Petropavlovsk (POG) has announced results of its adverse weather-induced (are you reading Al Gore?) impact assessment at Andreevskaya East – with both negative and positive outcomes.
An easing of debt risk for Petropavlovsk (POG) has moved a significant step closer – with it announced that the company has received approvals for the refinancing of its entire bank debt of $529.8 million from its lending banks, Sberbank and VTB.
As a climate change "denier" I have written elsewhere about how global temperatures are plunging not, as the BBC might lead you to believe, heading higher. You can see a recent article on that matter HERE. And thus Petropavlovsk (POG) serves up news from Russia which does not surprise me, but which might shock your average Guardian reader.
Updating last month on Petropavlovsk (POG), we noted debt risk but reassurance that “key terms have been agreed in principle for the rebalancing of the group’s debt maturities with its production profile”. The company has now further updated – including that it“expects to be in a position to confirm details of the refinancing shortly”.
Half-year results from Petropavlovsk (POG) emphasise a return to profitability, though also reiterate that for the full year “expectations to be at the lower end of our original guidance of c.460,000-500,000oz” and net debt of $598 million.
Most gold shares have soared over the past few months. Petropavlovsk (POG) shares, which we own, have not. At C7p we are ahead of our tip but not by much. It is disappointing and we apologise. But we have not lost faith. There are reasons for the lacklustre showing which came through in a first half trading statement and in a long chat with CEO Pavel Maslovskiy and chairman Peter Hambro.
Petropavlovsk (POG) has welcomed latest news from its Hong Kong-listed associate company, IRC, as “a significant step forward in bringing K&S into full commercial production during Q3 2016”.
We own shares in Petropavlovsk (POG) and wont be selling at anything like the current share price. Our target to sell is 19p. I hope this presentation from the head honcho Peter Hambro explains why we are able to be so bullish.
There’s been news aplenty from Petropavlovsk (POG) in recent days and the bull case remains very much intact.
In anticipation of the UK Investor Show this Saturday, where I am speaking on both the main stage and in a breakout session, Tom has asked me what is my all-time favourite UK gold stock is, and I have to admit I was a bit pressed for choice so I have decided to cheat a little and give you my top 3.
Having last week noted the conditional granting of finance facility waivers including for obligations for Petropavlovsk (POG) to comply with certain financial covenants, the company has now highlighted a further update from its Hong Kong-listed associate, IRC.
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.
All broker research is meaningless gibberish and so with that caveat I bring you - flagging that we own the shares - because it is quite interesting a stance & target price upgrade from last week from Bank of America on Petropavlovsk (POG)
Petropavlovsk (POG) has updated on its fourth quarter and full-year 2015 performance and what its strategy, “focused on the group deleveraging and on cash cost optimisation”, means for 2016.
Petropavlovsk (POG) has notified UK Investors of a further announcement from IRC Ltd, the Hong Kong-listed industrial commodities company in which it is a significant shareholder.
