Share Name Share Symbol Market Type Share ISIN Share Description
Avesoro Resources LSE:ASO London Ordinary Share CA05366A3029 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -9.50p -3.28% 280.00p 134,615 16:27:02
Bid Price Offer Price High Price Low Price Open Price
275.00p 285.00p 290.00p 280.00p 289.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 72.4 -20.2 -37.8 - 229.89

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Avesoro (ASO) Discussions and Chat

Avesoro Forums and Chat

Date Time Title Posts
25/4/201820:33Avesoro - Turkish delight in Liberia268
28/4/200714:57Avesco - Comfortably Ahead of the Curve (98p)298
20/3/200511:45REASONS TO BE CHEERFUL PARTS 1 - 5132
25/11/200407:17AVESCO-moving nicely North7
05/8/200421:49TO SOMEBODY AT ADVFN!!!!!!!!!!!!!!!!!!!12

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Avesoro (ASO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-04-26 16:15:00290.0025,00072,500.00O
2018-04-26 16:15:00292.0022,50065,700.00O
2018-04-26 15:26:54275.752,0005,515.00O
2018-04-26 15:26:46275.751,8205,018.65O
2018-04-26 15:23:52275.759072,501.05O
View all Avesoro trades in real-time

Avesoro (ASO) Top Chat Posts

DateSubject
26/4/2018
09:20
Avesoro Daily Update: Avesoro Resources is listed in the Mining sector of the London Stock Exchange with ticker ASO. The last closing price for Avesoro was 289.50p.
Avesoro Resources has a 4 week average price of 217.50p and a 12 week average price of 207.50p.
The 1 year high share price is 292.50p while the 1 year low share price is currently 167.50p.
There are currently 82,104,925 shares in issue and the average daily traded volume is 103,889 shares. The market capitalisation of Avesoro Resources is £229,893,790.
20/4/2018
13:48
cf456: "High impact" certainly sounds like they must be contemplating something fairly significant. And the company must be confident that there is a lot of upside from the current price if they are happy to state on a presentation that the recent share price increase "is just the start".
19/4/2018
19:04
cf456: New presentation on the company website: hTTp://avesoro.com/wp-content/uploads/2018/04/Avesoro_April18_Corporate_v1.14-EGF-Zurich.pdf "Recent share price increase is just the start driven by early believers and strong Q1 production results Potential for positive re-rating on the back of current drilling programs to increase mine lives"
12/4/2018
13:35
sirrux: A bit tricky to analyze due to related party activities but generating strong positive operating cashflows in Q4, easily covering financing costs and look set to improve. They do a lot of presentations which are really old school and pretty in style but no doubt helping as they communicate with institutional investors and perhaps clear up some of those RP/governance questions on the sidelines which I am sure they get a lot. Ultimately successive quarters of increasing positive operating cashflows and likely net profits in 2018 will be a game changer for the share price, this might just be the beginning of it.
12/4/2018
09:07
cf456: Board of directors and management totally aligned with shareholders with significant skin in the game. 72.9% ownership is huge. They are very heavily incentivised to increase the share price. hTTps://avesoro.com/investors/share-information
21/3/2018
11:47
ileeman: Q1 April results should read very very good. Not much priced in yet, if this turn around continues then 2018 looks to be a massive year for ASO. Share price still on lows and not much of the amazing progress priced in....yet.
19/3/2018
17:45
anley: Weak gold = weak share price along with political problems such as Brexit which the MM do not like so rush to cover themselves.........
22/2/2018
11:44
the bull: Well, not disappointed with the share price growth. Have to admit, its a bit scary when they are buying all this expensive equipment, but as you say, best look at it as a good sign of progress.
22/2/2018
11:27
anley: More progrees so the need for more equipment and a higher share price.
11/10/2017
07:31
the bull: I pretty good update I think, extended life of mine and an increase in production, not forgetting further reduced costs. Should breath a bit of life into the share price
08/6/2017
08:26
mirabeau: Gold miner is fixed and ready to roar Avesoro Resources is starting to look really interesting after sorting out problems 08 June 2017 Issue: 08 Jun 2017 - Page 13 Gold miner Avesoro Resources (ASO:AIM) appears to have fixed its operational and financial pressures and now has an ambition to run a series of mines producing a combined 500,000 ounces of gold a year. Buy the shares before the broader market cottons on to the rebirth of the business and its growth potential. Remember Aureus mining? You may be more familiar with the stock under its previous name of Aureus Mining. The company enjoyed success with gold exploration and attracted widespread investor interest as it developed the New Liberty mine in Liberia. Unfortunately the company encountered financial and operational problems as it moved into the production phase. Setbacks ultimately damaged the share price. Turkish group MNG Gold pounced on the opportunity to invest at a low level and bailed out Aureus with a $30m investment in exchange for 55% of the company. A further $60m investment took MNG’s position to 76.6%. This financial injection helped the small cap to end an unfavourable agreement with a mining contractor, pay down a number of creditors and buy equipment. Significant equity dilution was the price long-standing shareholders had to pay to keep the business afloat. The company now has a heavyweight backer and chairman in the form of Mehmet Gunal, the founder of MNG Gold (now called Avesoro Holdings) and owner of Turkish infrastructure conglomerate MNG Group. The first of several deals? Avesoro is in talks to acquire two of MNG’s three gold mines, being Youga and Balogo in Burkina Faso. It also hopes to buy another ‘build-ready’ gold project in the next year or so. MNG already had plans to have a listed gold business, so using Avesoro as the quoted vehicle makes more sense given it is already on the stock market. Youga and Balogo are expected to produce between 100,000 and 110,000 ounces of gold this year. In contrast, New Liberty is forecast to produce 90,000 to 100,000 ounces in the same period. Share price catalysts Second quarter results in August may not be outstanding as the company is still making improvements to New Liberty. We’re told the third quarter results should show healthier cash flow. Investors may have to be patient as the broader market may want to see a few more quarters of solid production before turning positive on the stock. Avesoro is confident it can reduce operating costs below the original plan for New Liberty. A revised life of mine plan in late 2017 will enable analysts to update their financial models and hopefully put a much higher valuation on the business. (DC) Avesoro Resources (ASO:AIM) 2.7p Stop loss: 1.5p Market value: £143.8m
Avesoro share price data is direct from the London Stock Exchange
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