Member Info for UpDownFlat

WestEast, you are a star please continue.

Peter Hambro should avoid making quotes with the word "promise" in them.

RetiredBanker,

then may I ask, why not sell your shares here and put the money into the shares that give you the higher return? Follow your own advice. It doesnt make sense to keep your money in something as risky as this for a 10-15% return. Even safe shares like housebuilders are currently half price.

RetiredBanker,

30p seems very cheap. I think 80p in twelve months and higher then a pound in eighteen provided gold stays at $1700.

If this is excluding POX than it is a annual run rate ignoring a larger Q4 of 463k Ounces

Say 125k own material and 130K external , total equals 718K ounces for the year.

Russia seems to be getting it full on, Amur Oblast is :
102 active , 20 recovered , 1 dead
Lets hope, for there sake and ours, they dont get hit badly.

And $300m more revenue driven by price alone drops straight down to the bottom line (except for taxes)

I think one interesting possibility that has not been discussed to much is that Uzhuralzoloto has high grade refractory ore that POG has purchased already.

VTB is a lot closer to operations and results than the UK analysts.

This might be relevant and audit scrutiny is always better for the shareholders. We want transparency so this is the price.

Examples of non-adjusting events that would generally result in disclosure include:
• management’s plans to deal with the effects of the COVID-19 outbreak and whether there is material uncertainty over the entity’s ability to continue as a going concern
• breaches of covenants, waivers or modifications of contractual terms in lending arrangements
• supply chain disruptions
• the assessment of certain purchase or sale agreements as onerous contracts
• announcing a plan to discontinue an operation
• announcing, or commencing the implementation of, a major restructuring or downsizing (temporarily or permanently)
• declines in the fair value of investments held after the reporting period (e.g., pension plan investments)
• abnormally large changes in asset prices or foreign exchange rates, and
• entering into significant commitments or contingencies, such as issuing significant guarantees to related parties

Jetcom,

I think there is a possibility of an upside surprise. Especially in relation to purchase of 3rd party concentrate. I also believe people are generally pessimistic on margins related to 3rd party.

I don’t think delayed results imply bad news, normally if you have bad news you get it out as quickly as possible.

This doesn’t show Pavel in a bad light, this shows that the BOD has no influence. There are many listed companies where they appoint token people to the board.

I think the executive are mavericks, which can be great, as long as the BOD do their job and provide proper checks and balances.

The management team are good, the BOD are not.

Keeping a healthy cash balance is a platitude. Since POG are paying 8.125% plus for this cash, why would they keep a large cash balance? It doesn’t make sense. If POG have known cash liabilities, plan for them. Otherwise use the cash to purchase the land.

If the BOD of M&S decides to buy some land from a connected third party at a 40% premium to the possible contractual terms at the expense ot their share-holders would there be consequences?

I believe that POG has the cash but it is not in the connected third parties’ best interest to except the cash. I have noticed when the BOD wants to talk things down they use words like “satisfactory” or “comfortable”.
I think the rise in the price of Gold was not expected.

on the share price this year.

You didnt vote for christmas

Hi Lawrence13, where did you see that?

I voted Yes and No

A lot of the time with two people meetings like this, they are not even really in attendance. Both parties just sign to say that they were there. This is definitely down to the voting. Maybe only a low percentage had voted?

This does not sound like wednesday.