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POG CHART. Gold looks like its on the Rise. (POG)     

goldfinger - 06 Aug 2004 16:15

Chart.aspx?Provider=EODIntra&Code=POG&SiChart.aspx?Provider=Intra&Code=POG&Size=http://www.kitco.com/charts/livegold.html

cheers GF.

gold.gif

cynic - 16 Dec 2009 16:18 - 874 of 2076

POG fuck it up again ..... clearly this news was held back until after FTSE100 reshuffle, which they missed out on anyway - and i bet someone had inside info on this too; hence the big drop of 3% the day before the reshuffle

Estimate of attributable annual gold production for the year ending 2009 has been revised downwards * Revised downwards by approximately 6 percent * Actual figure will be approximately 470,000 ounces of gold * Has signed an up to $150 million three year secured term loan facility agreement * Will provide working capital flexibility to allow the group to continue with development plans

Chart.aspx?Provider=EODIntra&Code=POG&Si

Balerboy - 16 Dec 2009 16:32 - 875 of 2076

and the good news is............

chessplayer - 16 Dec 2009 16:38 - 876 of 2076

Yes, definitely not good news. All one can do is to keep a stiff upper lip. Have you ever tried keeping a stiff lower lip?
Bounce back tomorrow. Gold up $25. in the last 24 hours

Balerboy - 16 Dec 2009 16:43 - 877 of 2076

yes gold seems to be rising again but have doubts about it going to 1200$ or over, do you?

chessplayer - 17 Dec 2009 09:23 - 878 of 2076

The word on the street is $1300 in the next year, but who knows,given world instability

chessplayer - 17 Dec 2009 09:37 - 879 of 2076

SP down by 250 from highs. An over-reaction(about 20%)

HARRYCAT - 17 Dec 2009 11:56 - 880 of 2076

Broker note: Charles Cooper ar Oriel + part from Cazenove:
"The company has now resolved the technical issues; however the magnitude of the production miss implies that the company had been aware of this for sometime.
Minimal cost impact, but revenue loss reduces EPS by 12%. The production loss should not impact costs greatly. The landslip at the southern end of the Pokrovskiy open pit resulted in the displacement of around 600,000 tonnes of material that we estimate to cost less than US$1 million to resolve based on standard ore movement costs. Nonetheless the loss in 30koz of gold has resulted in a cut to our earnings forecast for 2009 of around 12%, from 85 c/s to 74c/s mainly a result of lower gold revenues and production.
Planned maintenance work on the SAG mill at Pioneer took longer than anticipated, resulting in lower than expected throughput for the year. At Pokrovskiy, a small land slip in the pit meant mining rates were reduced; some equipment was also brought over from Pioneer to provide assistance, resulting in reduced mining at both operations. We assume that two thirds of the 30koz impact comes from Pioneer, with the remaining 10koz relating to Pokrovskiy. We understand there will be no impact of FY10E production levels and have therefore not made any adjustments to our numbers for next year. Running the numbers through our model implies an 8% downgrade to our FY09E EPS estimate (now 74.7c/share). The impact on our NPV is minimal, falling by 1% to 742p.
Gold prices have lost momentum recently as the dollar has strengthened; nonetheless, we see the broad macroeconomic environment remaining supportive for precious metals over the next few months, which should be sufficient to keep gold above the key $1,000/oz level. In that context, we believe the discount Petropavlovsk trades at is largely unwarranted, particularly given its superior growth profile and we therefore retain our OUTPERFORM recommendation."

cynic - 17 Dec 2009 17:16 - 881 of 2076

i guess 10.00 is a possibility, and it is at that level that i would be a buyer once more

HARRYCAT - 18 Dec 2009 10:31 - 882 of 2076

Just as a matter of interest, why 1000p? Chart support at 1050p'ish, but under that not much before 950p.

Chart.aspx?Provider=EODIntra&Code=POG&Si

cynic - 18 Dec 2009 10:43 - 883 of 2076

nice round number etc!

