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POG CHART. Gold looks like its on the Rise. (POG)
goldfinger
- 06 Aug 2004 16:15
goldfinger
- 21 Jun 2011 16:16
- 1141 of 2076
Mining Sector: Petropavlovsk up after it reveals it remains on track to meet output targets
21 June 2011 | 16:02pm
StockMarketWire.com - Petropavlovsk (LON:POG) was the sector's strongest riser after it revealed it remains on track to meet its 2011 production target of 600,000 oz of gold.
During April and May, combined total gold production from Pokrovskiy, Pioneer and Malomir amounted to 83,500oz and production for the first five months totalled 158,900oz, ahead of thegGroup's forecast and 33% higher than the comparable period in 2010.
Production in H2 2011 is scheduled to be higher than H1 2011 due to the contribution from alluvial operation and heap-leach operations and higher head grades at Pokrovskiy and Pioneer plants.
The volume of stripping works undertaken to access ore planned for processing in H2 2012 is on schedule.
Chairman Peter Hambro said: "The creation of a pressure oxidation hub at Pokrovskiy will propel the group into a new and exciting phase of development and give Petropavlovsk a strong competitive advantage in this highly prospective field.
"Russia has a significant reserves and resources base, which primarily consists of deposits containing refractory ore.
"We see our future Pokrovskiy hub, located in close proximity to excellent infrastructure, as the key to unlocking the value in a number of dormant, inexpensive assets requiring this technology."
Petropavlovsk's shares were up by over 7% in late afternoon trading - just ahead of Bezant Resources (LON:BZT) - up by over 6.6%.
The sector's biggest fallers were Churchill Mingin (LON:CHL) - down by over 13% - Kalimantan Gold (LON:KLG) - won by over 11% and Green Dragon Gas (LON:GDG) - down by nearly 11%.
http://www.stockmarketwire.com/article/4168213/Mining-Sector-Petropavlovsk-up-after-it-reveals-it-remains-on-track-to-meet-output-targets.html
21 June 2011 | 16:02pm
StockMarketWire.com - Petropavlovsk (LON:POG) was the sector's strongest riser after it revealed it remains on track to meet its 2011 production target of 600,000 oz of gold.
During April and May, combined total gold production from Pokrovskiy, Pioneer and Malomir amounted to 83,500oz and production for the first five months totalled 158,900oz, ahead of thegGroup's forecast and 33% higher than the comparable period in 2010.
Production in H2 2011 is scheduled to be higher than H1 2011 due to the contribution from alluvial operation and heap-leach operations and higher head grades at Pokrovskiy and Pioneer plants.
The volume of stripping works undertaken to access ore planned for processing in H2 2012 is on schedule.
Chairman Peter Hambro said: "The creation of a pressure oxidation hub at Pokrovskiy will propel the group into a new and exciting phase of development and give Petropavlovsk a strong competitive advantage in this highly prospective field.
"Russia has a significant reserves and resources base, which primarily consists of deposits containing refractory ore.
"We see our future Pokrovskiy hub, located in close proximity to excellent infrastructure, as the key to unlocking the value in a number of dormant, inexpensive assets requiring this technology."
Petropavlovsk's shares were up by over 7% in late afternoon trading - just ahead of Bezant Resources (LON:BZT) - up by over 6.6%.
The sector's biggest fallers were Churchill Mingin (LON:CHL) - down by over 13% - Kalimantan Gold (LON:KLG) - won by over 11% and Green Dragon Gas (LON:GDG) - down by nearly 11%.
http://www.stockmarketwire.com/article/4168213/Mining-Sector-Petropavlovsk-up-after-it-reveals-it-remains-on-track-to-meet-output-targets.html
goldfinger
- 22 Jun 2011 08:12
- 1142 of 2076
positive start....
Broker Evolution Securities said the statement from the company is very positive and demonstrates the progress which Petropavlovsk has made in many areas of its business. Delivering results is key to a re-rating for this stock which we continue to believe is the most undervalued of the larger gold companies which we cover.
