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Avocet Mining Share Chat - AVM

Share Name Share Symbol Market Type Share ISIN Share Description
Avocet Mining LSE:AVM London Ordinary Share GB0000663038 ORD 5P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25 +5.71% 4.63 4.25 5.00 4.25 4.25 4.25 283,192 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 70.9 -90.0 -43.1 - 9.67

Avocet Share Discussion Threads

Showing 7225 to 7250 of 7250 messages
Chat Pages: 290  289  288  287  286  285  284  283  282  281  280  279  >>
DateSubjectAuthorDiscuss
30/5/2015
21:54
17% down, 14% up to follow next day. Maybe insolvent but some don't care!edjge2
28/4/2015
21:22
Well done Paul for calling this right time and time again. You saved many a PI from losing money including me! Big thanks! :)a.fewbob
28/4/2015
14:44
There are two consequences of this. The first is that under section 656 of the Companies Act 2006, we are required to convene a shareholder meeting to discuss this with shareholders, as well as outlining how we will endeavour to improve the situation in the future. The second is that the Directors' borrowing powers under the Articles of Association, which are calculated by reference to a multiple of shareholder funds, are effectively removed. We will need to modify this clause to ensure the Board is able to obtain the short term financing it needs to develop its interests in Guinea and cover corporate costs. Another way to put this is that AVM are insolvent! Why not just wind the company up and give the assets to Elliott as major shareholder? Borrowing more money from them is only delaying the inevitable. Probably because the directors are still taking home the pay cheque and will continue to do so for as long as someone is willing to pour money down the drain... Paulpolaris
28/4/2015
08:02
Dreadful results, Current liabs £78.38m Non-current liabs £47m NEGATIVE total assets £(21.13m) http://www.investegate.co.uk/avocet-mining-plc--avm-/rns/2014-full-year-results/201504280701104936L/giant steps
06/2/2015
08:39
O/T G.S. thanks. I'll look into it. Article last night in eurasianet.org by Joanna Lillis said there are worries about the Kazakh Tenge devaluing again this Feb., so that is one minor, extra reason to get into GBGR before it happens!nobull
06/2/2015
07:41
O/T Had it on watch for years but was always more interested in ex-HMB (now GBGR) You will note with interest one of the non-execs ;-) http://www.investegate.co.uk/hambledon-mining-plc/rns/change-of-adviser-and-directorate-changes/201302201452553253Y/giant steps
06/2/2015
07:30
G.S. Yes, agreed. Another one to look at with similar leverage, I wonder, is TSG (relatively short mine life provides the leverage?), and that will get a temporary benefit from rouble devaluation, but that is probably all in the price already.nobull
06/2/2015
07:17
It's certainly one to watch, never a dull story given the history edit: Reminder - Inata's life of mine is likely to be 2-3 yearsgiant steps
06/2/2015
07:13
I am not invested here. Wish I was. This morning's reduction in cash costs and increase in production for the 4th quarter looks good. The reduction in "waste mining" must be due to shortening the mine life by high grading it. I recall they took a write-down for shortening the mine life in a previous set of results. The only fly in the ointment then was this: "In light of the strike and the uncertainty around the life of mine, these discussions have continued in order to apprise them of the situation and maintain their support. "nobull
27/1/2015
17:12
nice wubble-u charted, AU sniffing 1300.edjge2
23/1/2015
20:04
not many on the up today, still legs here?edjge2
21/1/2015
08:27
finance deal expect another strong day heretraidemark
20/1/2015
17:29
wow quite a jumpedjge2
12/12/2014
07:48
Polaris, it has been some journey with AVM I read your comment in #1541 "AVM continues to be a basket case that has been gutted by the Henry hedge." ; I totally agree and well flagged by you and me over the years if i recall correctly. News today 12 DEC 2014 http://www.investegate.co.uk/avocet-mining-plc--avm-/rns/end-of-strike-at-inata/201412120700135782Z/ Observe "Damage assessment and assessing options for a return to operations may take several weeks."giant steps
08/12/2014
14:58
One last nail in the coffin here with today's announcement?polaris
26/11/2014
19:35
Do they still mine tungsten ? Am holding Wolf mining, Tungsten mine in Devon opening in March/Aprilkatie priceless
14/11/2014
21:52
crikey .. what a darned pity for buyers above a pound, there will be a few all right.hectorp
20/10/2014
08:35
what is going on here is it deadresourceful
01/9/2014
22:47
Bad Robot you DOG! I see you're sniffing around here as well!!shaf200
08/8/2014
17:15
Charity does not always begin at home it would seem If GOLD drops back below or stays at $1300 for any length of time .... and it seems stuck around this number for quite a while already now, then this little birdy is stuffed David Cather, Chief Executive Officer, commented: "Today's announcement highlights the hard work and encouraging progress the company has made at Inata. As a result of efforts to reduce costs and capex in 2014, Inata's funding requirement of US$15-20m is now expected to be addressed by arrangements with Ecobank and other parties that will ease liquidity in the rest of the year. The focus at Inata over the second half of 2014 will be on further cost reductions and on successfully commissioning the carbon blinding circuit in September, which will increase monthly gold production. With a lower cost base and higher production expected for the future, we are now looking at the upside potential in and around Inata."buywell2
Chat Pages: 290  289  288  287  286  285  284  283  282  281  280  279  >>


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