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

cheers GF.

It does not live up to its promises... poor output means this will drift downwards... good one to short

They certainly must be a candidate,given the almighty fall of 2 years ago (from 1400 to 200.

Hong Kong listing seems to be struggling and at a price far below what was expected. May possibly be delayed.

Now sub 1000p. Maybe your 900p target may not be short of the mark, cynic.

Morning all

POG
Eerly 2010 pog anounced that 2010 would be a transitional yr and that its production would be mainly weighted in the last few months of yr and that the the 1st 6 months would have high costs per oz and that it would = around 35% of its production for the yr, so far this as happened , they have said exactly that , in august itsaid that the production would be 670koz +/- 5%,itas not retracted this as yet, but listen to this even if they do just 600kozs its still producing more than RRS, from now till end of yr they should average 100k oz a month they are now doing monthly updates ,1st being 3 rd Nov, now if they were not confident of doing this they would not do monthly updates . POG is going to get seriosly rerated very shortly.

All the information is on their web site have any of you bothered to go and read the updates. Has roson says they are doing exactly what it says on the tin.

if so, sure makes a change!

Yes,I think many people are aware of these facts.However ,it has been these very inconsistencies that have heped to create this situation.

I suppose too that POG has had its share of bad luck one way or another.
I quite agree, though,that some sort of re rating is on the cards.

Not a pretty sight.Especially with the continuing rise in the gold price.

Can't make up my mind where the best entry level is.

the bottom!

It isn't as though the expectations have not been well flagged.
The price of gold is down about $50 over the last few days,so that won't help either.
Some bit of good news might do the trick.
Meanwhile,I am on the sidelines.

Cheers, Cynic, that's really helpful! I am still thinking that 900p may to achievable, so like cp, I am waiting & watching.

i always like to scatter a few pearls of wisdom, even if before swine!

.

Poor POG.

Nobody loves them.

I might if it goes under 900p.

Most of the others in the sector are off to the races.
Thank god I am well clear of it.

POG screw it up yet again .... yet another slashing of production forecast


Russian gold miner Petropavlovsk reduced its gold production guidance again for 2010, although it said many of the difficulties that had arisen during this year had now been successfully overcome.

It expects to produce 510,000-530,000 ounces of gold in 2010, down from the 636,500-670,000 ounce guidance given in August and the 670,000-760,000 ounces given before that.

The company was hit by a delay in the delivery of major mining equipment and extremely harsh weather as it worked to ramp up production at the Pioneer mine, it said on Wednesday. It was also negatively affected by lower grades.

"The previously highlighted equipment delivery problems and the exceptional adverse weather created significant operational difficulties for the group which were beyond our control," said chairman Peter Hambro.

if the fall is hard this morning - let's say to 850 - then PERHAPS worth a punt, but the markets can be pretty unforgiving, especially of companies that consistently and persistently fall short