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

cheers GF.

Over 6.5p!!!.....Hope that hasn't jinxed it!

Still hanging in here, in danger of getting a nose bleed.
2517

Over 7p!

Barchart Opinion

Another to poss look at is AMC gone bonkers at the mo, got them at 3p now 40+p

Might see the gap start to close in earnest.....hopefully.

With this Greek crisis :....gold producers might benefit as investors try to shelter from a euro crash.....

gold to crash according to amanda at shareprophets..you know women are always right

Canaccord Genuity Speculative Buy 7.14 10.00 12.00 Reiterates

I saw the Prudential had quite a substantial stake in POG. Presumably they are reasonably confident in making money at this level.

Nice closing price. Maybe the gap will be closed after all!!!!..........Everything crossed!

Petropavlovsk: A phoenix from the ashes?

How often does your barchart page update please skinny? Still showing Friday data at mo. Presumably it's a once a day update, progressively moving forward?

It looks like it Harry.

currently 7.43/7.50 = down 0.29p

Hoping for the gap to be filled in the chart above, Mr C.

Open Offer

Petropavlovsk PLC wishes to notify that IRC Limited ("IRC") has today announced it plans to raise approximately HK$408 million (approximately $52.6 million) by way of an open offer of shares to Qualifying Shareholders.

Further details may be found in the announcement of IRC Limited, available on its website www.ircgroup.com.hk

As its going so well, I've added a few more today.

Trading Statement

Peter Hambro, Chairman of Petropavlovsk, said:
"During the period, we maintained our focus on increasing efficiencies, controlling costs and maximising positive cash flows. In the lower gold price environment we are aiming to maximise cost benefits. Crucially, the recent volatility in the price of gold highlights the value of our increased production flexibility."

H1 2015 Highlights and FY 2015 Outlook

· Costs
o Significant decrease of preliminary Total Cash Costs ("TCC") in Q2 at Pioneer and Albyn - two major producing entities of the Group
§ Pioneer TCC of c.US$550/oz when processing 1.1g/t vs c.US$650/oz in Q1 (a reduction of c.15%)
§ Albyn TCC of c.US$600/oz when processing 1.2g/t vs. c.US$950/oz in Q1 (a reduction of c.37%)

· Net Debt
o c.US$234 million reduction in net debt (preliminary) as at 30 June 2015 to c.US$696 million (preliminary unaudited) compared with c.US$930 million audited net debt as at 31 December 2014
o Reiterated 2015 year-end net debt guidance of c.US$600 million
o Reiterated net debt:EBITDA ratio target of 1.5:1, though production plan provides sufficient cash flows for a scheduled senior bank debt repayment by the middle of 2018 and repayment of US$100 million Convertible Bonds in 2020
o The Company is trading comfortably within bank covenants

· Production
o H1 2015 total gold production of 240.2koz, in line with guidance
o Increase in high-grade ores reserves accessible for open-pit extraction in 2015/16 at Andreevskaya (Pioneer)
o Petropavlovsk maintains capacity to achieve FY production of c.680koz but will maintain flexibility in output in order to minimize operational expenses and maximise cash flow in low gold price environment
o Tactical decision on absolute levels of production will be taken during the next six months to achieve the optimal cash flow generation and net debt repayment by potential exclusion from production of marginal ounces from Malomir and Albyn

· Gold sales and hedging
o Physical volumes of gold sold of 229.7koz
o Average realised gold price of US$1,221/oz
o Positive effect of US$11/oz from the Group's hedging position
o As at 30 June 2015, the Group had outstanding hedging contracts for 75.0koz of gold at an average price of US$1,201/oz

· Capital expenditure ("Capex")
o The Group reiterates full year target of US$35 million in total Capex

· Exploration
o New deep drill holes at Pioneer confirmed the continuation of high-grade gold mineralization to depth. Group continues to assess plans for underground mining
o Further promising exploration results from non-refractory mineralisation located near the ore processing plants at Pioneer, Pokrovskiy and Albyn

FY 2015 Outlook
o The Group issues improved TCC cost guidance of c.US$600/oz, down from US$700/oz previously, due to continuing success of efficiency programme and revised production schedule
o Reiterates 2015 year-end net debt guidance of c.US$600 million, due to strong anticipated cash flows in H2
o The Company reiterates FY production capacity of 680koz but stresses that this may not be optimal from a cash generation point of view

· IRC
o Prospectus issued for fully underwritten rights issue of HK$408 million on the basis of 4 offer shares for every 15 held. Petropavlovsk has undertaken not to apply and its holding will be decreased to 35.83%

D. E. Shaw & Co., L.P. & D. E. Shaw & Co. (London), LLP now have 12.1% of voting rights (combination of CFD & Convertible Bonds).
Seems they are happy to hold and increase........I assume with confidence of the industry eventually turning around?