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

cheers GF.

Ok - I have shares also, so was confused when you said that you had received the shares already.

SP Angel broker note today:
"Total cash costs were $805/oz last year and should come down. $10-$15m of operating and central admin costs were identified when the company updated the market of their business plan.
US$150m of capex had been deferred by year by extending the development of the POX plant.
However, against the tide of sentiment hitting high cost gold producers and a weak gold price investors may not give the company the benefit of the doubt at this stage. Concerns remain that despite moves to protect the balance sheet that the company may still breach its covenants. With potential for write offs the asset side, the balance sheet remains vulnerable. This has now become a recovery stock where the focus will be on absolute cash flow generation to meet interest payments and pay down debt."

Currently (finally!!) up 15.4%.



Canaccord Genuity Buy 80.88 340.00 340.00 Reiterates

Westhouse Securities Buy 80.88 275.00 275.00 Retains

Just when things were on the up.

17 July: POG Canaccord Genuity Buy - TP: 920.00p Reiteration

Skinny, this is different from your post. Which one is right?
Quite a difference!

From here - the clue is in 'reiterates' ?

I got mine from here:
http://www.digitallook.com/dlmedia/investing/uk_shares/broker_views

I prefer yours! :-)

Hmmm - 340 here and its not even Friday.

skin guess which brokers are shorting?

moving up nicely today sp 88p

time to buy .

Have you been away, Tanks. Spent all your money?
Sharm=el-Sheikh?
Gold staging a mini-revival, it seems. RRS, my benchmark,
also rising steadily again.

Trading Statement

Key points

Results

n H1 2013 gold production at 294,700oz, up 6% on H1 2012 (H1 is always lower than H2 due to weather conditions);
n H1 2013 gold sales at 297,100oz, up 4% on H1 2012;
n H1 2013 average realised gold price of US$1,579/oz, including US$84/oz contributed by the Group's hedge arrangements; Forward gold sales outstanding as at 1 July 2013:
- 219,400oz at forward price of US$1,664/oz for H2 2013,
- 145,700oz at forward price of US$1,494/oz for H1 2014
n Exploration success in H1 2013 has identified additional, higher-grade mineralisation near Pioneer, Malomir and Albyn processing facilities; and
n Net debt peaked in March 2013 (at c.US$1.2 billion) and fell by c.US$50 million to c.US$1.15 billion as at 30 June 2013.

Outlook

n Full-year 2013 forecast gold production 760,000-780,000oz reiterated;
n Cost cutting programmes are targeting a 9-12% reduction in cash operating expenses at all mines in H2 2013 compared to the H2 budget and a c.US$6 million reduction in central administration costs for the full year;
n Total Cash Costs per ounce for hard rock deposits ("TCC/oz") for the Full Year 2013 expected to be somewhat better than originally budgeted, mostly as a result of cash operating cost reduction program. However, lower-grade mill feed and high stripping volumes in preparation for H2 2013 production caused H1 2013 TCC/oz to be higher than the projected H2 2013 TCC/oz;
n H1 2013 mining programme has enabled a scheduled increase in head grades through the mills in H2 2013: Pioneer +c.38% (2.2g/t), Pokrovskiy +c.47% (2.2g/t), Malomir +c.57% (2.2g/t), Albyn +c.78% (1.6g/t ) compared to H1;
n POX Hub commissioning delayed allowing the re-balance of capital expenditure requirements with free cash flow in the lower gold price environment. This decision taken in response to a lower gold price environment and is possible because of recent exploration success;
n At today's gold price levels and exchange rates, net debt is expected to be less than US$1.0 billion by year-end; and
n Management reiterates comments in the recent Annual Report, AGM presentation and in its announcement issued on 11 July 2013 regarding the likelihood of substantial impairments in a declining gold price environment.

23 Jul 13 Westhouse Securities Buy 99.75 275.00 275.00 Retain

Canaccord Genuity Buy 104.13 340.00 340.00 Reiterates

What about GS?

This is what Cazenove thinks:
"Gold’s urgency diminished, but LT debasement bull case intact: Recent Fed pronouncements are deemed less hawkish, which amid low global inflation has led many investors to question gold’s relevance and safe haven status. We retain our belief that a tripling in US debt since 2000 and debasement of FIAT currencies since 2009 means the LT bull case for gold remains intact, or at the very least gold’s relevance as a hedge does. Gold opportunists should note that much of the metal flowing out of the ETFs (19.7Moz YTD) has fed rising demand in China and other EMs.

UK gold sector still not cheap despite share price collapses: with most of our coverage universe likely to be loss-making or facing liquidity/solvency issues if current gold and silver prices continue to perpetuity, we struggle to identify fundamental valuation support in the absence of a gold price rebound. This is despite a 50% average fall in share prices YTD. Rising gold equity betas undermine the historic justification for premium valuations for precious stocks, yet we believe premium ratings are appropriate for companies with low beta, high-quality assets and operational capability to cut their cloth according to prevailing market conditions.

FRES, RRS & POLY top picks; avoid POG, HOC & ABG: we incorporate JPM’s recently reduced gold price forecasts into our models, prompting significant downgrades to our base case FY’13/14E EPS. FRES, RRS and POLY can all generate FCF even under further price downside scenario and are our top picks; POG and HOC have differing degrees of balance sheet pressure and are our key Underweights."

GS haven't updated today!