The broker reiterated its buy recommendation and 1520p target price
--------------------------------------------------------------------------------
Broker Evolution Securities said the statement from the company is very positive and demonstrates the progress which Petropavlovsk has made in many areas of its business. Delivering results is key to a re-rating for this stock which we continue to believe is the most undervalued of the larger gold companies which we cover.
The broker reiterated its buy recommendation and 1520p target price
--------------------------------------------------------------------------------
goldfinger
- 22 Jun 2011 09:02
- 1143 of 2076
Petropavlovsk glitters as equities recover
By Rachel Cooper, City Reporter7:06PM BST 21 Jun 2011
http://www.telegraph.co.uk/finance/markets/marketreport/8590388/Petropavlovsk-glitters-as-equities-recover.html
Since the beginning of the year, Petropavlovsks shares have looked somewhat tarnished, losing about 35pc. But investors took a shine to the Russia-focused gold miner as it eased fears it would need to tap the market for funds to complete ambitious growth plans.
By Rachel Cooper, City Reporter7:06PM BST 21 Jun 2011
As the wider markets also recovered their lustre, Petropavlovsk soared 51 to 729p after it updated on plans for new facilities and rebuffed speculation that it would need a capital increase to fund this expansion, stressing that costs would remain equivalent to those at other projects.
Peter Hambro, chairman of Petropavlovsk, told Reuters: The market has not understood that we have sufficient resources to fulfil our expansion plans.
He added: As we move towards the ability to process the more difficult to treat ores that form the majority of Russian resources, we are having to spend ... but we have the resources to do it and the profit margin ... is extremely good.
That, along with a confirmation from the company that it expects to meet its production targets this year, helped the miner take the FTSE 250s silver medal.Petropavlovsks advance came as the market regained its poise. Having been dragged down by uncertainty over when and how Greeces debt saga will be resolved, dealers took the opportunity to go bargain-hunting.
--------------------------------------------------------------------------------
By Rachel Cooper, City Reporter7:06PM BST 21 Jun 2011
http://www.telegraph.co.uk/finance/markets/marketreport/8590388/Petropavlovsk-glitters-as-equities-recover.html
Since the beginning of the year, Petropavlovsks shares have looked somewhat tarnished, losing about 35pc. But investors took a shine to the Russia-focused gold miner as it eased fears it would need to tap the market for funds to complete ambitious growth plans.
By Rachel Cooper, City Reporter7:06PM BST 21 Jun 2011
As the wider markets also recovered their lustre, Petropavlovsk soared 51 to 729p after it updated on plans for new facilities and rebuffed speculation that it would need a capital increase to fund this expansion, stressing that costs would remain equivalent to those at other projects.
Peter Hambro, chairman of Petropavlovsk, told Reuters: The market has not understood that we have sufficient resources to fulfil our expansion plans.
He added: As we move towards the ability to process the more difficult to treat ores that form the majority of Russian resources, we are having to spend ... but we have the resources to do it and the profit margin ... is extremely good.
That, along with a confirmation from the company that it expects to meet its production targets this year, helped the miner take the FTSE 250s silver medal.Petropavlovsks advance came as the market regained its poise. Having been dragged down by uncertainty over when and how Greeces debt saga will be resolved, dealers took the opportunity to go bargain-hunting.
--------------------------------------------------------------------------------
goldfinger
- 07 Jul 2011 08:26
- 1144 of 2076
Evolution Securities highlights undervalued gold stocks
Tue 11:44 am by Kam Patel Broker Evolution reckons a number of gold stocks it covers are undervalued
The price of gold has been on the rise in recent months, thanks in large measure to the crisis in Greece and worries about the future of the eurozone. Yet, on the whole, gold stocks covered by Evolution Securities have been retreating, leading the broker to argue that a number of them are now significantly undervalued.
