Petropavlovsk Share Discussion Threads

[book5] 30/7/2018 07:57

trading statement looks bad
GLA

[midasx] 30/7/2018 07:52

Looks like Pavel wants to get his 10% share holding at a discount!

[galeforce1] 29/7/2018 16:05

Midas - if IRC was cashflow positive surely it would be accumulating some cash on the balance sheet, which it isn't.

However, I think it must be pretty close to cashflow-neutral at this point.

[midasx] 29/7/2018 15:13

Despite these issues, which are out of our control, K&S remains cash-positive and IRC is determined to rise to the challenge and strive forward.

The Russian side of the construction is getting to the final stage while the Chinese side of the bridge is almost completed. According to a government report, due to some technical issues, there are some delays in the construction and the bridge is now expected to be operational in 2019.

[galeforce1] 28/7/2018 11:51

book5 - thanks for posting the IRC Q2 trading statement.

My understanding from this trading statement is that IRC is still not cashflow positive.

It would be interesting to know at what point the management expects that to happen, assuming the price of Iron Ore remains roughly where it is now. It's not too distant, but in the meantime POG is going to have to continue its support.

There is an interesting line in the trading statement that suggests that discussions to re-schedule IRC's loans are at an advanced stage. Perhaps when that is done there will be an attempt at a sale.

[book5] 27/7/2018 05:03

Irc production statements



Construction of the bridge delayed till 2019

Share 0.15 HK $ (25% above the minimum of 0.12HK$) , suffering from excessive debt but IMHO recovering

[edjge2] 26/7/2018 14:58

Looks like gold is going to oblige shortly. Cu doing so already. Prospects should improve here.

[route1] 24/7/2018 03:52

BAD IDEA!!!Absolutely agree with Dr Pavel onthis 1000%.He used the word ridiculous, and fortunately for all concerned is standing firm NOT to even consider any approaches to sell or do ANY deals with the POX Hub.It's only natural that other Goldiesin the region have been and are right now eyeing this fabulous facility as it nears completion.Sure, once it is operational they can bring as many truckloads of refractory ore as they want, from which POG, and only POG will benefit!!!

[book5] 23/7/2018 08:30

Officehead
PH suggested Autoclave was delayed, so the share price weakness I think
IRC Limited share price creeping up, early days though

[officehead] 22/7/2018 08:20

While the shareprice drifts with no news. Found this piece which suggests that POX will be running but not commercially before next year. Which is what was intimated during the boardroom battle.
Hopefully at the end of the month there will be some clarity about the refinancing of the IRC loan. I picked up somewhere but can't reference it that the loan guarantee will be reduced to by half. Speculation of course!


hxxps://gold.1prime.ru/news/20180720/270749.html


Sale of autoclave will deprive Petropavlovsk of the future - Maslovsky
13:45 20 July 2018 Russian Companies
Petropavlovsk Plc.
MOSCOW, July 20 - RIA Novosti / Prime. Petropavlovsk Plc (GC "Petropavlovsk") would lose its future if the unfinished autoclaved complex of the company in the Amur region were sold, said Pavel Maslovsky, general director and co-founder of Petropavlovsk.

"I know that the former leadership had an idea to sell the autoclave, I was also approached when I was in the company's management a year and a half ago, and I was against it, and now I'm totally against it, because the autoclave production itself is not a profit center," - said Maslovski in an interview with GTRK Amur.

According to him, selling the autoclave now would be ridiculous, since the main costs have already been made, and it needs to be put into operation. "It would be an instant profit of several hundred million dollars, but this, with a high probability, would deprive the enterprise of the future," Maslovski stressed.

In August-September, Petropavlovsk finishes construction work on the autoclave complex, plans to start crimping, cold start on the water, and by the middle of the fourth quarter expects to begin trial processing of the concentrate.

"The effect is that we will not drop, but even increase the annual production of metal, which will also ensure a high level of metal production for many decades ahead, because the reserves of these specific ores are very large," Maslovsky said.

As for the current low gold prices, Maslovsky said that the company has enough funds to complete the construction. "But we live very economically, indeed, the price of gold does not help us so far, while it fluctuates at the level of $ 1,250." Of course, we would like more, but it allows us to work and receive free cash flow, which we completely send to complete the construction, " - the head of the company added. Petropavlovsk has already spent about $ 500 million on the autoclave complex.

At the end of June, Kommersant wrote that Polymetal Int is ready to buy out the autoclave (POX) from Petropavlovsk for $ 250 million. At the same time, Polymetal is ready to commit to complete the autoclave at its own expense and annually purchase from Petropavlovsk up to 300 thousand tons of concentrate from refractory ores for processing. Polymetal has already come out with this initiative on the company's board of directors and proposes to agree on the terms by the end of September.

Petropavlovsk Plc is among the top five Russian companies in terms of gold production. The main assets are concentrated in the Amur region, where four mining and hydrometallurgical plants - Pokrovsky Mine, Pioneer, Malomyr and Albyn - are operating, and this year the company plans to produce 420-460 thousand ounces (13.1-14 tonnes) , 3 tons) of gold, including the first production from an autoclave.

[bubloo] 13/7/2018 18:13

thx book 5

[book5] 13/7/2018 16:17

10 ton = 320k oz

[book5] 13/7/2018 16:15

Officehead thanks for the hyperlinks.

All

the one referring to POG says:


Blagoveshchensk. July, 12. INTERFAX - The Petropavlovsk gold-mining alliance will put in operation an autoclave-hydrometallurgical complex (AGK) of the Pokrovsky mine in the Amur region by the end of the year, an enterprise for processing stubborn gold-bearing rocks by autoclaving, the press service of the government of the Amur region said.

"There is a lot of hard rock on the territory of the Amur region, from which we can now extract the maximum of precious metal," said Vasily Orlov, the governor, who visited the plant on Thursday
The press service notes that the construction of the AGC is on schedule. The new enterprise will allow to extract from ore more than 85% of gold. With the launch of the complex, gold mining in the Amur region will increase by 10 tons per year.

[officehead] 13/7/2018 11:41

Website now states 30th July for H1 update.
Links to a couple of articles that may be of interest to POG Investors.
www.interfax-russia.ru/FarEast/news.asp?id=949382&sec=1679
www.rbc.ru/business/10/07/2018/5b44a9649a7947f162e92d51

[book5] 11/7/2018 12:49

Trading statement 17th July (next Tuesday)

[book5] 10/7/2018 09:30

Bubblo
www.ii.co.uk

[bubloo] 09/7/2018 21:40

I am interested in buying Irc

[bubloo] 09/7/2018 21:40

BOOK 5 Which stock broker do you buy IRC with please

[book5] 09/7/2018 15:02

Gale

I have been buying IRC

[galeforce1] 09/7/2018 14:36

Book - you could be right.

But I still think IRC is the first area where we might see some corporate announcement by the new board. It's tempting to take a small position in IRC, perhaps.

[book5] 09/7/2018 14:31

Gale
IRC
That rise doe not seen significant
Still it is at multiyear low
Most probably It has gone up following the Asian markets

[galeforce1] 09/7/2018 13:55

I see that IRC had a bit of a rise last night in HK.

An announcement of some kind imminent perhaps?

[book5] 09/7/2018 13:15

No good
delay OTX?