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AVM Avocet Mining Plc

13.10
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avocet Mining Plc LSE:AVM London Ordinary Share GB00BZBVR613 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.10 11.40 14.80 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Avocet Mining Share Discussion Threads

Showing 7076 to 7098 of 17000 messages
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DateSubjectAuthorDiscuss
23/1/2006
15:23
Kojak78, AVM has had a good run, in your opinion when do you think we will have the RNS with regard to upgrade in reserves and when are the interim figures due? Thanks Boxxy.
boxxy
23/1/2006
14:46
The problem with gold price declines is it doesn't tell you anything about gold stocks. Gold stocks know more about the gold price, that's true. It's best to not consider the gold price while analysing gold stock technicals.

We got the Dec. spike to 540, well, gold stocks told us the gold price didn't rise for real. So based on the gold stocks that spike never occured and if you just replace the spike with a sideways movement in the 495 range the XAU and HUI charts look perfect.

Same thing happened in 1980, in January we got that huge spike, gold stocks once again didn't react to that so much, they traded higher in October 1980 with a lower gold price high which was no spike.

kojak78
23/1/2006
14:31
Well, I'll stick my neck out and say that I believe the consildation will be betwen 500 and current levels. Dont expect we will ever see sub 500 price of gold again. Regards AVM, I see price maybe pulling back a little, but not much. We have just had a long overdue rerating and remain significantly undervalued. IMO.
holdontight
23/1/2006
14:24
Does anyone know why there isn't any streaming data on UB04 (mining sector) on ADVFN charts?
harami
23/1/2006
14:08
it was the quick price rise that bothered me. over the last few years AVM has moved in a pattern always rising to the top this time of year, I just didn't want to loose the profit that I'd made. I shall monitor AVM when I feel it as settled I shall buy back in.

My largest holding is in MLW.

yam114
23/1/2006
13:26
Great to have quality posts back.

Kojak: fascinating point about the duration of price top spikes. While it is always nice to see the share price rise, a period of consolidation would probably be healthy at currrent levels.

I am rather surprised we did not see a tree shake this morning in the general market weakness.

saucepan
23/1/2006
13:00
Costs are ca 250 to 300. Dont see that as an issue any more.
holdontight
23/1/2006
12:55
Meekatharra - I wouldn't buy into that. I remember the costs when St. Barbara owned those operations very well..

The real alternatives to Avocet are undervalued producing companies with average to low cash costs. IMO the only ones are
Minefinders
Resolute
Emperor
and only if you do think Taror/Chore feasibility won't happen.

They all have their own problems, Emperor has 85% of shares in DRDGold possesion (if DRDGold need cash they'll sell shares). Resolute has hedges. Minefinders has to build the mine (already financed by debt) and could decline more during a gold sell-off (if one is around the corner..)

I own all three and if I had to make a ranking it would be
1. AVM
2. MFN
3. RSG
4. EMP
(I own small positions in MFN, RSG and EMP now).

Upside potential for AVM based on the (gold price - cash costs)*reserves method (most accurate IMO, low p/e ratios can be misleading if you have short reserve life) is 150% to 170% until October (HUI 450, gold price 650) and +350% until 2007 with gold prices of $900. Excluding potential 2 mio JORC reserves in Taror/Chore!

I feel I'm a bit overextended now, but I won't sell any AVM shares as they are tax-free and will be tax-free in October. US$ shorts are doing very well now, too. Any gold stock correction should be max 20% in early to mid Feb., or sideways until March. I feel AVM could drop back to 120p, but gold stocks could as well climb the wall of worry until October!

Gold price 650 and HUI 450 mean relative HUI of 0.7 topping the 0.6 ratio of late 2003, that could be the intermediate top. Any correction now will only be short-lived and it is worth to sit on your shares through such a correction.

Notice that every previous AVM top was a 1 day or 2 day spike. Now we're consolidating above 140, something new.

kojak78
23/1/2006
12:03
Yam, I have only sold 5000, still retain a very large holding (for me!). Nothing has changed with AVM, still one of the best plays there is and imo a very professionally run company.

However, if you want somewhere else to consider putting your profits, take a look at MCR, article below. I also think PGD are a good and well run company, with suberb management. TMG are for the brave of heart only!


