Firering Strategic Minerals: From explorer to producer. Watch the video here.
Pavel..direct quote...
“We’re similar in the size, but they are private, and we are looking at each other, I would say.”
No formal talks perhaps .. yet.
What does active dialogue mean. Why say it?
Contradicts direct quotes from the interview.
Clearly it's been discussed. But no formal agreement ..
'Whilst the the Company maintains an active dialogue with all its shareholders, it is not currently engaged in any transaction discussions with UGC'
I read, it's been discussed but not formalised.
Would be a monster of a company. And it would solve POG's issues with obtaining 3rd party concentrate. A perfect match.
Rusty,
I've been doing this for some 45 years. The rose tinted spectacles came off very early.
I'm fine with my investment since last year. I'm concerned though that the negativity (or as you put it the reality) is costing new investors significant sums. So I try to put a positive into the mix.
Nice ending auction today...
Still past calculations. Got to look forward not backwards. All I see is revenue growing at 100% and gold exploding upwards. That's all the market cares about and why the dip on results is just that. The market is a gamble .. it's simple. Absolute knowledge is unattainable. Set your targets, make some money. Move on...
But POG early stage transformation for me. A long way to go to catch up with its peers. And a billion in POX assets.
I'm optimistic despite the grinding negativity on these boards...
Prepay is for 3rd party concentrate purchases I would have thought. Got to buy an awful lot of it with payment upfront.
Telephone numbers still there. I've got 740koz this year of production based on Q1. Perhaps more as production tends to increase in Q4. Plus an additional $500 per oz in revenue.
Unfortunately, the weaker you are the more you get screwed.
I don't pretend to understand the complexities of POG'S financial history. It was touch and go at one point and they've had to pay to survive.
But not much mention of the 70% increase in gold production in Q1. Pog growing at 100% a year. With success you can call the tune.
8 weeks till next update.
On a production run rate of 740koz a year. 50% more than cey valued 2 billion. Half the size of poly valued 7 billion. Pog 800 million...
Net profit was hit by impairment. Ebitda was some 40 million above consensus. Q1 production 186koz, up 70% with some $500oz additional revenue with gold at 1720 and no hedging.
Almost at the end of H1.
Key metrics are ebitda of 260 million and Q1 production of 186koz. Both way ahead of market expectations for what it's worth...
Humans taking over the decision making...
Fantastic 186koz in Q1. Up over 70%..
All I look at are the fundamentals... the market comes into place.
Over 300 million in Q1. About 1.4 billion for the year at this rate.
Someone out there will see it, once the computers finish their games...
Well Q2 update in about 8 weeks. Should get a H1 of 380koz .. I can wait...
Fantastic Q1 production ... up over 70%.
Gold over 1700
Don't care what the market thinks, POG transforming quickly. Over 740koz this year. 100% revenue growth...
186koz production Q1 ... fantastic!! Over 740 for the year. And production tends to increase in Q3/4.
Yes, ebitda significantly higher than predicted..
The only thing that moves the price is large scale institutional purchases. Traders are an irrelevance. The institutions only buy the facts. It gives us an advantage if you know your company.
Bought more today. First time in a year. Going way higher.
Pog a high tech industrial processor generating huge amount of cash....
And if gold does go to $2000 then POG will be making as much in profit as its market cap and still growing at 50%. x1 earnings and a peg of 0.02..... And that is absolutely nuts...
Investor confidence is linked to cash generation. Pog generating lots of cash now. You'll find investor confidence will return as quickly as it went.
As to investing in Russia, poly are doing OK. You can't generalise to that extent.
All I care about is how much money POG are making and at what rate and for how long. The answer so far is: a lot, at 100% a year and at least for the next 2 years.
At 800 million it's woefully undervalued. Revenue this year will be 1.2 billion and ebitda of 500 million and still growing at 50%.
I don't give a monkey's about management if they can keep those metrics. Got to be worth 4 billion even with the debt.
Rusty,
There's always dirt in business. And risk. Get a well run business above board and transparent with honest management and then let me know. All I care about is the share price. Sorry to be so direct, but everything comes down to a return on investment. Or I suppose you can buy a much better company than with great corporate governance like Marks and Spencer or pretty much any retail share that has been destroyed recently.
It seems to me, that many on here are just jaded with POG with the decline in share holder value in the last 10 years. Why you held these shares during that time is beyond me. But now is not the time to sell up (which is why I don't understand retiredbankers negativity). Now is the time to buy more imo.
I think a token divi is on the cards soon.
I also don't think management are fraudulent. Just a bit of what all businesses get up to.
Looking forward to results as the turnaround accelerates...
I'm with you KRSS,
The market still doesn't get it. Easy money. Gold price irrelevant.
To say you once made money on soft commodities is pretty meaningless. Coffee can go up, so can pork chops. When coffee is expensive more supply comes on tap. Why haven't you been making money recently is the question? It's because there is over supply in commodities. Why are farmers **** poor? Why does the US want a deal for their farmers. Too much of everything is the answer. More oil in Venezuela than in Saudi. I made money on oil 15 years ago, doesn't mean it's a great investment now.
That's why marketing and added value sciences are the rage. Get someone to buy more that the cost of the product due to image and status.
Who knows why gold has intrinsic value, but it does and it tend to keep its value so of all the commodities it's better than most.
I like tech, and agree there are good tech plays out there, but POG to me on completion of their POX was a recovery play and a tech play with a rise in gold. So seemed like a good bet. Up 250% so far. Spread betting at 20% margin puts that at 1250% return in 12 months.
I like the metrics with POG. Profit before tax this year will be around 500 million. Market cap 900 million. Less than X2 earnings and growing at 50% a year. Why? POX.
It's nuts in terms of standard metrics.
POX itself is worth 1 billion at least. The IP unknown but of huge value. That's why I'm waiting for the next merger and joint venture ... another 2 autoclaves soon. POG will be the biggest industrial processor in Russia soon enough.
But I'm not an economist, just a trader and a gambler. The big questions are irrelevant as long as I make a turn.
But I do not like commodities that's for sure...