http://www.kitco.com/charts/livegold.html

cheers GF.

I knew you were going to say it was already in the price...

:-0

i didn't say that at all! .... i said "bear closing"!

well you nearly did ....

lol

well i nearly went short of BP the other day too - but i didn't and went long and got singed!!

However, a big increase in second half production and a new mine coming into operation.
Also, the" Russia Risk" discount is way over played on the PE ratio.

for all that, POG management has a very bad record for not meeting its projections ..... that no doubt goes quite a long way to explain the share's consistent underperformance - mirrors the management!

I got all over come when brokers suggested 17 soon, not long ago.,.

Some sort of recovery must be on the cards,after a drop of 20 plus%.
I see gold price is again on the up,approaching all time highs.

chess - must it? ..... it depends how forgiving the market chooses to be

Gold at $1258. A new all time high.
Should be good for gold miners.

Evo Securities note out today:
"Petropavlovsk has moved much closer to realising its goal of a Hong Kong listing for its iron ore operations. This is now expected to be completed in October, subject to final approval from the Hong Kong Stock Exchange and that the company raises the required amount of money at the right price. Given the sale of a stake in the division for US$60m in June we believe that pricing will be relatively straightforward and that the scope for considerable future growth in production and earnings will enhance demand. We view this as good news for Petropavlovsk.
We think the listing is important for three reasons. First, it raises cash for the separate development of the iron ore operations which will not now be dependent on the parent company for funding. Second, the Hong Kong listing will raise the companys profile in Asia where its key customers are located. And finally, it leaves Petropavlovsk as a pure-play gold producer with scope for a rerating.
Indeed, our 1410p valuation of Petropavlovsk as a stand-alone gold producer is, considerably higher than the current share price. On top of this, we expect that it will retain a stake in the iron ore operations which will be much easier to value from its daily share price quotation. We believe that it provides considerable scope for a rerating and strongly reiterate our Buy recommendation."

sp has been really motoring for the last couple of days and at long last the chart is looking good too

Not the greatest performer over the last 12 months. Tradeable, but would be disappointed if holding. Will be interesting to see how the split of the iron ore business affects the sp. With gold being at such a high atm, the sp should benefit.

Very disappointing,given all the hype for POG.
May be some explanation,but what?

it has to be something to do with their flotation in HK, but don't understand nevertheless ..... shares am just contrary!

Yes I quite agree. Yesterdays news on that subject went down like a lead balloon.The funny thing was,the HK float was supposed to be positive.
Especially with gold at new all time highs. ($1315)

Long & complicated broker note out from Canaccord, but the gist of it here:
"But most importantly, the spin-out of all things non-gold should once and for all brand this company as one of the worlds major pure gold producers and then perhaps it will be accorded the pricing normally attributed to such entities. We suggest a pure gold play with 800,000 to 1 million ounces of production per year will attract the interest of some of the large US gold funds hitherto shy of the diversified resources profile.
Given that at current prices the stock is priced at less than 50% of the embedded value of 30.40/share based on a 5% per annum NPV and spot gold prices (the basis of accepted gold valuations elsewhere in the market particularly in North America) we suggest this spin out of non-gold assets when coupled with delivery of the production potential embedded in the companys gold resources will deliver very considerable upside from current prices."

I expect that the iron ore business going back and forth like a yo-yo hasn't helped much!

Broker note from Canaccord:
"Petropavlovsk is hosting a site visit to its gold and iron operations in Far East Russia scheduled from 6-11th October 2010.

Key issues
We thought it would be useful to re-visit what we believe are the key issues before making the trip in order to provide a reference point for any new information that might arise.

We are lowering our gold production estimate for the second half of this year from 515,000ozs to 450,000ozs with the full 76,000oz difference coming from Q3 production. We understand operations remained without access to the high grade material in either pit until right at the end of the quarter.
This leaves our gold production estimate for the year at 615,000oz, a number that we think is now balanced in terms of risk to the upside and downside but is significantly below the low end of company guidance of 670,000ozs and our previous estimate of 680,000ozs.
Our market-based value for the magnetite resources suggests a market price of US$809 million for ILC Limited pre money and before any discount for pre IPO investors.
Our target price for Petropavlovsk remains 15.50/share, which is after a 50% haircut on our NAV at spot gold prices with a 5% based NPV."

i hold these, but the company really does itself no favours by persistently falling short of its forecasts ..... hardly surprising the share underperforms badly