Petropavlovsk (#POG) flags up Q4 trading statement from IRC - no great shockers
- 2016-01-20 00:06:12
UK 16:08 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
You have, by now, read my macro calls for 2016 which you may or may not have dismissed as complete mumbo jumbo but I hope they make sense. You will see that I expect the gold price to pick up during the next 12 months. Not to rocket but to improve and that makes Petropavlovsk (POG) at a 6.7p offer a very obvious first tip of the year.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Netplay (NPT) Petropavlovsk POG) and Plus500 (PLUS) and set share price targets for all three stocks.
We own shares in this one so I popped along to hear Peter Hambro of Petropavlovsk (POG) present in person. The Sunday Times reports that today some Russian has built a 20% stake and might bid. I hope not as I see these shares at 19p within three years - they are 6.4p today and a buy.
John Meyer of SP Angel this morning comments on AngloGold Ashanti (ANG), Horizonte Minerals (HZM) & Petropavlovsk (POG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares of Avon Rubber, Petropavlovsk, Hochschild Mining and offer some share price targets for all three stocks.
Petropavlovsk (POG) has updated that it “successfully achieved its Q3 production levels” and “is confidently following its repayment schedule and expects to stay within its financial covenants at the year-end results” - good news!
John Meyer of SP Angel this morning comments on Aureus Mining (AUE), Petropavlovsk (POG), Shanta Gold (SHG) Sirius Minerals (SXX), SolGold (SOLG), Stratex international (STI) & Vedanta Resources (VED) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Investment Case: As noted last month with Berkeley Energy, it is not a surprise to see eye-watering share price declines over previous years for stocks with sector: “Mining”. Shares in *Petropavlovsk plc, formerly Peter Hambro Mining, (POG) have particularly suffered – they down from more than 400p at the commencement of 2011 and more than 100p at the commencement of 2013 to a current 6.47p offer price – amidst a combination of sector-wide and company-specific challenges, the latter including a vast debt pile. However, a recent refinancing and refocusing – with production now being optimised from a cash generation point of view – now offer the promise of a decent recovery from current levels and the shares are a buy…the target price to sell is 19p within three years.
John Meyer of SP Angel this morning comments on Asiamet (ARS), Central Rand Gold (CRND), Condor Gold (CNR), Gem Diamonds (GEMD), Glencore (GLEN), International Ferro Metals (IFL), Metal Tiger (MTR), North River Resources (NRRP), Petropavlovsk (POG) & Premier African Minerals (PREM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at the shares of Arrow Global (ARW), Optimal Payments (OPAY), Petropavlovsk (POG) and offer some share price targets.
Broker SP Angel has slashed its forecasts for gold miner Petropavlovsk (POG) citing lower gold prices and output predictions. But with the shares at 5.5p it still sees 40% upside wth a 7.7p target price (down from 11p). The broker note is detailed.
I am generally speaking a gold bug, I believe gold will go higher, the long term fundamentals support that, but whether gold goes higher this year or 5 years from now, I don’t know. The reality is the market forecasts for gold are between 1000/oz., and 5000/oz., anytime within the next 5 years. To quote Mr. Keynes, “the market can remain irrational for longer than you can remain solvent”. Based on that I prefer producers with solid margins, and solid management that are undervalued based on fundamentals. I believe Petropavlovsk (POG) to be in that category.
Bombed-out former gold mining star Petropavlovsk (POG) is cutting costs at its mines in Far East Russia’s Amur region and paying off debts as it maintains its drive to cut costs, boost efficiency and curb expenditure. The fully-listed company, whose shares collapsed from more than £13 five years ago to 2.17p within the past 12 months before bouncing to 6.57p now, says half-year figures will show it is on track to cut its average cash costs, before financing, from $700 (£450) an ounce to $600, against a current depressed $1,093.48c market price.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Exova (EXO), Infrastructure India (IIP), Petropavlovsk (POG)
And now for something a little different from UK Investor Show, a video of a face to face interview by mining guru Amanda Van Dyke with Peter Hambro of Petropavlovsk (POG)
