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now at $1607
Just the $7 increase gives us another 4.3 million based on 620,000 ounces :) Loving this.
Gold price forecast to rise further.
"Gold production is expected to range from 620koz to 720koz in 2020"
$2000/oz does look far fetched, but you never know. These are uncertain times.
If Gold stays around $1600 by End March, and they manage to get sale price like $1550, plus dual listing is a brilliant idea. Debt will not be Issue anymore
It should be listed on Moscow stock exchange as soon as possible, because clearly the bigger investors here are not paying attention to this company. It'll get much higher valuation if it has a dual listing imo.
people are not taking notice because of the market capitalisation. If the price continues to increase and it can get back towards the ftse 250 then people will have to take notice. Especially if they prove they are making the profits that they can do. This is POG though, and expect the unexpected, because its always just around the corner, and not always positive.
Russian investors seem to appreciate this company, but the bigger investors here seem to keep having suspicions about it. That's why it should listed in Russia too imo.
The bigger investors avoid this company because of market capitalisation an false promises and false dawns. They have a history of over promising and under delivering. If they get it right and the market takes notice no reason it cant have a higher market cap than what it had previously, because we not have the pox hub which gives us a competitive edge. Time will tell.
The investor who paid a premium over the market price to buy 28% stake, knows more about gold mining in Russia than anybody here. He has a even bigger gold mining business in Russia than POG . In an interview he said it's a fantastic company and their POX technology will take gold mining in Russia to a new level. He might not have had a chance to buy such a big stake if the institution here were interested.
$2000/oz may seem far fetched, but it's not. These is huge ammount of financial and economic uncertainty in the world. Gold prices rose nearly 800% in less than four years between Aug.1976 and Feb.1980. From around $100 /oz to nearly $800/oz.
Nearly $800/oz, and that was 40 years ago.
I think this statistic is telling (works for Gold as well).
First, one million-pound footballer was Trevor Francis in 1979, a year before Silver hit $50.
Then in 2016, Paul Pogba joins Man Utd for £89 Mil and silver was $14.
Looks like precious metals have a bit of a catch up to do!
POG looking very good now that POX technology is adding great value to the high graded refractory ore and interestingly the new Russian shareholder Uzhuralzoloto Group of Companies has assets with refractory ore, so this could be mutually beneficial?
GLA
Sharegar, big difference is gold and silver isnt getting hundreds of millions pumped into it by SKY. When Trevor Francis was around nobody had heard of sky and the main money was advertising and gate receipts. No way teams like Bournemouth could have got where they are without the riches of sky. ( Not that I am knocking Bournmeouth ) So dont think its a good comparison.
So are you saying Paul Pogba is Pog. Gawd help us.
.... and 'Paul' is 'Pavel' in Russian, it's all becoming spookily clear.
And like Pogba POG hasn't done much the last 4 years
That's not fair. POG's up 260% over the last 4 yeare.
But down from 12 quid over ten years lol
I know that the joke wouldn't have worked. I should rephrase to: Pog like Pogba started out with great promise and both then performed miserably for some time. Only difference is I can't see Pogba doing anything