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

cheers GF.

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mnam, it seems your 366 ist fast approaching again.
Second bite of the cherry and who knows,
there may be even tastier cherries coming up.
Trouble is the Pog cherries seem to get sour
in double quick time.

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AGM news release:
http://www.moneyam.com/action/news/showArticle?id=4380760

Slightly worryingly, one of the proposals was:
Increase the Company's borrowing powers
Votes 'For' 112,378,658 - Percentage of votes cast 99.7%

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(Digitallook) UBS has upgraded its rating for Russia-focused gold group Petropavlovsk from neutral to buy on the back of the recent share-price underperformance and weakness in the rouble.

However, UBS has cut its target price from 650p to 630p after lowering its 2012 earnings per share (EPS) forecast by 22% to 104 US cents on the back of increased cost inflation.

.

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Ex-divi 27th Jun '12 (7p)

.

But, still lots of BUTS after having
underperformed massively recently and
a lot of catching up to do for those who
supposedly bought at 'sensible' or 'realistic'
prices only to discover that POG has loads
more bargains up its sleeves. And the euphoria,
on past performance, usually dies down fairly soon. Still
too many false dawns for my liking. However,
one lives in hope.
Is this time for real, is the big question.

.

Quite. I remain a sceptic.
Will stick with RRS.

19 June: TP reduced from 1230 to 1075 by Bank of America but
reiterates: Buy.

25 June: Nomura upgrades POG: Buy - TP: 735p.

17 July: Goldman reitterates 'Neutral'. TP 520p.

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2012 Half Year Trading Update
http://www.moneyam.com/action/news/showArticle?id=4414340

Commenting on the announcement, Peter Hambro, Chairman, said:
"We are delighted to look back on six months of record gold production at our mines, following yet another quarter of strong operational performance. Our track-record of building a successful multi-mine portfolio was strengthened further with the commissioning, ahead of schedule, of the fourth processing line at Pioneer and the second processing line at Albyn. The latter doubles the designed capacity at Albyn eight months after it commenced production. In parallel, our exploration programme is continuing to uncover further non-refractory reserves adjacent to our existing assets, ensuring that our growth trajectory is maintained in the years to come. We look forward to providing a further update on exploration in August.

Our strong performance this quarter supports our upgraded full-year production target of 700,000oz. Work has been progressing well on the pressure oxidisation ("POX") facilities for our planned commissioning at the end of 2013. At the same time, training has been continuing at our in-house facilities for the expert team which will be running the process in the years to come. Our focus for the second half of the year will remain on tight cost control and an increase in operational efficiencies."

Hambro is delighted at the strong performance
but shareholders, who continue to see POG
undeperforming, don't get mentioned in dispatches, of course.
It's a very long way to Tipperary!

POG half-year results for the period
ended 30 June 2012 will be released on
23 August 2012.