Member Info for Lawrence13

I've been informed by someone who should know and they said the 31/12/2021. . Now that's either a lie to make me look a bigger twat than I am or a mistake. But that is it

Ive been informed the deadline date is the 31/12/2021. Happy New Year

Pavel got reduced from 160 to a 159 category (organised crime)on Friday last with the next hearing 23rd Nomember

They're damned if they do and damned if they don't.

No matter what time I've gone to bed I always wake at 7am to see if any RNS's have been released, I then check the price of gold and doze of awaiting the Stock Exchange to open at 8am with the 15 minute delay FFS I've done this for over seven bleedin' years. I'm a slave to this share , no longer a freeman. Take this morning for example: check my email at 7am for any news in the form of an RNS , then the price of gold and then doze off until just after 8am and because of the 15 minute delay on LSE there are always some shenanigans with the share price shown. Today was no exception at around 8:10 LSE displayed a whooping price rise of just over 7% with the SP at 26p !!!! No this can't be true its the computers resetting for today's run : but no its gone after 8:15 this has to be a rip roaring start to today. Get up and when I recheck the %^$ing SP is now down on last nights close. Its all so bloody predictable and frustrating. One day, just one day I'll sell my stake and take up a paper round.

Oh well another Friday ahead lets see how far we'll backtrack today

I did say some weeks ago that I'd emailed POG's Customer Relations team about IRC on the 1st October and had no reply, however plowing through my emails today I noticed a belated reply on the 3rd November and apology from John Mann. He basically said nothing so far has happened.

Just thought out of fairness I should mention that. I also took the opportunity in my reply to ask what was the outcome of the RNS 25th August was where UGC raised the issue of the Stocken disposal which ended with this

"The Board is considering the terms of the UGC Announcement and a further announcement will be made by the Company in due course."

He follows POG religiously .

I don't know about you folk but all the gold experts like Kitco and Stansberry Research in general all feel that that silver & gold should rise in price substantially but there are some dissenters who feel the opposite but I would say the general consensus is that Gold should rise. But the enigma is that despite uncontrolled global debt and credit that no one is showing any major interest in Gold.

Still though the majority of experts say Gold should make major gains
I note as I type that Gold has pushed through $1800 again to $1817. So is this the moment? Who bloody knows,because I don't . It seems that POG itself is run by a BOD who have had their tongues cut out as they hardly ever talk to us share holders who rely solely on Russian interviews which we have to translate, like that one recently (or was it two) where Denis got our hopes up and even mentioned dividends ! So it seems to me the current POG hierarchy are incapable of push the SP up alone and we may have to pray for that long promised major rise in gold. All the signs are there but when will it happen. It seems to me that once a big move into Gold starts the game is up and to be fair we would gain but society in general would suffer greatly if a gold stampeded started. Oh and by the way: remember , remember the 23rd of November as Pavel is up before the beek once again, And Rbrand, I also sympathise with Julian.

Arkansided. By the way I really am not Freddie.

He's being severely punished for the Podesta emails drop, which exposed things even more sinister than high level sexual ritualistic child abuse.

Pavel comes up in court again on the 23rd November, nigh on a year of being incarcerated with no definitive charges let alone a court case.

What would POG's 29.9 % shareholding be worth on the open market? I alway understood that IRC was once seen as a mill stone around the neck of POG. And that's why the announced sale in March 2020 of $10 million seemed okayish as it ended POG's committeemen to underwrite IRC and that was the whole point of the deal. But at this rate IRC won't have to be under written which negates the whole point of announcing the sale back in March 2020. Surely if this de goes ahead it will make the BOD look idiots and turn investors away?

My mistake: IRC was mentioned....haven't fully grasped what it means but it was raised

I'd also like updating on IRC . I did email all at customer relations several weeks ago but no one replied. Disappointing day as we were all hoping for another boost to the steadily climbing SP. Why .....I almost forgot about strukov.

at this point the interview goes behind a paywall.

