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

cheers GF.

Up we go again.

Nearly at the 12 month high...again! (7.55p mid currently)

Enter the Dragon....


http://news.goldseek.com/GoldSeek/1461093642.php

The move has a basis, good news behind it. IRC might have a positive value now against liability in January.

Blimey!......7.6p

2mln buy in a matter of second. So far 8mln more buys than sells over the last two days.

Has broken through the 8p barrier which is good news!

Well, for a nano second I think it touched 9p!!!!

Miners all doing well today. Hoping for 9p again.

11p is likely in near term

I was being a bit more cautious, but 11p would do me fine!

Goldman Sachs > 3%

It seems that they sold at 8.3 and bought back above 7.5p.

Update on Transactions
On 28 April 2016 Petropavlovsk PLC ("Petropavlovsk" or the "Company" and, together with its subsidiaries, the "Group") announced that it had entered into an agreement (the "Agreement") with Russia's Alliance Mining Group ("AMG") and Lexor Group S.A. ("Lexor" and, together with AMG, the "Contributors") to acquire Amur Zoloto LLC ("AZ"), an established gold company with production and development assets in the Khabarovsk region in the Far East of Russia (the "Proposed Acquisition").
Today the Company announces that, as part of its discussions with its major shareholders on the Proposed Acquisition, both it and the Contributors have agreed with the Group's largest shareholder, Renova, to discuss the possibility of amending the Proposed Acquisition to include the acquisition by Petropavlovsk of Renova's gold assets in Kamchatka, Far East of Russia ("Kamchatka Gold").
Kamchatka Gold was established in 2002 and has a substantial gold resource base in the Kamchatka Region in the Far East of Russia, an area of strategic interest to the Group. The company pursues a strategy which focuses on integrated mine development with implementation of geological exploration, construction of mining and processing facilities and creation of transport and energy infrastructure.
The Board believes that, whilst further analysis of these assets will be required, the addition of Kamchatka Gold may be an attractive opportunity for the Group, and accordingly Petropavlovsk, the Contributors and Renova have agreed to undertake further three-way talks to see whether amended terms for the Proposed Acquisition that will include the acquisition of Kamchatka Gold can be agreed between the three parties. If amended to include Kamchatka Gold, the Proposed Acquisition would be a related party transaction for Petropavlovsk under Listing Rule 11, because of Renova's shareholding in the Company.
The proposed joint venture with Limited Liability Company GMD Gold in relation to the Pressure Oxidation project, which was also announced on 28 April 2016, is unaffected by today's announcement. Its implementation remains subject to shareholder approval.
Commenting on the announcement, Peter Hambro, Chairman of Petropavlovsk said:
"We welcome the constructive engagement of Renova and look forward to establishing whether an attractive amended transaction involving our acquisition of both AZ and the Kamchatka Gold can be agreed and put to Petropavlovsk's independent shareholders for approval."
Alexey Moskov, the Chairman of the Executive Board of the Renova Group, added:
"We believe that, in the case of its implementation, the contemplated transaction will enable Petropavlovsk to advance its strategy to further grow its resource and production base, which we support as a substantial shareholder, and benefit all shareholders of the company."
Musa Bazhaev, the Chairman of Alliance Mining Group, commented:
"We welcome the opportunity to enter into three way discussions with Petropavlovsk and Renova. All parties recognise the considerable consolidation opportunities in the region and we look forward to continuing the constructive dialogue."

Just refuses to go any higher at mo! Very frustrating. I know if I sell it surely will!!!

Another good trading bounce. The dip below the 200 DMA worried me, so missed it this time.

Refinancing update


Petropavlovsk PLC ("Petropavlovsk" or the "Company" or, together with its subsidiaries, the "Group") today issues an update on its discussions with the Group's Russian lenders.

As announced on 28 September 2016 the Company has received major support from its Russian lenders, Sberbank (c.75% of total bank debt) and VTB (c.25% of total bank debt) to extend the maturity profile of the Group's facilities to 2022, subject to certain conditions, with a back-ended repayment schedule to match the Company's production schedule.

"As part of this process Sberbank has deferred the repayment installment of principal due under its facilities on 31 October 2016 to 20 December 2016. VTB has informed the Company that it is working towards execution of the necessary documentation, and satisfaction of all necessary Conditions Precedent on Monday, 31 October 2016.

"The Company expects to be in a position to confirm details of the refinancing shortly."

New highs today.

Depends on your timescale!