shugg1e
06 Jul 2016
Re: Leave Gold Price look at the 5 yearly these were £9 at $1800 gold
shugg1e
06 Jul 2016
Re: Leave Gold Price Nobody is touching this at the moment ive just bought a load moreIt has to be the biggest bargain in terms of a gold play out there600k oz per annum producer with very low cash costs and a market cap under £300mIts a steal here now with gold price at $1370
S R Green
25 Jun 2016
Re: Leave Gold Price I bought some more (I do probably need my head examining as I am up to the eyeballs on this one), as ok there is the exposure to IRC, but it just seems very bizarre that gold can go up 13% odd against the £, but this share drops.And I'm not saying any of this as a recommendation for anyone to buy. I just can't fathom why the price hasn't risen (anyone can give a logic reason please feel free, its probably I'm just missing something)
sootmeistre
25 Jun 2016
Re: Leave Gold Price So what did you do??
S R Green
24 Jun 2016
Leave Gold Price If the spike up in the gold price (especially against the £
holds we should see a rise in the price of this today... if it doesn't nothing will shift it (and if it drops in a general market downturn I'm going to have to buy some more)
Simbr
15 Jun 2016
Re: AZ Another note out yesterday, must have missed it. It's by SP Angel:"In line with the Group strategy of margins over ounces, we revised our production and costs estimates for 2016 to 463koz at US$715/oz TCC (POG guidance: 460-500koz at US$700/oz TCC). FY16 levered FCF of US$89m to be used to deleverage the business (YE16 ND: US$501m (SPAe) v US$510m (POG guidance, adjusted for GMD share of capex and non-core assets sales proceeds). On a medium to long term front, we have revised our valuation to account for a series of major business development initiatives the company has recently announced."(taken from Research Tree)
forwardloop
22 May 2016
Good summary? IC on results 29 April Major developments at PetropavlovskFull-year results for Petropavlovsk (POG) were effectively a sideshow to two significant announcements made on the same day. Not only is the Peter Hambro-chaired group pushing ahead with plans to acquire Russian gold producer Amur Zoloto, but the miner has found financing to finish construction of the half-completed pressure oxidation (POX) hub it abandoned amid a slump in the price of gold in 2013.The POX hub deal has been struck with GMD Gold, which will provide $120m (£82m) for a 51 per cent stake in the asset. The hub will allow Petropavlovsk to process refractory gold reserves from its Malomir and Pioneer mines, leading to a further 200,000 to 300,000 ounces of gold a year at full capacity, and can be leased to third parties and affiliates of GMD Gold.Production should be given a further boost from the Amur Zoloto acquisition, which is targeting an increase of 70,000 to 127,000 ounces between 2017 and 2020, at an average cash cost of $640 an ounce. This transaction - which requires shareholder approval - is also being funded by two partners, who will receive 30.3 per cent of Petropavlovsk's enlarged share capital at a knockdown price of 6.89p per share.Prior to these results, Canaccord Genuity was forecasting full-year adjusted earnings per share of 2¢, against a loss per share of 2¢ in 2015.PETROPAVLOVSK (POG)ORD PRICE: 8.3p MARKET VALUE: £272mTOUCH: 8-8.3p 12-MONTH HIGH: 8.4p LOW: 5.1pDIVIDEND YIELD: nil PE RATIO: naNET ASSET VALUE: 15¢ NET DEBT: 119%Year to 31 Dec Turnover ($bn) Pre-tax profit ($m) Earnings per share (¢ Dividend per share (¢2011 1.30 361 124 122012 1.20 40.0 na 12*2013 1.20 -523 -259 nil2014 0.86 -14.3 -94 nil2015 0.60 -142 -7.0 nil% change -31 - - -Ex-div:naPayment:naIC VIEW:The recent history of Petropavlovsk has made it something of a complicated beast, and these announcements do little to change the fact that the business has a considerable number of moving parts. But with debt coming down, the gold price looking a lot more robust and a huge boost in production carried by third parties, we're tempted to take a punt on Mr Hambro's outfit. Speculative buy.Last IC view: Hold, 6p, 28 Aug 2015
GB33
29 Apr 2016
Re: seems a good buy I think you may well be right in the fullness of time. We will need to see which path POG take should the convertible bondholder' watersheds be triggered. It would also be helpful to get an updated asset estimate following the conclusion of these deals. Plus I'd quite like to see the BOD stick with their strategy to rebalance the majority of enterprise value from debt to equity, rather than running off making further deals.
shugg1e
28 Apr 2016
seems a good buy looks highly undervalued and has yet to be re rated due to gold price rally should be 20p
2partacus
07 Mar 2016
Re: IRC They've acknowledged that they are in financing discussions but nothing more / less. Perhaps someone on the inside (outside of POG) believe the financing will occur and will be good for IRC SP?
Workingstiff
07 Mar 2016
Re: IRC Perhaps, but the IRC team can see the price of ore too. If it was just that why put out the note?
Kenj2
07 Mar 2016
Re: IRC [link] spot iron ore price continues to defy critics (including myself) and jumped 5% on Friday to US$53.75 a tonne.The iron ore price is now up 40% in less than three months, and well off the lows of US$38.30 a tonne set in December 2015."FXPO for example are up from 14p in December to 44p today.IRC is riding on the same bandwagon.
Workingstiff
07 Mar 2016
IRC An IRC caution has been published to the effect that they don't know why their share price is rising. Could this be a precursor to a bid? And if so, what happens to the POG loan guarantee. Maybe they hand over their 40% stake to be absolved of this. It would be nice if IRC went away. I think it is one of two factors holding this share back. The other being the $100m bonds with a conversion price of around 8.5p.
Kenj2
06 Mar 2016
Re: Run the figures "It is making progress but is still an indebted gem."You are right 2partacus debt has been their major problem. They are paying it down nicely and all is looking good, except for their subsidiary IRC. POG are the guarantor for a $240m loan to them. Should IRC collapse, our debt will rise by that $240m.I believe that this is the main reason why POG's sp is not racing ahead.
shugg1e
04 Mar 2016
Re: Run the figures Yeah bought that this morning If your looking for other try these although unlike POG most are up over 100% since janLooking for some more juniors to get into.AMA , AVM, AUE , SOLG, AAZ ,PGD,GDP and OMI
