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

cheers GF.

StockMarketWire.com
IRC - Petropavlovsk's non-precious metals division before being listed on the Hong Kong Stock Exchange - has announced that the General Nice further subscription and Minmetals Cheerglory subscription did not complete today as planned.

Talks are under way with Cai Sui Xin (the controlling shareholder and chairman of General Nice) and Minmetals Cheerglory about a further deferred completion and other available options.

A further announcement will be released in due course.

why does that sound like bad news?
because it probably is!

Oh dear, sorry skinners. On the other hand KAZ is on way up.,.

I dumped these a few weeks ago - having turned £s to pennies.

Well if Russia can replace Putin and stability returns and gold reverses the recent correction (which I think it is - still in a big bull run in my opinion and now's the time to be buying gold), then this could move sharply higher. High geopolitical risk.

Thanks Skinny, does it go back to the 70's? I'm tucking away a nice reserve in PHGP.

Thanks! Just a correction we've seen in my opinion. Gold probably safer than POG.

Both are safe. I think reward for POG is much higher.

Who would have thought POG sp would end uo like this below CEY sp!

Gold

I got out in the low 60s from somewhere North of a quid - may take another look if it falls much further.

I'm still a CEY sufferer.holder.

Down another 14% atm.

CEY and gold rising.

Statement regarding Share Price Movement

Petropavlovsk PLC (the "Company", "Petropavlovsk" or, together with its subsidiaries, the "Group") notes the recent weakness in the Company's share price and advises the Group is performing operationally in accordance with its strategic plan and budget and maintains its guidance for 2014 total production of 625,000oz of gold. Petropavlovsk's next scheduled market update will be its Trading Update on 22 July 2014 and its Half-Year Results on 28 August 2014. The 2014 Second Quarter Trading Update of IRC Limited will be released on Thursday, 17 July 2014 before the Hong Kong Exchange opens.

The Company is keen to make contact with all the holders of its 4.00% Guaranteed Convertible Bonds (the 'Bonds') due 2015 (ISIN: XS0482875811) and invites them to approach the Company or its advisers.

Something afoot - currently +29.3% on strong volume.

Trading Statement

H1 2014 Highlights and FY 2014 Outlook

· 4% increase in total gold production to 306,400oz compared to H1 2013 (294,700oz)
· 5% increase in gold sold to 310,700oz compared to H1 2013 (297,100oz)
· Average realised gold price of US$1,386/oz includes a US$93/oz positive effect from the Group's hedging position
· As at 30 June 2014, the Group had outstanding hedging contracts for 225,400oz of gold at an average price of US$1,326/oz
· The Group reconfirms its total cash cost ("TCC/oz") guidance for FY 2014 of US$900/oz to US$950/oz (2013: US$1,016/oz)
· The decrease in TCC/oz is mainly due to an increase in efficiencies, a decrease in high-cost alluvial production and Rouble devaluation (a RUR/USD exchange rate of 35 in H1 2014 compared to RUR/USD of 31 in H1 2013)
· As at 30 June 2014, the Group's (unaudited) Net Debt stood at c.US$924 million, a c.US$24 million reduction in comparison with the year-end Net Debt as at 31 December 2013 and a c.US$230million reduction in comparison with Net Debt as at 30 June 2013
· The Group's strategic focus is on a further reduction of its Net Debt
· Further encouraging exploration results from non-refractory mineralisation located near the ore processing plants at Pioneer, Malomir and Albyn
· The Group's production in the first half of July is ahead of schedule
· The Group re-iterates its FY 2014 production guidance of 625,000oz of gold

Hambro on gold fix

July 34: Citigroup upgrades to Neutral but TP slashed from 67 to 42p.