In a research note Evolution analysts Charles Kernot and Louise Collinge point out that at the beginning of April the gold price stood at US$1,430 per ounce, rising to US$1,500/oz by the end of June, and averaging US$1,510/oz for the period.
The performance of bullion, however, has not translated into the performance of gold stocks in general, with Kernot and Collinge estimating that gold plays in the Evolution universe have lost 16% of their value during this time.
Their disappointing performance is all the more notable when it is considered that although mining equities generally have suffered a correction on worries about Greece and eurozone, their retreat was broadly correlated to underlying commodity prices.
The disproportionate retreat by gold stocks strongly suggests to Kernot and Collinge that a number of sector players are now suffering from significant undervaluation.
Amongst gold stocks in the Evolution universe the analysts particularly like Petropavlovsk, Aureus Mining, Avocet Mining and Cluff Gold.
While many gold equities have underperformed the gold price recently, the analysts note that situation has been worse for Russia-focused Petropavlovsk (LON:POG), which has underperformed its peers since the second half of 2010. This was initially caused by the markets realisation that 2010 production targets did not look achievable.
While Petropavlovsk is on track to meet its 2011 production guidance, Evolution anticipates that full year production will be weighted towards the second half, and more specifically to the third quarter. We believe that once the market gets more comfort that this production target looks achievable, the shares will appreciate significantly, say the analysts.
As for Aureus Mining (LON:AUE), Evolution reckons the gold company has suffered from portfolio rebalancing in the wake of its split away from African Aura and despite some very positive announcements from the group.
We believe that this represents a buying opportunity given that this group is fully funded to completion of the definitive feasibility study for its New Liberty project in Liberia, say the analysts.
Avocet Mining (LON:AVM) shares, meanwhile, have suffered weakness on market jitters as to whether the sale of its South East Asian assets was going to proceed before the end of June.
The vast majority of the asset sale has actually been concluded. But while the shares have since appreciated, the stock is currently at around 213 pence versus Evolutions target price of 252p, indicating there is upside potential yet.
The analysts are also positive on Cluff Gold (LON:CLF). At 86pence per share, the analysts believe that Cluff Gold is significantly undervalued, as indicated by their 135p target price for the stock.
Kernot and Collinge note, furthermore, that their current target price for Cluff makes no assumptions on future exploration success. They believe such success could be particularly significant at both the Kalsaka mine in Burkina Faso and Baomahun project in Sierra Leone.
Investors will not have to wait long from key newsflow from Cluff, with drilling results due soon from both Kalsaka and Baomahun. The results of a feasibility study for Baomahun are also in the near-term pipeline.
On an additional note, the analysts also reiterated their buy recommendation for Kryso Resources (LON:KYS), with a 26p target price.
Kryso is pushing ahead with its plans to develop the Pakrut gold mine in Tajikistan and Evolution believes the start of production there will transform the group into a significant profit generator and further enable it to push ahead with the additional exploration of its licence areas.
Importantly, Kryso has a supportive major shareholder and a letter of intent from the Export Import Bank of China, which should cover the bulk of the capital costs of the mine.
The analysts say Kryso has worked hard over the past five or so years as it has pushed forwards with the exploration and development of the Pakrut, with the company having already outlined some 3.6Moz of gold for the project and considerable additional potential.
Studies so far suggest that a mine building up to ore production of about 720,000 tonnes/year would have an initial 14-year life and start producing at an average rate of about 82,000oz/year. While initial output will be at a higher level there is scope for expansion over time.~
Evolution believes Kryso represents a relatively low-risk entry opportunity into a new gold mine.
http://www.proactiveinvestors.co.uk/companies/news/30245/evolution-securities-highlights-undervalued-gold-stocks-30245.html
Tue 11:44 am by Kam Patel Broker Evolution reckons a number of gold stocks it covers are undervalued
The price of gold has been on the rise in recent months, thanks in large measure to the crisis in Greece and worries about the future of the eurozone. Yet, on the whole, gold stocks covered by Evolution Securities have been retreating, leading the broker to argue that a number of them are now significantly undervalued.
