Member Info for UpDownFlat

One other positive note, I doubt the SP will drop. It has very strong suppourt here. I think this is related to the MOEX IPO price.

yes, you are right, next year should be good for POG. Volume will be rising. We are half way through 2021, so this might start to move in September.

Maybe they could buy POG ?

I wonder what IRC will do with $200m cash ?

Seems IRC is making more money the POG

Basing IRC as an asset on the NPV of future cashflows, it represents around 1/5 of the company’s assets.

about 1/5 of the companies assets being sold for $10m

7and28day,

"here except these pretty beads, for your land".

POG will do much better to retain the guarentee of IRC debt and get the cash flow.

You might be correct L3Trader. I think 1/3 of $100m cashflow for the year as a dividend plus $8.8m guarentee fee would pay for a fair bit of capex.

No, just venting

This is quite unfortunate. They could have cut the overhead. They could have retained IRC for the cashflow. Pity.

POG lessens risk by owning 31% of IRC, because Iron Ore is counter cycle with Gold.

zero MC......

KRSS,

no additonal market cap, but a cashflow source.

Volume goes up in 2022 and Gold goes up in 2023.

I think this share is being held in this range, until 2022

Positive RNS this morming. They are some way to a recovery in their production.

Lawrence,

I agree with the sentiment. Something is seriously wrong with this. By wrong I mean dishonest. Unfortunately, it seems as a shareholder in POG one is powerless to stop theft.
I thought the new management team were going to change that, but it appears they also to have their hands in the till.
The maths of IRC doesn’t make sense. They should like other iron ore companies be making super massive cash and profit based on their volume and cost structure. If you bought POG as a bet on commodities, to have that stolen when commodities go through their cycle is upsetting.
I have no doubt in my mind now that James Cameron and Denis Alexandrov are crooked based on the terms of sale of IRC.

Currently IRC should conservatively generate $10m cash in 2/3 weeks. Not a bad return,unless you are a shareholder.

Have you noticed that it in the corporate activities that money gets stolen? It’s a consistent pattern.