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Take a read if this. Am I right I saying they give a fair value at 58p
https://www.google.co.uk/amp/s/simplywall.st/stocks/gb/materials/lse-pog/petropavlovsk-shares/news/is-there-an-opportunity-with-petropavlovsk-plcs-lonpog-50-un/amp
Let’s hope this is the results we all want. Let’s Hope holding for an extended period will now pay off for us all.
Next year looks strong for gold.
Agree, I should have added we will have updates other than that on gold.
I still like the ilmenite prospects. Just off the back of BlueJay.
If you divide the current marketcap between the projects it’s a silly low value on this company. Then you also need to deduct the cash at bank. Tells a clear story about how cheap this is.
Dear Jugger,
Think you are a little off with the calculation. I could probably get that level of gold out of my back garden in London.
With the options open we have a very good chance of a large jump soon.
I would be happy to see us at a 100-150 million market cap this year. Higher would be fantastic but current levels are just silly with what we have. BlueJay worth 114.2 million marketcap on the other half of the black sands.
I for one do not want to pull my investment only to look back in a few weeks or few months or even a year or two to see it 5-10+ times higher.
Seeing what happened on Friday was of little surprise to me. The share price went up initially, then a few added it and a few sold out. The share then remained positive for most of the day. Only finishing a very small amount down. Which is common for a Friday. Also gold was pulling back on Friday.
This could still shake a few more out with a minor drop.
1, We are experiencing higher lows all the time.
2, Things are improving quickly and come Monday we will be producing Gold.
3, Further RNS’s expected soon.
4, News will follow.
5, Furthering drilling updates.
6, Hopefully, good news will be issued on a day hold is rising.
7, Lots of updates due from projects including black sands, graphite, oil and more.
At some point this year we will see a jump. Everything is coming together on most projects.
Expected more today having added again, but understand we need more information.
The RNS’s are quite funny. Everyone of them has a positive start but then adds some bad news. We found gold but GF got a flat tyre and two other staff members have a rash. Or we have found gold but our drill got stuck. The processing plant is on site but we need to put WD40 on it to see if works. This statement has been approved by who cares.
The BBC and ITV attended our gold mine project and we showed them some gold another company mined a long time ago.
Despite what I have written I am positive this is going to come right. It is just annoying waiting for so long but that may be the game to wait us out of a good investment. Or try at least.
Was this the results everyone was waiting on? Please say it was not.
I added at .52 this morning taking my holding back up to 6.67 million shares. Clearly Alba are confused by the reaction adding a stream of Tweets.
Let’s hope Monday starts to make sense.
Games being played here. Can only think if only we did not dilute recently then they may have had more confidence in these results. Hopefully GF can pull this off before he retires in 15 - 20 years time.
Higher lows and when you factor in recent financing shares much higher lows.
Just needs positive results. Only problem is GF is not renowned for his speed but this is not a long term problem, the results should increase the share price substantially.
Gold is not getting hammered. A market will fluctuate. Also most countries will start printing money next year which will give it a more strength.
Share price is up from a year ago in a big way. Only reason it’s down is because a little uncertainty. Normal and once resolved it will rise.
The POX hub speaks for itself. New flotation plant online soon, IRC improving and maybe worth selling maybe or even holding now, strong assets, good profit margin, one off payments are exactly that one off. Will the asset value be written up in the accounts, now back to FTSE 250.
Q4 results and Full Year due end of January 2021.
https://www.google.co.uk/amp/s/finance.yahoo.com/amphtml/news/opportunity-petropavlovsk-plcs-lon-pog-041838928.html
Plus factor in an increasing gold price as predicted once America starts printing money in 2021.
http://vg-news.ru/n/148317
Last week, the Arbitration Court of the Amur Region refused to satisfy the claim filed by Sergei Ermolenko, a member of the board of directors of Malomyrsky Rudnik (part of the Petropavlovsk Group). The latter demanded nothing less than to declare illegal the decision of the general meeting of shareholders of the company, which decided to remove the old management (and Ermolenko as well) from the management of the company.
This was not the first trial that the former leaders of Petropavlovsk lost. Unfortunately, the litigation will clearly not end there.
According to Komsomolskaya Pravda, Sergei Ermolenko's lawsuit is obviously only part of a complex plan implemented by a narrow group of former owners and top managers in order to prevent the newly elected board of directors and, as a result, shareholders of the Petropavlovsk group from managing Russian assets and getting out as soon as possible. companies from the crisis.
It is emphasized that exactly the same plan was used several years ago in the course of the conflict between the same former owners and Viktor Vekselberg to obstruct the work of the legally appointed management.
The essence of the scheme is to try to minimize the ability of legitimate shareholders and the board of directors to influence Petropavlovsk's activities by creating an intricate system of ownership of subsidiary gold mining enterprises. Using gaps in legislation and personal connections in various authorities of the Amur Region, the former management of Petropavlovsk, through the hands of Ermolenko, creates a situation in which the board of directors is unable to fully control the Group's assets.
As a result, the company seems to continue to be managed behind the scenes by excluded management and former owners. Using Ermolenko as a judicial ramming, they sabotage decisions of legitimate shareholders in order to maintain control over cash flows and prevent the new management from real management and investigation of the activities of previous managers.
But it is precisely such an investigation, with the involvement of law enforcement agencies, unanimously demanded by the legal owners of Petropavlovsk. They suspect that the former management carried out large-scale machinations and brought the company multibillion-dollar losses.
Ermolenko and other ex-leaders of Petropavlovsk, apparently, really have something to be afraid of - law enforcement agencies are already studying the stories of the old team for its possible involvement in such serious crimes as gold smuggling, cashing in and withdrawing funds and assets abroad.
Such an investigation is absolutely necessary, because for years a narrow group of people disposed of Petropavlovsk's funds at their own discretion, which is why the company has never paid dividends since 2012, despite the constant increase in world gold prices.
And the company's capitalization in the market fell dozens of times, and investors conti
?
The drop in share price is overdone. Yes we have diluted but at the same time reduced debt. Yes production levels are not what was expected but a short period of reluctance of the new board was always going to happen. Even with reduced production target this is still producing more gold than last year and will continue to increase. We also have the new flotation plant coming live soon, it might be late but it’s not gone.
All In all this is far to cheap when measured against POLY and others.
Gold prices still high and expected to grow over the next few years.
What really speaks volumes is how many people want a good percentage of this company in there assets.
Ok so let’s gather. Is this now a great opportunity to add more. This is cheap beyond reason. I held a 41p knowing this could hit £1. Is this just another blip? Have been through so many with POG it’s part of the game.
Surely the old board also have top friends. Was it not the old board that had Medvadev visit the site.
iPhone Is destroying me today. Just read my message to see that my iPhone has put it in a blender. Hopefully, you can read around the rubbish it changed my post to.