Share Name Share Symbol Market Type Share ISIN Share Description
Petropavlovsk Plc LSE:POG London Ordinary Share GB0031544546 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.12 0.48% 25.38 5,777,953 16:35:03
Bid Price Offer Price High Price Low Price Open Price
25.46 25.50 26.10 25.46 26.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 723.03 19.89 -0.73 1,004
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:03 UT 941,084 25.38 GBX

Petropavlovsk (POG) Latest News

More Petropavlovsk News
Petropavlovsk Investors    Petropavlovsk Takeover Rumours

Petropavlovsk (POG) Discussions and Chat

Petropavlovsk Forums and Chat

Date Time Title Posts
06/6/202117:26Petropavlovsk Gold Miner - inc. Charts54,357
31/5/202010:44*** Petropavlovsk ***28
18/5/202016:55Reasons why to Buy and Hold in Petropavlovsk (POG)6
09/3/202011:01Petropavlovsk - coup by Prudential?12
13/1/201807:37Short POG the DOG to 1.5p35

Add a New Thread

Petropavlovsk (POG) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Petropavlovsk trades in real-time

Petropavlovsk (POG) Top Chat Posts

Petropavlovsk Daily Update: Petropavlovsk Plc is listed in the Mining sector of the London Stock Exchange with ticker POG. The last closing price for Petropavlovsk was 25.26p.
Petropavlovsk Plc has a 4 week average price of 24.62p and a 12 week average price of 22.65p.
The 1 year high share price is 41.50p while the 1 year low share price is currently 22.65p.
There are currently 3,957,270,254 shares in issue and the average daily traded volume is 6,390,312 shares. The market capitalisation of Petropavlovsk Plc is £1,004,355,190.47.
robertstronghand: Always a possibility of funny business at IRC, with our thirty plus percent you only need another twenty to take control, not sure that this is beneficial to us shareholders though. Very resilient share price action, looking to make a breakout from that huge descending wedge we have been stuck in. Not sure why anyone would think Strukov is short of cash, given the price of coal and gold he should be flush with cash.
lawrence thirteen: Robert can you see anyway out? For example I assume strukov has to service his debt to gazprom and needs to knock the share price right to launch a buy out , but will the price of gold and other large share holders stop him?
robertstronghand: What came through in the conference call was the issue that the IRC stake is very large but it doesn't give you control, ultimately IRC is seemingly run by the family members of Pavel and Peter. This could also be an issue with the sale, the buyer would need to be comfortable with this. Interesting while the IRC share price has broadly tracked the rise in iron ore, volume really picked from the end of last year so maybe a change in ownership structure will help.
officehead: I don't think Monday's results will be anything special, well below the expectations of this time last year, and the share price reflects this. For me, as mentioned previously, its all about how the new board and management team are moving POG forward, and making their own mark on the business. They need to show they are no longer shrouded in its previous leadership.
kenj4: MidasX, I did not spot any errors in your calculations, yet they differ from mine, so one of us must be doing something wrong. IRC share price HK$0.34 = US$0.04. 7,093,386,331 shares x US$0.04 = US$283,735,453 31.1% of US$283,735,453 = US$88,241,725 (I had previously calculated using 31.2%).
weemonkey: Midas. Reality check. same production report from 2018:- This is a 'normal' production report before the POX hub was up and running. In the report from 2018 (during which POG was deemed to be struggling) production has slipped by 5% over a year to 112,556 ounces In today's report production collapsed 49% over a year to 95,600 ounces. Put simply today's production report shows us producing less gold WITH the POX hub than we were in 2018 without it. I need hardly remind investors where the share price was in 2018. Do you know I thought today's production numbers were that bad they were made up. If, as some say, Strukov wants the whole thing on the cheap they certainly do not harm his cause. Anyway look, good luck all. I got lucky getting in at around 7-14p with multiple buys. For that I am grateful. Time for me to perhaps put the money in a company that is not forever "jam tomorrow" and does actually pay a dividend. Maybe even Polymetal.
undervaluedassets: I am really sorry folks you are being softened up for lots of disappointment. A very subtle update with lots to be cautious about. less 3rd party concentrate due to "management disruption". What does that even mean? I do not like that at all. And 3rd party concentrate with lower grades than expected. "lower concentrate grades" means POG has knowingly (or perhaps even unknowingly) bought bags of dirt with less gold in them than they would like. Brilliant (!??!) Also the decline in the gold price means that POG will wish it had bought it's 3rd party concentrate (bags of dirt containing less gold than they would have liked) NOW rather than in the past. They will have - with the collapse in the price of gold - have paid far too much for said concentrate. By prepaying for these bags of 3rd concentrate in the past POG effectively find themselves on the wrong side of a hedge position on the price of gold. Prepaying like this IS a hedging strategy 'gone wrong' with the price of gold plunging as it is . "In parallel with the management review and as previously announced, KPMG LLP ("KPMG") is conducting a separate forensic audit into certain related-party and other transactions undertaken by the Company and IRC Ltd, the 31.1%-owned iron ore miner listed in Hong Kong, in the three years to August 2020." How is this even helpful? leave the past in the past. Aside from being a waste of money paying KPMG their huge fees this is quite utterly pointless. Candidly this is Strukov looking for skeletons and serves his turn very well. He wants to "key his own car" so that he can pick up the whole thing on the cheap and take it into his empire. The other thing to say is that it is clear that from conventional mining that POG is pulling less and less gold out of the ground each year. Lastly lots of things to do with gold production are "expected to be lower" int this report apart from Capex which is expected to be higher. That is not a happy combination. No wonder the company trumpets cost-cutting and reducing the headcount. This management update and guidance is an 'empty bag' effectively. In fact, I would go so far as to say that this is a profit warning in embryo