Never the less I liked what Denis had to say . No wonder the SP has started to move up.

part 4
In the second half of the year, the factory is already operating at full capacity, and we expect an increase in production in the second half of the year, which will also affect the loading of the autoclave. The first half of the year, like the whole of 2020, the autoclave operated at 50% of the load, and a significant part of them was external concentrate, in 2020 there were 140,000 tons of our own concentrate, which Malomyr produced, and the rest we bought on the market (last year bought 117,000 tons). For the first half of the year, we also worked at 50% load. In the II quarter, they came out by 60-70%. By the end of the third quarter, we expect the utilization to be above 75%. July - August we have already worked at 100%, September - at 50% capacity due to scheduled repairs, October - December we are working at 100% capacity. Since the 4th quarter of 2019, our production has been falling on a quarterly basis, but since the 2nd quarter of this year, the trend has changed - production begins to return to growth.
- What is the forecast of production results for the year? Do you expect production indicators to recover and grow relative to 2019 in 2022?

- This year we are confirming our production plans. This is 430,000–470,000 ounces, taking into account the third-party concentrate, the third-party of which is 60,000–80,000 ounces. I think that for third-party concentrate we will be closer to the lower limit, around 60,000, and for our own concentrate, this is 370,000-390,000 ounces per year, and here we will be closer to the upper limit.

For the next year. We see that Pioneer and Malomyr will produce either the same amount or slightly more. But we don't understand Albyn yet. Until we build a flotation there, we will still be in a little fever. Today, in order to supply 3.6 million tons of ore to the factory, we have to extract 9 million tons, and put the difference in the warehouse, which is money, a large amount of equipment. Optimization of mining operations may lead to a short-term drop in production at Albyn, but at the same time we are optimizing our cash flows.
You see 21% of this mater

Part III

- What is the forecast of production results for the year? Do you expect production indicators to recover and grow relative to 2019 in 2022?

- This year we are confirming our production plans. This is 430,000–470,000 ounces, taking into account the third-party concentrate, the third-party of which is 60,000–80,000 ounces. I think that for third-party concentrate we will be closer to the lower limit, around 60,000, and for our own concentrate, this is 370,000-390,000 ounces per year, and here we will be closer to the upper limit.

For the next year. We see that Pioneer and Malomyr will produce either the same amount or slightly more. But we don't understand Albyn yet. Until we build a flotation there, we will still be in a little fever. Today, in order to supply 3.6 million tons of ore to the factory, we have to extract 9 million tons, and put the difference in the warehouse, which is money, a large amount of equipment. Optimization of mining operations may lead to a short-term drop in production at Albyn, but at the same time we are optimizing our cash flows.
- Construction and launch at the end of May of a flotation plant at Pioneer. This is a very important event for Pioneer, because the deposit is at the stage when non-refractory oxidized ores are running out and there was no flotation. Pioneer is located 30 km from our autoclave and hydrometallurgical complex, so its launch was critical for this year's production.

In the second half of the year, the factory is already operating at full capacity, and we expect an increase in production in the second half of the year, which will also affect the loading of the autoclave. Per

continued.

since the margin on third-party concentrate is less - about 10%, and on our own concentrate - about 50%. (Petropavlovsk is recovering gold at the Pokrovsky Autoclave and Hydrometallurgical Combine (AGK) with processing of 500,000 tons of concentrate per year; 15 million tons of ore per year). - Vedomosti.)

In production, of course, there is a big drop. Last year there was a batch of very rich third-party concentrate, [with a gold grade] of about 100 g per ton, and for the whole year, on average, in my opinion, we got 60 g per ton, and this year the maximum we have with market, 30–31 g per ton.

