Avesoro Res. Share Discussion Threads

[oggyrocks] 02/6/2015 12:00

Good size buy just gone though above bid. Might see a small rise in price this afternoon.

[2flatpack] 02/6/2015 09:10

CEO presentation on IG looked good, so made a small investment,
Cheers

[shavian] 01/6/2015 19:29

What a miserable response by the market to this significant milestone. DR and his teams are to be congratulated on a superb achievement battling against all the headwinds thrown at them by the market, the terrain and ebola. Now they must under promise and over-deliver all the way to full production and beyond. With a net $300+ per oz margin on every gram refined I cannot see why the world is not beating a pathway to the door of AUE. Just wish I had bought even more in the dark days. Hopefully soon approaching my break-even at 37p

[oggyrocks] 01/6/2015 17:35

It was - I did manage to pick up 3% more shares for same monies. Saw a few buyers getting back in and jumped back on board.

Long term this one has to be as good a share as anything else. Could be some more good press this week that might boost the price a bit more.

Think we now need to rise and hold above 30.

[kinkell1] 01/6/2015 17:25

Listened to cc recording - 120,000 ozs p.a. (not 100,000).

[luminoso] 01/6/2015 17:03

That was a short breather, oggy !

[oggyrocks] 01/6/2015 15:10

Looks as if most of trades now are buys. Trading Price ticking up a bit now.

Great to finish above 30p.

[oggyrocks] 01/6/2015 15:06

Bought back in again after selling this morning.

Excellent potential at gold back above 1200.

[effortless cool] 01/6/2015 14:40

ridicule - thanks - appreciate the update.

[goliard] 01/6/2015 14:18

Thanks guys.

[ridicule] 01/6/2015 13:56

I think I heard David Reading say on the telecon this afternoon that the first pour produced 5kg of gold. He sounded very bullish and it is surprising that there has been such little movement in the share price He indicated 80,000 tons pm by the end of June ramping up to 95,000 by September. The line was bad but I also thought I heard him say that they were looking at 100,000 ozs per annum steady state.

Another piece of good news was that they had uncovered a new seam during the stripping process and they suspect that there is at least one other not picked up in the core sampling. It was too early to say whether these new discoveries would change the year 1 extraction plan, but that it was nice to have them in the back pocket.

[bsg] 01/6/2015 11:17

Looks like we'll finish RED today. Jeez, the sell on news brigade.

[bsg] 01/6/2015 10:01

Now if they needed a forklift truck to lift the first gold ingot, we would close above 40p!

[ukgeorge] 01/6/2015 09:33

If it closes above 30p today I will be pleased.

Roll on commercial production now.

[ukgeorge] 01/6/2015 09:25

goliard, look at their presentation.

circa 60koz for rest of 2015

[arf dysg] 01/6/2015 09:25

goliard, the announcement says it will achieve 95,000 tonnes of ore per month.

Couple that with the expected gold grades (2 or 3 grammes per tonne, reported in many announcements) and you'll get a production rate of grammes per month. In an Excel spreadsheet you can do it in 30 seconds.

Remember it's 31 grammes per ounce - an ounce of gold is heavier than an ounce of flour.

[oggyrocks] 01/6/2015 09:21

Taking a breather and have sold out today.

Good luck to all

[goliard] 01/6/2015 09:01

Now that we are in production, does anyone have the estimates of what the mine might actually produce or can you point me in the right direction for them?

[5070481] 01/6/2015 08:10

See if it can get on with the business of making money now

[ukgeorge] 01/6/2015 07:42

All sounds good, and a call at 1 to listen into

[stardrops2] 01/6/2015 07:04

rns on web site

[rabain] 01/6/2015 06:18

A London-quoted company has poured its first gold from the first modern goldmine in Liberia. Aureus Mining reached the milestone at its New Liberty mine over the weekend, only three months late despite the ebola outbreak in west Africa.
It also comes in spite of a big retrenchment from goldminers last year after a 25 per cent plunge in the price of the metal in 2013.
David Reading, Aureus’s chief executive, said: “This is a significant milestone for New Liberty, the company and the Republic of Liberia as a whole and is a culmination of a tremendous amount of hard work by the company’s employees and contractors . . . through what have often been difficult and adverse conditions. Aureus has taken New Liberty through feasibility, development and now into production as Liberia’s first commercial goldmine.”
Gold prices have been stuck at $1,200 an ounce since last year, compared with a peak of about $1,900 in 2011. However, the company reckons that New Liberty’s production costs are about $850 for every ounce of gold produced on an “all-in” basis, including overheads and financial costs, so that even in today’s market it ought to be profitable.
The ebola outbreak added additional costs, such as the private chartering of aircraft so that employees could leave the country and avoid infection. Last month the World Health Organisation declared Liberia ebola-free. The outbreak killed 4,700 people there — more than in any other country.
Hummingbird Resources, another London-quoted miner, is putting together a detailed feasibility study for another project in Liberia. It acquired a project in Mali that is approaching production, with the hope that it could use the cash generated to help the longer-term Liberian project.

[matt123d] 31/5/2015 23:09

Times (GB) [Reg]: Aureus unearths some much-needed good news for Liberiahttp://www.thetimes.co.uk/tto/business/industries/naturalresources/article4456685.ece

[shavian] 31/5/2015 06:37

Well, we won't be getting the news in May. Maybe an RNS tomorrow saying that they poured over the weekend. It's no big deal either way, as the first pour is largely symbolic. It's the rate of rampup to full production that matters, and whether the team can keep to that schedule, that will feed through to the bottom line. However, some are bound to be disappointed if the first pour does not happen in May, and we may get a mark down in the share price as a result, for what I hope will be the last opportunity for a sub-30p top up.