Avocet Mining Share Discussion Threads

[bionicdog] 23/7/2004 19:23

7 posts in a row you boring git.
i for one don't get wound up by you , as i realise that you are only here to annoy and irritate. therefore i will just be rude to you.

[biswell] 23/7/2004 19:09

Tut tut....Mr Henry should stick to talking about AVM....the $ is now gaining strength and POG is falling, it makes what has been said in the RNS ill timed and badly thought out

Any further weakness of the US dollar should unlock the door to a higher goldprice. This remains a real possibility, with record US budget deficits,equivocal signs of economic recovery, and only tepid signals that the Bushadministration is interested in stabilising the dollar.

also badly timed words in a similar vein

Nevertheless, the gold price has once again startedto ratchet itself up above US$400/oz with renewed concerns over a US recovery.During the year, all gold sales undertaken by the Group were into the spotmarket and deliveries against an old hedge position of 80,000 ounces were rolledover. This future obligation accounts for just over 1 per cent of the Group'stotal gold resources.

B

[biswell] 23/7/2004 19:05

Progress was also made innegotiations with the Government of Tajikistan to swap shareholder loans that weacquired at the time of the ZGC purchase for a significant increase in ourownership of ZGC.

What sort of a statement is that......what progress was made?

The Tajiks want more cash is what....it is going to cost...How much?
B

[biswell] 23/7/2004 19:02

Another reason for 300,000 oz failing

ZGC generated positive cash flow and profit for the Group. This was despite goldproduction declining to 55,500 ounces as years of neglect with respect tomaintaining ZGC's physical assets and ore reserves started to take their toll.

B

[biswell] 23/7/2004 19:00

The following extract says costs are going up...unbudgeted items does not sound very good...so costs will be even higher still when some more unbudgeted items are discovered


A positive feasibility study on the Riska deposit at North Lanut was completedin June 2003. This study envisioned an open pit and dump leaching operationproducing an average of just over 50,000 ounces of gold per year forapproximately 5 years at a total cash cost below US$200/oz. The total capitalcost was estimated at US$11.0 million. Progress to date indicates that capitalexpenditures may be up to 20 per cent higher largely on account of US dollardepreciation and unbudgeted items that will enhance the project's future.

B

[biswell] 23/7/2004 18:57

You are not going to like some of these observations

1. The following shows that 300,000 oz by end of 2005 will NOT be achieved

RNS Number:0510BAvocet Mining PLC21 July 2004PRELIMINARY AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 2004 * Gold production up 34% to 179,930 ounces

When AVM does not hit it's target of 300,000 oz on time as promised,the markets will not like it.
B

[biswell] 23/7/2004 18:33

Slow Stochastic is at the top of the range with a sharp kinky bit of a squiggle, and MACD about to turn down .

Should have sold chaps when I said.....'Take the money and run' nice song
B

[thenry] 23/7/2004 17:40

bis did u get out of your last short before it shot upto $407.

[biswell] 23/7/2004 17:34

MINING SECTOR

Going down....heheheh (Muttley style best used)
B

[biswell] 23/7/2004 17:33

POG

Looks like it could now be on the slide to the end of the month.....when the dreaded rate rise man do cometh

$370 comes next before $350
B

[biswell] 23/7/2004 17:30

GOML

Funny, you should say that.....my dad says

'Son if the Isle of wight lighthouse broke down all they would need to do is get you to do is go up top, drop your kecks,bend over and turn round and round'

B

[biswell] 23/7/2004 16:17

POG wants to tank by the looks of it Yum Yum
$370 here we come
B

[biswell] 23/7/2004 16:16

This is not boring at all it is very stimulating as I watch my investment grow as POG falls and think when and if I shall be this or some other gold share piece of paper.

No dividend is there, unlike some shares I own that pay 9%
B

[thenry] 23/7/2004 16:00

bis fantasy gold trader.

[jeddah jo] 23/7/2004 15:58

Yes, Bis and you will also go on your hols and vanish off the face of the earth as soon as the POG bounces back up again (which it will sooner than you think).

It's getting boring mate, just give it a rest.

JJ.

[biswell] 23/7/2004 15:43

I'm looking for a nice MACD drop to -2 now please, like in feb would do OK, and a RSI return to say 20...best not be greedy
B

[scotinvestor] 23/7/2004 13:52

why is AVM price not moving northwards after results?

These results were really good. I dont understand

[pecker1] 23/7/2004 11:03

There is undeniable short-term price weakness in gold. But,IMHO this is very bullish for gold and AVM. Why? Because it will reduce supply over the coming months as hard-pressed South African miners close shafts/mines that are loosing serious money now. A lower gold price also makes marginal projects less valuable, therefore reducing the cost of acquisitions of both development and existing mine capacity. So AVM with its cash (and cash flow) is well placed to pick up choice properties like Lanut at sensible prices.

In the longer-term, supply will also be affected by the current postponement of many new projects as inflation of fuel and other costs increase the upfront costs of developing and opening new mines, particularly in more remote locations where infrastructure is non-existant. On the demand side we have India and China with high rates of economic growth and in Western countries the growth of investment demand for gold as the triple US deficits get larger and $ money supply increases at 10% pa.

Of course there are many other factors that enter the equation but these are the main reasons why I believe AVM should perform, perhaps even to the extent predicted by kojak in 4744.

[sideburnsam1979] 23/7/2004 08:18

Six long paragraphs and thats all you come up with! some justification for your statement that gold price will undoubtably collapse over the coming months might be nice.

As for Takikistan operations dump leaching to be introduced which will be considerable more economical,there are various other sites being investigated for future production add this to massive reserves previously discovered, then compare this to what they paid!

[chambeaj] 23/7/2004 07:55

"Zeravshan continues to underperform with cash costs of production still as high as US$322/oz"

Does rather look as though its all over for gold - price will undoubtably collapse over the coming months. Markets do not seem to care that the US has a budget deficit of 299% GDP etc. etc. Interest rates in the US will undoubtably rise (although imho not as fast as some are inferring)...

All this is surely bearish for Avocet? and Zeravshan will be uneconomical to operate?