Petropavlovsk Share Discussion Threads

[bambo1] 21/3/2018 15:39

I'd be surprised if Putin was not getting his cut from POG.

[wakeland] 21/3/2018 13:17

So how long before IRC seen as an asset rather than a drag on the balance sheet?

[midasx] 21/3/2018 07:32

Where is the announcement referring shareholders to the IRC announcement?

I do not get it! Is it not relevant news for POG shareholders ?

[book5] 20/3/2018 09:46

Today IRC is valued USA $204 million at the HK stock exchange
Is IRC a multibagger? Thanks
Today For the First time I have bought some IRC

[midasx] 20/3/2018 08:35

POG need to copy through the RNS yet, then maybe a reaction?

Time to add a few?

[midasx] 20/3/2018 08:29

Surprised not more of a positive carry through to POG, we do own 31.1% of IRC!

IRC Limited (1029.HK)

HKSE - HKSE Delayed Price. Currency in HKD
0.228+0.051 (+28.814%)
At close: 3:59PM HKT

[midasx] 20/3/2018 07:57

IRC Limited (1029.HK)

HKSE - HKSE Delayed Price. Currency in HKD
0.223+0.046 (+25.989%)
As of 3:40PM HKT. Market open.

[book5] 20/3/2018 07:53

IRC is looking good!

[midasx] 20/3/2018 07:41

POSITIVE PROFIT ALERT


Tuesday, 20 March 2018: This announcement is made by IRC Limited (“IRC” or the “Company”, together with its subsidiaries, the “Group”; Stock Code 1029) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the inside information provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).
The board of directors of the Company (the “Board”) wishes to inform the shareholders of the Company (the “Shareholders”) and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group and other information currently available to the Board, the Group is expected to record a substantial profit for the year ended 31 December 2017 as compared to a loss for the year ended 31 December 2016. Such estimated turnaround from loss to profit is attributable to:
(1) with the successful ramping up and operation of the K&S mine, the Group’s revenue increased to approximately US$110 million in 2017, representing more than fivefolds increase of revenue over 2016;
(2) K&S became a profitable mine in production and generated an EBITDA of approximately US$30 million in 2017; and
(3) an estimated partial reversal of previous impairment losses on property, plant and equipment in relation to the K&S mine amounting to approximately US$130 million. The partial reversal of impairment loss is mainly due to the successful operation of the mine and the increase of market iron ore price which leads to the recoverable amount of the asset value of the K&S mine exceeding its carrying amount as at 31 December 2017.

IRC share price up 24%

$0.220
Previous Close
HK$0.177
Change:
+0.04 +24.29%
Volume:
369.68M

[book5] 19/3/2018 13:34

This morning purchase orders have been coming above the bid offer prices

Next week we should have news, hopefully they include positive HOX Hub project update.

FY 2017 Results & 2018 Guidance
28th March
Annual Report 2017
29th March

[ih_649847] 17/3/2018 20:49

playing into the hands of Putin, he probably has some good chess players around him.



Russian money will look where to invest inside home. Good for the financing of mining projects.

POG share: last few days volume has been better than usual , and share price ended higher for the week. Who has been buying?

[stoopid] 13/3/2018 09:58

Yes, now they have said that the Nerve agent poisoning is Russian what sanctions on Russian business/based business...

[cumnor] 13/3/2018 08:53

And Russia risk-higher of late.

[stoopid] 13/3/2018 08:43

This isn't just about the forward P/E. Its also about the ability to repay debt, or with POG the inability to do so and stagnant production levels. After the rights and $100m bond issue all POG have done is kick the debt can down the road, there has been no further debt repayment and debt has remained stubbornly over $600m.

The fact that they are either unwilling to or cant repay this bond is worrying and is likely to result in a conversion in approx. 18 months time meaning a further 15% - 20% ish dilution for shareholders.

The FCF would appear to be insufficient to even pay down this part of the debt never mind the main bulk and that is why they have taken out the new bond.

IRC still has problems/debt and with the debt guarantee POG have had their ownership severely diluted and will probably sell it and not realise a fraction of what they should for it. Although they have had new management for quite a while now, this is after years of mismanagement by Hambros Son.

The full year report and forward guidance for POX and underground which should come out at the annual results this month should prove interesting.....

There is a reason why POG share price isn't flying.

[peterg40] 07/3/2018 15:45

Thank you.