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

cheers GF.

sounds nasty, but no idea what was expected ......

Russia-focused gold miner Petropavlovsk said on Thursday its first half net profit fell 90 percent, year-on-year, to $11 million due to higher interest expenses, but forecast its profitability to improve in the second half of the year. It posted a record revenue for the period of $546.8 million - a 15 percent increase compared to the first half of 2011. Petropavlovsk also reiterated its full year production target of 700,000 troy ounces and said that scheduled increases in production in the second half of 2012 were expected to significantly improve its profitability

Wrong thread!

pog = diageo???????????

no shit sherlock!

http://www.moneyam.com/action/news/showArticle?id=4431692

Half-Year Report for the Period Ended 30 June 2012

Petropavlovsk PLC ("Petropavlovsk", the "Company" or, together with its subsidiaries, the "Group") today issues its Half-Year Report for the period from 1 January 2012 to 30 June 2012 ("H1 2012" or the "Period").

Summary
* Total attributable gold production for the Period of 279,100oz, up 27% on H1 2011 (219,100oz);

* 7% increase in gold sold (to 286,074oz) and 13% increase in average realised gold sales price (US$1,639);

* Record half-year revenues of US$546.8 million, up 15% versus H1 2011 (US$475.1 million);

* Total cash costs for hard-rock mines (excluding Albyn during its ramp-up phase) of US$697/oz, only 6% higher than in H1 2011 despite inflationary pressures;

* Underlying EBITDA increased by 10% versus H1 2011 to US$204.1 million, EBITDA margin of 37%;

* Operating profit of US$93.8 million (2011: US$152.4 million) and net profit of US$11.0 million (2011: US$108.2 million), principally impacted by higher depreciation charges, effect of foreign exchange and interest expense;

* Net cash from operating activities increased 152% to US$46.3 million;

* Interim dividend of £0.05 declared;

* 1Moz increase in Mineral Resources, despite depletion;

* Pressure oxidation project remains on track;

* The Group reiterates its full year production target of 700,000oz;

* Scheduled increase in production in H2 2012 is expected to significantly improve Group's profitability versus H1 2012.

Unfavourable RNS - not doing well.

about par for the course i'm afraid

Looks like full year production target will be missed next time - 700,000oz too high when H1 only produce 279,100oz. Not good.

Although it states that is unlikely and that full year production is on target (increase in production H2) I tend to agree, as POG are a serial diappointer! Good job the price of gold is so high, otherwise profitability would be dire.

POG is only worth about 300p - overpriced imo

Management too afraid to tell the truth or too unrealistic.

do you therefore hold a large bear position?

just in moderate amounts

in your opinion, are the markets in general heading for another slump?

Well do your own research

he was asking for your opinion, not your research!

exactly so ...... i know my own view and the reasons for holding it .....
hyleo is 99% negative 120% of the time, so i was trying to determine his view and then whether or not he had married money with mouth

So hold it then... I'm sure you got your views and I've mine.

what a douche

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