Member Info for UpDownFlat

Since late Jan 20, i.e. the last three months, POG share price has increased in line with the sector. This is about 33%, from around 18p taking us to 24p. This is probably due to the increase in the price of Gold. Prior to that the increase from 10p to 18p was due to the re-rating, 2019 YE, 2020 estimate. These moves are lagging the events i.e. they first have to happen before he share price increases. It seems to me we are fairly priced around 24p unless we get an upside or downside in volume, cash, cost or EBITA in Q12020/19YE announcement. But, only for the moment…. What are your volume or cash thoughts ?

I guess :

Q1 Vol 160k (Sales)
Q1 Ending Cash $150M
Q1 Cost TCC $800
YE19 EBITA $200M

We could each have our own cryptocurrency and have unlimited amounts.

No, you are right, I am not. According to the bond analysts 130k of the 680 ish is third party. Thier might have been a purchase price increase on this, although some of this at least was purchased in 2019 at lower levels, So if we take off $200 per ounce for this, it still leaves $240m incremental drop though in 2020. Excluding the tax affects mayby $180k incremental cash based purely on GP increase.

Obviously there is also cost reductions (now potentially bigger given oil price and the ruble affect)

Cash generation should be an incremental +-$280M in 2020 over the 2019 level(+-$90M)

Kenj,
2019 is not a fair comparison for 2020.
2020 will have $400 more drop'ped through margin (at current gold prices) per ounce then 2019. $400X680,000 = $272M This is purely the increase.

Well done to the board and managment of the company.

Tend to agree,

as soon as the masses realise that free money for some is here forever.

I think this was due to polymetal results today. Twice the sales of POG and 10 times the Market cap.

Ladies and Gents,
let’s make sure we are open to all shareholders/opinions. The best way to have a voice with POG is to have lots of users on this board. I believe this company’s shares are a great buy at this time, but we need to keep the executive and directors honest.

Rustybucket, Q1 trading alone should have generated more cash then they need for this. If they don’t have it, what would they have done with it ? I realise they might consume more cash due to the working capital usage in a growing business, but unless we hear something else specific they should have the cash.

Ok, so to understand this. Two are needed to form a quorum and only two are allowed in the room due to covid. So the meeting was therefore going to be simply adding up the votes which were done electronically anyway. Did they not get enough votes for the desired outcome? Did the shareholders vote against authorisation of new shares? I know I certainly did. They should pay in cash.

Lawrence13, Russtybucket,

sorry I am a bit sour due to spending a lot longer in this share then I intended to. You are correct we dont have foresight, but given the situ in the world right now, I will bet on gold going up.

As long as we remain without hedges. Hedging could kill everything. Thankfully PH is gone, as he certainly had the reverse "midas touch" !

COE,
£1 would require Gold at $2000 for a period of time, say 6 months . It would really help the share price and margins if they could get additional floation lines online ASAP. I Think this should be the priority after TEMI and the new floation plant. Hopefully within 12 months we see £1. After 2020 results announcement.

I see two different prices now, futures continuous contract at $1758, spot at $1708.

I am going to make a guess and suggest that POG has $120M in cash at the end of Q1.

That should add 2p to the share price

Much happier now 3.5 % dilution is acceptable

I suppose that would cost a couple of £'m in fees.

A one for ten rights issue at 17.9 and I will take it up.

Good point Kenj
It is nice to dilute the convertible bondholders I try to do all my calc’s based on the bondholder fully redeeming the shares. Sorry I am frustrated, proably like a lot of people, we are taking the risk on this, so we want the reward. I am still voting "No" to item (2). If vote 2 fails it would be the best course of action for this company's shareholders, this is my point. They can do this another way.