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

cheers GF.

PETROPAVLOVSK PLC - ADDITIONAL LISTING
Application has been made to the Financial Conduct Authority by Petropavlovsk PLC ('Petropavlovsk' or the 'Company') for the admission of 9,778,332 ordinary shares of 1 pence each in the Company ('Ordinary Shares') to the Official List and to the London Stock Exchange for these securities to be admitted to trading.

The application has been made in relation to the new Ordinary Shares being issued to shareholders in respect of their entitlement to receive 1 new Ordinary Share for every 19.21 Ordinary Shares held on the Register at the close of business on 28 June 2013 pursuant to a resolution of the Company's shareholders at the annual general meeting held on 11 June 2013. It is expected admission will be granted on 25 July 2013 and trading will commence 26 July 2013. The new Ordinary Shares will, when issued and fully paid, rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions save that they will not be entitled to receive the cash dividend of £0.02 per Ordinary Share payable on 26 July 2013.

RBC Capital Markets Underperform 98.75 99.00 150.00 105.00 Retains

grit your teeth and sell into the rally seems to be the best call

I don't recollect the name of the song, but the next line went something like " You don't know how lucky you are !"

Westhouse Securities Buy 97.75 99.00 275.00 130.00 Retains

There you go. Now down on the day. There sure are funny things going on !!

could be the vampire squid at it again.

I wouldn't take these as cast in stone, but some short stats.

POG

Have just received my free shares, though not sure if that is good or bad. I paid nothing for them, but there are now another 9,778,332 shares in issue so I assume the market will correct for the dilution. I also assume HMRC's eyes will light up at the thought of the tax gain when we sell our stock!

Hmmm - I don't appear to have mine as yet!

On edit - yes I do - they have been lumped in with the original , rather than as a separate entry!!

Not quite sure of the purpose of this issue. Presumably to ease the pain for us shareholders by adding more badly performing shares to our existing pile of poo!

don't know whether thats good or not, my kaz is still well down :(

Mind you, with c197m shares in issue, another 9.7m or so isn't going to make a huge difference to the sp.

purpose of share issue was to conserve cash but maintain pay out.

I shouldn't think that there are many mining stocks that haven't suffered badly over the last couple of years. Mind you , I shouldn't think there are many worse than this one !

What makes it worse are the continual buy recommendations as they continue to fall.

Blackrock < 5%

Does that mean they sold all their holding, 16 mln shares?

China H1 gold consumption soars, set to surpass India as top user ...

http://uk.finance.yahoo.com/news/china-h1-gold-consumption-soars-072555155.html

SINGAPORE (Reuters) - China's consumption of gold in the first six months of the year surged by more than half as sliding prices of the metal lured buyers, data showed, reinforcing expectations that the nation will overtake India as the world's top gold consumer this year.

Gold prices have lost about a fifth of their value this year after 12 years of gains, releasing pent-up demand across the world and particularly in India and China, where gold is an essential part of weddings and gift-giving.

China consumed 706.36 tonnes of gold in the first half of 2013, up 54 percent from the year-ago period, the China Gold Association (CGA) said in a statement on its website on Monday.

It consumed 832.18 tonnes in all of 2012 and about 460 tonnes in the first half of 2012.

"China bought a lot when prices fell below $1,350 in April thinking it will not fall further," said Chen Min, precious metals analyst at Jinrui Futures in Shenzhen.

"They bought much more than usual in April and May to meet the need for later in the year."

In April, gold witnessed its biggest two-day fall in 30 years. The metal has recovered after dropping below $1,200 in June, but is still subject to volatile trading and negative sentiment as a recovering U.S. economy stirs worries of a scale-back in the Federal Reserve's stimulus measures.

"China's demand in April and May was unmatched," said one Shanghai-based trader. "They bought more than anyone and were consistent buyers even after prices recovered a little."

China's gold demand could hit a record 1,000 tonnes this year and will overtake India, the World Gold Council said last month.

India's consumption this year is expected to be lower than last year's 860 tonnes as the government is trying to curb imports and reduce its trade deficit.

The Chinese government does not release data on gold consumption or imports. Investors rely on data from trade groups such as the CGA and import numbers from Hong Kong - a key supplier to China - to gauge demand.

"All signs have been pointing towards China overtaking India. Their demand in the second half may not be this high, but they are still way ahead of India," said the Shanghai-based trader.

Chinese consumers would like to see more stability in prices and not just lower prices, which is why Chinese demand is subdued currently, analysts and traders said.

The CGA also said output in China, the world's biggest gold producer, reached 192.82 tonnes in the first half, up 9 percent from a year ago.

(Editing by Himani Sarkar and Muralikumar Anantharaman)

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