In a research note Evolution analysts Charles Kernot and Louise Collinge point out that at the beginning of April the gold price stood at US$1,430 per ounce, rising to US$1,500/oz by the end of June, and averaging US$1,510/oz for the period.
The performance of bullion, however, has not translated into the performance of gold stocks in general, with Kernot and Collinge estimating that gold plays in the Evolution universe have lost 16% of their value during this time.
Their disappointing performance is all the more notable when it is considered that although mining equities generally have suffered a correction on worries about Greece and eurozone, their retreat was broadly correlated to underlying commodity prices.
The disproportionate retreat by gold stocks strongly suggests to Kernot and Collinge that a number of sector players are now suffering from significant undervaluation.
Amongst gold stocks in the Evolution universe the analysts particularly like Petropavlovsk, Aureus Mining, Avocet Mining and Cluff Gold.
While many gold equities have underperformed the gold price recently, the analysts note that situation has been worse for Russia-focused Petropavlovsk (LON:POG), which has underperformed its peers since the second half of 2010. This was initially caused by the markets realisation that 2010 production targets did not look achievable.
While Petropavlovsk is on track to meet its 2011 production guidance, Evolution anticipates that full year production will be weighted towards the second half, and more specifically to the third quarter. We believe that once the market gets more comfort that this production target looks achievable, the shares will appreciate significantly, say the analysts.
As for Aureus Mining (LON:AUE), Evolution reckons the gold company has suffered from portfolio rebalancing in the wake of its split away from African Aura and despite some very positive announcements from the group.
We believe that this represents a buying opportunity given that this group is fully funded to completion of the definitive feasibility study for its New Liberty project in Liberia, say the analysts.
Avocet Mining (LON:AVM) shares, meanwhile, have suffered weakness on market jitters as to whether the sale of its South East Asian assets was going to proceed before the end of June.
The vast majority of the asset sale has actually been concluded. But while the shares have since appreciated, the stock is currently at around 213 pence versus Evolutions target price of 252p, indicating there is upside potential yet.
The analysts are also positive on Cluff Gold (LON:CLF). At 86pence per share, the analysts believe that Cluff Gold is significantly undervalued, as indicated by their 135p target price for the stock.
Kernot and Collinge note, furthermore, that their current target price for Cluff makes no assumptions on future exploration success. They believe such success could be particularly significant at both the Kalsaka mine in Burkina Faso and Baomahun project in Sierra Leone.
Investors will not have to wait long from key newsflow from Cluff, with drilling results due soon from both Kalsaka and Baomahun. The results of a feasibility study for Baomahun are also in the near-term pipeline.
On an additional note, the analysts also reiterated their buy recommendation for Kryso Resources (LON:KYS), with a 26p target price.
Kryso is pushing ahead with its plans to develop the Pakrut gold mine in Tajikistan and Evolution believes the start of production there will transform the group into a significant profit generator and further enable it to push ahead with the additional exploration of its licence areas.
Importantly, Kryso has a supportive major shareholder and a letter of intent from the Export Import Bank of China, which should cover the bulk of the capital costs of the mine.
The analysts say Kryso has worked hard over the past five or so years as it has pushed forwards with the exploration and development of the Pakrut, with the company having already outlined some 3.6Moz of gold for the project and considerable additional potential.
Studies so far suggest that a mine building up to ore production of about 720,000 tonnes/year would have an initial 14-year life and start producing at an average rate of about 82,000oz/year. While initial output will be at a higher level there is scope for expansion over time.~
Evolution believes Kryso represents a relatively low-risk entry opportunity into a new gold mine.
http://www.proactiveinvestors.co.uk/companies/news/30245/evolution-securities-highlights-undervalued-gold-stocks-30245.html
goldfinger
- 07 Jul 2011 11:21
- 1145 of 2076
From Digital Look Broker recomendations.......
