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

cheers GF.

not hugely, and it's a company i like in a sector i like .... also bought back at a fair bit less than i sold

still in at 10.67p so remain in profit.

well you know me .... i tend to trade, though rarely on a day basis ..... i haven't bothered to look, but i too must be well in profit on this stock too

btw, that was a great ride down to b-on-a .... and very glad i didn't pay the bill at the harrow at little bedwyn - my m8 owed me as i paid for 4 of us last time; we demolished that debt between the 2 of us - oink, oink!

Ah yes, couldn't make it...making hay whilst the sun shone.,.

From yesterdays' Telegraph
Evolution Securities slapped a "buy" rating on the stock.Charles Keriot,an analyst at Evolution,said:"We believe that Petropavlovsk is on track to start productionin the Kuranakh iron ore mine shortly and that the Malomir gold mine will also commence production in the second half.This should lead to a marked second half uplift in earnings."

Off topic, Goldfinger.

Whats your view on the reason for the fall of MML now that the oz mining tax , philippino politics and the recent dip in gold price can be discounted in my view. Which only leaves the delay in listing on the main market.

ps also eco concerns on expanding mining and anti weston terrorist groups

From this week's Shares Mag:
"When we tipped the gold producer at 11.97 (Plays, 1 Apr) we thought the company had turned a corner and was set to cast aside its reputation for missing production targets and disappointing investors. Last week's trading update (22 Jul) would initially suggest Petropavlovsk (POG) has slipped back in to bad habits, since first-half gold production was lower than market expectations at 166,300 ounces. The 2.1 billion cap subsequently lowered its full-year estimate to the bottom end of its previously forecast range of 670,000 to 760,000 ounces. We remain buyers of the stock since value has yet to be realised in its iron ore assets although we may look to lock in profits on any gold price-related rally. The company believes it will meet the full-year target but there is little room for error. Its third mine, Malomir, should start production next month. The Indian gold-buying season is almost upon us and rising precious metal prices could help to make up for reduced production volumes in order to meet profit forecasts."

Hello Harry
Unfortunately,the stock has fallen a further 90 pence in the past week. There are ,it seems, other factors entering into the equation and the trend line has been broken. If you look at the PE , however,I expect that POG is easily the lowest in the sector. This alone should suggest a big rebound is on the cards.

Just got a positive write up in the Daily Express

http://www.express.co.uk/money/view/193300/Peter-Hambro-still-has-Midas-touch

POG seems to have broken out of their nosedive- up 75 points this week so far.
They must represent the best value in the sector(or close to it at any rate)

Black Rock have increased their holding in POG to over 16%.

I wish I could figure out what is going on with POG --up and down like a yoyo (51 points today,though the trades suggest a positive bias)

and broker recommendation,,,, buy buy buy

From yesterdays' Sunday Telegraph

Petropavlovsk

10.18

Questor says BUY

RECENT news on gold production from Russian-focused miner Petropavlovsk was disappointing. However, its interim results statement next week could be very interesting.

Questor reckons we could hear news on a Hong Kong listing of the group's iron ore business. It is also likely that the company will raise further funds as the shares list in Asia.

Blackrock, the world's largest asset manager, has increased its stake in the company's voting shares to just over 16pc. At the middle of June the group had about 12.5pc of the company.

Last week, analysts were speculating that Petropavlovsk, which used to be known as Peter Hambro Mining, would keep a 51pc to 75pc stake in the flotation of its iron ore business if a listing is unveiled.

The sale of a small stake for $60m (38.5m) in June implied a valuation of $860m. The flotation is likely to value the business at much more than this.

In its recent production report, the company reiterated that it would hit the low end of its 2010 production target of 670,000 to 760,000 ounces. In the second quarter, the group produced 101,000 ounces, so production for the half year came in at 166,000.

This means that there needs to be a substantial ramp up in production in the second half in order to meet this target. However, with new production coming on stream, analysts are expecting that the company will have an exceptionally strong fourth quarter.

The shares are trading on a December 2010 earnings multiple of 10.7 times, falling to 8.6 next year. This is very low for a gold miner, reflecting the fact that most of the operations are in Russia the so-called "Russia Risk discount" and disappointment in the past.

The potential value of the iron ore business, which admittedly needs a lot of development, is not really in the price yet.

The group has already secured a 10-year loan from Industrial and Commercial Bank of China for 85pc of the funding for the first phase of the project, which is expected to cost in the region of $400m.

Petropavlovsk's iron ore operations are in Russia not far from the border with China. Once a bridge is completed across the Amur River, it can be delivered to Chinese steel mills by train very cheaply.

The shares were first recommended as a buy on July 21 last year at 626.2p and they are now 63pc ahead compared with a market up 16pc.

The shares are still trading at a sharp discount to the rest of the precious metals sector.

Questor believes that news on Thursday could be positive and reckons investors should buy the shares ahead of the statement.

However, the shares are likely to remain volatile because of the risk discount associated with Russian companies

well Questor got it wrong as as far as i can see the figures were shit - yet again!

LONDON, Aug 26 (Reuters) - Russian miner Petropavlovsk said it lowered its gold production target range for the year.
The company cut its gold output guidance to 636,500-670,000 ounces for the year from the previous range of 670,000-760,000 ounces.
"Looking forward to the remainder of 2010, at the present time we are not expecting a material shortfall, more than 5 percent, in achieving our base case annual production target," Chairman Peter Hambro said in a statement.

Last month, the miner said it expected annual gold output to be at the lower end of the previous guidance after producing 166,300 ounces in the first half.

==================

absolutely disgraceful!
POG lowered it's expectation only a month ago to 670k ounces, so to lower it yet again just a few weeks later is !!!!!!!!!!!!!!!

..and if you want any evidence of a ridiculous market,

the sp goes up!!

bear closing i guess as sp has taken quite a beating in recent days, though the books are evenly balanced

I knew you were going to say it was already in the price...

:-0

i didn't say that at all! .... i said "bear closing"!