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
  +0.00p +0.00% 266.00p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
264.00p 268.00p 266.00p 266.00p 266.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 72.40 -20.19 -37.76 218.4

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Date Time Title Posts
13/7/201812:02Avesoro - Turkish delight in Liberia340
18/5/201802:57Avesoro Resources (ASO) Numbers Revealed-
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

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DateSubject
17/7/2018
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 266p.
Avesoro Resources has a 4 week average price of 250p and a 12 week average price of 235p.
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 42,711 shares. The market capitalisation of Avesoro Resources is £218,399,100.50.
19/6/2018
10:15
cf456: "Applying target P/NPV multiples of 1.0x to Avesoro’s operations, we generate a valuation of GBp 347/sh, implying 40% upside to the current share price. Assuming Avesoro extends its recent track record of solid quarterly results, and continues to successfully replace reserves and extend mine life, we believe the stock could rerate closer to an industry standard for premium gold producers of 1.5x P/NAV. If we were to apply a 1.5x multiple versus our current multiple of 1.0x, this would result in a valuation of GBp 556, a 61% increase over the current price target." hTTp://www.hannamandpartners.com/insights/research/
22/5/2018
23:02
aimsurfer: Attended the AGM today. Presentation was similar to the recent analyst call. Biggest take away for me is AISC at new liberty expected to reduce to under $800 next year once they catch up on waste stripping this year. If price of gold stays above $1300 we're looking at some serious free cash flow. Drilling this year will increase life of mine by another 4± years. They seemed very confident on acquisitions, got the impression few targets already identified. Company aware of liquidity issues. Expect it to improve on new asset announcements.Easy build and hold share for me. With potential upcoming acquisitions, 500k gold production target, AISC coming down to under $800, material cash flow, should see the share price grow much further. I'm expecting min 500m market cap in 2019.
11/5/2018
16:47
cf456: Yes, the update should be released soon and could well be the catalyst to take the share price to a new level. --- "We look forward to updating the market later in the current quarter on our progress towards increasing the Company's Mineral Resources and subsequently extending the mine lives at our existing operations through conversion to Mineral Reserves". hTTps://investegate.co.uk/avesoro-resources--aso-/rns/financial-highlights-for-3-months-ended-march-2018/201805100700085867N/
09/5/2018
15:31
cf456: "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" hTTp://avesoro.com/wp-content/uploads/2018/04/Avesoro_April18_Corporate_v1.14-EGF-Zurich.pdf
09/5/2018
10:26
cf456: Results due this week. Perhaps a decent gap up if they are bullish. hTTps://twitter.com/barondaytrading/status/994144615027675137 The last RNS was certainly positive and pushed the share price up nicely. It's consolidated sideways since then. Hopefully another strong move up in the offing. hTTps://investegate.co.uk/avesoro-resources--aso-/rns/q1-2018-production-update/201804090825191911K/
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
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.
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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