Date Broker name New Price Old price target New price target Broker change
21-Apr-11 HSBC Overweight 910.00p - 1,200.00p New Coverage
25-Mar-11 Citigroup Hold 1,070.00p 1,290.00p 1,100.00p DownGrade
22-Mar-11 Evolution Securities Buy 1,046.00p 1,600.00p - Reiteration
14-Dec-10 UBS Buy 1,151.00p - - Reiteration
07-Dec-10 Arbuthnot Securities Buy 1,165.00p - - Upgrade
24-Nov-10 Bank of America Buy 1,072.00p - 1,700.00p New Coverage
The stock looks way undervalued.
Date Broker name New Price Old price target New price target Broker change
21-Apr-11 HSBC Overweight 910.00p - 1,200.00p New Coverage
25-Mar-11 Citigroup Hold 1,070.00p 1,290.00p 1,100.00p DownGrade
22-Mar-11 Evolution Securities Buy 1,046.00p 1,600.00p - Reiteration
14-Dec-10 UBS Buy 1,151.00p - - Reiteration
07-Dec-10 Arbuthnot Securities Buy 1,165.00p - - Upgrade
24-Nov-10 Bank of America Buy 1,072.00p - 1,700.00p New Coverage
The stock looks way undervalued.
goldfinger
- 07 Jul 2011 11:51
- 1146 of 2076
A whopping 90 analysts say gold will hit at least $5,000/oz. Read their projections and rationales. http://t.co/WItGpp5
goldfinger
- 08 Jul 2011 08:21
- 1147 of 2076
POG on a forward P/E of just over 8 to 2012 far to cheap IMO. Should be at least double that.
Hemscott Premium.
Petropavlovsk PLC
FORECASTS WIRES 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Evolution Securities Ltd
27-06-11 BUY 223.04 83.46 9.22 229.67 86.04 9.53
Edison Investment Research
03-06-11 None
Numis Securities Ltd
13-04-11 HOLD 197.37 81.78 7.99 201.67 84.85 7.99
Fairfax IS [R]
27-01-11 BUY 66.15 9.89 124.11 18.62
2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 211.31 79.24 8.92 216.88 93.56 10.87
1 Month Change 0.53 1.54 0.01 0.58 1.74 -0.05
3 Month Change -11.73 2.35 -0.56 -12.79 -6.94 -2.11
GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS -48.25% 171.26% 18.08%
DPS % -10.84% 21.92%
INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)
EBITDA 144.77m 280.33m 292.57m
EBIT 97.86m 233.35m 246.70m
Dividend Yield 1.31% 1.17% 1.43%
Dividend Cover 2.92x 8.89x 8.61x
PER 26.07x 9.61x 8.14x
PEG -0.54f 0.06f 0.45f
Net Asset Value PS 361.44p p p
Hemscott Premium.
Petropavlovsk PLC
FORECASTS WIRES 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Evolution Securities Ltd
27-06-11 BUY 223.04 83.46 9.22 229.67 86.04 9.53
Edison Investment Research
03-06-11 None
Numis Securities Ltd
13-04-11 HOLD 197.37 81.78 7.99 201.67 84.85 7.99
Fairfax IS [R]
27-01-11 BUY 66.15 9.89 124.11 18.62
2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 211.31 79.24 8.92 216.88 93.56 10.87
1 Month Change 0.53 1.54 0.01 0.58 1.74 -0.05
3 Month Change -11.73 2.35 -0.56 -12.79 -6.94 -2.11
GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS -48.25% 171.26% 18.08%
DPS % -10.84% 21.92%
INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)
EBITDA 144.77m 280.33m 292.57m
EBIT 97.86m 233.35m 246.70m
Dividend Yield 1.31% 1.17% 1.43%
Dividend Cover 2.92x 8.89x 8.61x
PER 26.07x 9.61x 8.14x
PEG -0.54f 0.06f 0.45f
Net Asset Value PS 361.44p p p
goldfinger
- 08 Jul 2011 08:45
- 1148 of 2076
One of the latest broker forecasts...Petropavlovsk
FTSE 250
Basic Materials
Buy
1150
717
60.4%
Canaccord Genuity
Target 1150p 60.4% upside.
