Avocet Mining Share Discussion Threads

[budevenwiser] 02/12/2005 16:28

just spoken to jonathan henry , wont waffle on about all the things we spoke of but everything at the 3 mines is fine
penjom
oct 10 000 ounces nov 10 000 ounces
costs more or less same as interim numbers

zeravshan
oct best months production for 12 months ( would'nt tell me how many ounces )
nov less because of holidays
costs coming down

north lanut
oct broke records over 6000 ounces
nov less than oct because of holidays ( ramadam )
costs well below $200 looking very good

plan is up to now effendi next to be developed only 1 Km from riska

[mr ashley james] 02/12/2005 14:33

Wow AVM has woken up to the Gold Price being above US$500 toz up 0.25p LOL!

[kojak78] 02/12/2005 09:10

Jilau is a trash mine. Taror and Chore are totally different stories, they could produce 130000 oz at below 250 cash costs. At 2.10 copper prices perhaps far below 200. The problem with Jilau is missing grades. We shouldn't forget the dump leaching operations, though!

[goml] 02/12/2005 06:58

yes well my thought when i first read that was....at least the timescales are realistic.....but it's no surprise that the market doesn't like the sound of it much.

obviously if gold carries on going up, the contribution to profits from a high cost operation like the tajik one will show good gearing. it feels like a long time to wait though, especially if it acts like a drag on the share price in the mean time and gobbles up cash.

[beckaroo] 02/12/2005 00:50

Error before and I cant change it. Heres what they quote:-

Jilau turnaround –85,000ozs, at less than US$300/oz within 2 years
Taror/Chore –feasibility studies underway on 3m ozs
greater than 10m ozsRussian resources to be evaluated
Positive platform for growth in Central Asia

Establish an exploration team at Chore in spring
Establish a project management team
Collect and analyse all FSU data
Build a Geobioticspilot plant at Taror
Determine a final plan of action for Taror and Chore within 12 months
Complete a feasibility study for financing within 18 months
Commence project development within 2 years•Commence project production within 4 years

[beckaroo] 02/12/2005 00:23

The Interim Results presentation is on the website. Nice informative presentation. Regarding a turnaround in Tajikstan they quote:-

Jilau turnaround –85,000ozs,

[brad1] 01/12/2005 23:25

hmm hmmmm what is this all about!

[bodg] 01/12/2005 22:34

Holdon....Thanks for the response and agree with your comment but hopefully Caledon may have a bigger dowry when the Mojiang update is released....and our investment in Eldorado is nothing to be sniffed at.

[goml] 01/12/2005 20:05

Brown had no choice, he's just a cog in the machine. All the central banks were and are at it. Keep the fiat money system running as long as possible through fair means or foul, that's the name of the game.

[holdontight] 01/12/2005 20:05

I think AVM could do worse than buy them, but any marriage would not be one of equals!

[bionicdog] 01/12/2005 19:52

Even a broken clock is right twice a day!

biswell - 29 Nov'05 - 12:12 - 5214 of 5217


Remember Ash the other year when I pointed out the double top that AVM formed and predicted the slide back to around 55p ?




Well it's happening again and with oil now falling I think Gold must have topped out

B

[biswell] 01/12/2005 19:43

What goes up soon comes down and when it does hold on to your hats

I see Tajikistan production is costing $600 an ounce

What a great prospect that was eh ?

No wonder they are buying in China .

B

[bodg] 01/12/2005 16:42

There has been suggestions that Avocet and Caledon might would make a suitable marriage.Any of you Avocet experts have an opinion on that?
------------------------------------------------------------------------
Full article.....
Gold to Top $700 an Ounce

Gold is a beneficiary of the move to "hard assets" as investors shun financial assets which are vulnerable to higher interest rates. Oil, real estate, platinum are near historic highs. Gold is next. Meanwhile, gold's supply and demand fundamentals remain tight. Demand is strong and supplies are weak. Jewellery demand rose a whopping 15.4% in the first half of the year due mostly to the demand from the Middle East and China. The supply of gold will be constrained due to lower gold production and central banks sales, which are capped at 500 tonnes per year. South African gold output will fall to an 80 year low to 300 tonnes, down from 346 tonnes produced last year. South African output has fallen by over a third in the past decade. The European central banks have extended their agreement to 2009. Russia wants to recycle its petro-dollars and double its reserves to 10% by 500 tonnes. If the Russians increase their reserves, can the Chinese be far behind? China currently holds 700 tonnes and would need six times that amount to match the Russians.
As such, we believe that gold will at long last reach $510 an ounce this year and top $700 an ounce next year. However, we believe the ultimate target will exceed $850 per ounce. In our view, gold's bull market has only just begun.

