Member Info for Lawrence13

gold at $1314 and all going in the right direction. so now whadda we do

I wish as we all do. Nah typo. shoulda been 8-9. Mind ypu I then saw the post on the bond price. Took the wind right out of me sails; that did.

Some time this week I would say. IRC has a fouh quarter trading update with a teleconference call at 9am Hong Kong time which I believe is eight hours in front of our GMT, so about 1 am GMT http://www.ircgroup.com.hk/attachment/20190125151356230726347_en.pdf So that could lift or hinder the POG price when the LSE opens at 8am. Otherwise though in my humble opinion what with gold now over $1300 and predicted to go higher I feel strangely we'll be between 8-0 p very soon

Nice article for us

Petropavlovsk (POG) has updated including “total gold production for 2018 was 422.3Koz… the group is targeting FY 2019 gold production of 450 - 500Koz”, with it “very proud to report the successful commissioning of our cornerstone project, the Pokrovskiy Pressure Oxidation plant”…

This will facilitate the unlocking of c.9.6 million ounces of its refractory ore reserves and create a processing platform for refractory gold concentrate – the significance of it is suggested at by the project having been worked on for almost a decade.

The company anticipates that the next two lines of the ‘POX’ facility will be commissioned in June – currently creating spare processing capacity. However, it notes “we have already launched a programme to purchase third party refractory concentrates, ensuring the POX plant will work in the most efficient way. The board is also reviewing the possibility of bringing forward the construction of the Pioneer flotation plant, allowing refractory ore from Pioneer to be processed, as well as the expansion of the flotation facility at Malomir”.

Such possibilities and an “encouraging start to 2019” bode well – and there looks good reason for confidence in the management’s “looking forward to generating strong returns for all our stakeholders in the years ahead”.

The shares have responded a bit higher, but are still at the sub 8p price of the July re-tip. There remain the clear risks – including debt (refinancing currently progressing), but as also noted on the re-tip there look fundamental (e.g. even 450,000 ounces of annual production at a $300 per ounce margin throws off a gross $135 million) and speculative (e.g. M&A) reasons why the shares could progress strongly from here. Still, at up to 10p, a buy.

This article first appeared on the N50 website which Tom Winnifrith runs with Steve Moore & Lucian Miers. To access the website ahead of the next share tip from Tom & Steve and a new shorting piece from Lucian click HERE

The last Friday down the pan, for some time ?

Talking of alcohol and making a social comment: I'm old enough to remember 'foster' parents, Nowadays we also have 'tennents super, 'Carlsberg special brew and 'white lightning parents as well

No I actually meant optimism as an irony ..talking of iron how's IRC ? Just hope we all live long enough to see some improvement

Now you've gone and done it Retired Banker. Getting carried away with your unfounded optimism has popped the POG share price balloon. Oh well.

Totally agree{ debt is like bailing out water as more pours in. Plug the debt hole as its a total waste of time and energy.

I'm just enjoying this heady rare occasion. while it lasts.

Up10% according to H&Lansdown

" like greyhounds in the slips,
Straining upon the start. The game's afoot:
Follow your spirit, and upon this charge
Cry 'God for Peter, England, and Saint Pavel Russia'

I haven't seen you post for a while. Anyhow I feel a tad encouraged recently.

I never trusted that Dawn anyway. By the way anyone reading: where's Rustybucket nowadays ?

From my modest grasp I thought the Full Year production IRC was very encouraging especially with the remaining two autoclaves commissioning in July this year. The market likes it with the SP up 5% as I type at 8:41 gmt. Time for Freddie to take another holiday I think

Yes could e a massive ladder tomorrow or a slippery snake

https://www.youtube.com/watch?v=usfiAsWR4qU

www.metalinfo.ru/ru/news/106540

Kenes Rakishev, currently the largest shareholder in Petropavlovsk, is ready, as a private investor, to buy out 10-15% of IRC shares from a gold miner if Petropavlovsk will sell the stake.

As K.Rakishev told Bloomberg agency, Petropavlovsk now has more opportunities to sell its stake in IRC. There is a Chinese investor interested in IRC's titanium and vanadium assets and considering the possibility of a joint venture.

Petropavlovsk owns 31.1% of IRC, the only iron ore producer in the Russian Far East. Now IRC conducts production only at Kimkano-Sutarsky GOK. Since the spring of 2016, the Kuranakh titanium-magnetite deposit has been in maintenance mode. Vanadium joint venture in China, in which IRC owns 46%, in 2017 it was also transferred to the maintenance mode.

In general, K. Rakishev considers, now is the right time for transactions. Petropavlovsk itself is in talks with other gold miners in the region about possible mergers. Who exactly, K.Rakishev did not specify. Last year, in an interview with Interfax, he said that, in his opinion, the presence of the listing makes Petropavlovsk interesting in terms of M & A for non-public gold miners, such as GV Gold and YuGK (Yuzhuralzoloto Group of Companies). In 2016, even before the arrival of K. Rakishev in Petropavlovsk, deals with Amur Zolot by Musa Bazhaev and Zolotom Kamchatka by Viktor Vekselberg were discussed.

In his conversation with Bloomberg, K.Rakishev also mentioned negotiations on a joint venture with Chinese investors and Gazprombank (MOEX: GZPR), which could translate into deals in the coming months. What is being discussed, K.Rakishev did not explain. So far, it is only known that Gazprombank is going to provide IRC $ 240 million for refinancing, and is also a buyer of Petropavlovsk gold (last year they concluded an agreement for 96 thousand ounces).

Petropavlovsk conducts industrial mining of gold deposits in the Amur region (Pokrovsky mine, Pioneer, Malomyr and Albyn), is among the top 5 Russian gold miners. The largest shareholder of Petropavlovsk with a share of 22.4% is K. Rakishev. Petropavlovsk shares are traded on the London Stock Exchange.

Same thing every &*cking day . Okay its moved modestly upwards recently but it starts the day well and always tails off.

never had the resources

Blame me for the SP reduction