Avocet Mining Share Discussion Threads

[buywell2] 27/7/2012 13:47

IC make some big clangers

I have noticed other GOLD mining shares also not moving up in the GOLD lift today

Makes you wonder what is in prospect next don't it

polaris put together a decent scribe on the interims he has nuked AVM several times since he sold

one would expect the company to want to get rid of the bad news ASAP

So whilst the numbers won't make for pretty reading

The OUTLOOK

Should be quite dire ... if factually written

If it is not then the next sell off will be MASSIVE AGAIN cometh the finals

[giant steps] 27/7/2012 13:06

Facetious indeed, and you know my comment was tongue-in-cheek !

Will results next week be another nail in the coffin ?

Note IC this week from tip bits say "Avocet Mining – No more than a Hold"

[buywell2] 27/7/2012 11:34

I was being facetious in last post as I am sure you know GS

I think that GOLD is doing a last ditch push with the olde longs for the most part doing the pushing as the $USD index shows weakness .... to break above the trading wedge it has been constrained in.

It is almost there at current level

My contrarian nature smells trouble ... I feel that the olde longs might decide to bail in the rally and become switch hitters catching the new longs money in the process.

That AVM has NOT shown any strength should start to sound ALARM bells in AVM stock holders lugholes

If GOLD reverses the share could dive again towards 50p as I have stated ... GOLD to under $1500 should do the trick what with production cost increases / Hedge costs / and reduced production ounces.

Chartwise

This is how the AVM story has been playing out

With sharper drops as the bad news comes out

Maybe the interims or a GOLD price drop or both will cause the next red line



TA


RSI indicates the share could now soon trend back lower

[ukgeorge] 27/7/2012 09:30

onwards charge!!!!

[giant steps] 27/7/2012 09:16

AJ, what is the chart telling you today ? pivotal ?

[buywell2] 26/7/2012 14:27

Massive bounce back today

9pm tonight

[2magpies] 26/7/2012 10:15

Yeah, but, more to the point, what's gold done to G4S??

And when will the Bollinger Bands strike up??

[buywell2] 26/7/2012 09:18

No ... nobody turned up


GOLD lift has done little for AVM

It will do more soon when it falls back to $1450

[2magpies] 25/7/2012 08:33

What? Locked in? By G4S??

[buywell2] 25/7/2012 08:20

Like I stated some days ago ... Institutional Investors will have lost faith with the AVM BOD

It will not be easy to attract new ones .... and it is too late for those still holding to get their money back .... they are LOCKED IN


24 July 2012

Standard Life plc

As required by Listing Rule 9.6.14, Standard Life plc ('the Company') announces that it received notification today from Noel Harwerth, a non-executive director of the Company, that she was appointed a non-executive director of Avocet Mining PLC on 14 June 2012.

[ukgeorge] 24/7/2012 09:46

macd gone postive.

[buywell2] 24/7/2012 09:32

Technically AVM has a problem

There has been a MASSIVE sell off .... which can then be followed by a bounce if the sell off gets overdone

AVM tried to bounce but didn't make it

Why ? because of 5 reasons

1. The CEO and BOD had lost all credibility so new buyers were wary

2. GOLD has stopped going higher & the Hedge

3. Avocet have lost control of production costs

4. The adverse publicity surrounding Africa and Mali troubles/refugees

5. The lawsuit against Avocet of $ 1 BILLION that still remains

6. The AVM ex WEGA Director selling 47m of shares at 200p in March 2012 stinks


Bad PR for the company indeedy .... and just about everyone is now aware of the trouble that Avocet are in as the spotlight well and truly fell upon them.

But the TA has also become poor as the time lapse caused by the above becoming general public knowledge (not everyone looks through company reports in detail every time they come out)

So now from the above chart in the header we can see that some of the moving averages have caught up with the CURRENT share price ie the 8day and 16 day others are not far away now and since GOLD is locked in an ever tightening trading range the prospect of AVM bouncing is diminishing.

