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

cheers GF.

Canaccord Genuity Buy 140.10 137.40 600.00 510.00 Reiterates

Amazing how consensus can differ (nasty oxymoron). The bit "the shares are a buy for the more speculative part of your portfolio" seems about right to me!

Harry - amazing about sums it up, I can't remember seeing so much diverse opinion before.

Was thinking it may be worth having for the divi which is due 26th june (ex) but I see it's only 2p this time. Interim divi is better in Oct.

I've got them via S/B but am thinking of buying a few - hmmm!

Chart forming a nice solid base between 130 - 140p? Lots of things to consider here, not least where you think the gold price is going. Assuming many western economies stay weak for the rest of the year, I can't see gold falling far, but a real shame POG hasn't any other strings to it's bow. Too tied to gold spot price after march 2014.

Canaccord comment today:
"Petropavlosvk shares, in our view, are trading as if the company will sleepwalk into debt covenant test failures. At the current gold price we estimate the group will just creep under its covenants. The company is already showing signs of cost and cash discipline, which we believe will help as management engages with lenders to ease/ waive covenants. Given the hedge in place for 2013/14, we estimate US$1,370/oz is the minimum gold price needed from now to avoid a covenant breach. We also estimate management could realise up to US$40M pa in cost/capex savings and up to US$555M in disposal proceeds. This could allow management to negotiate temporary waivers of its debt covenants, reducing the pressure weighing on the name. POG shares are trading at 5.1 times 2013E and 2.7 times 2014E EV/EBITDA. Our unrisked NAV is 706p, and at spot gold and a 5% discount rate it is 584p. At 0.23 times our spot NAV the shares are the cheapest of the large gold producers listed in London. This highlights the value on offer to investors as management plots its route to reduce debt through 2014 and 2015."

Citigroup Sell 150.15 142.80 141.00 132.00 Reiterates

sp up 9% Citigroup really know their onions!

POG has a very poor record for all sorts of reasons .... as you should know, once a company loses the confidence of the market, it is very hard for it to regain its credibility

Date Broker New target Recomm.
25 Apr Citigroup 132.00 Sell
24 Apr Canaccord... 510.00 Buy
24 Apr JP Morgan... 420.00 Overweight
24 Apr Westhouse... 250.00 Buy
23 Apr Liberum Capital N/A Buy
23 Apr Canaccord... 600.00 Buy
23 Apr Westhouse... 365.00 Buy
23 Apr Bank of... 530.00 Buy
17 Apr Westhouse... 365.00 Buy

Nevertheless, all other brokers are positive!

no one ever believed Cassandra either ..... no, i don't mean rodney's gf/wife!

No you're right, though many of her predictions were correct. She was murdered in the end, having previously predicted the fall of Troy. I hope you are not alluding to any similarities with POG!!! ;o)

cynic recent news from POG confirms production is on target, all gold mining shares have fallen in line with the drop in the gold price caused by short selling, maybe Citi are jumping on the vampire squids band wagon.

harry - your story about cassandra is about as accurate as some of fred's posts! :-)

hali - i'm a holder of these too, but their performance over recent years has been more than tiresome

It was very brief, with many omissions, but not inaccurate methinks!

do i really have to teach you :-) ??

in a nutshell .....

cassandra was the daughter of king priam of troy
she upset apollo who then cursed her with the gift of perfect foresight but also of never being believed
following the fall of troy, she was abducted to become the concubine of king agamemnon of mycenae
clytemnestra, who was agamemnon's wife, then had both cassandra and agamemnon murdered


like i said, you were about as accurate as some of fred's posts!

Hmmm...we'll agree to disagree then cynic. I said she was murdered, that her predictions were not believed, though they were accurate and that she accurately predicted the fall of Troy. I was just hoping that you weren't comparing POG to Troy. A bit of a storm in a teacup! ;o)

about as accurate as a politician's statement then :-)