George Zibbos
12 Dec 2015
Re: RNS Lamesa Group Certainly a wheels within wheels operation. Both Lamesa and Polo are owned by Renova group which is owned by Viktor Vekselberg reputed to be Russia's richest man. Vekselberg became known as the tin man with the midas touch with his aluminium interests. He's clearly nobody's fool and with a now nearly 20% holding in POG Im riding on his back. Gold did have the bearish prospect of hitting $1000.00 oz but the bottom could be in already. Gold futures already turning bullish and nothing left in the Comex conman warehouses as its all been sold. Many banks are over exposed in the general commodities sector (look at glencore, anglo american, lonmin etc). They are going to be on the hook again as they were in 2008 due to over lending in the housing markets and look how high gold went after the last banking crisis, it doubled. At least the debt problem with POG is behind us and already priced in.
strapuk
11 Dec 2015
Re: RNS Lamesa Group Should we be riding on their coat-tails I wonder?
Kenj2
11 Dec 2015
RNS Lamesa Group Lamesa Group have just added another 76.68m shares, following up their purchase of two days ago, and now own 483,992,987 shares, or 14, 7640% of POG stock.Added to their Convertible Bond holding of 5.1794% they now own 653,784,562 voting rights.Giving a percentage of voting rights of 19.9435%.So almost 20%, They seem very keen.
George Zibbos
10 Dec 2015
Re: News And more from Lamesa again. Banks beginning to build stakes now in gold miners too. Perhaps they know something is in the air.
George Zibbos
07 Dec 2015
News Lamesa Group Holdings building a large stake here (14%) now.
LTJ13
04 Dec 2015
I know people keep saying that gold prices have no effect on POG but of course they do, American markets just opened and gold surges fouur dollars in the right direction.
LTJ13
03 Dec 2015
Naive indeed , price has fallen again almost as I posted
LTJ13
03 Dec 2015
The gold price rise just before the USA markets open is weird as Janet Yellen is giving a speech today regarding an interest rate rise in the dollar. Now naive me would have thought that if the rise was imminent then people would be selling before the price of gold fell? But hey what do I know,
LuxInvest
24 Nov 2015
never mind, I already found it in prior press releases.....russian billionaire Vekselberg has added to his stake!
LuxInvest
24 Nov 2015
anybody know who is begin Lamesa Holding? Is that a company affiliated to the russian Billionaire whom recently bought a stake?
the old trout
23 Oct 2015
Re: Gold I spoke too soon, spike up on Chinese news and then slammed back down as dollar soars.Back to the potting shed for me 
T
the old trout
23 Oct 2015
Gold Is flying today following changes in Chinese monetary policy. Other stocks are well up but POG not moving yet. Looking at level 2 it seems that it's being walked down to fill a 600k order at 5.9 on the bid with strong support beneath that. This will move quickly imho if the order gets filled or pushed up the order book.A rising tide lifts all boats.....T
PacificSailor
20 Oct 2015
3Q Report RNS is in Go read it.Volumes have been cut to go for more productive ore and hence reduce production costs and maximise profit. All geared to reducing the debt.It leaves the lower grade ore for times of higher gold price, and hopefully a more solvent company. Whether this is the most cost effective way to handle the resources is not mentioned .... but probably not relevant at this time.
PacificSailor
20 Oct 2015
Re: Share Proph view The figures are from the 2015 interim report. The report is far clearer in the status of POG than Winnifrith's piece.In addition the 3Q production report is due imminently.I would strongly suggest that TW's rehashing of the interim report be ignored ...... and his unsupported 3yr valuation likewise. In other words do your own research ....... as always.Disclosure: I am long POG ...... but it is part of a hopefully balanced portfolio.
nk1999
19 Oct 2015
Share Proph view "Buy Petropavlovsk at 6.47p - target price to sell within 3 years 19p says Tom Winnifrith Investment Case: As noted last month with Berkeley Energy, it is not a surprise to see eye-watering share price declines over previous years for stocks with sector: “Mining”. Shares in *Petropavlovsk plc, formerly Peter Hambro Mining, (LSE
OG) have particularly suffered – they down from more than 400p at the commencement of 2011 and more than 100p at the commencement of 2013 to a current 6.47p offer price – amidst a combination of sector-wide and company-specific challenges, the latter including a vast debt pile. However, a recent refinancing and refocusing – with production now being optimised from a cash generation point of view – now offer the promise of a decent recovery from current levels and the shares are a buy…the target price to sell is 19p within three yearsOperations: The company is currently producing from four gold mines in the Amur region in the Russian Far East; Pioneer, Albyn, Malomir and Pokrovskiy and recently particularly noted “further positive results from the exploration of high-grade ore bodies at deeper horizons” at its flagship Pioneer mine (H1 2015 production of more than 99,000 ounces), adding “these results have allowed us to commence talks with potential foreign subcontractors to carry out detailed underground exploration”. It is also the largest shareholder in IRC Ltd, an industrial commodities company listed on the Hong Kong Stock Exchange.Fitbug (lack of) Sales Director walks – when’s the next bailout placing? HEREManagement Incentive: A co-founder of the company and Chairman since its formation in 1994, Peter Hambro’s remuneration last year totalled £555k and, following the refinancing earlier this year, he has an interest in 152,280,861 shares. Hambro has now been re-joined at the company by fellow founder Pavel Maslovskiy who relinquished all remunerated positions following his appointment to the Upper House of the Russian Parliament. Having now retired this, he has been re-appointed as CEO and, following the refinancing, his interest totalled215,553,105 shares.Financials: Following a strategy of decreasing costs and generating cash in line with a deleveraging programme, Peter Hambro noted “it is welcome to be able to report a small operating profit in the first half of 2015 in spite of the lower gold price and a 26% yoy reduction (to 229.7k) in the number of ounces we sold”. After net finance costs and tax this was a $27.70 million attributable loss from continuing operations, though the company emphasised that advance stripping work, at the expense of lower-grade production, allows it to maximise higher-grade production in the second half of the year.Additionally, following an approximately 9% year-on-year decrease in average total cash costs for its four mines to $767 per ounce, the company noted that it “decreases its guidance for total cash costs of production from below $700/oz to c.$600/oz”. Following the noted refinancing, which included the company raising more than $156 million of new equity in the period, net debt was reduced to $696.12 million.Risks: There are of course the general mining risks – including, in this instance, the price of gold. Though with sentiment currently dire, we are optimistic here. There is also risk associated with operating in Russia – though these are experienced operators in the region, with the group having operated in Russia since 1994.Despite the recent debt reduction, there is also clear balance sheet risk. This is even more so with the company having provided a guarantee to the Industrial & Commercial Bank of China in respect of a $340 million loan facility to fund the construction of IRC's mining operations at K&S in the Russian Far East. It is noted that in IRC’s “financial statements for the six months ended 30 June 2015 they have identified a material uncertainty in relation to their ability to continue to operate as a go