Chart.aspx?Provider=EODIntra&Code=POG&Si

HARRYCAT - 18 Dec 2009 11:37 - 884 of 2076

Just a whiff if underhand dealing???
"Petropavlovsk PLC (the "Company") announces that it has been notified on 17th December by Peter Hambro, Chairman, and Dr. Pavel Maslovskiy, Chief Executive, of the information set out as follows:

Mr. Hambro has on 17th December disposed of 4,650 ordinary shares in the Company (the "Shares") by way of gift equally to two UK registered charities.
Companies associated with Dr. Maslovskiy have on 17th December sold 2,000,000 Shares at a price of GBP11.93 per Share. The off-market sale to a non-related party at the ten day volume weighted average price is being conducted as part of a portfolio re-balancing and to provide funds for investments in non-mining related activities."

cynic - 18 Dec 2009 11:47 - 885 of 2076

surely you're not suggesting that Dr M actually knew of the production shortfall before he sold?

chessplayer - 18 Dec 2009 13:56 - 886 of 2076

Questor buy reccommendation in todays' Telegraph

Petropavlovsk has plenty of production growth potential
The relentless charge forward of Petropavlovsk (formerly Peter Hambro Mining) shares over the past few months has been brought to a halt by a number of events over the last few weeks.

By Garry White, Questor Editor
Published: 7:18PM GMT 17 Dec 2009

Petropavlovsk

10.55 -22p


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First, the gold price correctly sharply as the dollar started to strengthen. This is probably a healthy thing because Questor felt that the price was rising so fast there was danger of a bubble forming.

Then, against widespread expectations, the shares failed to make it into the FTSE 100. This was caused by the gold price starting to slide the week before FTSE announced its index reshuffle, with temporary power group Aggreko promoted instead.

However, it is this week's news that is the most disappointing. In what one analyst called an unwelcome early Christmas present, the group revealed that full-year gold production would be 6pc below its previous forecast due to problems at Petropavlovsk's mines. The company now expects to mine 470,000 oz of gold this year instead of the expected 500,000 oz.

There have been problems with a gearbox at a processing plant that took longer than expected to repair and a landslip in its open-pit mine at Pokrovskiy, which has had to be fixed. Thankfully, none of the group's workers were injured in the landslide.

However, both of these situations have now been rectified, so they are historic issues. Although disappointing, this is not a disaster and the mines are back working at full steam, although the company could stand accused of over promising and under delivering. Management should take care not to repeat this.

The outlook for gold remains positive. There are concerns that the US dollar will continue to weaken next year and this is positive for the price of all precious metals.

The shares were recommended at 626.2p on July 21 and the shares are now 68pc ahead compared with a market up 17pc. The stance, based on future production growth and Petropavlovsk's iron ore business, remains buy

chessplayer - 24 Dec 2009 08:10 - 887 of 2076

There seems to be a lot of sellers of the stock at the moment. Other gold stocks performing better.

HARRYCAT - 24 Dec 2009 08:44 - 888 of 2076

Possible head & shoulders forming on the graph also.

cynic - 25 Dec 2009 10:04 - 889 of 2076

THE TIMES
Tempus:
Gold will gleam in 2010 but some miners will do better than others (Petropavlovsk, Randgold, Centamin Egypt)

chessplayer - 28 Dec 2009 11:24 - 890 of 2076

I reckon that China is one of the key reasons for this stance on POG. Being right on China,s doorstep and the perceived recovery there. Also,POG has very low costs. I see a big recovery after this latest hiccup.
Another point re China is that they are now big time buyers of the yellow stuff ,with the general population now encouraged to become buyers. Until recent years they were not allowed to buy.

cynic - 28 Dec 2009 11:27 - 891 of 2076

POG's iron ore asset should not be overlooked
that is a very potent positive looking into 2010

HARRYCAT - 28 Dec 2009 12:59 - 892 of 2076

Amazing how all of the Aricom development has been forgotten due to gold being more important than iron ore, but many of the old 'ORE' projects must be now almost complete & running???
"Aug 2008 "Aricom PLC. said it has signed and received relevant formal approvals for the joint venture contract with Aluminium Corporation of China ('Chinalco') to construct a titanium sponge plant in North East China.
Aricom and Chinalco will establish the plant in Jiamusi City, Heilongjiang province, China, with an initial production capacity of 15,000 tonnes a year of titanium sponge"
Oct 2008 : "Aricom the Anglo-Russian developer of mineral resources, notes the movement in its share price today and the announcement yesterday that the Russian and Chinese authorities have reached agreement on a proposal for the construction of the first railway bridge between the countries. Aricom expects that if the bridge is constructed, it is likely to result in a saving of approximately US$4.0 per tonne of iron ore in transport costs."

chessplayer - 30 Dec 2009 11:23 - 893 of 2076

Nearly 3% down but 60% are buys.
Aggravating.Stocks should go up on more buying.
Gotta have a rant now and then!
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