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

cheers GF.

you'll have skinny crying harry.,.

None of the brokers seem to have a clue with this one! If I wasn't already in, I certainly wouldn't be buying, but as I am, it's just a case now of trying to average down, hopefully when the sp is trending up.
I think skinny is already crying over his new Windows 8! Don't suppose POG will upset him too much in the short term, but they need to pull their digit out and at least offer us a decent divi to offset the naff sp.
How am I keeping? As I don't spreadbet, all my efforts go into chosing stocks for ISA & dealing. The ISA is fine, with less risky stocks and decent yields. The dealing account is getting through far too many red ink cartridges for my liking!

My bum trade of the year (so far) - hey ho!

Petropavlovsk PLC ("the Company" or, together with its subsidiaries, the "Group") announces that the Group has entered into hedging arrangements to sell 96,000 ounces of gold over a period of three months ending in June 2014 at an average price of US$1,408 per ounce. This represents approximately 55% of the Group's forecast production for the period.



These arrangements are in response to the volatility in the gold price, which the Company will continue to monitor, and are in addition to the hedging announced on 15 February 2013. These arrangements do not reflect the Company's view of the likely future course of the US$ gold price

Gold prices are up some 40 bucks over the last couple of days. Not that you'd notice with POG !!

Skinny, could you post the gold chart you've posted
on the Greystone Traders' thread here, please. Chessplayer
makes a good point.

AGM 11th June might be interesting.

On average, POG has secured around 50% of revenue at average gold price $1613.
If it was 100% of its production at $1613, POG share price would be at least 280.


What do you think?

Amazing - today.

Westhouse Securities Buy 124.70 285.00 275.00 Retains

Canaccord Genuity Buy 124.70 510.00 510.00 Reiterates

May declared short interest is now 5% of stock, from only 1.5% short at the end of march.

perhaps brokers are taking into account POG's net asset value which appears to be around 500p.

Hedging and POG

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/10071998/Risk-of-vicious-circle-for-gold-as-hedging-returns.html

I suppose that the TP will meet the actual price at some point!

Canaccord Genuity Buy 127.80 510.00 340.00 Reiterates

Check out almost any mining stock and the broker has a buy recommendation. Yet they are all going down !!

The question that needs to be asked and answered is "what the hell is going on ? "

Why are they saying BUY, but SELL is what is happening ? There is a story here, but what is it ?

POG exdiv 2p on 26 june.,.

Norges Bank > 7%

.

Canaccord Genuity Buy 128.40 340.00 340.00 Reiterates

Westhouse Securities Buy 128.40 275.00 275.00 Retains

On the up for 2 days in a row. WOWee !!