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

cheers GF.

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

800p would be more likely as production has been slashed twice.

Now that would definitely get me interested!

I wonder if anyone has calculated how the revised figures stack up against their peers.
My guess is that POG will still take some beating on say PE ratio for a start.
Having said that,it is,for the holder, a bit like sitting on a powder keg!

Don't forget that the sp has lost 100pts over the past few days so some of the reduced production targets may be in the price already.

Very difficult to call it.

next downgrade in production any one fancy a guess? do I hear 400,000 anyone, 350, going going.....

Continuing to hold and hold and hold zzzzzzzzzzzzzz

Enough to make you want to slash your wrist,and it must be even worse for them that hold!
Why not check out VGM, somr prospects there methinks.(Vatukoula Gold Mines)

Been there CP and took profit when it seemed to`hang at .036p, learnt my lesson the last time I sold too early and not going back in at the mo.
edit. I hold POG, idiot that I am had lots of chances to sell at profit, but hoped drop was short lived. Only about 90p/share down at mo so here's hoping and fingers crossed no further down.,.

Plus 27p this am, at least thats kept Harry at bay......lol