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

cheers GF.

Note from SP Angel broker today:
"Petropavlovsk released an FY trading update in January so most of the headline numbers are not news – 710Koz gold production attributable (up 13%), revenues of US$1.4b based on a US$1,670/oz gold price and operating cashflow of US$270m (although that was guided for US$230m).

EBITDA was US$487m but after accounting for larger interest and tax charges, a financial loss and a number of exceptional write-downs, there was a 2012 FY loss of US$244m or 85c per share. Adjusted for the US$345m write down, profit was cUS$100m, in line with consensus expectations.

The debt position is cUS$1bn, in line with the same point last year.

Petropavlovsk is going through a transformational phase which should result in it becoming a larger producer, including of refractory ores. 2013 is the final year of major capex and net debt should be at current levels at year end.

From then on interest payments will fall and the balance sheet strengthen quickly, with the main risk (other than gold prices) probably commissioning and efficiency of the new refractory process. Given the effort (R&D investment) Petropavlovsk has put into the refractory business and its strong technical partner Outotec, we think the floation and POX plant will be a success. Production is guided for 760-780Koz in 2013."

sp in freefall atm.

seems to have been that way for a long time

All out today.

Westhouse Securities Buy 205.15 440.00 365.00 Retains
Societe Generale Buy 205.15 470.00 470.00 Reiterates
JP Morgan Cazenove Overweight 205.15 420.00 460.00 Reiterates

time to buy? or are the shorters going to win?

they've been winning for an awfully long time ... this is always the trouble (likelihood) when a stock falls from grace

.

Just gone long here.

Any target in mind? Miners out of fashion atm with lots of broker downgrades, though arguably now at fair value.

Just joined you Skinny.

240 initially - stop @180.

I bought @200.1, so potential yield @6% (if held).

RSI & MTM both turned up.

Who are they?

Relative Strength & Momentum on the chart above.

gone into kaz instead of pog, as kaz has a 12p div coming up on the 24th.,.

Time to add again.

Societe Generale Buy 198.35 208.40 470.00 275.00 Reiterates

IRC Q1 2013 Trading Update
Petropavlovsk PLC (the "Company") is pleased to confirm that IRC Limited ("IRC"), has today announced its Q1 2013 Trading Update.

Key Highlights:
* the completion of the subscription by General Nice Development Limited ("General Nice") of 817,536,000 new IRC shares at a subscription price of HK$0.94 per IRC share;
* Increased production and sales at Kuranakh, resulting in a record-breaking quarter;
* On-going implementation of cost-saving measures and efficiency gains at Kuranakh and across the Group; and
* 2013 full-year production targets re-affirmed.

http://www.moneyam.com/action/news/showArticle?id=4572687

Q1 Trading Update