Share Name Share Symbol Market Type Share ISIN Share Description
Avesoro Resources LSE:ASO London Ordinary Share CA05366A1049 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.35p 2.30p 2.40p 2.35p 2.35p 2.35p 578,714 07:55:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -91.5 -8.1 - 124.88

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Date Time Title Posts
17/8/201712:36Avesoro - Turkish delight in Liberia94
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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DateSubject
19/8/2017
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 2.35p.
Avesoro Resources has a 4 week average price of 2.05p and a 12 week average price of 2.05p.
The 1 year high share price is 3.13p while the 1 year low share price is currently 1.43p.
There are currently 5,314,039,001 shares in issue and the average daily traded volume is 502,937 shares. The market capitalisation of Avesoro Resources is £124,879,916.52.
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
20/4/2017
12:08
arf dysg: Reading & co. spent lots of money on further exploration fun and games instead of getting the original mine working. Then, when problems appeared with the mine, there wasn't any money to address the problems, the share price flew like a brick, there were massive dilutive fund raisings and there was more debt. When I say that the share price flew like a brick, I mean it flew like a 24-carat, solid-gold brick.
28/4/2007
14:57
puku: You should check with your broker. Mine sent me the offer details. Deal is 9 IVM for 13 ASO. At prices of 97p and 131.50p it means a small loss hence drop in ASO price. Only way to counter this is to take up the cash offer of 140p. Deal says up to 25% but can ask for more - since everyone will presumably try for 140p seems to me 25% will be all we will be able to cash in. At least that will offest the initial deal loss. I think it is a poor deal based on ASO potential. I have not yet looked at IVM itself.
13/4/2006
15:18
mesquida: Perhaps some followers were hoping for a year end trading update, and not having seen one they have concluded that profits are not going to be significantly above market forecasts. But the fact is that the Company could still be working on the figures and a trading update could still come. Remember a Director was paying 100p for these not that long ago, and that same Director has been a consistent buyer since the de-merger. All the anecdotal evidence suggests that the Company will have had a good year. However, should the figures only match expectations, rather than beat them, the share price is still going to look cheap. This is simply a forgotten stock - perhaps the private equity boys should have a word with the management.
05/7/2005
09:25
sharemad: The chairman of Citywire tip Avesco added his support to the company yesterday with a purchase of shares after a fundraising last week weakened its share price. * Ian Martin snapped up 25,000 shares at 100p each, spending £25,000 in the process. Martin's purchase boosts his stake in the £16.5 million company (ASO) to 400,000 shares or 2.45%. Investors followed suit and Avesco added 1p to 100p yesterday. Last week the corporate presentation specialist placed 2.8 million shares at 90p each, raising £2.4 million after expenses to help fund its capital investment programme. It reckons there is a sustained shift towards high definition televisual equipment and it must invest to keep up with the demands of customers. It is spending £12 million over the next three years. Avesco beat forecasts with its full year profits, announced last week, and gave investors the added bonus of a maiden final dividend, prompting house broker KBC Peel Hunt to raise its profit forecasts by 10%.
29/6/2005
09:58
ydderf: my guess is there's a reason for the share price weakness - of course ordinary shareholders will be the last to know if thats true!
29/4/2005
21:07
mad4it: CR - I'm only talking about a possible fall of another 10% or so and I might be wrong. So, given the valuation, there's nothing wrong with buying here. I'd have bought myself if the MMs had moved the share price in the manner I was waiting for. Besides, it's always difficult to call a bottom accurately, the MMs could open up higher on Monday after todays US rally. I'm just a bit worried about the macro market conditions & I'd rather wait and be as sure as I can be. ...I'm only trading with my dole money you know! ;)
26/4/2005
10:09
mad4it: Although I dumped half of my small stake yesterday (because I don't trust the markets and the momentum in ASO had waned in response to the US indices) the share price is looking very oversold now, so, I suspect, the technical traders will be looking to buy soon. However, the break of the 50 day MA is slightly discouraging and it's possible it'll fall a bit further, but there is support around this level and the MMs may be using the 50 day to shake people out:
19/4/2005
12:12
cockneyrebel: Frauddy - one batch of director buys, one tip, one bit of news and these will do what they did on the last bit of news on Citywire - they will rocket 15%. You can't sit there waiting for pre-determined buy targets if a 3K buy moves the stock, two little 5K buys and you're locked out. I just keep adding a few, day in, day out, across the low to ensure my avearge is very reasonable. What you going to be able to buy when thee's news out? 5K and the price gets marked up 2p. By the time you've said "ten kay" to you're broker they'll be up 5 and you'll be asked to pay a premium. Get real my frauddy little fink - you have to buy, hold and wait. £1.5m pre tax in H2 says they are going to slaughter the forecast of £1.7m for the whole year ahead - I'm happy, the share price can pee around as much as it likes, I know like you that the crowd will be buying the butt of these in May as the results approach - I'm a thinker, I'm focused and I have patience. When the uninformed see what ASO have done in H2 they will finally wake up - and I'm here before them, and you :-) CR
19/4/2005
10:21
ydderf: so predicatble crookney, the price collapses on a weak day and then muppets like you rush in first thing next day and the mms take them to the cleaners....then they start to drop the price and the established downward drift continues - truth is, apart from in the dreams of muppets, the share price has no support until and IF earnings start to materialise....meanwhile you would be advised to take a leaf out of the masters book and wait for sub 94p before considering further purchases.....some holders of this doggie can have the price down quicker than you can say 'ouch' ! should they choose, such is the thinness of the market and predictability of the mms and muppet cfding fraternity!
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