goldfinger
- 06 Aug 2004 16:15
Balerboy
- 08 Dec 2009 10:14
- 861 of 2076
I thought the same a couple of days ago, so inserted it into my small holding.....
cynic
- 08 Dec 2009 10:39
- 862 of 2076
it'll make good company for the pigs, goats and chickens then
chessplayer
- 08 Dec 2009 10:58
- 863 of 2076
Well,there is always a chance that the chicken might lay a golden egg!
Otherwise you can still eat it!
The egg that is.
Balerboy
- 08 Dec 2009 11:03
- 864 of 2076
and the chicken if push comes to shove.... lol what would a POG be... a cross between a pig and a dog??..
cynic
- 08 Dec 2009 11:23
- 865 of 2076
certainly so if sp plummets
chessplayer
- 08 Dec 2009 11:30
- 866 of 2076
Well,gold has certainly been the bandwagon to be upon.World instability is clearly one of the main reasons.Many countries are now getting on board as well.
I see no better place for your dosh.
Being right on China's doorstep is obviously a big advantage for POG as well.
cynic
- 09 Dec 2009 10:38
- 867 of 2076
this morning's tumble saw sp nudge 50 dma.
POG is a racing certainty to go into FTSE 100, so with that in mind have topped up - pure greed, but probably not a bad call
chessplayer
- 09 Dec 2009 10:57
- 868 of 2076
Hopefully the stock has reached its bottom,but gold price despite falling by about $100 an ounce is still up about $40 over the last month.
cynic
- 09 Dec 2009 12:31
- 869 of 2076
gold has now recovered moderately from a low of $1125 to $1141
POG sp has similarly recovered from a low this morning of 1156 (i paid 1169) to 1195
cynic
- 10 Dec 2009 08:18
- 870 of 2076
got that wrong - stupid boy!
bit bullet and cut losses and sold 2/3
Balerboy
- 10 Dec 2009 08:43
- 871 of 2076
you don't think you've ejaculated prematurely on this one cynic??could be a morning dip.... I hope.
cynic
- 10 Dec 2009 09:02
- 872 of 2076
POG missed out on promotion thanks to tuesday's slump in sp.
it's a bit better than it was (now 1180) and i've kept 1000
Balerboy
- 15 Dec 2009 14:16
- 873 of 2076
topped up with a few on low, will be back up after xmas..
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
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."