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

cheers GF.

It's a near perfect H&S pattern RF, neck line is at 9, usually a very reliable pattern. Self-fulfilling prophecy

Question is, where to if the sp stabilises at 900p? Further weakness in gold would not be good for the POG price & also tightening of the chinese market for iron ore is bad news, but maybe the divi (payable on 30 March 2010 to shareholders on the register on 26 February 2010) will be a short term attractive lure.

With gold coming down at the mo,all the gold producers have been hit, and market turmoil over the banks hasn,t helped.Hang in there must be best .

But 1025p support has been broken, looks like more downtrend to come.

For what it is worth, in heavy trade (3.5 million shares) there has been more buying than selling.It looks like we are now at the 6 month trendline,so upward movement is needed.

Investors reported to be very unhappy with the timing of the Bond Issue, but summary of broker note from Investec:
"They are raising the bond because they can - cheap money and long term (they will not take up the bank facility they negotiated in December). Two objectives - one is to lock in cheap long term money to avoid any repeat of the credit crunch pain they faced last year. Second is to have cash ready for a Gazprom deal. Nod and a wink that there are several deals on the table with Gazprom and this is the primary use of the money but they cant really give more details yet. So another example of a good deal that is poorly communicated and has a negative short term response - this is a good buy I think when the market gets over today and thinks about the implications of this cash opportunity."

Overall,market down 80 = panic reaction.

Chess
I assume this is a SETs or SETsMM stock in which case the buys / sells will be misleading to say the least. Many traders will be selling at the Offer and buying at the Bid via DMA

Thank goodness it seems to be back on the up after a fall of some 400 points. This stock is rated one of the top 2 punts in its sector,so lets hope it starts to act like it!

i hold these, but actually topped up on RIO in preference this morning as i felt that had more immediate upside

POG has taken a battering lately. Perhaps news like this will help.



RNS Number : 0515H
Petropavlovsk PLC
12 February 2010







12 February 2010





Appointment of Dr. Graham Birch as Non-Executive Director



Petropavlovsk PLC announces that Dr. Graham Birch has agreed to become a Non-Executive director with immediate effect.



Dr. Birch recently retired as Head of international fund manager BlackRock's successful natural resources team, where he was responsible for some $40 billion of assets. He has been well known to the mining industry as manager of BlackRock's World Mining Trust and Gold and General Unit Trust. Dr. Birch was a Director of BlackRock Commodities Investment Trust plc until 2009.



Dr. Birch aged 49, gained his PhD in mining geology at Imperial College, London and worked at Kleinwort Benson Securities and Ord Minnett/Fleming Ord Minnett before joining the highly regarded, late Julian Baring at Mercury Asset Management in 1993. Together they launched a number of mining and natural resources funds which are today among the largest such funds in the world. In 1997, Mercury Asset Management was acquired by Merrill Lynch Investment Managers which was itself eventually acquired by BlackRock in 2006.



As a Non-Executive director of Petropavlovsk, Dr. Birch will serve on the Audit, Nomination and Risk Committees.



There are no other details to be disclosed in relation to Dr. Graham Birch in accordance with Listing Rule 9.6.13.



Peter Hambro, Chairman of Petropavlovsk, commented:

"We are very fortunate that Graham has agreed to join the Board. His experience of our industry is exceptional; not least because he and the team he worked with have looked in depth at many of the most significant mining enterprises in the world. Based on that knowledge, he has gained an excellent track record of identifying those companies with the greatest potential for success. It is an honour that he has now chosen to join our team and I greatly look forward to his contribution."



Enquiries:



Petropavlovsk PLC

Alya Samokhvalova

Charles Gordon

Rachel Tuft


+44 (0) 20 7201 8900



Merlin

David Simonson

Tom Randell
+44 (0) 20 7726 8400






Note to Editors:

Petropavlovsk PLC, which produced 486,800 ounces of gold in 2009, is Russia's third largest gold producer.










This information is provided by RNS
The company news service from the London Stock Exchange

SP recovering strongly today,up nearly 50 points,but still down 25% from highs. Gold price recovery must be helping,now back over $1100.

perhaps someone is waking up to the fact that POG also has very considerable iron ore assets ...... almost tempted to buy more, though prudence says i should not as am already o'weight here

A lot of upside today. Currently up 9%

.

says it all .....

.

no!

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m
Lol!
its called brevity,
regards
jkd