Avesoro Resources Share Discussion Threads

[stevie blunder] 12/4/2019 17:23

March presentation added to header:

[ukgeorge] 12/4/2019 16:23

Maybe they could buy Hummingbird, or possibly avocet.

[stevie blunder] 11/4/2019 17:34

Blaming recent share price fall on City Financial disposing of 800k
Hint of some news possibly on the way about acquiring a new asset

[robrah] 09/4/2019 08:06

truly a penny stock now in old money . private retailer investors well and truly robbed.

[rediffusion] 01/4/2019 18:10

Aisc @ 1250, $100m debt and free cash flow plummeting. Needs gold over 1400. Simples.

[stevie blunder] 14/3/2019 18:17

Interview with Geoff Eyre, CFO of Avesoro Resources

[stevie blunder] 14/3/2019 16:15

The results announced today in the RNS are Non-GAAP measures.

The "official" accounts are on the website along with the "Management Discussion and Analysis"





Looking forward to the Investor call tomorrow

[stevie blunder] 07/3/2019 09:47

Looks like a dull near term outlook here absent a spike in the gold price or some M&A activity
My only quibble with the RNS is that we were told that stripping costs were going to come down in 2019 as the company caught up with the mine plan, but now stripping is increasing so much that outside contractors are going to be brought in.
I know it is all for the underground mine but still, jam is always tomorrow.

[roguetreader] 06/3/2019 17:08

mdalos1,
if by 'Gold is realigned to the Dollar' it means as some theorists are saying Gold will move up in price as the dollar moves up, then if this were to come about it is possible ASO will also move up in price in the short / medium term.

However, my experience of the last few years of the Precious Metals Miner bear market (especially junior stocks) is that anything seen as potentially negative to the operation of the company in the short term has had a disproportionally negative impact on the share price in the short / medium term. For that reason IMO the ASO share price is likely to remain weak in the short / medium term.

Obviously as a holder I would like to see the opposite of this, but as I am positioned for the next few years and am happy to wait, I see the most important aspects of today's RNS being the extension to the LOM and the forecast LOM AISC. Obviously, management still need to deliver, but so far so good IMO.

[roguetreader] 06/3/2019 09:55

Another excellent RNS supporting the solid progress being made IMO. The one statistic I would add to the above post is that the NL LOM has been extended by seven years to 2029. This is absolutely key to the long term.

That said in todays 'short term thinking' market the focus will likely be on the increased costs of stripping and the relatively small increase in borrowing to support the increased Stripping and capital requirements.

So I won't be surprised if the share price continues to drift side ways for the foreseeable future i.e. 2019, unless there is a significant movement in gold prices.

RT

[plasybryn] 01/3/2019 23:34

City Financial held these hence sell off today.

[abid6814] 26/2/2019 09:39

Slow and steady rises will do me fine!

[stevie blunder] 16/2/2019 13:14

Many thanks for the link, I've added it to the header