Avesoro Res. Share Discussion Threads

[deltrotter] 02/2/2016 09:15

I wonder if they can see the writing on the wall and think if they can extract any kind of cash for the shares they will be at least giving shareholders value.

ie. 0.1p is better than 0p!!

[sleveen] 02/2/2016 08:54

A special committee to screw PIs.

[zangdook] 02/2/2016 08:48

A special committee of three directors one of whom is Netherway. Where have I heard that before?

The result he'll be looking for is a sale of the company - directors get cash for their shares, PIs get toilet paper.

[deltrotter] 02/2/2016 08:23

Yeah, like I said last week - game over?

BUT, where is the shareholder value they are hoping to get? A 5p takeover/buy out???

Is that value? Yes, on the current share price, but there are plenty of long term holders in here.

Again, good luck all holders.

Cheers

Del

[michaelwhight] 02/2/2016 07:58

Looks like a fire sale Robrah. The most obvious solution is just to get the mine working properly. It doesn't look as straightforward as that.

[robrah] 02/2/2016 07:38

The end is near ??

[bryn85] 01/2/2016 19:35

Thanks Bikwik, trading Gold has been profitable for me over the last few years. The relentless decline bounded by the descending trend line on the weekly chart has been refreshingly predictable. I followed it down from 1180 to 1070 last autumn and then back up from 1052 to 1103 (stopped out early) Added again at 1085 on the retrace and just closed again at 1127. Will wait now till 1155/1160 region for a small short with a tight stop...
I feel as though Golds fortunes are about to change soon, hence my recent forays into Goldminers...
Not looking so good here at the moment with my 8p average though, but I think this will come good given time...

[andrzejs1] 01/2/2016 19:14

Buys as sell

[bikwik] 01/2/2016 18:17

Bryn85. I like your 6579 comment on Gold. You have got it right and I know from what you say you are looking at the right things. You must also be a chartist to some degree. Unfortunately lots of investors look at the wrong things, and don't look at charts, to their misfortune i'd say. Anyway, nice one!

[bryn85] 29/1/2016 08:39

I agree from a chart perspective a failure to break above the 50MA (red), and above that the descending resistance trend line (yellow) would likely lead to further downside but market fundamentals cannot be ignored forever.
At some point sellers will simply stop registering gold at the comex vault as deliverable below a certain price.
This started happening in December when Gold broke below 1100, I have 3 gold miners in my portfolio and they all reported Q4 avg selling price around 1113/1115 while Avg futures price was 1080ish

[horneblower] 29/1/2016 08:00

There is one way that gold mining is like oil; it is bought and sold by humans.
The pattern of buying and selling is only partly influenced by the activities of the gold mining industry but the trace left by the human activity is there for all to see. By you words I can tell that you are basically a fundamentalist, not a chartist. No harm in that. As a chartist I often get things wrong and may well be wrong in this case...but it won't be from mis-predicting the fundamentals!

[bryn85] 29/1/2016 07:33

As I said Hornblower it is possible, just very unlikely...

Gold mining is not like oil, where huge upfront sunk costs allow production to continue at a low cash cost. With Gold cash cost is huge, below 1000 2/3 of producers will be subsidizing each Oz they produce. What makes you think they will pay people 150 dollars to buy each Oz they sell?

[horneblower] 29/1/2016 00:23

bryn85,
That's useful.
I don't agree, but good to get other perspectives.
Have a look at the 25 year chart.

[bryn85] 28/1/2016 22:10

Hi all

sorry for hijacking your thread, but I can't resist commenting when I hear people state that gold is stuck in a downtrend and will hit 850/Oz

Although it is possible that you are correct and that gold will break resistance at 1033 at some point I think it highly unlikely due to the following;

1/ Gold has actually been in a bull market for Decades and the recent 4.5 year retracement is actually just a 50% fib correction, take a look at the Gold yearly chart instead of weekly and you will see it is true
2/Gold demand is set to rise 2% this year while supply is set to drop by 3% (Source WGC)
3/Equities are due to enter a long term Bear Market following one of the longest Bull markets on record, historically gold has had an inverse relationship to equities
4/Gold is trading significantly below Avg AISC, big Gold miners have been high Grading for the last 3 years to sustain their profits but this is now starting to reach the point of diminishing returns
5/Although the weekly trend points lower, all trends end eventually just look at the S&P500...

I am not saying that this rally is it, but I think it is definatly part of a bottoming pattern where we will see Gold trade between 1050 and 1200 for a year or so before a slow resumption of gold prices inevitable uptrend in the face of Ever increasing Fiat money supply

For anyone interested current 4 Hr chart trending above 50 and 200 MA supported by rising trend line

[pixi] 28/1/2016 15:30

hornblower, thanks for your perspective.

[jester jim] 28/1/2016 13:57

gold stocks moving

[expletive deleted] 28/1/2016 12:37

Hormeblower,You must be very rich, with such ability to predict the future so precisely.

[horneblower] 28/1/2016 12:20

pixi,
gold moving on up, yes, but not for long. It might reach $1140 but should then continue down towards $855.

[sleveen] 28/1/2016 11:53

At some point this may be investment grade, but it's a way off yet.

Reminds me of SHG 18mths ago and now a great RNS and POG stabilized for the moment at least SHG doing well.

[pixi] 28/1/2016 11:48

Hornblower, great chart. Gold moving on up.

[m w] 27/1/2016 12:23

Arian silver Mk 2

[horneblower] 27/1/2016 12:06

Gold is in a bear rally.
Short term up.
Medium term down.
Long term down.

[bsg] 27/1/2016 11:59

Followed by options at 0.5p

[robrah] 27/1/2016 11:56

Wonder if the next placing will be at 0.5p?Sooner or later they will need money .

[pixi] 27/1/2016 11:48

hornblower, have a look at the chart of gold prices which has gone from around 1050 to 1120.