Avesoro Res. Share Discussion Threads

[stevie blunder] 15/12/2016 09:39

OK

I Miss spelled the Company name in the Header of the new thread here:


what an idiot.

So I have started again here:



I used the suggestion of The Bull for the thread title. Thanks, much more imaginative than me :-)

At least not too many posts will be lost.

[k3ndo] 13/12/2016 11:10

Thanks Stevie

[stevie blunder] 12/12/2016 15:48

I've set up a new thread :



Charts are not working due to the ambiguity of ASO. Hopefully ADVFN will fix this.

[the bull] 11/12/2016 23:51

ASO - Turkish Delight in Liberia?

[stevie blunder] 11/12/2016 18:47

Richard Griffiths returns with 4.17%. Interesting.

Will be trading as ASO on Monday, so this thread will be out of date, don't think the charts will work.

Any volunteers to set up new thread? Not something I have done before myself.

[stevie blunder] 08/12/2016 13:13

The default waiver on the debt runs out on 14th Dec, so expect news on the 13th!



I've just been looking at the October presentation on the website, they say that MNG is in talks with the lenders about giving them a corporate guarantee in exchange for a relaxation of covenants and "re-sculpting" debt payments. Hope that goes well.

One of the charts says that 2017 cash costs are projected at just over $600/oz before rising in future years.

Interesting that of the funds raised $5.0M was for the continuation of exploration, ie they want another mine.

I've had a few more on the basis that the Turks seem a canny bunch and don't want to lose their large investment.

[pottermagic2310] 08/12/2016 12:02

In theory, the latest Leaders will have put a more robust Operation in place with higher quality productivity & output, at a considerably lower Cost and once the current ramp-up is in place, the Business will be producing more for less with profitability the name of the game... what can possibly go wrong, taking into consideration all the Lessons Learned and experience of the new Leaders/primary Shareholder ?

[ukgeorge] 07/12/2016 13:30

60M traded so far.......... I think we will have plenty of opportunities to get shares at 1.5p

[the bull] 07/12/2016 11:49

the 250K just now was a buy

[the bull] 06/12/2016 19:26

dropped back i see, may have a nibble tomorrow if back under 0.016

[beeezzz] 06/12/2016 17:17

Fat salaries on AIM now that is a surprise.....no profit is not

[ukgeorge] 06/12/2016 12:04

yes i just tried, 1.63p to buy, but to sell 90000, need to ring up.

[the bull] 06/12/2016 11:45

just had another go for 250K and offered 1.63p this time yet offer listed at 1.75p on advfn screen

[ukgeorge] 06/12/2016 11:30

yes ditto, or when the UK millionaire was throwing cash in around 15p.

The main alarm bell was the way the last management had no exposure, just very fat salaries

[the bull] 06/12/2016 11:07

If they do relax back, I may well take some more. Damn glad I didn't rush in when the turks first put in their funding and awarded themselves options.

[ukgeorge] 06/12/2016 11:02

yes, we can hope that is the case. I didn't fancy chasing them higher today, feel we will likely get a chance to buy under 1.6p. Given there are so many in issue now.

But if they start releasing a few good bits of news 2p will likely come quite quickly. Roll on hitting 20koz this quarter

[the bull] 06/12/2016 10:58

Surely only one way to go now unless other disasters around the corner, funded and new management rewarded for future growth. no ramp intended

[the bull] 06/12/2016 10:57

Annoyed I waited now when could have got them first thing. Bought at 1.65 for 250K

[ukgeorge] 06/12/2016 10:08

1.6p to buy a small amount

[soulsauce] 06/12/2016 09:44

All done and dusted, name change and 4bn shares, what now consolidation?

[beeezzz] 05/12/2016 21:52

I'd wait till Trump gets made president, POG could fall further depending what the billionaire decides....is best for US economy...Next year could be very interesting depending on outcome of upcoming elections, Euro could be thrown into turmoil making gold a safe investment...

[pottermagic2310] 05/12/2016 21:20

SP at 1.5p and 5,314,039,001 shares in issue (as of tomorrow) = £80m but the Market values the Business at about £18m prior to the Fund Raise and imminent Share Issue, so that could mean an MV of about £90m, so maybe the share price will rise a little to 1.7p in the near future.
Wondering whether to get in again 1st thing at 1.525p or thereabouts or wait and see what occurs over the week ???