Another reason for the drop in production is the Albyn project. The Albyn deposit (the Albyn project also includes the Elginskoye and Unglichikanskoye deposits. - Vedomosti) was mined in Q4 2020. At Albyn, there was oxide ore with very good recovery. The 3.6 Mtpa plant, which was built for this oxide ore, was operating at full capacity, and Albyn had the lowest costs in the group. Now we have moved on to the development of the neighboring deposit - Elginsky, it is 36 km away, and there the ores are completely different - refractory and semi-refractory with a gold grade of about 1 g per ton and significantly lower recovery - 75–78%. Now Albyn is showing a sharp drop in production and an increase in costs, and we saw this in the first half of the year.

Pioneer and Malomyr worked more or less normally at the level of last year.
- What other production tasks did you have to solve?

- Construction and launch at the end of May of a flotation plant at Pioneer. This is a very important event for Pioneer, because the deposit is at the stage when non-refractory oxidized ores are running out and there was no flotation. Pioneer is located 30 km from our autoclave and hydrometallurgical complex, so its launch was critical for this year's production.

In the second half of the year, the factory is already operating at full capacity, and we expect an increase in production in the second half of the year, which will also affect the loading of the autoclave. The first half of the year, like the whole of 2020, the autoclave operated at 50% of the load, and a significant part of them was external concentrate, in 2020 there were 140,000 tons of our own concentrate, which Malomyr produced, and the rest we bought on the market (last year bought 117,000 tons). For the first half of the year, we also worked at 50% load. In the II quarter, they came out by 60-70%. By the end of the third quarter, we expect the utilization to be above 75%. July - August we have already worked at 100%, September - at 50% capacity due to scheduled repairs, October - December we are working at 100% capacity. Since the 4th quarter of 2019, our production has been falling on a quarterly basis, but since the 2nd quarter of this year, the trend has changed - production begins to return to growth.
- What is the forecast of production results for the year? Do you expect productio

Gold prices in 2021 are in the range of $ 1700-1800 per troy ounce, which is a historically high level (gold was more expensive only in 2020, when the price exceeded $ 2000). There are less and less alluvial gold deposits in the world and more and more actively involved in the development of refractory ore deposits that require special mining technologies. Against this background, the gold mining company Petropavlovsk plans to present a new development strategy by the end of October. The new management of the company, which regularly changed shareholders and periodically flared up corporate scandals, seeks to stabilize production activities and resume the payment of dividends.

Denis Aleksandrov, who headed Petropavlovsk at the end of last year, in an interview with Vedomosti talks about the company's strategy, the fate of the deal to sell a stake in the iron ore company IRC and a possible rebranding.
- You came to the company at a difficult time in terms of management. Tell us what difficulties you faced, what have you already managed to change?

- Indeed, the period was not easy, there was a lot of noise in the press around Petropavlovsk for the last few years. Over the past 4-5 years, the main shareholder has changed four times in the company. When we joined the company in December, the team had a very wary attitude. And the first task was to convince the team that we did not come here to rob the company, not to sell it piece by piece, not to fire everyone and everything, but came to build, with plans and hopes that the company would develop further. We managed to do it, the collective believed in us as a whole. Then work began on a comprehensive audit. We have completely restructured the Moscow office, now we are in the process of the Annunciation office. Today all lines of control have become clear. Then we started looking at contracts. There were a lot of intermediaries, the purchase was not from direct suppliers. We got rid of intermediaries, “straightened out” contracts, signed long-term contracts somewhere, revised the capital expenditure program. Some employees were fired for violating the rules of ethics in the procurement procedures, with someone we are currently suing. In the first six months, we reduced capital and operating costs by approximately $ 26 million.
- What is the reason for the drop in the company's production indicators in the first half of the year?

- [Gold] concentrate has become a serious problem. In 2020, the contracting window, which usually falls in September-October, was skipped, and when we joined the company, we only had 40,000 tons of external concentrate contracted, while 80,000 tons were needed. Therefore, the search for concentrate began. on the market. To date, we have contracted our 80,000 tons. We even contracted a concentrate from Greece - this is probably our first experience with foreign concentrate, if we do not take into account the Kazakh concentrate. We did not lose much in terms of money

Just seen it in my email but nothing here, or oddly on POG's website.