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

cheers GF.

classic example of "sell on the news"

Not far from the bottom now. Tempted to add once it goes sub 550p.

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I'm not totally convinced, but it is difficult to guage historically where the bottom is, because POG is an amalgamation of Peter Hambro mining & Aricom, so we can't compare like for like. I can't see any reason for the sp to drop to 2008 recession levels, so ideally the two year low is a reasonable guide.

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I wouldnt be surprised if POG were to plunge even further first thing tomorrow morning after the FOMC minutes in the US this evening making QE3 seem less likely.

I may be tempted to buy soon as these prices seem too good to resist.

It's a real bargain... 510p.

Just had a small punt here @506 - out @495.

Good move

The trouble with 'real' bargains is, a few hours or even minutes later,
the same bargains give way to even better bargains. With POG it
seems to be a case of never-ending bargains!

Bought stock at 507p. Happy to now wait for the trend to reverse.

It will be back to £10 soon when jitters set in.

It's unusual for you to be so positive on a stock, hlyeo! Presumably closed your short? ;o)

Nomura has cut its target price for Petropavlovsk from 910p to 735p and maintained its neutral stance on the stock, saying that the gold miner still remains in a transition phase.

The broker notes that Petropavlovsk's full-year results (2011) came in ahead of expectations. "However, this positive was short-lived as longer-term expectations for the group have been refocused on the increasing POX hub and IRC [65.6%-owned subsidiary] contributions to profitability and extremely high headline cash cost inflation levels for FY12," Nomura added.

HC: I think you did right at 507. I waited a while and got
some for 495 yesterday. The 'worst' may be over for now but
what do I know. POG is like fog!

i get timing right on this bugger as often as i used to with wos - i.e. never!

Interim Management statement:
"Outlook
· The Group remains on track to achieve its target of 680,000oz of attributable gold production in 2012. This target does not include the effect of planned expansion at Albyn and Pioneer;

· It is expected that Group production will, as per usual, be weighted towards the second half of the year, due to additional output from alluvial and heap leach operations.

Dividend
· On 27 March 2012, the Directors recommended a final dividend of £0.07 per Ordinary Share;

· Subject to shareholder approval at the Annual General Meeting, to be held on 31 May 2012, the dividend will be paid on 26 July 2012 to shareholders on the register as at close of business on 29 June 2012.

Full report:http://www.moneyam.com/action/news/showArticle?id=4347472

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/9197417/Gold-to-hit-2000-on-Spain-fears.html

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