Avesoro Res. Share Discussion Threads

[tradermel] 11/8/2015 07:25

Partially given up on this one, I wonder if its time to have another look? Surely the share price has to be too low going onto production.

[ukgeorge] 06/8/2015 10:32

just had a little top up.

roll on commercial production

and someone hopefully making a takeover offer

[ianbag] 04/8/2015 17:00

I am hearing a chartist has tipped it to recover by 46% from its current price so I guess some traders moving in.

[bikwik] 04/8/2015 16:03

Gold in a sideways range, yet Aureus has started to go up on best buying volume in two and a half months.


free stock charts from uk.advfn.com

[stevie blunder] 02/8/2015 11:27

Should be an RNS this coming week about gold sales, since this was in the last update:

"The first shipment of gold doré is scheduled to be transported from the mine to MKS PAMP in Switzerland for refining by the end of July 2015."

Not that I think the news of gold sales will move the share price in this market.

[bsg] 24/7/2015 09:34

UKGeorge, they'll just award themselves some lower ones. They'll never lose.

[ukgeorge] 24/7/2015 09:12

well at least all those stock options that management awarded themselves (stole) are now under water......

Roll on commercial production. Which is due in Q4 which feels like years away, hope they have enough cash to get there.

[diesel] 23/7/2015 23:51

The price of oil is key to production costs, both for plant vehicles and electricity production, I wonder if we will see a revision?

[beeezzz] 23/7/2015 10:58

Well average mining costs per oz is $1200 according to Bloomberg, which means its cheaper to leave in the ground for most, although there is always an exception that is Newcrest who say they produce at $700 per oz.

Whether gold will go that low is difficult to say, stranger things have happened, good old Mr Brown sold 40 tons of the nations gold a lot cheaper than that, good call.

[condom2] 22/7/2015 12:36

LETS WIDDEN THE PRICE OUT SO NO ONE CAN BUY THEM !!!!! 19.75 - 21 they go !

[beeezzz] 21/7/2015 12:52

Oggy....One thing to consider is if and when US increases interest rates, not sure they ever will, obviously this will strengthen $.

I'm probably looking at next summer for bottom, China is the elephant in the room.

[drey34] 21/7/2015 11:53

For those interested in mining companies check this Interview with Charles Gibson: Head of Mining at Edison Research

[oggyrocks] 21/7/2015 11:15

Agree - all commodities have been destroyed. Have been hit massively, but there will be opportunities in all sectors soon.

Its just a matter of finding the right time.

Will probably buy some BRWM when I think that the tide has turned (fund). But not yet. All still in decline and have had enough of trying to catch a falling knife.

For last few years have been buying other sectors

[beeezzz] 21/7/2015 11:02

oggy...Yes gold down 70% since 2010 highs, however, a fair percentage of that is due to dollar strength, which has hit all $ denominated commodities, you only have to look at the mining sector as a whole.

One thing a guy on Bloomberg said last night was that the gold chart was signalling a buying opportunity, whether that will transpire is anybodies guess.

There were two analysts and they had a big discussion argument to the merits of holding gold stocks, which isn't surprising.

[oggyrocks] 21/7/2015 09:30

Yes - and then 15p.

I think when management said that 40p was the take out price, that was enough warning to get out as any upside was v limited. Falling gold price and costs higher than expected has reduced profit margins from $400 to $200.

I sold out a couple of weeks ago as per message at the time. I have kept this on my radar, but at the moment see no reason to buy. Only further declines,

I now hold gold shs in a managed fund instead and that has been a disaster. Falling every day. But its only a small part of investment and people say its good to diversify !!!!

Unfortunately I wouldnt buy this before 15p. Did hold since before split and feel loyalty to company. Sad to see whats happening now.

[tsmith2] 21/7/2015 09:07

Next support just below 20p?

[arf dysg] 20/7/2015 14:28

"The first shipment of gold doré is scheduled to be transported from the mine to MKS PAMP in Switzerland for refining by the end of July 2015."

Does that mean that they have poured more gold than the first bar we saw in the first couple of days of June?

[beeezzz] 20/7/2015 13:57

My perspective at least they are selling gold and making money...that is far better than continually burning shareholder cash, slowly but surely.. lets hope gold starts to recover.

[ukgeorge] 20/7/2015 12:12

Most brokers have a price target of about 40p, I didn't think the update was that good.


Several other analysts have also recently commented on the stock. Analysts at FinnCap reiterated a “buy” rating and set a GBX 40 ($0.62) price target on shares of Aureus Mining in a research note on Monday. Analysts at Sanlam Securities reiterated a “buy” rating and set a GBX 31 ($0.48) price target on shares of Aureus Mining in a research note on Monday, June 1st. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating and set a GBX 40 ($0.62) price target on shares of Aureus Mining in a research note on Thursday, April 9th. Five equities research analysts have rated the stock with a buy rating, Aureus Mining has an average rating of “Buy” and a consensus price target of GBX 37 ($0.58).

[beeezzz] 20/7/2015 11:09

Well things look like they are picking up, just need to know production costs.

www.proactiveinvestors.co.uk/companies/news/109139/aureus-minings-new-liberty-mine-hits-nameplate-capacity-109139.html

[diesel] 20/7/2015 09:08

Another bit of derisking, it was always possible that start up problems would lead to a call for more cash.
All down to POG now, lots of bearish talk there but who really knows?

[tradermel] 20/7/2015 07:35

Well todays RNS is showing that reliability is starting to show with no hiccups so far .... apart for the share price which is truly shocking

[ukgeorge] 17/7/2015 13:59

gold looks as though it is going to get nasty and crash.

there was a article in the shares magazine this week

Aureus Mining (AUE:AIM)

23.95p

Market cap: £91.6 million

Having made the switch from developer to producer with maiden gold pour from the New Liberty project in Liberia at the end of May, Aureus is one of our top gold picks due to attractive profit margins, management skill, an enticing project pipeline and attractive valuation. RBC Capital Markets rates Aureus as a ‘key M&A target’ based on the scale of its existing resource and the exploration potential of the surrounding region.

The company’s all-in sustaining costs are forecast to be $789 per ounce which implies scope to make decent money even if the gold price sees another pull-back from current levels. The miner is expected to turn cash flow positive very shortly.

The mine currently has an eight-year mine life, although we’d expect that to be extended – either by proving up more gold next to New Liberty or by developing feeder pits in the neighbourhood. New Liberty is expected to produce 119,000 ounces of gold annually for the first six years of production. Aureus will focus on ensuring the new mine runs smoothly before refining development options for its second project, Ndablama which presently has a 901,000 ounce gold resource and is part of the broader Bea Mountain 478 square kilometre licence area that incorporates New Liberty.

Chief executive David Reading is highly regarded in the mining industry and previously worked for Randgold Resources and European Goldfields.

Aureus is trading at circa 0.75 time price to net asset value. We expect the discounted rating to narrow once it can show the new mine is functioning properly and there isn’t any need for cash to plug working capital requirements should anything go wrong with the equipment in the early months of the mine start up.

[robrah] 14/7/2015 15:49

Weldone ukgeorge

[ukgeorge] 14/7/2015 12:21

talked myself in to a top up 13k more at 23.8p