Avesoro Res. Share Discussion Threads

[ridicule] 02/3/2016 08:06

The market is at it again. I topped up @.04667p this morning and it showed as a 'sell'.

[ridicule] 02/3/2016 07:55

We are now in a race against time and pog holding up. This RNS is massive for long term holders. A rescheduled loan repayment that avoids further dilution will do wonders for the share price It will also make the need to undertake a fire sale go away. Remember, the strategic review RNS made the point that the outcome could be 'no action', outside of the revised mine plan.

If we get through this, they owe it to us to start a share buy back programme to restore the original eps position prior to the last dilution before they further invest in the New Liberty surrounding prospects.

[robrah] 02/3/2016 07:52

Encouraging. just hope they won't sell the ready mine to their buddies

[zyper2] 02/3/2016 07:50

Encouraging update

[sleveen] 02/3/2016 07:33

Nice to see.

[tracy_moore] 02/3/2016 07:10

tsmith2 , no comment on the RNS this morning ?

[beeezzz] 01/3/2016 21:57

Hey investing on AIM is very risky period.

[sleveen] 01/3/2016 17:51

beeezzz...investing in resource stocks is very high risk?

[zyper2] 01/3/2016 17:12

I agree re:most of today's trades are buys. I put mock sale orders & got prices of 4.28-4.31 throughout the day so anything above that is most likely a buy! Wonder if MMs are sort of stock & manipulating the market to give a false sense of doom in order to push sellers

[beeezzz] 01/3/2016 17:11

And the moral of this story is ????

[sleveen] 01/3/2016 10:10

ridicule,

buys at 4.4+p sells at 4.25p, so today's trades are mostly buys and still buys coming in as I write this.

[ridicule] 01/3/2016 09:58

As I write pog is $1240 per oz,up from $1069 in January. Polo have just come out this morning with an update on a gold investment they have - Blackham Resources. The important stats they come up with, that are in Australian dollars are:

predicted annual production 101000 oz pa (lower than AUE)
every A$100 per ounce rise in pog adds A$63m pa to the cashflow!!

Aureus, despite the horrendous 2015 events, is now in a similar position. Still a very high risk investment but today's RNS stating the banks have given a loan extension is positive. The banks do not want a default mine on their hands and that is why the Aureus BoD is conducting a strategic review for a buyer should there be further operating problems at New Liberty. If AUE do get to commercial sign off in March as anticipated by the company and if pog holds at today's level or higher, then Aue might yet escape the debt clutches they are currently in.

Given the parlous state of the company, I would have expected to see some sells on the RNS, but not 100% avalanche that seems to be the case today and the share price still holding at 4,25-5p. For the last 3 trading days there have been more buys than sells and today's RNS should not have changed that in my view.

[tsmith2] 01/3/2016 08:18

All signs of RI..

[horneblower] 29/2/2016 17:19

Golden, German-speaking robots are taking over the world.
Look, no Hans.
Doomed, we are. Doomed.

[beeezzz] 29/2/2016 17:09

Central banks are at their wits end.....trying to create growth is like push a piece of string up hill...its not working and when are they going to realise it won't work period. The west has entered a deflationary period as born out by Euro area -.2% fall in prices, these are dangerous times.

Robots are taking over....less jobs equals less people with cash to spend, which means a downward spiral..


Gold is the answer at $2500 oz cusssssshty

[ukgeorge] 29/2/2016 16:28

i think that is the least of and aue holders worries

[arf dysg] 29/2/2016 16:05

What's wrong with the share-price graph at the top of this page?

LSE:AUE time starts at 0300, yes three o'clock in the morning. The blue line seems to be the right shape, but the time scale is wrong by five and a half hours. It's probably showing Toronto time for things which happen in London.


At least the TSX:AUE graph seems to be sensible, going from 09:30 to 16:00.

[stevie blunder] 28/2/2016 10:41

The buyer gets a whole gold field, not just the mine. I have always thought it could attract someone like Randgold, just not at this kind of price!

Or they could sell a royalty on future production, might get enough to tide them over,(that brings its own problems of course). Or the bank might be more lenient and give them time to pay.

Anyway they are supposed to come up with a mine plan in Feb so we should hear something this week. I don't have great hopes.

Maybe they could just sell the mine, keep the other license areas, change their name and raise more cash on AIM to start an "exciting exploration program". Sorry that is giving me a strange feeling of deja vue......... ;-)

[dgarvey] 28/2/2016 08:58

So much for the Midas touch! Just hope it doesn't turn into a Arian outcome.

[deltrotter] 28/2/2016 08:12

One for you guys:

[dgarvey] 27/2/2016 23:23

It depends on current production and income. If Aureus are near capacity and can cover the costs, dilution is unlikely as screwing the company may lose clients and make them viewed as a lender of last resort rather than a business orientated lender.

[goliard] 26/2/2016 12:24

It is interesting to see the recent spike in price here with very little BB comment and no new news. I picked up quite a lot yesterday, but accept it is a gamble rather than a long term investment. Even a little bit of good news could see this double quite easily.