Member Info for UpDownFlat

40p might seem reasonable for Christmas, but not for January.

Diluted EPS of 3p per share, slightly more then th 0.8p(Undiluted) last year.

Think, in just three months we are looking forward to 2021.

POG fortunes are entirely dependent on the price of Gold. If Gold goes up according to some projections, this share will soar at a much greater multiplier than most. They are a highly leveraged, mid-cost, mid-sized producer with room to grow volume and reduce costs.

Even on these reduced numbers they have had a 'great' twelve months. Imagine what that would be like with an average price of say £2100.

The average for this year is no more than $1750 based on the 8% gold hedge. This gives a revenue of $720M and EBITA of $370M. The EBITA is 2.5 time higher than last year. The SP of gold is obviously the wild card. I personally believe it is still going a lot higher.

The interesting thing is the delay of the Pioneer floatation plant and of course the capex spend on the Malomir flotation plant expansion. Was the floatation plant going to be completed in Q4 2020 but like the POX hub not be utilised to capacity? Is the real limiting factor the Pioneer RIP plant?

Change of management, change of auditor this profit warning was bound to happen. Based on this by my calculation at a PE of 10 this should be 36p in 2020. This has just removed $100M of CF, which I think is now around $200M

Well, hopefully this third party company is no longer doing any work for POG. Especially if they withheld our data. Does this not makes his actions a defence of POG from a hostile third party ?

Ok read it , personally I think some of the staff need to go, for this company to make progress. Pavel was proably just giving in to their demands to stay in power. If the company is not allowed to change it cannot survive in a changing world.

I dont have the FT it would be interesting to see what there spin on this was. Do they suppourt the power of shareholders to appoint people or the power of staff to UDI. Can someone post what said.

I think this was really a very badly written RNS, presenting old information as new in a mixed up way. The challenge in the courts was I believe, the UK one occurring immediately after the AGM. Since POG is UK jurisdiction. Obviously the person who wrote it did not have a good grasp on English and wasn’t used to writing RNS narratively as a story.

Which might be mistaken for the start of repayment.

Alhough whats interesting is they are offering the bondholders a choice

Ok they way I see this: the company is offering termination or 8.25 + fee. Why would you agree unless you get a plus, as termination equals return of capital plus payout of 8.25 for 18 months. In the event they don't agree the company probably has a clause on repayment for 90 days in which case they raise a new bond at 4%. They were going to pay the interest anyway so they might get hit a secondary 18 month period of 4%., meaning £60m. So the fee is less then £60m it makes sense to try and get a proportion on board and repay the rest.

Feels like the good old days under Pavel....hey.......

Rusty, this was when some of the IT department declared independance about a month ago.

But of course if the bond holders want out of an 8.25% rate, I am sure this can be replaced at less then half that currently

It seems Citigroup are dotting the i's and crossing the t's on this very minor, technical breech.

Pavel and Peter will never be back especially when their cronyism gets officially documented.
I don’t think a self-investigation would hurt the share price. What’s hurting the share price is the uncertainty about management. Once it is demonstrated that things are operating normally the price will rise. And I believe new management have something to prove which means there mining plans will be ambitious, unlike the previous lot.
There will be a lot of price positive announcements coming over the next six months. If Gold holds or rises this share still has many multiples to go.

Good choice, the big five are all about politics and fees.

Or just get a company to give a qualified statement on a desk top review.

when you put an audit out to tender, companies have to work out an estimate of what it will cost. You have to meet them all etc.. It normally takes a few months to do. There are various locations so it is not the most simple audit. I believe the big choices are KPMG, EY or GT. Although I am sure the smaller ones are better, the big ones will carry more weight. I believe they can publish unaudited interim numbers.