FTSE 250
Basic Materials
Buy
1150
717
60.4%
Canaccord Genuity
Target 1150p 60.4% upside.
goldfinger
- 08 Jul 2011 08:54
- 1149 of 2076
Lovely chart breakout...
goldfinger
- 08 Jul 2011 09:54
- 1150 of 2076
Weekly candlestick chart is for a Buy.
http://www.britishbulls.com/weekly/StockPage.asp?CompanyTicker=POG&MarketTicker=Basic Materials&Typ=S
goldfinger
- 08 Jul 2011 10:28
- 1151 of 2076
Not long to go and I can see the SP riding up to the update...........
A more detailed breakdown of the Group's production during the first half of the year will be provided in the Company's Trading Update, which is scheduled to be released on 21 July 2011.
http://www.investegate.co.uk/Article.aspx?id=201106210700098017I
A more detailed breakdown of the Group's production during the first half of the year will be provided in the Company's Trading Update, which is scheduled to be released on 21 July 2011.
http://www.investegate.co.uk/Article.aspx?id=201106210700098017I
cynic
- 08 Jul 2011 10:43
- 1152 of 2076
what odds on the management having learnt some lessons on accurate or even conservative predictions?
goldfinger
- 08 Jul 2011 10:46
- 1153 of 2076
As I pointed out earlier the bullish inverse head and shoulders pattern on the chart........
required field - 12 Jul 2011 09:57 - 1154 of 2076
The unhedged gold producers just have to go up.....POG,CEY,HGM,AVM...all worth a look.....
mnamreh - 12 Jul 2011 20:46 - 1155 of 2076
.
goldfinger
- 13 Jul 2011 08:56
- 1156 of 2076
From Investors Inteligence.....
UK Chart of the Day: 13 July 2011
Chart of the day: Gold flirts with new highs....
In times of severe market dislocations, people often turn to one asset they know well: Gold.
The recent sovereign debt crisis in Europe, for example, reversed the downtrend in gold. Prices rallied for six consecutive sessions, and edged above the $1,550 resistance (see right). New all-time highs are within striking distance once more.
Should one chase? On a short-term leverage basis, perhaps, as the day trend remains bullish. But on a longer-term perspective, we would prefer to wait for a consolidation to add, as equities may rebound. Meanwhile, the end of 3Q is noted to be a better time to buy gold. Thus we watch to add.
UK Chart of the Day: 13 July 2011
Chart of the day: Gold flirts with new highs....
In times of severe market dislocations, people often turn to one asset they know well: Gold.
The recent sovereign debt crisis in Europe, for example, reversed the downtrend in gold. Prices rallied for six consecutive sessions, and edged above the $1,550 resistance (see right). New all-time highs are within striking distance once more.
Should one chase? On a short-term leverage basis, perhaps, as the day trend remains bullish. But on a longer-term perspective, we would prefer to wait for a consolidation to add, as equities may rebound. Meanwhile, the end of 3Q is noted to be a better time to buy gold. Thus we watch to add.
goldfinger
- 13 Jul 2011 09:42
- 1157 of 2076
Petropavlovsk PLC
FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Evolution Securities Ltd
11-07-11 BUY 223.04 83.46 9.22 229.67 86.04 9.53
Hemscott premium.
FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Evolution Securities Ltd
11-07-11 BUY 223.04 83.46 9.22 229.67 86.04 9.53
Hemscott premium.
goldfinger
- 13 Jul 2011 14:51
- 1158 of 2076
Gone long LDK USA. Sola energy company. 2 big contracts won today.
skinny
- 13 Jul 2011 15:27
- 1159 of 2076
GF - I saw that - some achievement selling to the Chinese!
goldfinger
- 13 Jul 2011 16:25
- 1160 of 2076
Oooops posted on wrong thread sorry about that.
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