Minews Story Date: January 20, 2006

Mercator Keen To Make The Most Of The Gold Price.

By Stephen Clayson

Due to recommence trading on Friday after the finalisation of a company making deal is Mercator Gold (AIM: MCR), a small company with big plans to capitalise on the strength of the gold market. Mercator's managing director Patrick Harford even trumpets the company as "London's best gold play". Readers should make up their own minds, but Mercator is certainly in contention for such a covetable, albeit subjective, appellation.

Key to Mercator's investment proposition is this transformational deal, under which the company has bought out its former joint venture partner St Barbara Mines' share of the twosome's agreement covering gold concessions in Australia's Meekatharra region, as well as acquired from St Barbara additional tenements in the area. This has allowed Mercator to consolidate in its hands virtually an entire gold field, along with, crucially, an operable mill, putting the company in a position to start mining quite soon.

According to Harford, in the light of recent increases in the gold price, Mercator is looking very seriously at a re-optimisation of its mining plan for its Meekatharra holdings in order to encompass much more low grade material to be processed while the gold price is high, leaving high grade material available for lean times and increasing the overall level of exploitation of the resources that the company has available. This is an idea that makes a great deal of sense, and Harford hopes to have the re-optimisation complete by the end of February.

The company had been aiming for initial gold production in Meekatharra in around eighteen months, but this is now likely to be accelerated so as to take advantage of the soaring gold price. How much this timetable can feasibly be accelerated will be known once the resource re-optimisation is done and dusted, but the change in project conception is undoubtedly a good one for Mercator shareholders.

This statement holds true in spite of the fact that overall projected cash costs for Mercator's mining operation in the Meekatharra will go up to around US$300/oz, from the level of US$250/oz that was being envisaged under the mining scheme as it stood before the gold price cleared US$500. It is worth noting though that the project will have no debt whatsoever on its head, being fully funded to production from the proceeds of Mercator's recent £9 million placing, and that because various grades of ore can be mined and mixed from the company's resources in the area, the project will have great flexibility in terms of head grade, enabling it to adapt to an extent its operating economics to future fluctuations of the golf price.

A drill programme of around 12,000metres is set to begin next month, with completion anticipated by June or July. This programme will look to outline resources sufficient for around four years of mining; ample to justify the project, particularly given that Harford expects the area to go "on and on and on" in terms of resource discovery, possibly ending up and big as 5-6million ozs or more. Once mining is underway, Mercator's tenements will host substantial exploration aimed at testing this prognostication.

All in all, Mercator is sitting on a low risk gold mining project coupled with some serious exploration upside. The technical risk to the project is low as the mill itself has previously successfully treated local ores and there is therefore likely to be little impediment to it doing so again, while the political risk to the project is of one of the lowest degrees on the international scale. The most significant risk is of a substantial fall back in the gold price that would shrink the economic resources available to the project, but current indications are that this scenario is unlikely to materialise any time soon.

holdontight
23/1/2006
11:36
sold as well just felt nervous by large rise. sure i'll be back in the future.
yam114
23/1/2006
10:39
Sold a few this morning and bought some MCR.

Still have an very large holding though and not selling any more until we have doubled again!!

holdontight
22/1/2006
22:18
please stop all this rubbish talk.

Lets get back to being a sensible Avocet thread.

yam114
22/1/2006
11:54
Is it that welsh pillock who can't spell again?
Post 1862 is a cracker. If only I knew what it meant , obviously some sort of cryptic message.

bionicdog
21/1/2006
15:20
Post removed by ADVFN
Abuse team
21/1/2006
15:20
This thread has hotted up

T

thatched
21/1/2006
15:15
Who is SC and could you kindly tell me what price PGD next year as well, and LND and TMG as well please whilst you are at it. Then you can leave!
holdontight
21/1/2006
15:14
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Abuse team
21/1/2006
15:11
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Abuse team
21/1/2006
15:09
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Abuse team
21/1/2006
15:08
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Abuse team
21/1/2006
15:06
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Abuse team
21/1/2006
15:05
Post removed by ADVFN
Abuse team
21/1/2006
14:58
LOL!

Me too!

andy
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