stevea171: I'm another ex TSG and ex POG holder who has been forced out of both companies when prospects never looked brighter but Russian oligarchs took control. Russian miners are being hoovered up Alex Hamer March 24, 2021 Miners with assets in Russia’s far east are getting picked off the London Stock Exchange like teenagers in a horror film. First was Highland Gold Mining last year, then the offer came in for Kaz Minerals (KAZ) – which has the Baimskaya copper project in Russia’s Chukotka region – and now Trans-Siberian Gold (TSG) shareholders are being offered 118p a share for their holdings in the company. Vladislav Sviblov, who also took over Highland, will pay just over £100m for the 40,000 ounce (oz) a year gold miner, and has already sewn up over 50 per cent of the shares through an agreement with Trans-Siberian’s major shareholder UFG Asset Management and two directors who have worked for UFG. Trans-Siberian's low free float means it has never had high trading volumes, but this deal signals a trend that shareholders need to keep an eye on. London has a fraction of the mining stocks listed elsewhere, although they are better quality overall than Toronto’s venture exchange chancers and Australia’s lifestyle explorers. There is a link between these deals aside from the geography: Russia’s second largest bank, VTB. While it would seem obvious such a large institution would work with plenty of mining companies, these deals are being done through its London office. Who could be next? With the gold price well adrift of last year's highs, one mid-tier London-listed gold miner is trading a third lower than in September. This company also operates in Russia’s east and has a few familiar faces involved: Petropavlovsk (POG). Petropavlovsk is now run by former Highland boss Denis Alexandrov, who took over in December. Sviblov was a minor shareholder until last year, but the obvious buyer is fellow gold miner Uzhuralzoloto Group of Companies (UGC), which was instrumental in rolling the board last year and has an existing relationship with VTB. VTB’s involvement in London's previous mining transactions was critical. It served as adviser for Sviblov’s company Fortiana when he bought Highland and for the Trans-Siberian offer, and lent the Kaz buyers $3.5bn. The two key London-based bankers behind the recent deals did not respond to a question on whether they are currently working with UGC. There are some factors that make Petropavlovsk less likely a target than Highland or Trans-Siberian, however. It has a few more combative shareholders, as seen in the fight over the board last year, where UGC and combined 12 per cent shareholders Everest Alliance and Slevin voted out previously resurrected chief executive Pavel Maslovskiy. The company also carries a one-third stake in iron ore mining group IRC (HK:1029), which it has been unable to offload. The miner also added a Moscow listing recently, although this process began under the previous management. A smaller company like the private GV Gold could be an easier target, or bigger player Nordgold could be a factor in any mergers. Nordgold, owned by Severstal chairman Alexey Mordashov has recently looked outside Russia for assets, however. Roadblocks aside, Petropavlovsk does have the lusted-after pressure oxidation plant (POX) that unlocks previously unrefineable refractory gold ore. UGC proved it was more than just interested in holding the company as soon as it took the 22 per cent stake last year (now 24 per cent, says FactSet), and Maslovskiy said a merger was possible. Fellow shareholder Prosperity Capital and former deputy chief executive Alya Samokhvalova claimed the move was made so UGC could take over Petropavlovsk without paying for it. Given VTB backed the in-progress Kaz Minerals takeover – and the potential payday that might come its way in raising $8bn to build a new mine – financing a Petropavlovsk takeover might breeze through the risk committee.
midasx: Does not really paint the true picture. Only two companies with notifiable short positions and only Polygon with a sizable short position which experienced POG investors will know is a hedge position. Polygon have recently reduced their short position by 0.58% and they will increase it if the POG share price increases. Another $2.6 Million debt reduction taking the total reduction to $85,000,000. Someone picked up 4,500,000 shares @ 30.2468p late trade just reported from 18:16:14 yesterday.
undervaluedassets: Everything about this suggests to me that Strukov and his ilk are happy with the company being in a state of chaos as it gives them the opportunity to pick up more shares on the cheap... And even at some point in the future to put shareholders out of their misery by making a derisory offer for the whole.. I must ring Prosperity and see what they make of all this nonsense. The proof of the pudding is in the eating. And if share price performance is a measure of success (which it surely is in the final estimation) well since they have come to power the new management and board have certainly been successful at driving the price of shares in POG down. By contrast The previous board it should be noted presided over a transformed company whose share price rose 700% in 3 years making it the stand-out performer in the ftse 250
Petropavlovsk share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210612 17:29:15