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Real-Time news about Avesoro Res. (London Stock Exchange): 0 recent articles
|bikwik: Thanks chip, puts it in perspective, and indeed in very good light in fact. I have already pointed out the chart position which not surprisingly, because the share price is at rock bottom, has fallen largely on deaf ears.
The time to buy is when interest is very low, but also when there is a clear opportunity, missed by many, as is usually case just before the turnaround comes.
Also I respect your opinion greatly as I know that you have done sterling work on a very large number of gold and silver stocks and unstintingly post your views, which are respected by many, on a regular basis.|
|redcloud: MNG has deliberately been putting -ve (negative) spin on updates since MNG taken over solely to crash share price. So they can buy the company for peanuts!|
|chipperfrd: Another way of looking at it is that they have 1.143 Moz M.I. Resource (inc Reserve) at a grade of 3.63g/t. Based on the current share price that works out at US$18.4/oz whereas, on average, a producer in steady production would have it's M.I. resources valued at more like US$250/oz.
So potentially a decent upside beckons once they have sorted out all the current hurdles!
Clearly very speculative and not for 'widows and orphans' but stocks with cheap and economic in-ground gold oz are arguably a pretty good place to be right now.
Infrastructure, mining and processing are in place and a deep-pocketed outfit has bought in heavily. Put it all together and then apply the probability of upside to downside risks and place your bets!!
|arf dysg: Why do people even look at charts of the share price? Charts of the market cap would be much more revealing.|
|bikwik: If this follows through on the upside tomorrow, then its definately running.
Obviously things don't always work out as one expects. But it does have a lot going for it techically (as you can see from the chart.....self explanatory) and fundamentally.
MNG have saved it from going bust through a liqidity crisis. So its not going bust! That Turkish bloke has obviously seen to that. Arguably he might want to take it private like all of his other businesses. However, the RNS statements don't seem to read that way at the moment, so given its potential (once it gets delivery of the correct chemicals...this time and it gets processing definately back up) then with gold north of $1300 I really can't see why the market won't cotton to the recovery potential here tute sweet.
He could come back later on to buy out the remainder, but hopefully by then the share price could have doubled. Ok its got to close the 5p to 6p gap on the chart. However, if they come out with some good news (which is realistically feasible) then it could close the gap soon.
Not saying it will but the world is full of surprises at the moment.
Just seems like a good risk/reward trade/investment. Does anyone else agree?|
|goldbar1: Here is what happened that caused the share price to crash from 13 cents area down to 5 cents as shareholders sell in panic. The discharge of toxic effluent into the river is not an accident but a deliberate criminate act. While I am bullish on the company's potential, I am cautious about what action the government will take and what the banks will decide on granting the company an loan re-schedule. Investors should not over invest and put all their life savings into it, they should invest what they can afford to lose. Share price will unlikely continue to rise until good news that the problem has been resolved, those who bought at lower prices should take profit and maintain "wait and see" attitude. In the worse case, the Liberia government may not allow production re-start for many months because it is deliberate criminal act, and as the company default in loan payment without granting loan re-schedule, the company could be forced into bankruptcy with its assets sold. ~~~hxxp://www.frontpageafricaonline.com/index.php/news/519-liberia-s-first-commercial-gold-miner-slapped-with-us-10k-fine
Read more at hxxp://www.stockhouse.com/companies/bullboard/t.aue/aureus-mining-inc#DsP07KdIAWGJFPdx.99|
|bsg: If only we could link the pay of the BOD to share price.|
|dgarvey: Just sent to the company -Please can the audit committee explain why share options have been awarded at the current price when the share price has collapsed by over 66% in the past few months.If the audit committee were truly looking after shareholder interests, the options would be vested at a significant premium to today's price, maybe around15p which it was in November.This smacks of the old boy network lining each other's pockets.Maybe, in the interests of transparency, you will review the vesting requirements and publish them, so shareholders (your employers) can determine whether they are fair and challenging.Frustrated shareholder|
|ridicule: The key question is what today's news does for the share price given the current weak POG. There is margin value, even at today's POG, and analysts will start assessing AUE as a gold producer from here on with the value add of the surrounding exploration prospectivity. On balance AUE is now looking under valued at the current share price|
|the count of monte_cristo: Robrah - yes I have thanks, and I do like the stock here, potential looks very good and Steves posts have been most helpful in aiding my research. However at the current time, and due to yesterdays tick up and todays movement I have not purchased any stock yet.
I have instead decided to increase my exposure to silver via BMZ and HOC (my strong belief is that POS will significantly out perorm POG and that as there are only about four pure play silver stocks currently listed on the LSE that these silver stocks will in most cases outperform a basket of gold stocks. My analogy to the LSE listed silver stocks, in the event that POS does continue to push higher over the coming months and years, is that of rushing water being channelled into a funnel, if you want access to silver stocks on the LSE you have so few choice, when compared to the gold stocks of which there are 10s of companies.
I will closely follow events here and thanks again for your help and assistance with my research. Kind regards, The Count.
I will leave you with this note, sourced from Vanatu from the BMZ bb, in regards what happened with some of the precious metals stocks during the run in the late 70s which ended in a mania and parabolic spike. Enjoy;
Bankeno 1975 share price $1.25, 1980 share price $430.00
Wharf Resources 1975 share price $0.40, 1980 share price $560.00
Steep Rock 1975 share price $0.93, 1980 share price $440.00
Mineral Resources 1975 share price $0.60, 1980 share price $415
Azure Resources 1975 share price $0.05, 1980 share price $109.|
Avesoro Res. share price data is direct from the London Stock Exchange