Summary
WHAT a mover - from the junior AIM market to the FTSE 100 in about eight months. Petropavlovsk, the former Peter Hambro gold miner, looks to be heading that way.
Although closing 6p off at 1,134p on profittaking, its recent strong performance on the back of the rampant record gold price and vague bid rumours, means it is a leading contender for inclusion into the elite index when the FTSE Steering Committee next meets in early December.See the full content of this document
Extract
Petropavlovsk has Struck Gold [Edition 2]
Analyst John Meyer at Fairfax agrees that it is set for the Footsie and could be re-rated to a similar valuation to Randgold Resources, 36p better at 4602p. Monday's half-year management statement...
See the full content of this document
Sponsored links
