Petropavlovsk Share Discussion Threads

[kubera369] 27/3/2022 12:13

There will be a ceasefire and end to this for sure.Business at POG will carry on as usual for sure, just temp sanctions put in place This is an exceptional buying opportunity and will be looking to add on any further weakness in share price

[onedayrodders] 27/3/2022 11:11

British foreign minister Liz Truss says sanctions imposed on Russian individuals and companies could be lifted if Russia withdraws from Ukraine and commits to end aggression.

In an interview with the Telegraph, Truss held out the possibility the measures could end if Moscow changed course.

"What we know is that Russia signed up to multiple agreements they simply don’t comply with. So there needs to be hard levers. Of course, sanctions are a hard lever," she said.

"Those sanctions should only come off with a full ceasefire and withdrawal, but also commitments that there will be no further aggression. And also, there’s the opportunity to have snapback sanctions if there is further aggression in future. That is a real lever that I think can be used."

With the Kremlin’s troops struggling, her comments will be seen as a possible incentive for Mr Putin to cut his losses and broker a deal with Ukraine.

Her remarks fit with those of her US counterpart Antony Blinken, who has said the travel bans and asset freezes are “not designed to be permanent”.

The secretary of state said the sanctions could “go away” in the event of an “in effect, irreversible” withdrawal of Russian troops.

[onedayrodders] 27/3/2022 11:03

"The Moscow Times
The Russian army said Friday that the first phase of its military campaign in Ukraine was over and troops will now focus on the complete "liberation" of the country's eastern Donbas region."

The main tasks of the first stage of the operation have been completed," said Sergei Rudskoi, chief of the Main Operational Directorate of the General Staff of Russia's armed forces. "The combat potential of Ukraine's armed forces has been significantly reduced, which allows (us) -- I emphasise once again -- to focus our main efforts on achieving the main goal -- the liberation of Donbas."

Speaking alongside two other top generals at a briefing in Moscow, Colonel-General Sergei Rudskoy admitted that the military had taken heavy casualties and to focus our core efforts on achieving the main goal, the liberation of Donbas."

His comments suggest that the Kremlin may be looking for a way to ease off its military campaign and back up Western intelligence briefings which have said that the Russian army is seriously depleted after a month of fighting that has been far harder than it expected.

[kubera369] 26/3/2022 23:41

If you are invested here you really needn't worry. POG are a gold producer with a junior explorer Mcap currently. POG ain't digging spuds out of the ground. They are mining actual Gold and tonnes of it.In 2021 they produced around 450,000 ounces. At $2000 per ounce that is $900m worth.Current mcap is just shy of £60m. PE is 0.9 currently!5p on any whiff of a ceasefire and 10-15p on sanctions lifted.Could take a few days, weeks, or a few months. No war lasts forever.I will be buying more on Monday as sanctions will get removed !

[hooded claw] 26/3/2022 17:46

The war will end 9th May latest ... probably well before then

[danmart2] 26/3/2022 16:48

No one knows, but hopefully there is a resolution sooner rather than later

[fission453] 26/3/2022 16:44

Tiger...that is your opinion and your opinion alone!

This will end! I mean the war!

and normal business will resume.

This is a great opportunity!!!!!!!!!!!!

[tigerbythetail] 26/3/2022 15:36

I'd say the chances of a 100% loss for UK investors here are very close to 100%. POG's Russian assets will be spirited away from the foreign TopCo in the usual Russian way. Friday's RNS was clearly a preparatory move to that end.
Also, to correct some errors in posts above:
Sanctions won't be lifted until Putin is either dead or out of power. And, by the looks of it, there won't be a peace deal either. More likely is that the conflict will die down into a position where two armies face each other from fixed positions and observe an uneasy ceasefire. In other words, it will be a repeat of the situation that lasted from 2014 to early this year - only the front lines will have moved a bit.
Russia asking for payment for oil and gas in roubles is a little more than a publicity stunt; an absurd piece of vanity that will only drive their customers even further away from them. Putin's regime is absolutely destroying Russia's economic base - expect hyper-inflation and mass unemployment and mass social unrest later this year.

[kubera369] 26/3/2022 15:28

Agreed!Any peace talks will be based on the negations of Sanctions put in place of late.Interesting that Roman Abramovich has received Putin's blessings to negotiate I'm confident that Abramovich will work on the sanctions as a priority as his personal wealth and reputation are at stake

[danmart2] 26/3/2022 13:06

Russian announcement phase 1 of the war is completed (in there opinion) may bring some calm but it won’t end sanctions.

No doubt sanction removal will be a bargaining chip in any peace settlement

[loupos5] 26/3/2022 13:01

bank of russia gold price looks low but that is using 102 to the $. The rouble will strengthen probably when EU start to buy. If it gets to 80 or above 80 the price will be ok.
Too many experts and scare stories on here just now. None of us can understand the full ramifications of these sanctions- and US UK EU sure dont- but I have some confidence in Putin and the Central Bank abilities to deal with the situation.My opinion only.

