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

cheers GF.

It appears that POG debt is due to double, hence the steady tumble in the sp:
Canaccord note:
"We reiterate our BUY recommendation after raising our interim profit estimate (six months to June 2011) from US$57 million to US$95 million, albeit the increase is almost entirely from non-gold contributions and one-offs like asset sales and exchange rate benefits from translation of value in assets and liabilities. We are also increasing our estimate of net debt from US$220 million to US$548 million due to working capital considerations. Our numbers continue to show that the company is well positioned to fund its expansion plans.
We estimate that Petropavlovsk will need to spend US$754 million in development capital over the five years from 2011 through 2015 (excluding exploration expenditure) in order to deliver the production growth that we are projecting. In addition, we are allowing for US$260 million in exploration to deliver ore reserves and maintain reserve life at the higher production rate, for a total commitment of US$1,014 million
However, we estimate net cash from operations over the same period at US$1,499 million, against a gold price declining to US$1,300/oz over the period, for a surplus of US$485 million over the five years. And at no time does Petropavlovsks cash balance go negative. The low point on our numbers will be in December 2011 at US$146 million, after the bulk of the expected capital spend estimated at US$421 million, which suggests a cash draw for the year of US$174 million. A foreign exchange gain of US$20 million. A US$20 million contribution to revenue from third-party consultancy by Irgiredemet which, on our numbers, helped account for a US$8.7 million EBIT contribution from Head Office. A US$12 million contribution from the sale of the Solovyevskiy alluvial gold deposit.An EBIT contribution of US$3.2 million from IRC, from an estimated US$54 million of sales. Without these non-gold contributions, we estimate that the after-tax profit from gold mining was US$68 million, an increase of US$11 million on our first response after the production numbers were released."

Up to the 200 DMA?.......Now that would be nice!

Interim results on thursday this week.

StockMarketWire.com
Petropavlovsk PLC has issued its Half-Year Report for the period from 1 January 2011 to 30 June showing group revenue for H1 2011 increased 143% to US$475.1 million, (H1 2010 US$195.7 million) and revenue from precious metals operations increased 118% to US$394.6 million, (H1 2010 US$181.3 million).

This increase was due to higher production volumes, an increase in gold sold and the higher gold price;

Gold sales increased 73% to 268,500oz, (H1 2010 155,300oz) and the average realised gold price rose 26% to US$1,455oz, (H1 2010 US$1,154/oz);

Underlying EBITDA increased 290% to US$186.2 million (H1 2010 US$47.7 million);

Operating profit (before exceptional items) of US$138.4 million was up from H1 2010 (US$10.7 million);

The Company paid a final dividend of 7 pence per share on 28 July 2011 to shareholders on the register as at close of business on 1 July 2011 and on 24 August 2011, the Board of Directors approved an interim dividend of 5 pence per share, which will be paid on 11 November 2011 to shareholders on the register as at close of business on 7 October 2011.

after a slowish start, good to see POG doing the biz at last

No correlation between the gold price and POG sp then?
900p here we come!

Harry hope you bailed out.

Yes, made a reasonable profit and sunk it into Aviva. Sadly that is sinking as well, though got the divi!

looks like the stock has fallen off a cliff again .
Is this Russian factor overplayed or what?

Goes ex-divi next wed 5th Oct '11 (5p)

Numis has upgraded POG from add to buy. Target price
remains unchanged at 1000p.

Would be very happy with 850p. That's my target & will re-assess if & when it gets there.

Collins Stewart has upgraded POG from hold to buy. TP up from 850p to 900p.

Notice of Production Report for Q3 2011 and Interim Management Statement

Petropavlovsk PLC is pleased to confirm that it will be issuing its interim management statement for the period from 1 July 2011 to date on Thursday, 20 October 2011.

a small but welcome ray of sunshine

StockMarketWire.com
Petropavlovsk PLC has issued an interim management statement for the period from 1 July 2011 to date, showing the Group's total attributable gold production for Q3 2011 was 228,100oz, a 65% increase on the same period in 2010 and a 59% increase compared to Q2 2011.

The Group's total attributable gold production during the first nine months of the year totalled 447,200oz, 47% higher than the equivalent period in 2010;

Good performance at Pioneer, Malomir and Pokrovskiy continues through October with all mines on schedule, and accordingly the Group is confident of meeting its full-year production target of 600,000oz.

Commenting on the announcement, Peter Hambro, Chairman, said: "I am delighted to report that the Group has enjoyed another strong quarter, delivering record production levels which see us on track to achieve our annual production targets.

"This was a result of a significant improvement in the Group's operational performance and efficiencies at every site when compared to the previous year, including a 15% increase in total volumes of mining works at Pioneer compared to the beginning of the year.

"With Albyn nearing completion and our POX hub development progressing well, our development plans are also on track.

"Our balance sheet is healthy and has again been strengthened by the strong gold price environment during this year and an additional significant facility from VTB Group.

"In the context of the high volatility and still uncertain outlook in the international markets, it is pleasing to be reporting such a strong performance, and a confident operational outlook for the full year."

Credit Suisse reiterates: outperform and 1000p TP.

Questor in the Telegraph after POG interim statement last week:

http://uk.finance.yahoo.com/news/Questor-share-tip-tele-2172155321.html?x=0

chart is an awful lot healthier than it was, but take good note how 200 dma has proved a hurdle too high in the past

StockMarketWire.com
Petropavlovsk has commissioned its fourth hard-rock gold mine, Albyn.

The mine, located in the north-east of the Amur region, is relatively close to the group's other gold assets and has been commissioned ahead of schedule.

Albyn - in common with the group's other gold mines, Pokrovskiy, Pioneer and Malomir - is an open-pit mine and will be extracting gold using resin-in-pulp treatment.

The first processing line commissioned today (25 November) has a design capacity of 1.8Mt of ore per annum.

The commissioning of the second line is expected to be brought forward to the fourth quarter of 2012 from the previously planned 2014.

When both processing lines are in operation, the total capacity of the mine is expected to run at a throughput rate of 3.6Mt of ore per annum.

Technical director Martin Smith said: "The commissioning of a fourth mine is a significant achievement for the group's team, demonstrating yet again the group's strength in developing greenfield sites into producing gold mines within very competitive time-frames.

"Building a mine in a remote area like this is not easy and in the case of Albyn the team had to deal with a number of infrastructure challenges.

"In spite of this, we managed to commission the mine ahead of schedule."