forwardloop
18 Mar 2017
set for significant production boost from POX [link]
shugg1e
17 Mar 2017
Bargain stock This is the cheapest and most undervalued unloved and unseen gold stock currently trading on the LSE Its AISC are very low its back in profit and has a measly £200m market capSOLG is valued at 3 times this share and hasn't even got a mine built.
Ripley94
15 Mar 2017
SETSQX Trades under SET SQX "Combines periodic 8,9,11,2,4.35pm electronic with standalone non electronic quotations" Can some please explain how this is better for PI then seaq trades ?Again some brokers can get live over the counter prices at all times and some can not.The ones who cant sometimes get a better price if it deals, at other times does not buy on limit and you can see others brought at price and better the the unobtainable price.
Ripley94
15 Mar 2017
Re: Long term holder. Ripely Sorry Guthrum i should of put n/c.... as i have seen others do.Topped up today @ 5.95p
Kenj2
17 Dec 2016
AZ deal is off. LONDON (Alliance News) - Petropavlovsk PLC on Friday said Russia's Alliance Mining Group and Lexor Group SA have advised that they will not seek to extend the agreement over the acquisition of Amur Zoloto LLC beyond its long-stop date of December 31.Petropavlovsk, AMG and Lexor entered into an agreement to buy Russian gold company Amur Zoloto in April, in an all-share deal worth USD144.0 million.On Friday, Petropavlovsk said that while both AMG and Lexor's boards notionally support the acquisition, they have advised that they will not seek to extend the agreement beyond December 31 due to the preference of some major shareholders that Petropavlovsk remain focused on unlocking value from the pressure oxidation and underground mining initiatives in the near term.In addition, both AMG and Lexor have concerns over Petropavlovsk's potential and ongoing contingent liability under its guarantee of IRC Ltd's project finance facility.IRC, in which Petropavlovsk is a major shareholder, is due to repay USD26 million under its project finance facility this month, but will not be in receipt of the funds until December 29 due to the requirement to seek shareholder approval at its extraordinary meeting on that day.IRC currently needs USD10 million to supplement its existing cash resources in order to enable it to make the payment. Obtaining the funding is a condition precedent to the implementation of Petropavlovsk's refinancing with one of its lending banks."The company is in regular dialogue with IRC and has been informed that IRC expects to make the IRC December payment which is the final pre-condition to the group's refinancing with this bank coming into effect. Implementation of the refinancing, which would result in deferral of its obligation to make a debt repayment on December 20, 2016, is critical to the company's financial condition. If this debt repayment obligation is not deferred Petropavlovsk would then be in breach of its existing facilities," Petropavlovsk said in a statement.Petropavlovsk added that it will not be progressing discussions regarding an amendment of the proposed acquisition to include the gold assets in Kamchatka of the company's biggest shareholder Renova Group.Renova had requested in June that Petropavlovsk include the Kamchatka gold assets in the acquisition. On Friday, Petropavlovsk said it will not progress discussions on this matter as it focuses on its corporate strategy which is to focus firmly on optimising its current asset base.The company said it continues to maximise cash generation from the four operating mines Pioneer, Albyn, Malomir and Pokrovskiy, whilst driving the POX Hub and underground growth development projects to first production, on time and within budget.Shares in Petropavlovsk closed down 3.0% at 6.80 pence on Friday.Karolina Kaminska; [email protected]; @KarolinaAllNewsCopyright 2016 Alliance News Limited. All Rights Reserved.
forwardloop
05 Dec 2016
info Petropavlovsk may get improved terms for Amur Zoloto acquisitionFollowing a US$500 mln refinancing announced at the end of November Petropavlovsk PLC (LON
OG) has revealed that it has received a letter from Amur Zoloto, the established gold producer with assets in Khabarovsk which it agreed to acquire earlier in the year.The letter lays out some of the more recent developments in Petropavlovsk’s corporate history, including the refinancing, and suggests that instead of the previously-mooted 30% of Petropavlovsk’s enlarged share capital, the price for the acquisition should now come in at around 20%.This is a clear improvement on the previous terms, and was further enhanced by an undertaking from Amur Zoloto’s current shareholders to underwrite the company’s current production, thus allow Petropavlovsk to avoid dipping into cashflow for 2017 and 2018.Petropavlovsk said discussions between the two parties and their respective shareholders are continuing.[link]
tikky
23 Nov 2016
buy just bought in !!!!! 7.3p any news ?
Kenj2
27 Oct 2016
Re: Stockwatch: A portfolio hedge with capit... You should have read down a bit further in that article you posted Plaitech."Last April, Petropavlovsk acquired Amur Zoloto, another Far East Russian gold-miner, for $144 million, issuing 1.4 billion shares at 6.9p to the vendors and further increasing the equity base by one third."This is news to me, and I suspect other POG shareholders. This acquisition needs approval by shareholders, and so far that has not been sought, let alone given."The acquisition is subject to a number of conditions which include, inter alia, the preparation of a combined circular and prospectus and its approval by the UKLA, the approval of the acquisition by the Company's shareholders, the completion of due diligence by Petropavlovsk, the approval by the independent shareholders of the Company of a resolution approving a waiver to be agreed by the Takeover Panel of the obligation to make a mandatory cash offer under Rule 9 of the City Code on Takeovers and Mergers and the receipt of all necessary Russian regulatory consents. As separately described in Petropavlovsk's full year results announcement released today, Petropavlovsk is in constructive discussions with its existing bank lenders regarding obtaining their consent to a relaxation of covenants, and to amend the maturity profile."I do love these insightful well researched articles by iii.
