG continues their solid production growth (which IMO is very likely), this is a huge winner.

[stoopid] 12/9/2017 17:22

Wow, great results, good exploration and good progress with the Capex projects...Down 2% great stuff....

[davidlloyd] 12/9/2017 10:01

I think this is being manipulated!! Grrr. (feel better now i've said it)

The offer price does not marry with what is being paid - is this just an advfn reporting issue or something else? Also, 'buys' outweigh 'sales' by a factor of 3, and we go down????? (Yes i know they are 'trades' and so each needs a buyer and seller, but in simple demand terms........)

DL

[sparky333] 12/9/2017 09:39

Just can't push forward even with good results.Weird !!!!

[davidlloyd] 12/9/2017 08:14

"This strategy, together with the continued excellent work of our experienced operational team, has contributed to a 91% increase in operating profit for H1 compared with the same period in 2016 - US$65 million from US$34 million."

And the market remains impassive???
Pheeeesh....
DL