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Guest Post Sam Bottell: Petropavlovsk (POG) – 2013 Guidance reduced – shares at year low but still a sell?

Tom Winnifrith
Friday 22 February 2013

I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a piece on Petropavlovsk. Sam writes…

A mid January trading statement from FTSE 250 listed Russia based gold miner Petropavlovsk (POG) was not entirely well received: although 2012 output will be ahead of estimates, 2013 guidance was reduced. That and the recent weakness in the gold price has seen the shares, which were trading at 750p a year ago, fall back to 302.5p, valuing the company at £567 million, but this is not one to bottom fish.

on TradingResearchPoint | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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