Avocet Mining Share Discussion Threads

[bionicdog] 16/9/2005 12:04

Sorry , wrong thread. I thought I was on GSL for some reason (probably alcohol induced).

[supersturrock] 16/9/2005 11:58

Thanks YikYak, will take a look.

[holdontight] 16/9/2005 11:50

Where's Ashley ? Your views please ?

[supersturrock] 16/9/2005 11:44

Am a contented holder of AVM but tend to specialise in oil and property stocks. Do any of you gold buffs have any other good ideas in this sector? Am looking ideally for London listing / co-listing, rising production profile and preferably good gearing from high production costs.

[yikyak] 16/9/2005 11:36

yikyak - 9 Sep'05 - 16:45 - 867 of 922 edit


wolstencroft, I agree, some stocks simply are as dull as watching paint dry and often investors leak away out of sheer boredom. Avocet falls firmly into this pigeon hole but the upside is that many investors are on the sidelines that either no longer have a position at all or one far smaller than they once did. The advantage of this is that when it does start to move (over the £ really) we should see a buying frenzy of investors who are already fully aware of it's significant undervaluation.

When it breaks it's reputation it's going to break hard. Until we reach that point though..........................yawn.

Still invested at the moment but I will be one of the many diving in!

....................

Not far away now!

[kickstart] 16/9/2005 11:31

Volume still pathetic, if it gets a tip over the weekend we could really move monday. Obviously little stock around to move this much on so little volume. Unless there is a much larger trade we have not seen yet.

[davocon] 16/9/2005 11:28

Cheers, gucci, it's looking that way.

[gucci] 16/9/2005 11:24

well done davo
100+ today?

[davocon] 16/9/2005 11:21

This is really starting to motor now, already in profit from this mornings purchase,nice!

[wolstencroft] 16/9/2005 11:08

AVM is one of my largest holdings but volumes are still small. I guess that some of the rise is MMs realising that Canadians and majors are up stringly and so why not AVM. Hopefully no-one will sell at this price, which IMHO represents one of the best values of any mid-size producer in the UK or Canada.

[gucci] 16/9/2005 10:55

bought dec long first thing gnome
could see 120p

[lordgnome] 16/9/2005 10:51

Just joined you with a Dec long. Been watching all morning and my indecision just cost me 3 points. Ho humm.

[gucci] 16/9/2005 10:49

let go guys
the race is on!!!!!

[bionicdog] 16/9/2005 10:48

I should imagine that I'll get killed in the rush at £1 ;o)

[kickstart] 16/9/2005 10:47

looks like I have created blast off !

[kickstart] 16/9/2005 10:45

looks like we are about to move up at last. just added 50 pounds a point on to my spreadbet for December.

[saucepan] 16/9/2005 09:58

Added again, in the form of a March long spreadbet.

[hosede] 16/9/2005 09:54

Yam
Yes I hold S945. Got burnt on geared silver warrants earlier this year when price fell steadily but at current levels this is very low risk - just like holding the metal. Still looking at Gold - hoping it will drop back, at least in sterling terms if the dollar falls.

[bestbuddy] 16/9/2005 09:12

Wow
Looks like gold is on a run.
Avm got some serious catching up to do.

[gucci] 16/9/2005 08:04

looks like a fantastic first stop at 100p

[budevenwiser] 15/9/2005 23:24

best part about this rise in gold is it not only breaking out against the dollar it is breaking out against every other currency , pound , yen , euro and swiss franc
looking for another good day tomorrow

[doobydave] 15/9/2005 22:23

Great time to be on board. Just look at that chart... Anyone for a top-up? Almost a comfortable T-trade!

[kickstart] 15/9/2005 21:23

Amazing only about 25 posts today on this thread when Gold is going through the roof and U.S. Gold stocks flying again. However, I did increase my AVM position today by 33% when the offer was 87p. So, not all bad. Also long OXS big time.

[powerbooks] 15/9/2005 19:01

Gold hits 17-year high as some investors swap currencies for bullion



Gold prices rose to a 17-year high in New York as investors bought the precious metal as an alternative to currencies.

"It shows a growing lack of respect for all currencies," said Dennis Gartman, an economist and editor of the Gartman Letter. "You can't have a bull market in gold until it starts going up in all currencies, and that's what it's doing now."

Argentina's central bank may increase gold reserves as a hedge against inflation and protection against a financial crisis, Juan Ignacio Basco, bank head of market operations, said yesterday in London. Increased reserves helped South America's second-biggest economy stabilize its currency and revive investor confidence after a $95 billion debt default triggered a plunge in the peso in 2002.

Gold futures for December delivery rose $4.30, or 1 percent, to $458 at 8:59 a.m. an ounce on the Comex division of the New York Mercantile Exchange. Prices earlier reached $459, the highest since June 1988.