Petropavlovsk Share Discussion Threads

[rochdae] 09/11/2020 20:15

Gold will continue its historical valuation. Pog is a rapidly growing company but with management issues. I remain a buyer because of cash generation.
Roch

[robertstronghand] 09/11/2020 16:37

Algorithms got triggered by the vaccine news. Not much hot money in Pog, by the looks of it, lets see where we are at the end of the week. The US economy has recovered quickly regardless of a vaccine, it is the budget deficit that fuels gold's rise.

[undervaluedassets] 09/11/2020 13:25

Yes Robertstronghand . he is the man to listen to. He is a guru when it comes to Petropavlosk and the price of Gold.

[fellranger] 09/11/2020 13:04

Vaccine news - good for us, not so hot for gold!

[togglebrush] 09/11/2020 10:30

POX has competition from Polymetal who have POX1 working, POX2 building. POLY have a presentation today which compares them all. See page 25 in their presentation.
'

lts/presentations/

[edjge2] 06/11/2020 11:33

looks if biden gets in will enhance dollar fall n gold up. Sold dollar based shares but not metals a couple of months ago. POG grown into one of my larger holdings so hope it does not move to moscok. Not sure my broker has trade facility there, anyone know who does? Likely expensive.

[robertstronghand] 06/11/2020 08:10

Some crazy Biden inspired moves yesterday, Eldorado Gold up over 11% to new 52 weeks highs, even the GDX up over 7%.

[rochdae] 05/11/2020 20:10

The results are in the price to the downside. The company with 600koz certainly isn't to the upside. I continue to buy.

Roch

[robertstronghand] 05/11/2020 16:30

No, you might by the sounds of it?

If Biden somehow survives the legal challenges and analysis of votes then the only way is down for the USD and up for gold. Expect this to go on for a long time yet though and fuel the next big move up, already clearly broken out of the descending wedge.

[1 pound here we come] 05/11/2020 16:24

Gold has gone positively ballistic today. Must mean the dollar is collapsing..

[weemonkey] 05/11/2020 14:48

You been at the coolaid RSH?

The good results are not it the price here. But the bad news re 'handbags at dawn action' in Moscow offices definitely is.

Have had a few more.. this is bottoming in my view.

[robertstronghand] 05/11/2020 12:39

Biden's brazen attempt to steal the US election is fuelling gold's breakout, POG.l responding well, higher gold prices will tide us over until management issues are settled.

[edjge2] 04/11/2020 20:42

Had enuf of these but look cheap still

[weemonkey] 04/11/2020 14:28

Going up ... cos it is cheap.

Management problems will get sorted.

Had a few more

[10p here we come] 04/11/2020 13:08

FTSE loves lockdown. Will it be as good for POG?

[weemonkey] 03/11/2020 10:32

Am sure we will see this resurgent..

If CEY is having a better time in the markets today it won't be long for a pick up here in share performance

CEY have structural operational issues

Our revenues at the half year will be bigger than CEY for their whole year.

[officehead] 03/11/2020 07:38

Midas - Point taken, it say Gold Sales.
However if you look at the H1 2020 PRODUCTION update issued July 23, and look at the figures, you can see they are most likely production figures and not sales figures.

Add the Q3 Albyn Sales figures to the H1 Production figures - and you end up with the 9 month Sales figures. So which is it production or sales ?

I would suggest the report is being misleading to cover the low Q3 production figures. I would much prefer you to be correct on this.

[midasx] 02/11/2020 21:39

Thanks apple,

I can see I used the 2019 sales instead of the 2020 figures.

These are still sales figures and not production figures as officehead stated.

I guess we can only go by the updated company projections.

The key is the high gold price which will make up for any production short fall.

Hopefully a Democratic victory will lead to a higher US stimulus and be supportive of continued high gold prices.

[apple53] 02/11/2020 20:31

I don't know how to adjust between sales and production, but if you assume they are the same (bear with me):

we have in-house sourced SALES of c. 300koz in the first 9 months, and the company forecasts 395-415 PRODUCTION for the full year. Taking the centre of the range, and assuming equivalence between sales and production, this gives a forecast of 105 for Q4. A bounce from 86 in Q3, but still slightly below the average for Q1 and Q2.

Using the same approach I can guesstimate that the company estimates c. 41koz third party in Q4 (taking 580 ie the middle of their range of 560 and 600).

Maybe someone else can adjust between production and sales, if necessary, and then estimate revenues and profits for Q4 and therefore H2, noting that the TCC cost for the full year is a wide range of 800-850 (in-house), vs 800 in H1, implying a range of 800-900ish for H2.

[apple53] 02/11/2020 20:22

PS I obviously mistakenly added the 'm' after the 86.3, when it should have been '000oz

[apple53] 02/11/2020 20:15

Midas - I can see where Officehead gets the 86.3m figure from. He is careful to say "in-house". So strip out the 'Third Party' row and you get 30.8+29.1+26.4=86.3. This compares with much higher figures in Q1 and Q2 and in Q3 2019.

You made a mistake in you 22:26 message above when you gave the 126.4 and 8.8 figures as though they were 2020, but they are 2019.

As you say, there are reasons given for the reductions at Malomir and Albyn.