Avesoro Res. Share Discussion Threads

[parthus] 14/10/2016 14:23

Christ ! He really has got some face to him... back again with platitudes !

I suppose he can't help himself, being a complete oaf.

He did promise to go away some time ago, but sadly, being full of himself, he is
back telling us YET AGAIN how well he did...

The news is not great, but made no better by this buffoon !

[deltrotter] 14/10/2016 14:12

Hi Parthus

I am dreadfully sorry you feel that way.

Gee, AUE and AFF have been an emotional rollercoaster, and in your case a financial disaster as well. I certainly take ABSOLUTELY no pleasure from you being burned so badly.

Ok, I did well (but not massively well) from AFF in the last two months when I knew all was going ahead, but I certainly wish others had as well.

Getting out of Aureus was a stroke a luck on my part, I wish I could say it was investing skill.

Anyway, no matter your opinion of me, I do wish you well.

Cheers

Del

[unionhall] 14/10/2016 14:12

Hard to imagine that a small potentially exciting Gold Explorer (Mano River) which managed to stay alive during the Liberian Civil war has come to this....Diamonds stuffed, Iron Ore Stuffed, Gold Stuffed.

Should be a required case study for any prospective mining PI's into what can and does go wrong....

[parthus] 14/10/2016 14:08

Del:

Your sarcasm is unwelcome and crass. Why do you always come back here whenever there is bad news to tell us how well you did in selling out early and getting a good price?

Do we really care ?

Your intent is clearly bent on being smug and self-sufficient, not traits I admire.

Now kindly do sod off.

Ta

[deltrotter] 14/10/2016 13:59

Hi Parthus

I really hope it works out for you here.

(Hope all is well with you and yours.)

Take care

Cheers

Del

[parthus] 14/10/2016 11:00

Sod off del

I thought a holding in excess of 75% forces an automatic takeover, but perhaps this
does not apply to an aim share?

Is there any clue as to how the Broker Option works? Or is this upto the
Broker's discretion?

Very disapponted, however I feel there is very little to lose at this level, and
I may very participate to increase my holding at 1.5p. Dyor

[ukgeorge] 14/10/2016 10:52

If we make enough negative comments we'll get back to 40p.....

We need to see what the charts are saying as well.....

[valentine] 14/10/2016 10:51

Cok Giro ve Fiyat yok!! Sold at 2.9por thereabouts a couple of weeks ago..whhe-hew!! I wasn't pleased as thatwas a loss.
Oh dear didn't expect that sort of dilution. Maybe a buy at a penny as they are sweeping the overhang out the door in a week or ten days time?

[ukgeorge] 14/10/2016 10:50

2017 guidance is 100koz costs will likely be higher than they are estimating so call it $1,000/oz, being generous at $1,250 that's $25M profit then there will be $5-10M head office costs.

your £10M estimate is probably about right,

Mkt cap at 2p will be £112M

I would think the shares will fall to 1.5p in the coming days.

[bsg] 14/10/2016 10:50

Well it's never going to get to 40p.

[pottermagic2310] 14/10/2016 10:45

The Company has conditionally raised approximately US$72 million through the issue of 3,900,000,000 new common shares of the Company ("Shares") at the Placing Price, to be comprised of 3,250,000,000 Shares issued to MNG Gold at the Placing Price pursuant to the Subscription and 650,000,000 Shares issued to institutional investors at the Placing Price pursuant to the Principal Placing. Following the Fundraise the Company will have 5,104,039,001 Shares in issue. Under the terms of the Broker Option, the Company may also issue up to a further 540,000,000 Shares.

Let's assume the additional 540m shares will be issued.
That's a huge dilution from 1.2 billion to 5.1billion in the first instance!!!
MNG will be increasing their holding to around 75%

The proposals suggest profit of £10m per annum might be possible... anybody recall what the Mine's productive life is ?
Any existing (PI) holders only have 2 choices really.... 'fold' now or 'go again'.

Anybody think MNG might take this private following all of this activity ?

[ukgeorge] 14/10/2016 10:44

Serhan Umurhan, Chief Executive Officer of Aureus, said:
“The fund raise provides the key to unlock the significant value from Aureus’s high grade assets. We have been very encouraged by the significant support from a broad range of investors, as well as by the significant progress MNG Gold has made in turning around the New Liberty mine since taking control only as recently as 15th July this year. MNG Gold remains firmly committed to continuing the transformation of these assets into a long term, sustainable business to the benefit of all stakeholders, and to establishing Avesoro Resources Inc. as a platform for further growth.”


So looks like they are going to change the name ....

[deltrotter] 14/10/2016 10:42

WOW! I held these yonks ago at their split from Afferro for £1. Glad I sold. Gee, what a story.

Cheers

Del

[tsmith2] 14/10/2016 10:41

Complete and utter shareholder value destruction..

[ukgeorge] 14/10/2016 10:40

The Company has conditionally raised approximately US$72 million through the issue of 3,900,000,000 new common shares of the Company (“Shares”;) at the Placing Price, to be comprised of 3,250,000,000 Shares issued to MNG Gold at the Placing Price pursuant to the Subscription and 650,000,000 Shares issued to institutional investors at the Placing Price pursuant to the Principal Placing. Following the Fundraise the Company will have 5,104,039,001 Shares in issue. Under the terms of the Broker Option, the Company may also issue up to a further 540,000,000 Shares.

[ukgeorge] 14/10/2016 10:35

1.79p to sell ....

[ukgeorge] 13/10/2016 16:49

no doubtful, imo

banks don't generally want to own mines..... I don't know why, they are so easy to operate, as AUE has proved

[cyberbub] 13/10/2016 16:03

Do people think the "re-sculpting"(!) of the debt is likely to mean a debt-for-equity wipe out?