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

cheers GF.

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"!

well you nearly did ....

lol

well i nearly went short of BP the other day too - but i didn't and went long and got singed!!

However, a big increase in second half production and a new mine coming into operation.
Also, the" Russia Risk" discount is way over played on the PE ratio.

for all that, POG management has a very bad record for not meeting its projections ..... that no doubt goes quite a long way to explain the share's consistent underperformance - mirrors the management!

I got all over come when brokers suggested 17 soon, not long ago.,.

Some sort of recovery must be on the cards,after a drop of 20 plus%.
I see gold price is again on the up,approaching all time highs.

chess - must it? ..... it depends how forgiving the market chooses to be

Gold at $1258. A new all time high.
Should be good for gold miners.

Evo Securities note out today:
"Petropavlovsk has moved much closer to realising its goal of a Hong Kong listing for its iron ore operations. This is now expected to be completed in October, subject to final approval from the Hong Kong Stock Exchange and that the company raises the required amount of money at the right price. Given the sale of a stake in the division for US$60m in June we believe that pricing will be relatively straightforward and that the scope for considerable future growth in production and earnings will enhance demand. We view this as good news for Petropavlovsk.
We think the listing is important for three reasons. First, it raises cash for the separate development of the iron ore operations which will not now be dependent on the parent company for funding. Second, the Hong Kong listing will raise the companys profile in Asia where its key customers are located. And finally, it leaves Petropavlovsk as a pure-play gold producer with scope for a rerating.
Indeed, our 1410p valuation of Petropavlovsk as a stand-alone gold producer is, considerably higher than the current share price. On top of this, we expect that it will retain a stake in the iron ore operations which will be much easier to value from its daily share price quotation. We believe that it provides considerable scope for a rerating and strongly reiterate our Buy recommendation."

sp has been really motoring for the last couple of days and at long last the chart is looking good too

Not the greatest performer over the last 12 months. Tradeable, but would be disappointed if holding. Will be interesting to see how the split of the iron ore business affects the sp. With gold being at such a high atm, the sp should benefit.

Very disappointing,given all the hype for POG.
May be some explanation,but what?

it has to be something to do with their flotation in HK, but don't understand nevertheless ..... shares am just contrary!

Yes I quite agree. Yesterdays news on that subject went down like a lead balloon.The funny thing was,the HK float was supposed to be positive.
Especially with gold at new all time highs. ($1315)