REMINDER: Our user survey closes on Friday, please submit your responses here.
incredible... Let's hope it holds up here so we can move higher tomorrow on more volume....
well, it looked like the titanic for some time... To me this still looks like a huge cargo ship which has had some of its leakage fixed and is now able to operate on its reserve engine. By mid 2018 it will feel like we have been to a harbor and have fixed all leaks and our engines. At that point she'll run as if she had never been broken :) Can't wait
anyone buying this breakout?
my avg is 7.50 been here for 3 years now :) this seems like finally the titanic is turning after hitting several icebergs... crazy stuff.... I hope this keeps going until 9-10 range by Friday, that would be great
lol... you'll be taking a lot of peeks until 2019 then ....
If this share does what it always does, it will drop down 5% at the close to lock in something like 8.30 :) then we are back to normality hehehe. Let's hope not :)
so much for "moving higher slowly" :)
this is starting to look brighter by the day. I think we'll slowly move higher from here. I think the "another week down the pan" will turn into "another week closing in on reality". Once we hit 10p, there will be buyers. Hopefully, we will then get some debt converters and value from a much stronger balance sheet :)
My guess is that the share price will start to rock higher after H1 results 2018. If all holds steady and gold trades within 1300 and 1400, we should see significant gains. I am willing to keep my investment steady. G/L
some wise words "Lawrance" and "Uncertain". My predictions have been wrong mostly. Fortunately, my net worth is not really affected as my avg. is at 7.50 and my holding in POG is too small to make a huge difference. Anyhow, gold is coming down as expected if there is no war, it will trend lower. Gold moves slowly and only major changes in money supply and inflation will move it. However, these threats from Kim & Donald are helping us. Let's hope they only threaten and won't go to war. I am sure we have hedged a few K Ounces more at those higher prices so you will see sales at a higher average price even if we drop here. Anyhow, 1250 to 1350 is all within a healthy range. I am not worried, but I am prepared to hold my shares until well after POX hub completion. We'll see a boost then (at the latest)...
bonds will not exist anymore if they are paid in full :)
Nice article at the Motley Fool today http://www.fool.co.uk/investing/2017/09/12/why-id-sell-sound-energy-plc-to-buy-this-turnaround-stock/
"3 I can't remenber the exact number but if all bondholders converted (which they wouldn't) it would add well over 1bn shares." Yes, but while adding all those shares (a 30% increase to the shares), the value of POG would massively jump and I suspect it would jump much more than the 30% dilution. At say 300Mio in debt at that point and a very profitable POG, I can see POG being valued at more than 1Bn again if gold is at say 1400-1500 range. at 1Bn valuation after conversion, we would look at a share price of close to 25p.
bonds are more or less irrelevant here. The bonds holders will convert if they think that the value of holding shares will be higher than holding the bonds. In this case, you will see dilution but there will be a movement to the upside to much larger extent than the dilution. Why? Because two things happen: A) Bondholders which have a rather save investment here will make a tremendous vote of confidence when they convert and B) our debt obligations will drop significantly. Only drawback here is that if the share price starts rising and bond holders don't believe in the company, they outright short the stock. Why? Because they think POG will go lower and they have no risk, only the risk of not making a profit with the rising share price (which they don't believe in). In case they are right, they make money on their short. If they are wrong, they convert and cover their short with the shares they just received. They can keep shorting the shares for quite a while and still receive their nice coupon, until that trade doesn't work anymore as the price increases enough and they are forced to convert and hand over their shares. All in all, I started by saying it's more or less irrelevant because whatever happens, if the company does well, the overall value of the company will increase and we will profit. So instead of making all these conspiracy theory arguments about manipulation and evil bond holders etc etc... it's better to focus on the bottom line of the company. Nothing can be manipulated for longer periods of time. JMHO
wht did you guys expect? To me, this is a rather honest and solid report. Of course management will not sound much rosier than they can. They are as someone mentioned here "on a learning curve". To me their opinion reflects the fact that they believe in the potential and are not looking to flip this company. We are used to being patient and I will continue to be patient. This looks satisfying for me and I expect the share price to go in the right direction from here. Particularly interesting is the paert with IRC. They are looking at their option to gain value from this share. I sure hope they find a buyer for that part of the business so we can focus on gold.
I guess there is some disagreement :) If you see yourself being runover by a train with this thing. I would strongly advise you to sell :) I for my part finally see pieces of the puzzle falling into place. Let's hope for no negative surprise on September 12th.
did you guys notice that the conversation has switched from "are we getting screwed by the new board?", "can we pay our debt?", and "when will the POX hub be finished?" to "only 55 weeks left until we can make some real money?". Seems like the higher gold price is comforting enough and suddenly we are looking forward and not backwards. This usually translates into higher prices. G/L all...
I perfectly agree with you. I see the share price continuously moving higher from here as we get closer to the completion given that the new board won't mess things up. We will certainly be raking in cash with these prices (delayed of course due to the hedging activity). We'll know more next week, but it seems like we are close to starting a major slow but continuous long lasting uptrend. I have been buying more share btw ;)
Keep in mind, although they have a lot of gold hedges, they would be hedging more as they produce more. So they will lock in these prices we will hear complaints again if the gold price is at 1450 next march :) They are buying transparency and ithat's exactly what they should be doing. In fact hedging means that they are not speculating with our future profits. If you aren't happy with that then you should go to a casino I guess...
I know almost everybody hates the fact that POG has been hedging. I do not believe in this gold rally as it is purely driven by political uncertainty and not by devaluation of money or the fear of that. I hope they will hedge as much as they can here, so we lock in these prices. If there will be some military action in North Korea, we'll look back again and say... "damn, the hedged too much gold", but I am happy with this gold price and we should not be speculators. If we get higher gold prices that's great, but take some off the table here and play it safe. We can speculate again when our debt has been reduced to a much better manageable amount.