UK 17:30 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.
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.
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Comments
wildrides
Barge pole ……….. massive debt ………. its operating in Russia whom we need to sanction and isolate . High political risk . Of all the gold plays out there in the gold space many will perform better over a three year time span with less risk than this play . Yuk …….. what are they thinking ? Left field certainly .
alcira16247
Tom
I couldn’t agree more with your and Steve’s analysis.
I’d also point out the recent large share purchases made by a number of notable investment funds, which seem to indicate they regard the company as being of an acceptable risk and longer term recovery play.
Not one for the widows and orphans fund but should the gold price move up sharply and the political landscape become less volatile, Petropavlovsk may well prove a sound investment.
Mr Hambros gives the impression of being a man on a mission, not only anxious to recoup some of his huge personal losses but a desire to redeem his reputation within the City, of being a very sharp cookie.