Petropavlovsk Share Discussion Threads

[rochdae] 27/4/2019 22:34

Interesting share price action here. Look at cey and hmg post results. Down 30%. Pog looking quite strong and back to pre-results price.

The story is changing imo.

Pog a huge mining operation and now an industrial hub. IRC's prospects looking better almost over-night as iron ore set to smash through $100. If it gets to $130 dollars IRC could pay back the $240 million loan in 12 months.

Who know's about the gold price. But it keeps up with other prices and very unlikely to collapse. Key technical level around $1370. Through that an it could fly.

[bocase] 24/4/2019 16:35

Just topped up with another 100K

Investor's Chronicle positive - article out 2 hours ago

[route1] 24/4/2019 15:46

Congratulations to the new Board and everyone who contributed in 2018.I am sure that every year is challenging,not least last year,however the Company has come through with POX operational and the IRC refinancing concluded; thus setting the Company in a new direction.So I personally may need to hold for another 10 years to break even at 22p.Patience is a virtue...LoL !!!!!!!

[bambo1] 24/4/2019 15:05

casual47 - I think we are in full agreeance.

[rochdae] 24/4/2019 12:57

Yes, I agree.

Good set of results after a difficult year. First time in many years that this is a buy imo.

Lots of positive news in the near term with POX and production etc... 3rd party contracts etc..

IRC update on 30 April. Trading since Jan. Should be a nice read.

[undervaluedassets] 24/4/2019 12:25

The results are more or less as I expected.

There is a lot to like here.

Those that were expecting miracles have sold first thing (as they will).

New baby kept me away from the Pc this am .. those that bought at the low this morning have got themselves a bargain.

The news story has become broadly positive - and the outlook encouraging.

One to tuck away IMV.

[wigwammer] 24/4/2019 11:09

Re gold price - the risk is asymmetric. If the price of gold falls $300, I suspect the share price here will fall by 50% or more. If the price of gold rises $300, I suspect the share price here will rise 500% or more. Given the average return across those two scenarios is over 200%, i'm quite happy to carry on holding. ATB :)

[casual47] 24/4/2019 10:47

True.

While gold has had a few nasty spikes down a few times in the last few years, the average gold price over the year has remained in the high 1200s/oz throughout.

The shareprice seems adequately priced for a risk of future debt issues.

This year should be the proof of the pudding year - by the end of it we should know whether their gamble with POX will pay off.

[bambo1] 24/4/2019 10:18

casual47 - I agree with what you say, but not all gold miners have such huge debts, and if the price of gold move too far down and the debt cannot be serviced we get liquidated, if the gold price drops but not enough to result in liquidation, the debt we take most if not all of the reduced profits. We are not out of the woods yet.

[casual47] 24/4/2019 09:59

All gold miners are dependent on the price of gold. Russian miners have some of the cheapest AISC in the world so if you want to invest in gold miners and the gold price is your #1 main worry then Russia is not a bad place to be.

[bambo1] 24/4/2019 09:54

The problem with POG is that it is a company with loads of potential but it is dependant mainly on the price of gold which is moving down and other elements like currency exchange rates and these are things that are out of POGs control and with the huge debt it needs these other factors to go their way, but there is no guarantee this will happen. As always, these things are a gamble and you pay your money and make your choice. I personally have owned a huge number of these shares for many years and hold more now than I've ever held, so needless to say I'm sitting on a huge loss. But will continue to hold and keep my fingers crossed.

[rochdae] 24/4/2019 09:44

Yes, looking good to me. Debt down, POX production up, more cash being generated, IRC in great shape with the rise in iron ore since Jan. 3rd party concentrate successfully trailed with initial purchases.... Price seems to be recovering.

[davidlloyd] 24/4/2019 09:40

Agree - and am :-)

DL

[casual47] 24/4/2019 09:26

Seeing as this is a year of transformation I think today's news was good. Debt is coming down, the cash flow is increasing and the business has been stabilised.

If you believe the POX project will be a success then today's shareprice seems a bargain.

The only major worry, imo, is whether they can make POX work as they don't have experience operating something like it.

But on the whole, I would buy POG if I had spare cash.

[bambo1] 24/4/2019 09:22

Not a lot of encouraging news reported, debt still huge and gold price not looking good. Looks like the market does not like it as the share price is down a bit first thing, lets hope it improves as the day unfolds. I was hoping for a pleasant surprise and a big rise in the share price, but it is what it is.

[casual47] 24/4/2019 09:10

If they have spare capacity to process 3rd party then it is a no-brainer as it would reduce the cost per unit.

[book5] 24/4/2019 08:50

Why are they buying refractory stock?
Feeding from Self production would be reassuring

[bambo1] 22/4/2019 00:29

I think due to the size of the debt, this share price is going to struggle to move up unless we get an announcement of a big reduction to the debt. It's a pity the gold price has been gradually moving lower since the middle of February as this will not help matters.

[wigwammer] 18/4/2019 21:33

Bambo confirms his posts are negative and unbalanced. It's great when people reach agreement without unnecessary squabbling :)

[wigwammer] 18/4/2019 17:08

I'm trying to guess why your posts are negative and unbalanced. You have now confirmed there is a reason - thanks for that - but I don't need to know exactly what it is. ATB :)

[bambo1] 18/4/2019 15:43

Wigwammer - Your previous comment;

"I get the impression bambo sold near the lows, and is rather regretting his decision"

reads as if you are trying to guess where I stand with regard to POG. How could I be regretting something that only exist in your mind. I think your words "I get the impression" imply that you are guessing something.

[wigwammer] 18/4/2019 15:08

Guess what exactly?

[bambo1] 18/4/2019 11:36

Wigwammer - Your guess is wrong, but you can have another 6 guesses if you like and I wager you will not guess right.