If GOLD continues to weaken .... and as the Euro drops V the $USD this looks a given for the time being

Thus the other moving averages will catch up witht the share price and what appeared to be 'OVERSOLD' will not be so any more.

[a.fewbob] 23/7/2012 19:22

Yes, very.

[buywell2] 23/7/2012 13:42

''Avocet inherited the hedge book when it bought Wega Mining ASA for 53 million pounds ($83 million) in 2009, gaining control of the Inata gold mine in Burkina Faso. The company's hedge lasts until June 2018 with gold sold at $950 an ounce.''

This was Brett Richards ... he bought WEGA

Then the WEGA guy became a AVM BOD member ... sold his AVM shares for 200p in March 2012 for 47million .... just before the share price tanked

Sound fishy ?

[bushtuckaman] 23/7/2012 13:32

Can anyone confirm whether any of these boys are involved with this 'Burkina Fiasco'??

[buywell2] 23/7/2012 09:59

That's OK steve ... I recommend you learn about charting and TA analysis it is quite easy to grasp the basics in a few days

This is a good link to start with









AVM

Re the Hedge situation ..... and remember AVM costs are circa now $1050 or more per ounce




Email:

"Angela Parr [e-mail]
16 Jul (4 days ago)

to me
Hi Alan

My apologies for the delay in responding to your email. Our hedge is at a price of US$950 per ounce. The total hedge is currently for 198,000 ounces and we deliver into the hedge at a rate of 33,000 ounces per year or 8,250 ounces per quarter.

Please do contact me if you have any further queries.

Kind regards

Angela"

[uxb_steve] 20/7/2012 21:18

Hi Buywell2- thanks for taking the time to explain.

[2magpies] 20/7/2012 20:36

What?

G4S at 50p??

Surely it will be more a 'goner' than a 'goer'??

Thing is -- what will G4S's AU output be by then?

[2magpies] 20/7/2012 20:32

If G4S let them in, will the Bollinger Bands be playing at the Olympics??

That should help G4S's AU output, surely?

[buywell2] 20/7/2012 15:44

I suggest you look at how several stocks have moved within their bollinger bands over a period of time .... to acquaint yourself with their usage .... I use them with other TA ..... when they tighten it quite often means a bigish move can occur



Interpretation

The use of Bollinger Bands varies widely among traders. Some traders buy when price touches the lower Bollinger Band and exit when price touches the moving average in the center of the bands. Other traders buy when price breaks above the upper Bollinger Band or sell when price falls below the lower Bollinger Band.[3] Moreover, the use of Bollinger Bands is not confined to stock traders; options traders, most notably implied volatility traders, often sell options when Bollinger Bands are historically far apart or buy options when the Bollinger Bands are historically close together, in both instances, expecting volatility to revert back towards the average historical volatility level for the stock.

When the bands lie close together a period of low volatility in stock price is indicated. When they are far apart a period of high volatility in price is indicated. When the bands have only a slight slope and lie approximately parallel for an extended time the price of a stock will be found to oscillate up and down between the bands as though in a channel.

Traders are often inclined to use Bollinger Bands with other indicators to see if there is confirmation. In particular, the use of an oscillator like Bollinger Bands will often be coupled with a non-oscillator indicator like chart patterns or a trendline; if these indicators confirm the recommendation of the Bollinger Bands, the trader will have greater evidence that what the bands forecast is correct.




uxb_steve 20 Jul'12 - 15:36 - 5342 of 5343

Hi Buywell2 - looks impressive - but for the ignorant ( i.e. me) - what would this structure indicate for future share price movement?

[uxb_steve] 20/7/2012 15:36

Hi Buywell2 - looks impressive - but for the ignorant ( i.e. me) - what would this structure indicate for future share price movement?

[pineapple1] 20/7/2012 15:10

yeah thats a biggie for sure