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AUE Avesoro Res.

1.60
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avesoro Res. LSE:AUE London Ordinary Share CA0515471070 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.60 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.60 GBX

Avesoro Res. (AUE) Latest News

Real-Time news about Avesoro Res. (London Stock Exchange): 0 recent articles

Avesoro Res. (AUE) Discussions and Chat

Avesoro Res. Forums and Chat

Date Time Title Posts
15/12/201609:39Aureus Mining Inc - Gold in West Africa.....7,495
20/10/201407:03Trading Ebola for gold-
12/10/201412:27Aureus Mining share price analysis-

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Avesoro Res. (AUE) Most Recent Trades

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Avesoro Res. (AUE) Top Chat Posts

Top Posts
Posted at 05/12/2016 21:20 by pottermagic2310
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 ???
Posted at 28/10/2016 03:56 by rpb111
rpb111: There will be not be a RNS notice on this share to purchase shares at 1.5 p. The only way to get shares at 1.5p is to apply directly to James black at numis. He requires by email from your broker, the amount of shares you hold, and amount of shares required. You have until 4.30 today 28/10/16 to register. Many shareholders have been unable to reserve shares because there brokers, e.g. Halifax share dealing, shareview ect have never see a placing like this before. To get more info look at aureus chat on LSE. Where further information for james black email details at numis are available. In my view this placing has been constructed to block small private shareholders from getting shares at 1.5p
Posted at 28/10/2016 02:58 by rpb111
There will be not be a RNS notice on this share to purchase shares at 1.5 p. The only way to get shares at 1.5p is to apply directly to James black at numis. He requires by email from your broker, the amount of shares you hold, and amount of shares required. You have until 4.30 today 28/10/16 to register. Many shareholders have been unable to reserve shares because there brokers, e.g. Halifax share dealing, shareview ect have never see a placing like this before. To get more info look at aureus chat on LSE. Where further information for james black email details at numis are available. In my view this placing has been constructed to block small private shareholders from getting shares at 1.5p.
Posted at 14/10/2016 09:45 by pottermagic2310
The Company has conditionally raised approximately US$72 million through the issue of 3,900,000,000 new common shares of the Company ("Shares") at the Placing Price, to be comprised of 3,250,000,000 Shares issued to MNG Gold at the Placing Price pursuant to the Subscription and 650,000,000 Shares issued to institutional investors at the Placing Price pursuant to the Principal Placing. Following the Fundraise the Company will have 5,104,039,001 Shares in issue. Under the terms of the Broker Option, the Company may also issue up to a further 540,000,000 Shares.

Let's assume the additional 540m shares will be issued.
That's a huge dilution from 1.2 billion to 5.1billion in the first instance!!!
MNG will be increasing their holding to around 75%

The proposals suggest profit of £10m per annum might be possible... anybody recall what the Mine's productive life is ?
Any existing (PI) holders only have 2 choices really.... 'fold' now or 'go again'.

Anybody think MNG might take this private following all of this activity ?
Posted at 14/10/2016 09:40 by ukgeorge
The Company has conditionally raised approximately US$72 million through the issue of 3,900,000,000 new common shares of the Company (“Shares”;) at the Placing Price, to be comprised of 3,250,000,000 Shares issued to MNG Gold at the Placing Price pursuant to the Subscription and 650,000,000 Shares issued to institutional investors at the Placing Price pursuant to the Principal Placing. Following the Fundraise the Company will have 5,104,039,001 Shares in issue. Under the terms of the Broker Option, the Company may also issue up to a further 540,000,000 Shares.
Posted at 15/9/2016 20:14 by 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.
Posted at 06/9/2016 10:29 by ukgeorge
From share price Angel

Aureus Mining (AUE LN) 2.4 pence, Mkt Cap £28.6m – Moving to owner operation at the New Liberty mine
• Aureus Mining reports it is to move to owner operated mining at its New Liberty gold mine in Liberia in an initiative which it considers “will significantly reduce the ongoing costs of mining operations and improve the operational and financial flexibility of the Company.”
• Management under the newly installed team from MNG Gold is continuing to review the cost base at New Liberty but “it is expected that the cost of adopting an owner operator model will be the most substantial cost arising from management’s review.”
• As part of the transition agreement with the current contractor, MonuRent, Aureus “will pay to MonuRent cash of US$15.4 million to take ownership of the mining equipment, US$7.1m cash for the inventory currently on site at New Liberty, US$7.9 million cash for invoiced receivables, approximately US$2.5 million cash for future uninvoiced receivables incurred by BMMC during July and August 2016 … and US$4.5million cash as a contract novation fee.”
• The company has also provided an update on progress at the mine, following the plant restart in June. The plant continues to experience periods of unscheduled downtime and has achieved only 66% availability over the last 65 days, “however better availability has been achieved in recent weeks.”
• The continuing work is focussing on optimising the ball mill grinding circuit and reagent consumption in the CIL circuit. “Since the restart of p[processing operations to date the Company has poured and shipped approximately 8,100 ounces of gold.” The detoxification circuit, where problems led to the original suspension of operations at the plant in May this year “has been operating at a stable level and performing to its design specifications following recent modifications. All discharges from the Tailings Storage Facility (“TSF”) have been within permitted levels … However, the Company is working in conjunction with its consultants to modify the layout and operation of the TSF … to allow for an increased retention time for process effluent and also to enable more control over future discharges.”

Conclusion: The decision to move to owner operation at New Liberty is aimed at providing management with greater control as well as reducing costs. With production since the restart of operations running at just over 90 oz per day of gold and continuing plant availability issues there is some way to go to stabilise operations but there are signs of progress
Posted at 18/5/2016 03:13 by 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
Posted at 12/4/2016 07:48 by ridicule
POG is $1259.2 this morning and has not kept the upward momentum overnight that it has had over the past 2 days. Given every dollar rise in POG creates a further $10,000 a month cash flow for AUE, $1259.2 should justify a higher AUE share price in its own right but the pause in POG may be contributing the less dynamic start here this morning.
Posted at 04/3/2016 07:38 by ridicule
pog $1261 this am up $200 in a month and this should help the aue share price today.
Avesoro Res. share price data is direct from the London Stock Exchange

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