[grbaker] 26/3/2022 12:59

Many thanks for pointing out my stupid error kickingking, I have amended the post/maths below:

If that ZeroHedge article posted by Kubera above is correct, the Bank of Russia would be paying, per ounce of Gold, this amount:

5000 Roubles = 49.02 US Dollars (according to Google, at the time of writing)

As there are 31.1035 grams in a troy ounce, that's 31.1035 x $49.02 = $1,524.69357

Current price of Gold (according to Kitco, at the time of writing) is: $1,958.40

So the buying price from the Bank of Russia apparently represents approximately a 22.15% discount. (i.e. $1,958.40 - 22.15% = %1,524.61)...

So that will work out nicely for the Bank of Russia...


If this arrangement will help POG, in any way remains, to be seen.

I would also strongly advise anybody thinking of buying here to consider very carefully: the company has never, to my knowledge, faced this level of challenge. Realistically, the chances of a 100% loss are at present very high indeed.

GLA, GRB

[kickingking] 26/3/2022 12:50

I guess that you don't know the difference between an ounce when you bake a cake and a troy oz when it comes to gold. Also the Rouble went up by 10% since Thursday

[grbaker] 26/3/2022 12:45

Original source, for the avoidance of any doubt, has been quoted faithfully from the Press Service of the Bank of Russia within the ZeroHedge article. A google translate of the source ZeroHedge quotes is as follows:

"
Information on the purchase of gold by the Bank of Russia on the domestic market
March 25, 2022
Press release

In order to balance supply and demand in the domestic precious metals market, the Bank of Russia will buy gold from credit institutions at a fixed price from March 28, 2022. The price from March 28 to June 30, 2022 inclusive will be 5,000 rubles per 1 gram. The established price level makes it possible to ensure a stable supply of gold and the smooth functioning of the gold mining industry in the current year. After the specified period, the purchase price of gold can be adjusted taking into account the emerging balance of supply and demand in the domestic market.


When using the material, a reference to the Press Service of the Bank of Russia is obligatory.
"
Source:

Original Press Service of the Bank of Russia link:
hxxp://www.cbr.ru/press/PR/?file=25032022_192430DKP25032022_182539.htm

[grbaker] 26/3/2022 12:42

If that ZeroHedge article posted by Kubera above is correct (copy of post and extract from article below), the Bank of Russia would be paying, per ounce of Gold, this amount:

5000 Roubles = 49.02 US Dollars (according to Google, at the time of writing)

As there are 28.3495 grams in an ounce, that's 28.3495 x $49.02 = $1,389.69249

Current price of Gold (according to Kitco, at the time of writing) is: $1,958.40

So the buying price from the Bank of Russia apparently represents approximately a 29% discount. (i.e. $1,958.40 - 29% = %1,390.46)...

So that will work out nicely for the Bank of Russia...


If this arrangement will help POG, in any way remains, to be seen.

I would also strongly advise anybody thinking of buying here to consider very carefully: the company has never, to my knowledge, faced this level of challenge. Realistically, the chances of a 100% loss are at present very high indeed.

GLA, GRB


Kubera36925 Mar '22 - 18:58 - 55857 of 55860
RE: Russian Central Bank starts buying gold



An rns next week to clarify a way around the current situation, I’m sure the lawyers are executing a strategy as of yesterday. The fog will clear and POG’s path to success will oust



"
In order to balance supply and demand in the domestic precious metals market, the Bank of Russia will buy gold from credit institutions at a fixed price from March 28, 2022.

The price from March 28 to June 30, 2022 inclusive will be 5,000 rubles per 1 gram.

The established price level makes it possible to ensure a stable supply of gold and the smooth functioning of the gold mining industry in the current year.

After the specified period, the purchase price of gold can be adjusted taking into account the emerging balance of supply and demand in the domestic market.
"
Source:

[jaystevens1] 26/3/2022 12:32

Yes people should filter out any comments they disagree with.

pathetic

[grbaker] 26/3/2022 12:25

I would strongly suggest people use the filter button here.

[jaystevens1] 25/3/2022 21:07

There is no way around the current situation.

You are deluded if you think there is.

[kubera369] 25/3/2022 18:58

RE: Russian Central Bank starts buying gold





An rns next week to clarify a way around the current situation, I’m sure the lawyers are executing a strategy as of yesterday. The fog will clear and POG’s path to success will oust

[spacedust] 25/3/2022 17:28

Good shout kubera

[onedayrodders] 25/3/2022 17:13

Yep .. new here so just working out who's who and will filter so they can't fart in a hurricane to themselves