06/05/2016 19:44:36 Cookie Policy +44 (0) 207 0700 961 Free Membership Login
Share Name Share Symbol Market Type Share ISIN Share Description
Avocet Mining LSE:AVM London Ordinary Share GB0000663038 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.285p +3.33% 8.84p 8.12p 9.29p 9.30p 8.70p 9.00p 2,399,444 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 70.9 -90.0 -43.1 - 18.48

Avocet Share Discussion Threads

Showing 16851 to 16875 of 16875 messages
Chat Pages: 675  674  673  672  671  670  669  668  667  666  665  664  Older
DateSubjectAuthorDiscuss
06/5/2016
19:42
Hi Paul I'm looking for the best recovery play should POG go to $1500 and beyond. Any views? I can't seem to get past those wily canucks.
bionicdog
06/5/2016
12:01
edgein - where does the cash come from once the current reserve at Inata is depleted? They do not have the cash to develop Guinea and those assets are secured on the loans from Elliott, who own about 30% of the equity anyway, or at least they did when i sold out some years ago. I just dont see how they can produce enough cashflow to yield anything to holders. regards, Paul
polaris
06/5/2016
11:39
Paul, Surely it pays to have a mix of high and low risk investments in any porty with it obviously being weighted towards the lower risk. Also would you not imagine that Inata should be rebooked as an asset since costs are now $925/oz and gold is at $1280/oz. Past losses and write downs were on very different economics. Is this not a high risk recovery play based on improving gold prices, a lot hangs on Guinea as the article points out, but the saving grace here could be the improving gold price. Not only to get a JDA for Guinea but also for the estimated 75-85000oz estimated production. If all things remain equal and AISC remains at $925 and they keep $355/oz margin then that $28.4m free cash flow over 12 months. Should gold go above $1500 and they keep control on costs then it would improve further. The guinea government need to be reminded that it was Ebola central until recently and not exactly the ideal time to carry out a due diligence or site visit. It would be a little harsh if they didn't extend the development period by at least 6 months. But that's the risk of dealing with Africans or Chinese, so not everyones cup of tea but not without some merits. Regards, Ed.
edgein
06/5/2016
11:17
Hi all, AVM has been a basket case for years. It made me a lot of cash at one point in time and i was quite an activist investor here, holding some 125k at the height of my holding in the mid 200s. The hedge destroyed this company and a whole raft of other problems then came along. I cannot see any way of the current debt being paid back, whatever the pog may reach. The negative equity says it all really. At some point Elliott will pull the plug, take the assets as they are secured against the loans and sell them on to another small miner. AVM will fold. This is one for the penny gamblers and not any serious investor. regards, Paul
polaris
06/5/2016
10:34
Bionicdog, Yeah that pretty much sums it up. Regards, Ed.
edgein
05/5/2016
19:41
Interesting read. http://masterinvestor.co.uk/commodities/avocet-spike-seems/
bionicdog
05/5/2016
14:16
Oslo closed for Ascension Day holiday. So a bit boring here today I'm afraid!
nofool
05/5/2016
08:08
At 08:05hrs: 50 shares traded at 8.1p (-.45p) on a 15% spread of 8.1p-9.25p. Well I suppose it's got to start somewhere, just to get the show on the road!
colinvest
05/5/2016
08:04
At 08:03hrs: Another auction-delayed opening price today ..!
colinvest
03/5/2016
13:10
Those were the days. Bought at 19p , sold some at christ knows what and watched them fall to nothing. Still have a few in the drawer somewhere , might dig them out if they go much higher.
bionicdog
03/5/2016
12:23
squidd by name! ..no fool by nature.
nofool
03/5/2016
12:15
AVM pulling back hard in Norway right now. nofool Buying like crazy into the dip. Join me..
nofool
03/5/2016
12:14
AVM peaked at 286p on Sept 9 2011, so today it's still over 96% down from there. My Sharescope chart continues to scream BUY, and I will, on the dips, if I can dredge up some funds. I don't just bottom-fish in the stock market: last summer, I was fishing with the small grand-children in Salcombe harbour, when we caught a small jet-black fish with no scales. I'd never seen anything like it, and neither had anybody else. So we were quickly surrounded by a crowd of eager youngsters admiring the catch. I got out the camera to record this for posterity, but before I could focus properly, it changed before our eyes into a speckled brown fish. It was a chameleon blenny.
squidd
03/5/2016
11:14
Looking good today and plenty more to come.Also take a look at GWMO, they have a massive Gold-Copper asset in the US, mkt cap Only £1mill and with over 700k in the bank.Well funded for drilling just about to start targeting high grade Gold-Copper epithermal plume.Could ten bag easily..
apfindley
03/5/2016
10:59
I'm starting to Buy again in Norway.
nofool
03/5/2016
09:47
Next retrace, I'm loading up with some more. AVM is now worth the risk don't you think?
nofool
03/5/2016
09:46
..so no shortage of oxygen just yet!
nofool
03/5/2016
09:43
If there is to be a Gold boom, then AVM at this price, is just in the foot hills right now.
nofool
03/5/2016
09:37
Morning troopers!
nofool
03/5/2016
09:33
I had all but given up hope on my holding, but two years down the line I feel like holding my holding. Gotta hope for good news from somewhere.
bhj
03/5/2016
09:31
Nofool, Yeah the response in the short term by the gold price and the Norwegians has been outstanding. Couldn't have hoped for better. I was hoping to see 11p over 3-4 months rather than 2-3 days! Regards, Ed.
edgein
03/5/2016
09:16
Hello. Anyone out of bed?
nofool
03/5/2016
09:15
11p. Do you like it?
nofool
03/5/2016
08:24
Going great guns!
nofool
03/5/2016
08:03
08:03 and still in auction ..!!
colinvest
Chat Pages: 675  674  673  672  671  670  669  668  667  666  665  664  Older
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