UK 16:06 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Petropavlovsk(POG) has highlighted an announcement from Hong Kong-listed associate company IRC that waivers in respect of IRC's project finance facility with ICBC have been conditionally granted – including for obligations for Petropavlovsk to comply with certain financial covenants.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
alcira16247
Tom
As indicated by the recent 2015 results of Highland Gold (HGM), Russian producers are beginning to deliver significant benefits to the bottom line by, (a) management’s dual focus on optimising costs and maximising throughput across the Company’s operations and (b) the devaluation of the Russian Rouble against the US$.
Continuing golds long term trend to breaking the $1300 barrier further adds to the investment case, as balance sheets are strengthening with stronger net cash inflows.
Accepting there may still be large impairment charges/exchange rate losses, I fully expect POG to deliver pleasing results, mirroring HGM’s, of further costs and efficiency measures thus delivering strong operational net cash inflows enabling quicker reduction of debt levels, further adding to the markets growing confidence in the POG recovery story.
Already over 18% ahead since tipped by SP, the story looks to get even better!