Avocet Mining Share Discussion Threads

[budevenwiser] 01/9/2005 15:46

well i think i must be spending to much time on all the doom and gloom websites , bought my first lot of physical gold today , some sovereigns
were all doomed

[chipperfrd] 01/9/2005 13:07

Thanks for the update Bud, pretty comprehensive and positive.

[goml] 01/9/2005 12:55

thanks bud.

[budevenwiser] 01/9/2005 12:38

right chaps time for another update
just spoken to john henry
asked a couple of questions regarding the affect of the fall in the value of the rupiah in indonesia
basically 60% of costs are paid out in rupiah and 40 % in dollars as avm deal in dollars they buy rupiah with the dollars , rupiah has fallen against the dollar so more rupiahs so at the moment the further it falls the more it benifits avm
as i see it tho avm will only benefit from this whilst the indonesian government subsidise fuel if they remove it avm fuel cost go up
all avm gold produced is sold for dollars

north lanut
asked had they recieved full delivery of the haulage fleet yet
no we are hoping within the next six weeks
i said i'm sure you said that in june
did i ! well in june we only had 2 of our own , now we have 8 which is half the fleet the other 8 are on the water with some more equipment and are hoping six weeks.
The mine has now started to pay for itself
last month AUG the mine produced a very healthy 5000 ounces
they are hoping for more this month
the mine is now the LOWEST COST producer of gold out of the three mines even lower than penjom altho i have to mention here that penjom costs have gone up slightly
new managment has turned around the operation
also more money to be saved as they now have had delivery of there own drill rig
so as a whole north lanut costs have decreased massively to around $200 an ounce and should drop further when delivery of rest of fleet arrives ( no more contracters ), now have management that know what they are doing , there own drill rig and production could still go higher
doing at least 60 000 ounces now on an anuallised basis and could go higher
about 13500 to 14500 ounces this qaurter

penjom
dont need to say much
still the ever reliable
they are expecting around 30 000 ounces this qaurter but costs have gone up slightly


zeravshan
still on target to reach higher grade ore this september after massive stripping at jilau main pit so hopefully the higher grade ore will start to be treated this month , he reckons from ore being mined , treated and sold can be done in 60 days so should see results start to show thru middle to end of 3rd qaurter
the dump leach facility has been completed and low grade ore is now being processed , it takes a while for this process to reach maximum production but they are hoping for 10 to 20 000 ounces per year from this low cost facility
taror and chore still being evaluated
they are expecting around 10 000 this quarter
as you can expect costs remain high but will drop massively in a couple of months
russian c+p resource could take a long while to evaluate to jork standards

exploration and other
last june i was told they had drilled 1 hole at sua ( idenburg project )and they would release the results from that hole within 2 weeks
well they had a meeting at the beginning of july and decided it would be foolish to release findings from 1 hole which could be misleading
they have now drilled 10 holes , know results of 5 and are all going to jakarta at the beginning of october to release the data
personally dont think they would be off to jakarta to release some duff news
must say that is my opinion , j henry gave no indication what so ever in tone of voice or anything he said to lead me to that conclusion
so could we have some blue sky hopes ,will find out in about 5 weeks
still drilling at all 3 mines and elsewhere
reserves upgrade at penjom dec or at the latest jan
also another 8000 ounces paid off the hedge , down to 58 000
i reckon at least 53 to 54 000 this qaurter
hope this helps

[kojak78] 31/8/2005 12:18

And the best thing is that the gold price dropped 10 US$ in the last days just before the rise. I said it many times before: Avocet's share price doesn't reflect the price of gold but is rising because of the undervaluation, plain and simple.

[saucepan] 31/8/2005 12:03

AVM has looked good fundamentally for a very long time, and technically it now looks attractive, too.

[andy] 31/8/2005 10:54

brad1,

The price of gold is in the news and on the rise again, which would help here as AVM already produce, rather than just explore like some others.

I am considering a top up, as I believe AVM will reward those with patience.

[brad1] 31/8/2005 10:48

I like the chart pattern - things could get exciting in the short term, and about time too. Have patiently been with these for a long time and they are starting to look very good again.

[chipperfrd] 31/8/2005 09:49

Let's hope so Bud.

It is very welcome to see a tick up in the share price as I was a little concerned that we were about to revisit the lower end of the channel.

[budevenwiser] 31/8/2005 09:37

this is the breakout from that lovely inverted head and shoulders , should fly to a quid now before it has a rest , look at the other side

[chester] 31/8/2005 09:35

nor me....breakout !!

[cleo1601] 31/8/2005 09:29

Why the lovely increase today? not that I'm complaining..

[cleo1601] 28/8/2005 17:39

I also have Bis filtered but have heard others respons to this point of his. That he could be using such scare tactics to further his short-term financial advantage makes one wonder to what depths the human depraved mind can sink. If Bird flu ever did take hold with humans, many of us would have something besides the stock market to worry about. Some things just aren't cricket and I count this as one.

[hectorp] 28/8/2005 17:25

I dont have bis available as he is filtered.
If he is talking about avian flu, it has not! changed into a human flu and any such story deserves the bin.
I dont expect he reads the New Scientist of has a Degree in Biology but I do and I almost have ( did 2.5 years of cellular biology at UNi).

[biswell] 26/8/2005 18:44

75p sounds nice

B

[hectorp] 25/8/2005 09:48

Bis is the great contrary indicator.
But he's fixated on the dollar which he thinks is on a roll which is bad for gold in dollars. But I think he has called the gold miners completely wrong yet again, I expect a strong rally in the Autumn. Maybe not yet though.
H.

[bionicdog] 24/8/2005 16:02

It could mean that , but on the other hand it might not.

[biswell] 24/8/2005 16:00

Looks like 4 waves down could be starting, see March

Should take oil back to $55

This could mean gold back to $415



Such a move in oil should see the INDU back up 500 points



B

[biswell] 22/8/2005 13:13

Slow Stochs say scarper

B

[sipptrader] 22/8/2005 13:12

short on this as well biswell?

[biswell] 22/8/2005 13:09

AVM going back to 75p

When will they say 300,000 oz in 2006 is not doable as promised?

Can't be long now

B

[knowing] 20/8/2005 23:13

biswell - 31 Jul'05 - 22:31 - 5167 of 5182


AVM macd turning down , RSI still can go below 20 as before....the share is doing very badly as gold now stands at circa $430 compaired to last year

why....cos folks are not happy with it's prospects

Tajikstan is losing money even at these gold levels


biswell - 22 Jun'05 - 15:23 - 5146 of 5166 edit


AVM now starts the drop to below 70p

GOLD to lose $50 means price target for AVM is now 52p

B


Called this wrong just like ARX