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2020 year average looks to be $1721 = approx £1323
according to https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
P and P did the same when they came back after their ousting, resetting expectations to then be able to say a few months later how they had managed to turn it all around. Still very low mcap given POX and the avg gold price this year and total production. And don’t forget the majority of the convertibles have now gone and UGC did state they were converting to allow a dividend going forwards.
The RNS in June suggests the Moscow prices should be identical to LSE ....
The MoEx listing is complementary to Petropavlovsk's existing primary listing on the Main Market of the London Stock Exchange, where the Company's shares will continue to be admitted to trading. Shareholders are reminded that the Company will not be placing or issuing any new shares in connection with the secondary listing.
Today’s trading looks good for tomorrow
Interesting that POG looks to trade at a premium to LSE on the Moscow Exchange
If you google mcx:pogr You will see the price on the Moscow Exchange
I’ve now voted, took a few minutes to find the option on the website - if you’re with iii, login, click on Portfolio, under there you will see Tools and under there you will see Voting Mailbox
I’ve been very fortunate....Mine go back to the rights issue so they have done well. I did have more but top sliced at 20p back in Feb
I support the old board
2.26m shares
Remember tracker funds will be obliged to exit their positions over the next few weeks ahead of demotion from the FTSE 250 which was confirmed last night
Hello chaps, in for the first time at 35.99 With 110k shares, a snip at 40k, this will rocket as soon as there is some good news which will come soon I am sure!! Good luck everyone it will take a turn for the better soon enough!!
I made my first investment in Hurricane on Friday afternoon, 262k shares, I think this will come good just needs some patience. I read the following last night and the recent failed tie- back was only attributed 3p per share in value so I don’t think the drop is solely due to that, more likely poor sentiment due to the timings of releases - stating all is fine and there being no reason for the share price decline (and carefully wording this) followed quickly by disappointing news just blows away confidence and that takes time to be restored and will need actual real progress/results to impact the SP but this will definitely come in time
https://www.hannam.partners/umbraco/surface/MediaDownload/Download?file=2019
Hello everybody I’ve been watching for only about a month now and this seems a good investment at these prices so I’ve made my first buy this afternoon just before close. Hope I bring some good luck and we start moving back up now! Good luck all!
Total debt £238m
Perfectly put RB, this is exactly the reason for the Polygon short. They don’t want or need the SP to go down and won’t benefit from that
Yep makes sense, they don’t need to buy these shorted shares back as they will receive ones at a much lower price when they convert ... so there will be no short squeeze, but also there will be no mass selling once they do convert so the price at that stage should hold up ok. It’s taken a really long time to try and get my head round this one and I still may not have it fully!
(The million share “buy” is the UT and not a buy or sell)
No that’s the Uncrossing Trade (UT)
IRC was holding this back - the amount of free cash flow that POG will now generate going forwards should negate the risk of the IRC loan guarantees. I expect a significant re-rate in the coming weeks
Do we have a pre-update leak? SP on the up!
There’s also a new Investor Presentation posted on Friday
https://www.premier-oil.com/sites/default/files/presentation/200117-investor-pres-jan-2020.pdf