Petropavlovsk Share Discussion Threads

[route1] 23/1/2019 09:03

More than 12m shares traded in the first hour,looking good!!!

[undervaluedassets] 23/1/2019 08:31

Agreed. some real positives here ... particularly regarding outlook.

This quarter's production compared to the equivalent quarter for 2017 shows a jump of 14%.

finally some "jam today" after years of "jam tomorrow".

[juju44] 23/1/2019 08:27

Bit of decent news at last . The next year could be profitable

[greenelf] 23/1/2019 07:19

Good update, 2018 production came in at 422.3Koz, within previous guidance of 420 - 450Koz.2019 Production guidance up for the year ahead... now 450 - 500Koz,  plus they may be able to process third party ore from Jube onwards.Heading in right direction.

[route1] 23/1/2019 04:01

We have not seen volume like that for a very long time.It appears to me that the Company is beginning to stabilise.As IRC is still part of the "Family "I have just taken a small punt; nowhere near PH,s 15330000,recent Buy,but as they say;"you have to be in it to Win it".

[davidlloyd] 22/1/2019 11:27

Thanks Gersemi, appreciate the info.

There would seem to be tick up in the volume / interest here of late, which I am reading as very positive (as always, OIMHO of course).
Looking for POG to emerge from the doldrums and hoping for exciting times in the near future.....

we can always dream :-)
GLA
DL

[gersemi] 22/1/2019 10:56

david -

current sell orders are now

553k
131k both at touch ie 7p

so those massive sell orders have been taken (matched off to a buyer)

once the large sell orders above are gone then there's little resistance other than the usual sizes below 100k...there's a 483k sell order at 10.06p

edit - and the massive resistance at 7p should surely break assuming of course no one else packs the offer side with more sizeable sell orders limiting any potential price rise

[greenelf] 22/1/2019 10:50

Looking good chunky buys today Gold up as economic jitters reappear. Update tomorrow.

[davidlloyd] 22/1/2019 08:11

Gersemi,
Can you still see the 5.3m still sitting there? Guessing this is the ceiling to this at the mo....
DL

[midasx] 22/1/2019 07:49

The IRC share price has undoubtedly been shorted on the debt issues which will be fully resolved by March. Hopefully the share price should be much higher by May!

[route1] 22/1/2019 04:46

Wether Mr Rakishev acquires it ornot,in my view IRC has some really valuable assets,ongoing infrastructure projects,the Bridge etc,well established customers,andlast but not least a Strategic Location.So at the current price of 0.068 HKD,I will take a punt shortly.

[galeforce1] 21/1/2019 18:26

Greenelf - thanks for that info.

Just looked at IRC. Unfortunately its market cap is only HK$ 500m, which is only £50m

So 31% of that isn't going to do much when it comes to paying down POG's own debt.

Perhaps POG would be better to keep it for a bit longer.

[greenelf] 21/1/2019 15:38

Wednesdayfor trading statement..

[galeforce1] 21/1/2019 09:05

We must be due a trading statement here any day. Last one was in the second half of July.

Things should look better. Stronger gold price. IRC debt problem greatly de-risked. POX hub working (we think).

It would be good to see production for Q4 a little stronger (maybe 105k oz) and AISC falling. We also want to hear that the second POX autoclave is working and that everything is on track with the next two.

There is still the problem that POG's own debt is too high. The solution to that has got to be selling the stake in IRC. So it's big news if Rakishev might be interested in buying.

[gersemi] 18/1/2019 08:09

There's a 5.3m sell order sat at 7p..for some reason

[route1] 18/1/2019 04:31

Just to note, I have always understood that it is Kenges Not Kenes.Nevertheless, good news going forward...maybe the right time to follow PH, and invest in IRC..cheap asChips at the moment???

[lawrence thirteen] 17/1/2019 20:34

Thans for the link

[officehead] 17/1/2019 19:04

www.metalinfo.ru/ru/news/106540


Kenes Rakishev, currently the largest shareholder in Petropavlovsk, is ready, as a private investor, to buy out 10-15% of IRC shares from a gold miner if Petropavlovsk will sell the stake.

As K.Rakishev told Bloomberg agency, Petropavlovsk now has more opportunities to sell its stake in IRC. There is a Chinese investor interested in IRC's titanium and vanadium assets and considering the possibility of a joint venture.

Petropavlovsk owns 31.1% of IRC, the only iron ore producer in the Russian Far East. Now IRC conducts production only at Kimkano-Sutarsky GOK. Since the spring of 2016, the Kuranakh titanium-magnetite deposit has been in maintenance mode. Vanadium joint venture in China, in which IRC owns 46%, in 2017 it was also transferred to the maintenance mode.

In general, K. Rakishev considers, now is the right time for transactions. Petropavlovsk itself is in talks with other gold miners in the region about possible mergers. Who exactly, K.Rakishev did not specify. Last year, in an interview with Interfax, he said that, in his opinion, the presence of the listing makes Petropavlovsk interesting in terms of M & A for non-public gold miners, such as GV Gold and YuGK (Yuzhuralzoloto Group of Companies). In 2016, even before the arrival of K. Rakishev in Petropavlovsk, deals with Amur Zolot by Musa Bazhaev and Zolotom Kamchatka by Viktor Vekselberg were discussed.

In his conversation with Bloomberg, K.Rakishev also mentioned negotiations on a joint venture with Chinese investors and Gazprombank (MOEX: GZPR), which could translate into deals in the coming months. What is being discussed, K.Rakishev did not explain. So far, it is only known that Gazprombank is going to provide IRC $ 240 million for refinancing, and is also a buyer of Petropavlovsk gold (last year they concluded an agreement for 96 thousand ounces).

Petropavlovsk conducts industrial mining of gold deposits in the Amur region (Pokrovsky mine, Pioneer, Malomyr and Albyn), is among the top 5 Russian gold miners. The largest shareholder of Petropavlovsk with a share of 22.4% is K. Rakishev. Petropavlovsk shares are traded on the London Stock Exchange.

[jp2011] 08/1/2019 14:43

Best volume for 6 months. Odd that large trades haven't attracted a premium.

[davidlloyd] 08/1/2019 14:30

Good volume today, and on the 'buy' side

DL

[officehead] 07/1/2019 09:32

Yes the IRC share price movement upwards bodes well. The Chairman's £100k+ purchase of shares must of helped. Still bouncing off a very low base so in reality of minor importance, however in terms of changing investors confidence and perception of POG this is significant, as it portends to change in fortunes for POG in 2019, especially when combined with the POX hub, and a real contribution from Pioneer U/G. History tells me this is all too straightforward!!

[book5] 07/1/2019 07:43

Irc +33%
PoG should 🚀 if Irc does well
Looking good

[book5] 07/1/2019 05:44

Irc +25% at the moment
What is happening
Teo days in a row of healthy recovery on the sp
It must be :
- China/USA negotiations
-iron ore price

Looking good,

[book5] 04/1/2019 21:39

bridge opening month is mentioned in last company report, have a look
It has not been opened yet

[davidlloyd] 04/1/2019 14:33

Ta LT

DL