Recommendations

Investors have been frustrated by the lack of performance of gold stocks while gold bullion records new highs. Indeed, the chief executive officers of many of the gold producers are equally frustrated. A review of gold producers' last few quarters tell the story. Simply, gold producers cannot make money with gold below $500 an ounce. Rising energy costs, ever deepening mines, labour and equipment shortages have all contributed to an escalation of mine costs. In addition, the lack of discoveries and years of high grading during the nineties contributed to poor profits. As a consequence, exploration spending has been flat resulting in few gold discoveries. Instead, the industry has dusted off previously known discoveries and only under a new price deck have old development programs been accelerated. Thus in order to replace production and reserves, gold producers have found it cheaper to buy ounces on Bay Street than to spend money in the ground.

For example, Barrick Gold, already Canada's 800-pound gorilla, has decided to make a hostile $9.2 billion bid for Placer Dome creating the world's largest 800 pound gorilla edging out Newmont Mining Corp., who may or may not enter the fray (we think the odds are small). Nonetheless, we believe that if either Barrick or Newmont absorbs Placer, M&A activity will be even more hectic as they will want to divest some of Placer's assets..

While gold stocks have been underperforming we believe that once gold breaks above $500 an ounce, stocks will outperform bullion. Our next target is $700 an ounce in 2006, so gold stocks still have significant upside. A review of our clients' portfolios show that the majority have less then a market weight in gold stocks. We thus expect an avalanche of money to go into the gold stocks as part of the secular trend to "hard assets." Technically, many of the gold stocks have reversed their downtrends and have only just emerged from long bases. As such we continue to recommend an overweighted position to the mid-tier gold companies with rising production profiles and reserves.

[bestbuddy] 01/12/2005 15:59

AVM back at the bottom of a rising channel and gold breaking $500.
Hmmm tricky one this, should i buy or sell?

[yam114] 01/12/2005 14:46

and he wants to be prime minister?

[yikyak] 01/12/2005 13:38

Brown's great bullion sale has cost us £1.6bn

By Ambrose Evans-Pritchard
With gold surging to 22-year highs of more than $500 an ounce, Gordon Brown's fire sale auction of most of Britain's bullion reserves has so far cost taxpayers £1.6billion.The Chancellor ordered the Bank of England to sell 60pc of its gold in 17 auctions between July 1999 and March 2002.The first sale, at $254 an ounce, caught the exact low-point of a 20-year slide in prices that had left gold vastly undervalued compared to equities. In total, 395 tonnes were sold at an average of $274.9 an ounce.

[zaky] 01/12/2005 13:02

"Avocet - best kept secret in the industry."


Too much of a secret in my opinion....

[corrientes] 01/12/2005 07:28

The directors don't want to rock their cosy boat,but the flip side is telling you that there are better opportunities elsewhere if you want to see a possibly quicker but more dangerous road to riches.

[yikyak] 01/12/2005 00:09

Has anyone here met the management/brokers, are the covered in cobwebs? :-)

[kojak78] 30/11/2005 21:20

Now I know why Avocet is so cheap. Nobody knows them. Take a look at therankings on www.golddrivers.com. 363 junior gold companies and Avocet (one of the three dozen biggest producers in the world) isn't listed.

Avocet - best kept secret in the industry.

[yam114] 30/11/2005 14:26

Fat Prophets have a buy on AVM out today.

[kojak78] 30/11/2005 11:24

"GLOBEX MINING ENTERPRISES INC. (GMX-Toronto, G1M-Frankfurt and GLBXF-U.S. Pink Sheets) is
pleased to announce an important gold bearing drill intersection of 25.35 g/t Au (0.74 oz/T Au) over 6 m
(19.68 ft) or 18.71 g/t Au (0.55 oz/T Au) over 8.25 m (27 ft) on their 50-50 Wood-Pandora Joint Venture project
with QUEENSTON MINING INC. (QMI-Toronto, Stuttgart) in Cadillac Township, Quebec."

Enough for 200%?

Perhaps the right thing to do is invest in a 20 mio market cap explorer (without any resources or reserves of course) and wait for the 150-200% gain. Then sell and repeat. Disgusting but true.

[brad1] 30/11/2005 08:51

I think I well sell my house if this goes any lower and lump it all in - way undervalued, especially if gold continues to rise.