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

cheers GF.

POG

Further broker recommendations

Date Broker name New Price Old price target New price target Broker change

30-Jan-12 Credit Suisse Neutral 740.50p 900.00p 920.00p Reiteration
27-Jan-12 UBS Buy 758.00p 1,130.00p 1,070.00p

920p and 1070p

Price now 708p so a lot to go for.

hmm ..... 730 could be quite a hurdle as it is where 200 dma lies and 25 dma is close to reinforcing same

30 odd points on the spreads isnt too be sniffed at cyners. If the report on thursday is positive 730p could be blasted out of the way.

And theirs the iron ore angle.

In fact i was sent a free tips sheet refering to this. I will get it from another room and post. cheers.

Here we are SCSW......

extract........

But it isnt just the Gold price that
is intriguing investors. Finally it
looks like payday for the 66.6% owned
Iron Ore subsidary, which is listed
in Hong Kong. earlier this month, it
announced that Iron Ore targets were
exceeded at its Kuranakh mine with
production of the millionth tonne of
Iron Ore concentrate.

POG storming along this morning, resource report thursday.

As Meyer of Fairfax says Petropavlovsk is a sitting duck to be bought out at these levels.......come on down Polymetal, Polyus or Severstal and get 680k ounces of gold pa, and 66pc of the biggest new iron ore project, 5m tonnes per year with 50 years reserves, right on the chinese border.

As Meyer of Fairfax says Petropavlovsk is a sitting duck to be bought out at these levels.......come on down Polymetal, Polyus or Severstal and get 680k ounces of gold pa, and 66pc of the biggest new iron ore project, 5m tonnes per year with 50 years reserves, right on the chinese border.

i hold these anyway, but the chart indicates caution for other than a quick profit (you hope!) .... as you will note, sp recently surged through 200 dma, only to fall back again quite quickly

We here for profits cyners. dont forget.

From IG INDEX (wasnt showing yesterday).

proxy for short selling etc....

Client Sentiment

LONG 99% of IG clients with open positions in this market expect the price to rise

1% of IG clients with open positions in this market expect the price to fall

(updated every 15 minutes)

European Metals & Mining
Stock Rating: Neutral
Target Price: 910p
POG.L (698p)

Tyler Broda, CFA - NIplc
+44 20 7102 4770

Although well flagged, we believe that Petropavlovsk’s 2012 resource statement may provide an uplift to production and NPV estimates
Over the past three years, mined grades at the Pioneer mine have fallen and the remaining ore reserves (~18mt) are well below historical grades. Most of the ore discovered in previous years has been refractory ore and will be processed through the Pokrovskiy POX hub, leaving Pioneer under capacity in the near term.
However, following a c. USD 80m exploration campaign in 2011 focused on Pioneer, a recent indication by management that the construction of an additional milling line is being brought forward to 2012, and management’s indication that the non-refractory Pioneer mine life is to be extended to 2016, we believe that the resource update on 23 February will provide positive news on Pioneer production potential.
We are upgrading our recommendation to Neutral as the probability for NPV uplifts from additional high-grade Pioneer non-refractory material could see short-term outperformance
Despite the fact that this information has been disclosed (in mosaic fashion), we believe that the size and impact of higher grade ore sources at Pioneer is underappreciated by the market (as seen by overall flattish performance since the Q4 results, which announced the capex changes).
The potential for POG to bring forward high-grade ore could materially enhance near-term estimates. We have run a scenario analysis boosting our milled grades at Pioneer to 2.5g/t (in line with past levels) for 2013 and 2014, which increases our 2013 Group production by 12%, 2013 EBITDA by 25% and moves our NPV from 1229p/share to 1299p/share. To reflect this upside potential, we have raised our target price from 860p to 910p.
Caution remains for longer-term outlook for the group
We continue to believe that POG has more risk than peers. Higher net debt, POX hub execution risks and persisting Russia risks mean that we favour other gold stocks in the long term. But we see a clear upcoming catalyst that could increase NPV and provide short-term outperformance.

Never mind the new 910p projection, a steady 860p,
the earlier TP, would be welcome.

but don't overlook ....

Caution remains for longer-term outlook for the group
We continue to believe that POG has more risk than peers. Higher net debt, POX hub execution risks and persisting Russia risks mean that we favour other gold stocks in the long term. But we see a clear upcoming catalyst that could increase NPV and provide short-term outperformance.

Technicaly we could be looking
at a significant SP rise on the cards
here if the Results turn out positive
on thursday.

Medium Term Outlook



Longer Term Outlook

i am very happy to hold a position here but was not inclined to add for reasons stated earlier

Bonus then cyners.

yes indeed ..... good to see something blue today alongside PFC and TSCO (just!); even GKP was red for the first time in a while! ..... am marginally tempted to buy some more though i technically already have "full quota"

In TSCO myself. A lot of negative sentiment about but itl overcome it.

Fantastic results beat forecasts easily.

despite its recent sharp rise, even sp has not fallen away on the news as might have been expected