Avesoro Res. Share Discussion Threads

[tsmith2] 20/10/2015 07:14

Look at note on repayment - walking a tightrope now..

[shavian] 20/10/2015 07:11

Ooops! Secondary crusher failure at NL. Not quite the nice news we had been expecting. DR and team seem to be well on the case however and intend to be back on line within a week or so. If so, this should not knock AUE too far off-course. Adverse market reaction may even provide a top-up opp.

[diesel] 19/10/2015 23:07

Interesting clip, just about sums up where we are...

[ukgeorge] 19/10/2015 13:48

very good video about mining companies taking a mine into production, fits Aureus perfectly

[shavian] 19/10/2015 10:24

Further learned opinion on POG:

GOLD PRICE RISES TO NEAR 4-MONTH HIGH
Gold ‘bugs’ witnessed an exciting week when the shiny precious metal jumped to its highest price in nearly 4 months on Thursday afternoon, rising to a level of $1184.25 per troy ounce. The figure is the highest since the 22nd of June, when the price peaked at $1193.70/oz. Wednesday saw gold top $1173.90/oz., which was itself a three month high, only for the following morning’s price to jump even further.
Over the last month, the gold price has been trending consistently upwards, after the lull of the summer months. October’s average prices so far stands at $1148.87/oz. and $1154.35/oz. for the morning and evening respectively.
9
The October averages are already the highest since June, as gold prices are showing signs of a recovery from the summer slump. Gold prices had previously been falling since June and reached as low as $1080.05/oz. at the end of July, when expectations of a September interest rate rise from a more confident US Federal Reserve lowered the attractiveness of this non-yield generating safe-heaven asset.
Wednesday’s price of $1173.90/oz. meant that the precious metal had officially breached its 200-day rolling average for the first time since May. The rolling average is a technical indicator, the braking of which serves as a strong sign of growth. Bob Takai, CEO of Sumitomo Corp. Global Research, said on the situation that “[the] fact that gold is above the 200-day average after five months, it’s a very strong signal that gold is on the uptrend for the time being,”
$1170/oz. is the boundary around which previous gold rallies had started to fall away, but the current upsurge appears to have broken free of this mark for the time being. According to goldprice.org, the metal has reclaimed its 2015 losses, with current levels up +0.3% from the beginning of January.
Fears that the Fed was going to follow through on its promises to raise interest rates this year had previously been pushing gold prices lower, as investors became worried that a seemingly imminent rise would put downward pressure on the price of the rare metal. A September rise was not to be and, as a result, both general confidence levels and the relative value of the US$, in which gold is traded, have declined.
Recent indicators of slowing global economic expansion appears to have been taken as all but a confirmation that the first US interest rate rise in nearly a decade will not take place this year. This has removed the upward pressure on the US$ for the time being and, as such, the need for the gold price to fall. This is because, when the US$ falls, the gold price usually rises to accommodate for the cheapness of its dollar price relative to other currencies.
However, this is not the only driver for the gold price. Gold is known as ‘the currency of fear’ and, while we remain far removed from the fear levels experienced in the immediate aftermath of the GFC the slowing speed of the 2015 economic development has once again increased concerns about the stability of traditional investments amongst the most fearful investors. We therefore expect the price of gold to once again become somewhat of a barometer for the general level of investor sentiment – worsening economic news over the coming months will drive gold higher, while improving economic data can be expected to undermine the price.
Our central scenario remains one of gradual, albeit sluggish economic improvement. We are, therefore, not getting overly optimistic over the perspective for gold (that is except for the odd ‘gold bug’ we may have in our own team!). [Source: Lothar Mentel - Tatton's Weekly]

[shavian] 17/10/2015 10:00

POG and POS both through up 200 day MA, a rare event recently.

I wonder who bought the 8mil?

[ukgeorge] 16/10/2015 16:11

yes news likely Monday, which will just confirm how water tight news from this company is........

[htrocka2] 16/10/2015 15:56

chart looking good as well


2015-10-16 13:21:55 20.75 4,000,000 19.75 20.75 Buy £830,000

[...]

[beeezzz] 16/10/2015 15:50

I couldn't believe my eyes....must be good news coming, volume been building for a while now, maybe Monday.

[ukgeorge] 16/10/2015 14:38

that is confidence!!!

[mclayton3] 16/10/2015 14:06

Two 4mil buys @ 20. 75!!!

[ukgeorge] 14/10/2015 15:57

until they are in commercial production, these are risky.

The last six months has been a shambles, and news was clearly leaked.

As with most mining companies the management are handsomely paid and then award themselves ludicrous amounts of free options. I think they stole 2% of the company through this last year.

It will be interesting to see in six months or so what the mines actual cost/oz are. I will not be surprised if they turn out to be materially higher than was forecast in the feasibility study.

The high volume suggests that we are likely at a turning point, maybe production has increased and commercial production is getting closer. But the sure fact is that PI will be the last to find out.

The mine has done 6koz since end of May when it should be doing 10koz a month, that is why the share price is low.

[robrah] 14/10/2015 15:41

Not good enough. Tired of the same nonsense. Like they built mine from scratch in the jungles of Africa. Blah lah blah . We gave them money to do exectly what ??? They are well compensated . On fact after every blunder they award them selves options. (Free ones )The have not stuck to a single deadline . The market see no confidence in David reading and his company . what else can explain the share prices dispite finally being on cusp of production. The disappointment the market one too many times.

[diesel] 14/10/2015 15:32

I'm happy with progress, but not sp, primarily that's down to POG.
They have managed to build a mine from scratch in a West African jungle, reroute get rivers, re housing villagers, building roads and keeping locals and government on board, this could have gone wrong at so many of the obstacles they had to overcome.
Now with gold prices slowly clawing back this beginning to look good value, the risk factors have all but disappeared.

[beeezzz] 12/10/2015 16:17

Schedules in mining are just guestimates....no knowing what problems may occur like Ebola for instance, which obviously was outside their control.

[ukgeorge] 12/10/2015 14:25

yes read that, on schedule, to be six months late.....

[jimcar] 12/10/2015 13:53

Mentioned by Dominic Frisby in Moneyweek. says commercial production on schedule for Dec 1st (according to Reading) which could lead to a rerating. He has a "fondness" for the shares

[ukgeorge] 12/10/2015 11:41

yes partly on gold move, but given the volume of the last few trading sessions looks like the insiders have been given the nod.

Joe public can expect to get the news in the next week or so.

[beeezzz] 12/10/2015 11:19

Bit of interest today....nice move up!!!

[ukgeorge] 08/10/2015 10:03

volume 3,000.

so pretty irrelevant

[htrocka2] 07/10/2015 20:52

Aureus Mining Inc.
Exchange: TSX Exchange | Oct 7, 2015, 3:35 PM EDT
logo



AUE

$ 0.44 Change Up

Change:
0.05 (12.82%)

Volume:
3,000

[m w] 07/10/2015 19:31

12 percent up in Canada, Looking good

[shavian] 07/10/2015 18:35

An oblique mention of AUE in Canada in 'Sprott's Thoughts'. Hopefully we won't get the Rick Rule treatment until we are up and running at full production. It didn't do STI much good!

[michaelwhight] 07/10/2015 10:57

Back in today.

[diesel] 07/10/2015 07:54

POG firming and volumes high these last couple of days, should be a good day.