Paitech
25 Oct 2016
Stockwatch: A portfolio hedge with capital upside Stockwatch: A portfolio hedge with capital upside[link] "POG" finally trending up? The epic code for Petropavlovsk (POG), a £250 million London-listed Russian gold miner, is its usual term of reference - cynics may say it is a variation on "dog", after the firm slumped amid operational setbacks, falling gold prices and high debts.The five-year chart implies it is down-and-out, although this derives largely from 3.3 billion shares in issue, e.g. after drastically enlarging equity with a 157-for-10 rights issue at 5p in early 2015.Yet the first-half 2016 results reflect a turnaround taking shape, with operating/admin costs pruned back, and gold prices are nowadays value-accretive for mining. At about 8p, the stock is fully-backed by net tangible assets, so all POG need do is establish reasonably progressive financial results to see it trend higher.Context for gold remains overall supportiveGold prices have been volatile lately, albeit in the context of a strong rise from about $1,060/ounce to $1,360 mid-year, currently $1,250. Some retracing was inevitable - it's inherent to markets - and traders now vie over the odds of a December US interest rate rise (should Hillary Clinton win the presidential election) as liable to weaken gold, versus risks of a US recession spurring another advance.A median view is plenty other uncertainties for the global economy persisting, it only needing an element of investors to hedge via gold to sustain a price-range in support of profits. In such context, POG is seen as an ugly duckling, while swans such as Randgold Resources (RRS) command about 25 times earnings (but also saw a 2013-15 underlying profits decline).As an industry leader, Randgold has been a prime means to play gold's re-rating, and it also boasts a strong record of dividends, whereas POG's lack of income will keep it off most institutional investors' radar.Yet 25 times earnings leaves no headroom for mining's unpredictable issues, while forecasts suggest POG is on a price/earnings (PE) multiple reducing to four, which effectively prices them in. Some might say it reflects Russian political risk, but Randgold is operating from Mali, an area torn by civil war.Not surprisingly, Randgold's chart has run into volatility with a sharp fall whereas risk/reward - in terms of price versus intrinsic value - is arguably more favourable for POG. This significantly reflects a flow of initiatives since the end of 2014 when Pavel Maslovskiy was re-appointed as chief executive following two years in Russian politics.Interim results reflect a turnaround taking shapeMind the Company REFS table is sterling-based, whereas news releases are in US dollars (in line with international resources industries).The first half of 2016 showed a return to profitability with operating profit of $37.8 million (£30.9 million) and after-tax profit of $9.2 million versus an $81.6 million like-for-like loss a year earlier. This was mainly due to cutting production costs by over 20% and central administration costs by 17%.The first half-year is generally weaker for performance, although gold production was affected by severe flooding in June/July, which delayed stripping works, a 22% fall to 187,400 ounces and annual guidance indicated at the lower end of a 460,000-500,000 ounce range.There have been various technical developments to advance from open-pit mining in the first quarter of 2017, and a pressure oxidising facility should unlock plenty more value from a 9.3 million group reserves base; capital expenditure on development was still reduced by 33%, though.Cost-cutting looks vital, given the end-June balance sheet shows net debt down by only 2% to $598 million; the debt profile weighed 56% towards short-term maturities.Watch out for news (indicated by end-October) of rebalancing debt maturities to 2022 with a back-ended repayme
II Editor
11 Oct 2016
NEW ARTICLE: Trends and Targets for 12/10/2016 " GOLD (COMEX:GC) appears to have its price hanging on a dodgy thread. Our Big Picture report back in August had proposed the possibility of weakness to 1248, this movement proving rather accurate. Accurate, aside from the unpleasant detail our ..."[link]
nk1999
02 Oct 2016
Times- Tempus "Petropavlovsk is at an inflection point, with only a few more building blocks to put in place before it can be regarded as a fully viable business again and can turn its thoughts to the prospect of dividend payments. This will be little comfort to those investors, many of them retail, whose holdings were horribly diluted by last year’s rescue financing.The goldminer with interests in Russia’s far east has to complete the rescheduling of its debts, which looks set to go ahead. It also has to find a way of building a long-delayed facility that will allow gold to be extracted from old spoil. And it has to finalise the terms of two acquisitions in the region, both probably involving the issue of new shares, and start mining underground.All could be in place by the end of the year, or thereabouts. At the halfway stage production costs were cut, even though the amount of gold extracted fell, in part because of heavy rain, and these are running more than $600 an ounce below the world price. The company is even back in profit. The shares remain bombed out, off ¼p at 6¾p. This is one for the brave, but the upside should be there.My advice BuyWhy Extremely speculative; there seems little downside"
nk1999
28 Sep 2016
Results RNS missing on iii.co.uk again.Here is the link:[link]
Clarence Beaks
28 Sep 2016
Re: POG will be a medium term winner you remember once this was £13 right? 
Nice to Michu
28 Sep 2016
Frustrating but understandable sp Company focusing on developing/growing instead of paying down debt quickly.I see significant medium term potential here but much patience perhaps still required Or if you're a market bear/ gold bull you'll see short term potential here tooA nice hedge type holding in my p/f for me too.
Nice to Michu
28 Sep 2016
POG will be a medium term winner I believe..But todays results are reasonable but no more.Versus many other gold stocks its Sp performance has been extremely poor this year, in fairness. And it's strategy of spending now on growing/developing instead of paying down more debt more quickly means significant patience continues to be required here.Generally, this stock is for medium to long term holders only, I believe ( and in that vein I continue to hold an average sized position here.)Market bears/gold bulls of course will still see short term sp appreciation potential here. ( I see this as a hedge type holding in my portfolio too )
