Avesoro Resources Share Discussion Threads

[ileeman] 15/5/2018 11:33

Added more yesterday around 275p.

[cf456] 14/5/2018 18:54

"#ASO Largest volume day this year. Understand these huge prints on 270 today are buyers working with seller. Starts shifting on completion. Roll on #Gold"

[cf456] 11/5/2018 16:47

Yes, the update should be released soon and could well be the catalyst to take the share price to a new level.

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"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".

[ileeman] 11/5/2018 10:22

If this performance keeps up then not an issue.

Heavily undervalued currently, once management RNS increased life of mine then a realistic valuation will take place.

Life of mine is what is holding this back and why this is so cheap. Listen to CEO interviews he sounds confident on increasing the life.

Yesterdays RNS states we will get news very soon.

[stevie blunder] 11/5/2018 10:00

Thing is we all know there will be a placing this year at some point to fund the mystery acquisition
That might put a temporary lid on the price, also the CFO said in an interview the 300p could be an appropriate level for the Turkish owners to sell some stock.
To be clear I am bullish here, just wish I had bought more than I did when I averaged down, so I’m still underwater
:-)

[cf456] 10/5/2018 10:48

A breakout could also really get things moving. As per post 284, there's no real resistance until 500p.

[ileeman] 10/5/2018 10:31

Added today at a little below 290p.

After todays results market should slowly clock on how cheap this. Huge growth + scope for significant increased production. Currently trading on low PE numbers.

Life of mine news next could really ignite this.

[blueball] 10/5/2018 09:58

That's just great.

[roguetreader] 10/5/2018 09:42

Cracking set of results.

[twistednik] 10/5/2018 09:12

Break above 300p ish and no resistance until 500p !

[twistednik] 10/5/2018 09:11

Great results on every level. Just needs to use cash wisely to increase life of mine to rerate significantly.

Still massively undervalued on the fundamentals and technical strong if it can move above 300p by the end of the week.

[cf456] 10/5/2018 08:11

Strong start and rightly so.

Very strong results and hugely undervalued. Scope for a significant rerating here.

[bobby1904] 10/5/2018 08:08

Brilliant results RNS this morning! The share price really ought to have been iver 300p already. Maybe this can re-rate now...

[cf456] 10/5/2018 07:15

"#ASO An absolutely stunning start to the year. Record quarterly revenues of US$91.4m, Ebitda in Qtr1 is 133% higher than the whole of 2017! Highest production to date, a beat on production & AISC guidance, cash & net debt improvements. Can't ask for better. 300s ahead"

[cf456] 09/5/2018 15:31

"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"

[cf456] 09/5/2018 10:26

Results due this week. Perhaps a decent gap up if they are bullish.



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.

[cf456] 03/5/2018 16:58

Agreed.

Plenty of newsflow in the offing too. Better to pick shares up now rather than chase after the inevitable gap up when the next bullish RNS lands.

And of course when price breaks out above the wide base to new 52 week highs, that'll attract the momentum buyers.

[ileeman] 03/5/2018 16:24

Every dip getting bought, no surprise. Very very hard to buy, most the time goes to NT.

Huge move coming once 290p breaks.

[blueball] 02/5/2018 20:26

stay in cash.

[beeezzz] 01/5/2018 22:15

MW...Thanks....lets hope so. taking a leg down maybe a buy opportunity for you...

[michaelwhight] 01/5/2018 08:51

Beez. Have a look at TERN. I've made my losses back there and will get back in here shortly.

[ileeman] 30/4/2018 17:00

I added some more last week.

Nice move over last month or so but still very much undervalued.

[beeezzz] 27/4/2018 22:06

It will need to rise a considerable amount before I get my money back.....however heading in the right direction, lets hope gold is on a bull run too.

[cf456] 27/4/2018 12:48

Gearing up for a large potential move. The resistance around the 290 - 300 area is being eaten away, with buyers keen to pick up stock on every dip.

Once that goes then the next significant resistance isn't until 520.