Avesoro Res. Share Discussion Threads

[beeezzz] 20/10/2015 17:13

ts....There is list a long as your arm on AIM, blimey I'm personally pig sick of AIM, bloody thing is I sold my ASOS at just over £2, would you adam and eve it.

[tsmith2] 20/10/2015 16:15

But I do think you have better opps..this reminds me of where Shanta was a little while back..

[beeezzz] 20/10/2015 15:15

Chip good points....AIM market is the problem..if companies are not making a profit they are shorted its a no-brainer, no cash coming in will need more sometime.

[chipperfrd] 20/10/2015 12:07

They had US$21.1m in cash on 30th June and have since sold 10,000 oz for revenue of c. US$10m.

First debt repayment is c. US$9.77m. So it looks highly probable that no deferment of this payment should be required. If it was required I would imagine that an extra month or so could be negotiated without too much trouble - after all it would be in the banks best interest to do so.

It normally takes several months to reach the hurdle for declaration of first commercial production so their original target of 4Q15 looked reasonable.

The secondary crusher delay looks to be a short one so they should still be able to ramp up production through November and December.

Today's (over) reaction looks like an opportunity to me.
Chip

[bsg] 20/10/2015 12:03

All this debt is all well and good until you have to pay it back. In hindsight they should of issued equity.

[ukgeorge] 20/10/2015 11:51

Chip this could be like european minerals. If they don't buck their ideas up.

They have produced affectively one months production in five months. So it is hardly a few days.

What matters is getting cash flow positive.

I hope they are also speaking with their creditors about deferring the first few payments.

[chipperfrd] 20/10/2015 11:45

Some interesting comments here!

Hardly a disaster and hardly unusual for hiccups to occur during the ramp-up of a new mine.

Having spent years building to this point, a few days of lost milling time is a pretty minor setback which, when taken over the life of mine, is inconsequential.

What matters is the long term steady state production and consequent earnings that will accrue.
Chip

[beeezzz] 20/10/2015 11:36

Quite....what Chinese crusher I suppose, what a load of rubbish, cheap and useless.

[htrocka2] 20/10/2015 11:25

Shut down while the gold price is rising...they should rename this 'Heath Robinson Mining Co'

[beeezzz] 20/10/2015 11:12

AIM BOD think they are worth being paid fortune yet continued poor performance seems acceptable in this
country now. Last one standing don't forget to switch the lights out.

[oggyrocks] 20/10/2015 10:48

Don't hold anymore but have had this on my radar for ages.

Was looking for a time to come back in but I don't really think this news brings confidence at the moment.

Gutted for AUE as its a project in a country that really needs investment.

Good luck all - hope your fortunes turn.

[robrah] 20/10/2015 10:07

Even 20 p looks like a premium deal

[stevie blunder] 20/10/2015 10:06

Sitting duck for a cheap take-over now.
:-(

[robrah] 20/10/2015 09:34

Wrong thread .sorry

[robrah] 20/10/2015 09:31

This is where I will hear some one saying. Do u know how difficult it is build a min in Africa ???To that I will only say . That is not y we paid capital . Time and again. Dr has failed to deliver totally. He should take a pay cut. Us shareholder have lost so much with no return in sight.

[michaelwhight] 20/10/2015 09:25

2 week delay is no big deal and they have been quick to react. 10000 Oz is disappointing however. Was supposed to be 60000 by year end,no?

[4marlin] 20/10/2015 08:19

I hope they have a very good technical team led by hands-on expats; preventative maintenance is not a concept that exists in the third world.
Politically correct types who don't like this fact can shove it.

[tsmith2] 20/10/2015 08:14

Shanta and Petropavlovsk better options imo

[robrah] 20/10/2015 08:05

Wonder if those 8 million share got the wrong infor.

[robrah] 20/10/2015 07:58

Well thy have 10000 onz year to date.

[diesel] 20/10/2015 07:32

Commercial production is some 10000 oz/month, they seem to be a long way from that, the market ain't going to like this news.

[temmujin] 20/10/2015 07:16

big short placed...target 10p