Avesoro Res. Share Discussion Threads

[deltrotter] 25/1/2016 14:17

That is what usually happens pixi. I guess they are going to be as nervous as hell in stumping up more cash. Good money after bad????

[pixi] 25/1/2016 14:09

I bet the lenders screw them to the floorboards over this.

[deltrotter] 25/1/2016 12:22

Ha ha - good on you MW.

Forget the ebola crisis, and the price of gold, it really does seem as though there has been a horrendous mess made of the whole project.....

[michaelwhight] 25/1/2016 12:13

Bought 2 new comfy sofas at John Lewis. Much better.

[arf dysg] 25/1/2016 11:26

beeezzz (6506)
"... but AUE management cannot even get the mine up to full production"


Are you saying they couldn't get it up?


Mwaaaaaaaaahahahahahahahahahahahaaaaaaaaaaaaaaaaa




diesel (6511)

"isn't the target production, 10,000 oz/month? [...] but at 3600 oz so far this month that is barely 50%."

To be precise, it's 36% which is WAAAAAY less than 50%. :)

[robrah] 25/1/2016 11:19

Knowing reading he would give it at discount of 90 %

[bsg] 25/1/2016 10:58

Who's for another placing at 2p?

[robrah] 25/1/2016 10:33

No reading has not done his job. We are years behind schedule . We are debt ridden. Still not at commercial production. Poor poor preformance by reading.

[eeza] 25/1/2016 09:33

Hit 121p soon after the split. Unfortunately I didn't have the sense to sell at the time - quite a bit lower.

But a 20 multi-bag above now, although, oddly, it gives me no sense of satisfaction.

As far as the mine is concerned, Reading has done his job, and been well paid - but that has been paid for by the s/hlders who have had SFA but pain & destitution.

[deltrotter] 25/1/2016 09:24

You've not bee around long enough then Robrah. Split off from alongside Afferro many moons ago. Think it hit about 110p at one point.

Literally, downhill ever since....

[robrah] 25/1/2016 09:22

I don't recall Dell selling around a quid . Don't even this this hit a quid.lol .

[deltrotter] 25/1/2016 09:16

Agreed MW, we make our own choices and shouldn't be blaming others when they go wrong IMO. Take it on the chin, learn from it, and move on.

All IMHO.

GLAH

Cheers

Del

[michaelwhight] 25/1/2016 09:11

No not bitter. We make our own choices. Difficult to get it right when you're only a little player like me and they don't play with a straight bat though. Property is more predictable.

[robrah] 25/1/2016 09:04

Anyone goona come out defending reading saying " do u know how difficult it is to build mine if africa." Lol

[deltrotter] 25/1/2016 09:04

Enjoy MW - life's too short to get bitter about stocks and shares IMO.

[michaelwhight] 25/1/2016 08:59

Well I've pretty much written it off now. RG must be fuming unless they cut him a deal. To sink another £4m in only for this to happen must be galling. Makes me want to just go out on a spending spree today. At least I'll be getting some pleasure out of it. Ok Bluewater here I come.

[deltrotter] 25/1/2016 08:52

Agreed MW - surely this can't be the case though.

Problem is, if they can't service their debt then this is going the way of Afren et al IMO.

[michaelwhight] 25/1/2016 08:40

That had crossed my mind. They should be strung up if that's what they are doing.

[deltrotter] 25/1/2016 08:36

michaelwhight - that's the bit I can't understand. Unless, as eeza says, an MBO on its way?

[eeza] 25/1/2016 08:34

Maybe MBO coming?

SP methodically trashed down from around 120p at split with AFF to 3p now.

[michaelwhight] 25/1/2016 08:30

It's hard to see how they could have messed this up any better. Why buy more land when you are that strapped for cash?

[horneblower] 25/1/2016 08:30

del, it's a little early to be masturbating isn't it?

[deltrotter] 25/1/2016 08:26

Maybe not as bad as it seems? Holding up pretty well at the moment.

Good luck all holders - I feel your pain. I had massive hopes for this one back in the day.