Avesoro Resources Share Discussion Threads

[roguetreader] 16/2/2019 10:33

Latest February presentation by Geoff Eyre in Cape Town:



RT

[roguetreader] 11/2/2019 16:44

Oops posted on wrong thread

[abid6814] 31/1/2019 13:57

A couple of big trades gone through this morning at 1.60, yet no change in price either way!

[jimcar] 17/1/2019 11:03

yes the results seem ok. Let's hope the waste increase won't continue. Glad they are concentrating on paying down debt. Looks like the proposed acquisition is on the back burner.

[stevie blunder] 17/1/2019 08:51

Just squeaked into the production guidance range, I suspect costs will come in at the top end as a result.
No indication of any growth in production forecast for 2019 since they say " The focus for this coming year will be on the delivery of strong cash flow and further debt reduction"
Some things to look forward to with underground mining an New Liberty and reserves to be announced at Ndablama, but nothing to set the heather on fire and the immediate future looks dull in terms of production.

[roguetreader] 17/1/2019 08:50

Well they beat the lower level of guidance (just), so IMO a good performance for the year in terms of operations. The slight negative for me is I was expecting a bit more in Q4 and am a bit disappointed they only just made guidance. Operationally I think this year has been first-class, where to me the recent grade fall off has been the only real niggle. I look forward to seeing the financials, but at this point I still feel they are terrific value at these prices.
RT

[roguetreader] 10/1/2019 19:01

Q4 and Full Year production numbers due out imminently. My expectations are that as a minimum they beat the lower bands of guidance for 2018 Oz produced (220k)and also come in under the top end of AISC guidance for the year($1000).If I'm correct it will be interesting to see if the share price finally reacts positively and moves up sharply (as I hope/ expect)or whether they carry on drifting sideways.
RT

[sirrux] 08/1/2019 20:40

That old trick he he! Seriously robbing Peter to pay Paul? That's a no no, would be easy to blow the cover on that but then again they wouldn't be the only ones, seems to be rife in business. Really hard to believe you can take all that gold out of the ground and not make a return on it! I have looked at the RNS announcements and key details do appear to be left out, they just seem to deem things fair and that's always suspect in today's business environment. Hopefully they have or are turning a corner and this is just fantasy, but it does appear to be holding back the share price.

[frrinvest] 08/1/2019 13:14

Bought today and agree share price is in bargain territory.

[sirrux] 08/1/2019 09:44

Where's the money being siphoned off to? This should be multiples of the current price but the market appears to be questioning how much of that will trickle to shareholders. Right now, they say very little.

[roguetreader] 07/1/2019 11:24

On the 12th January 2017
- ASO announced production for 2016 at 63.5K Oz
- AISC for 2016 production was $1930 per Oz (in the later March 29th RNS)
- Gold price was $1178 per Oz
- Share Price was 155p

Today, 7th January 2019:
- For 2018 a forecast production of 220K Oz (minimum)
- Forecast AISC of $1000 (maximum)
- Gold price is $1288
- Share Price is 149p

Bargain !!!

All IMHO

RT

[ukgeorge] 02/1/2019 17:21

Has there been any guidance for 2019? couldn't see it on the latest presentation.

Also any ideas on the IR on the debt?

[roguetreader] 02/1/2019 16:30

Q1 production was a one off at 68K Oz due to the bonanza grades at Balogo with avg gold price of $1333

Q2 production was 60K Oz at avg gold price of $1302

Q3 production was 47K Oz at avg gold price of $1210, where the fall in Oz was largely forecast by management due to the reduction in grades forecast at Youga, plus temporary dip in grades at Gassore, the heavy rains and a slight up tick in cash costs at NL.

Q4 - EOY:
They are still forecasting to meet guidance for the year 220K - 240K at AISC of between $960 - $1000. Cash Costs have gone up on guidance due to the poor fleet utilisation at NL, where I read this as being temporary.

All in All if they hit their Q4 numbers then I think they have done an excellent job in 2018, where the share price has been unduly hammered even accounting for the falling gold price.

In my Jan 2018 post I said I that I didn't think they would be 1.9p (190p consolidated) in six months time. I was right for the wrong reasons they are even cheaper!!

I have bought a few more at 150p and if they deliver to guidance will be buying a few more again, if they stay this cheap.

[jimcar] 02/1/2019 15:48

Agree with those points plus stopping granting themselves such easily achieved options would help.

Seems to have gone quiet on M&A activity.

[abid6814] 02/1/2019 15:44

Yes, a very poor performance last year after such a promising start. If they can deliver on lower costs as predicted and confirm increased reserves we could have a solid 2019. Price of gold heading in the right direction now need the company to turnaround performance after a poor last quarter in terms of costs.

[stevie blunder] 02/1/2019 15:42

Share price is a bit of a bummer especially with gold prices looking a bit firmer.
Anyway last year we had Q4 production numbers on 10th Jan.
Also they gave production guidance for 2018 on the 24th Jan, including cost forecasts.
The PFS on the underground development is due in Q1
Maiden Reserve due on Ndablama in Q1
Drilling results from Silver Hills could be any time now.
So there is some news in the pipeline. Fingers crossed for a better year share price wise.

[roguetreader] 19/12/2018 17:48

1.53 per option?, surely not not much of a challenge in the option price given the current share price is 1.51 and this is the lowest its been since the share consolidation.

[stal2309] 22/11/2018 15:03

Hi Mdalos, I guess so but it did look as though it moved from 165 straight to 160 for no reason. Once my shares had gone there wasn't another share sold for over 2 hrs. Not the first time it's happened to me with HL. The cynic in me wonders if the trade was offered at 160 not automatically triggered. Ce la vie

[stal2309] 21/11/2018 21:50

Good luck all. My stop loss was triggered by HL this morning at 160 even though the only other trade was approx 90 secs earlier at 165. Excuse my ignorance but how does the price drop by 5p without any trades?

[plasybryn] 13/11/2018 18:49

Boring interview. Sent me to sleep.

[stevie blunder] 13/11/2018 17:55

Slightly disappointing results it must be said, higher than expected Cash costs.
Interview with Geoff Eyre
Chief Financial Officer: