Avocet Mining Share Discussion Threads

[chipperfrd] 17/1/2006 11:32

Too early to say if there is to be a correction in gold or not. POG is still strong at $557 or so but we may get a lead from the US when COMEX opens shortly.

With golds traditional correlation to oil, and with oil looking strong and rising, I reckon the balance of probability is for pog to stay well above $500 and quite possibly even above $550 in the immediate future.

[kojak78] 17/1/2006 11:12

I guess this could be the start of the gold stock correction, at least I hope so because I have to buy a few more shares.

Look, I could have bought these shares at 117p or so. But if we go down to 122 now with stochastics oversold etc. (mid feb) buying price will be higher but with less risk attached to it.

Meanwhile I will buy more non-gold related stocks. Tobacco stocks, Taiwanese shares..

[holdontight] 17/1/2006 10:58

We have consistently pulled back after the moves up we have had last few weeks. Some will undoubtedly be taking profits; some tree shaking as well. But the fundamentals remain that AVM is undervalued, enormously. Close down today, maybe, but back up tomorrow. Even if gold does pull back to 500, AVM has broken key resistance and new trading range is being set ABOVE this level. IMO of course

[chipperfrd] 17/1/2006 10:51

goml,

Cannot see how there would be sb or cfd stops at 129 due to margin requirements. I would have thought they would lie at 121p and below.

After such a good rise there is bound to be profit taking and there are more sellers than buyers so hardly surprising that share price has fallen a bit.

[dixi] 17/1/2006 10:43

Oh come off it Holdontight - you know as well as the rest of us that this is rapidly heading for 75p and below.

Luv Biswell.


Long since 39p and quite happy right now!!!

[holdontight] 17/1/2006 10:21

Just a small pullback.....to be expected.....

[davocon] 17/1/2006 09:49

Yep! definitely a bit of shakin' going on.

[goml] 17/1/2006 09:32

Must have been a lot of spreadbet stops at 129p ! Its such obvious manipulation on AIM!

[kickstart] 17/1/2006 01:27

Stuck with it from 80p, now it starts to get really exciting.

[saucepan] 16/1/2006 20:38

Well, I am still here HOT and have enjoyed the day!

Welcome back in, Andy.

[holdontight] 16/1/2006 20:18

Have all you other longs died ? We have a large buyer, from what I can see......

[holdontight] 16/1/2006 16:00

Recent announcement from Dynasty below....shares currently 31c, compared to all tikme high of just under $20 in 1998. Below article indicates more news due in early 2006....is this one of the things market is pricing in??????

Dynasty Gold Continues to Report Positive Drill Results from Hatu Property, China
Tuesday December 20, 1:52 pm ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 20, 2005) - Dynasty Gold Corp. (TSX VENTURE:DYG - News; "Dynasty" or the "Company") is pleased to report additional results from the Hatu property 2005 drilling program. Nine holes were drilled for a total of 1960 m, successfully increasing the knowledge of the mineralization at the Qi-2 deposit and adding new zones of mineralization outside of the previous deposit limits.
The Qi-2 deposit has an average grade of 1.68 g/t Au over 16.9 million tonnes for a NI 43-101 compliant inferred resource of 912,600 ounces of gold at a 1 g/t cut-off grade, as calculated by SRK Consulting (see Dynasty Press Release June 6th, 2005). This year's program included the drilling of three holes in the centre of the deposit where previous drilling had been restricted to vertical holes. The main structures through the deposit are steeply dipping. Dynasty placed angled holes in this area to better test the extent and orientation of mineralization. Overall, each hole was consistent with previous data for the deposit. Mineralized intersections include 3.0 m of 4.87 g/t Au in hole 260 and 1.5 m of 3.29 g/t Au in hole 301. Hole 260 also includes an intersection of 15.6 m of 1.25 g/t Au at depths between 184 and 200 m, where the total hole depth was 220 m. Highlights of these infill holes include:


Table 1. Qi-2 Infill Drill Intersections
-------------------------------------------------------------
Drill Intersection Intersection Total Core
Hole Start Depth Finish Depth Interval Assay Grade
Number (m) (m) Length (m) (g/t Au)
-------------------------------------------------------------
260 135.5 138.5 3.0 4.87
-------------------------------------------------------------
183.9 199.5 15.6 1.25
-------------------------------------------------------------
300 93.0 101.2 8.2 1.12
-------------------------------------------------------------
122.0 127.0 5.0 1.01
-------------------------------------------------------------
153.6 158.3 4.7 0.59
-------------------------------------------------------------
301 26.2 33.2 7.0 1.03
-------------------------------------------------------------
100.5 102.0 1.5 3.29
-------------------------------------------------------------
Geological mapping and magnetic survey data was acquired and analyzed earlier in the season, and the resulting interpretations indicate a potential extension to mineralization east of the known resource at Qi-2. Holes 100 and 140 lie on the eastern margin of the known deposit and both holes intersect zones grading more than 5 g/t Au. (Dynasty Press Release October 13th, 2005.) Drill hole 060 is located approximately 100 m east of the known mineralized zones. As with holes 100 and 140, hole 060 encountered mineralization in the near surface, including nearly 10 m averaging 1.12 g/t Au. Highlights of the eastern holes include:


Table 2. Eastern Extension Drill Intersections
-------------------------------------------------------------
Drill Intersection Intersection Total Core
Hole Start Depth Finish Depth Interval Assay Grade
Number (m) (m) Length (m) (g/t Au)
-------------------------------------------------------------
060 28.0 39.2 9.9 1.12
-------------------------------------------------------------
100 49.1 63.3 14.2 1.51
-------------------------------------------------------------
Including 51.0 52.7 1.7 5.41
-------------------------------------------------------------
140 28.7 51.2 20.9 2.98
-------------------------------------------------------------
Including 35.6 39.0 4.4 5.83
-------------------------------------------------------------
In addition to new zones east of the known resource, three holes were situated to test for new mineralization south of the defined Qi-2 deposit. Hole 1001, approximately one km southeast of the deposit, was only drilled to a depth of 100 m and failed to encounter significant mineralization. Holes 180 and 181 are situated approximately 300 m and 250 m respectively south of the deposit centre. Both holes encountered lengthy zones of anomalous gold (greater than 20 ppb) as well as mineralization consistent with that seen in the Qi-2 deposit, including 2.7 m of 1.02 g/t Au in hole 180 and 0.8 m of 1.33 g/t in hole 181. Hole 181 has assays pending for all intervals below 157 m; approximately half of that hole. Highlights of the southern holes data to date include:


Table 3. Southern Extension Drill Intersections
-------------------------------------------------------------
Drill Intersection Intersection Total Core
Hole Start Depth Finish Depth Interval Assay Grade
Number (m) (m) Length (m) (g/t Au)
-------------------------------------------------------------
180 63.7 66.4 2.7 1.02
-------------------------------------------------------------
161.5 179.0 17.5 0.40
-------------------------------------------------------------
181 19.3 20.1 0.8 1.33
-------------------------------------------------------------
19.3 56.3 37.0 0.22
-------------------------------------------------------------
67.5 81.0 17.5 0.32
-------------------------------------------------------------
1001 0 102 102 No significant
results
-------------------------------------------------------------
Dynasty is pleased with the reported drill holes. The planned 2006 program at Hatu is designed to include approximately 10,000 m of RC drilling, with a goal of upgrading the resource at Qi-2 to measured and indicated. Additional work will continue throughout the Hatu property and other property opportunities will be pursued to expand Dynasty's gold resources.

Dynasty can earn up to 80% in the underlying Hatu project Sino joint-venture with Xinjiang Non-Ferrous Metals (Group) Co. Ltd. (XNF). The Hatu property includes approximately 1,000 square kilometres of exploration licenses and is accessible by paved highway, with dirt roads and power lines crossing the property. The Qi-2 deposit is hosted in carbonaceous volcaniclastic greenschist facies metasedimentary rocks in the footwall of the Anqi fault. Mineralization throughout the Hatu property classified as "orogenic". The gold exhibits strong relationships to regional arrays of major shear zones, being structurally controlled and occurring along major faults and oblique intersecting minor faults. Alteration includes carbonatization, sericitization, and some propylitic and potassic alteration. Major structures trend to the northeast and drill holes are oriented to cross-cut these structures and the mineralization.

Additional information on the Hatu project, as well as photographs and diagrams, can be found on Dynasty's website, www.dynastygoldcorp.com. A full review of 2005 exploration activities for all properties will be available in early 2006.

Quality Control

Dynasty follows best practice procedures for quality control in sampling and analysis of drill core and other litho-geochemical samples. Drill core is sampled in approximately one metre, half-core intervals and shipped in sealed bags directly to SGS-CSTC Standards Technical Services Ltd. facility in Tianjin for preparation and standard 50g fire assay for gold. Dynasty uses independent reference materials, sample duplicates and check samples to analyze laboratory quality. Brian McEwen, Professional Geologist, President and CEO of Dynasty Gold Corp., is the qualified person for the Hatu project, as defined under National Instrument 43-101.

Dynasty Gold Corp. is a Canadian based junior resource company focused on acquiring, exploring and developing gold projects in China.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

Brian R. McEwen, President & CEO

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Contact:
Dwayne Yaretz
Dynasty Gold Corp.
[phone] or Toll Free: 1-888-899-9669

Christine Norcross
Dynasty Gold Corp.
[phone] or Toll Free: 1-888-899-9669
[phone] (FAX)
www.dynastygoldcorp.com


--------------------------------------------------------------------------------
Source: Dynasty Gold Corp.

[andy] 16/1/2006 15:50

I seem to have chosen a good day to buy back in!

In profit already.

[holdontight] 16/1/2006 14:56

News is imminent, imo

[holdontight] 16/1/2006 14:46

Good volume as well, with US closed

[holdontight] 16/1/2006 14:46

Moving up again

[holdontight] 16/1/2006 14:03

Yes, but still happening far more slowly than it should be. My 150p is unambitious as should be taling 250p by now.

[zaky] 16/1/2006 13:01

indeed we do trader horne ... :-)

[trader horne] 16/1/2006 12:48

now at last the share price is playing catch-up. We long-time longs watch and gloat.

[holdontight] 16/1/2006 11:37

130p....hurrah.....now for 140 on way to 150 by end of Jan 06

[holdontight] 16/1/2006 11:05

Will Gold Average $618 in 2006?

By Lindsay Williams
13 Jan 2006 at 09:49 AM EST


JOHANNESBURG (Business Day) -- Gold is forecast to average $618 a troy ounce in 2006 - with a high of $760 an ounce, and a low of $520.75 - according to U.K.-based consultancy TheBullionDesk.com. Classic Business Day speaks to Ross Norman from TheBullionDesk.com about the prediction.

LINDSAY WILLIAMS: Ross, the numbers seem quite outstanding - it's absolutely fantastic from a South African point of view! Looking back to an interview I had with your colleague James Moore he was tentatively thinking that it could push through $500 an ounce only three or four months ago - why the sudden upgrade in your forecasts?



ROSS NORMAN: I can't speak for James's commentary or thinking, but I suppose that if you look at the long term view of gold in the last four years we've had a 23%, a 25%, a 5% and a 20% increase - that's considerable, and many of the factors that have driven gold higher over the last four years are likely to be in play in the year ahead. So we're actually only talking in percentage terms about an increase roughly in line with what we've seen in recent years - many of those factors both external to the gold market, and those internal to the gold market - the supply and demand fundamentals - will continue to be very supportive.

LINDSAY WILLIAMS: I'm no mathematician, but an average of $618 in 2006 when the price at the moment is only just below $550 an ounce means we're going to get a substantial spike in the very short term - do you see it being any day now?

ROSS NORMAN: No I don't. If the last few years again are anything to go by, it's typically in the second half of the year - the first half of the year being slower, the second half of the year being sharper that may also correspond with some of the seasonal buying that you see across the world, with Christmas buying in the West, Diwali, and other festivities for buying gold. Certainly we expect the majority of increases to be seen in the second half of 2006 rather than the first half.

LINDSAY WILLIAMS: Let's say now we keep on banging our head up against $550 - do you think we're going to go through there, and start going towards $600 and then get the big surge in the last part of the year?

ROSS NORMAN: Looking at the charts the big numbers like $550 and $600 are really only psychological numbers - from the charts perspective, and they're important, there isn't very much between here and $800 actually, and that's the high we saw back in 1980. You tend to find a little bit of resistance at the big numbers, because people that want to sell choose the big numbers to leave those orders on - so they only provide a bit of a hurdle. But from a technical perspective there isn't too much resistance from here, and northwards all the way up to $800.

LINDSAY WILLIAMS: Apart from the charts, the general momentum and bullish sentiment, is there any particular factor you think could make what some would say are outlandish predictions come true? Is it the supply side, the demand side - what's it going to be?

ROSS NORMAN: The news wires tend to focus on external factors such as the prospects of a weakening U.S. dollar, the prospects of inflation, the prospect of ongoing geopolitical tension around the world switching Iraq for Iran, the prospect that there will be fewer U.S. rate rises during the course of 2006, the prospect that the U.S. will continue on a sizeable trade deficit, avian flu, the non-performance of other competing assets. The list is almost endless, but perhaps one of the more compelling - and one of the main reasons for the current gold price strength - is the strong performance from the oil price. Clearly there's a good parallel between those two that goes back over 60 years.

Traditionally the ratio between the two is roughly 13 to 1. If the gold price were to be on par with that ratio, the gold price should actually be above $800 right now - so you could either say that the oil price is overpriced, or gold is underpriced. Not unusually you get a lag when you get sharp moves in say the oil price as we currently have - so part of our thinking is based on that as well.

But moving more specifically, and closer to home, global mine production is stagnating - South Africa saw a significant fall last month of 11% year on year, and global mine production is also in decline. On the demand side we're seeing something very unusual for the very first time - traditionally gold is extremely elastic, in other words you would traditionally see with gold price strength a tailing off in demand from certain key producers, and the gold market righting itself - gold is now more inelastic, in other words you're actually seeing gold price buying into price strength. I don't think that actually means we're in a price bubble at the moment, but I think the prospects of that in 2007 are real.

[holdontight] 16/1/2006 09:44

great start to the week

[kickstart] 16/1/2006 09:12

And off we go ! Still underperforming by a mile lets hope today is catch up time.

[brad1] 15/1/2006 13:04

The long term chart just looks great, At the top of nice rising channel, I just cant see it trading within this channel for long. I think 150p can be taken fairly quickly and it wont be long before were trading up to the low 200's. Looking forward to Avo bringing more mines to fruit in the future - then what is the company worth!

[yikyak] 14/1/2006 23:08

2001 article but an interesting read for a weekend.

'The target was a recent rally in the gold price caused by unrelenting rumors that the BoE was having trouble settling its gold obligations with physical gold'.