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AVM Avocet Mining Plc

13.10
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avocet Mining Plc LSE:AVM London Ordinary Share GB00BZBVR613 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.10 11.40 14.80 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Avocet Mining Share Discussion Threads

Showing 16851 to 16874 of 17000 messages
Chat Pages: 680  679  678  677  676  675  674  673  672  671  670  669  Older
DateSubjectAuthorDiscuss
12/5/2016
11:14
Absolutely packing them away me, into that gap fill..

Has to be done. Bargain of the century these.

donald trumpton
12/5/2016
07:37
Hmm a 10 to 1 consolidation, not often a positive impact on the short term share price these consolidations that's for sure. But at least a lot fewer shares around if it gets passed.

Regards,
Ed.

edgein
10/5/2016
20:43
Could be a bargain on gold rising from 1180 double bottom..
edjge2
08/5/2016
08:31
Possibly Noirua but remember that AVM is now Elliott's toy, and if Elliot reckon it's in their best interests to repossess the assets, they will.

There is also the possibility that interest rates could rise quicker than the gold price, with obvious implications for making the repayments.

For the record I'm long out of AVM, and everything else too until a couple of months ago, but I keep an eye here for interest's sake.

doobydave
08/5/2016
00:06
AVM are obviously a gamble but the odds have moved sharply in favour of the companies survival. As the gold price increases the value of the whole of the Inata area rises, including Souma, as well as Tri-K.
Survival obviously depends on the ability to generate profits to service debts and repay them, however, the value of assets rising also reduces risk in the eyes of those providing loans.
This looks like becoming a quite long bull market in gold and Avocet may have quite a lot further to go. The massive increases in property prices may well be unsustainable and moves from property to gold should continue for a long time to come.
Large asset funds may well continue gradually to increase gold and gold share holdings and that could become a flood.

noirua
07/5/2016
19:32
Ashley RIP, those were the days! Gold 275$ thanks a billion Gordon Brown you boggle eyed prat!
a.fewbob
07/5/2016
07:31
I remember having a conversation with Ashley James when gold was under $300 per oz.
If someone could produce at say $50 per oz , then sure they would benefit if POG rose. But if you can find a marginal producer who's costs are say $299 per oz and they are valued accordingly. As gold rises , the share price should then rise disproportionately , assuming no debt etc etc. AVM obviously does not fit the bill.

bionicdog
06/5/2016
20:06
Should pog get above $1500 then everything will go up, doesn't matter what you pick. tbh i can't give any advice, except to say look at Chip's thread on goldies but you are already there from memory.

regards,

Paul

polaris
06/5/2016
18:42
Hi Paul
I'm looking for the best recovery play should POG go to $1500 and beyond.
Any views?
I can't seem to get past those wily canucks.

bionicdog
06/5/2016
11:01
edgein - where does the cash come from once the current reserve at Inata is depleted? They do not have the cash to develop Guinea and those assets are secured on the loans from Elliott, who own about 30% of the equity anyway, or at least they did when i sold out some years ago. I just dont see how they can produce enough cashflow to yield anything to holders.

regards,

Paul

polaris
06/5/2016
10:39
Paul,

Surely it pays to have a mix of high and low risk investments in any porty with it obviously being weighted towards the lower risk. Also would you not imagine that Inata should be rebooked as an asset since costs are now $925/oz and gold is at $1280/oz. Past losses and write downs were on very different economics. Is this not a high risk recovery play based on improving gold prices, a lot hangs on Guinea as the article points out, but the saving grace here could be the improving gold price. Not only to get a JDA for Guinea but also for the estimated 75-85000oz estimated production. If all things remain equal and AISC remains at $925 and they keep $355/oz margin then that $28.4m free cash flow over 12 months. Should gold go above $1500 and they keep control on costs then it would improve further. The guinea government need to be reminded that it was Ebola central until recently and not exactly the ideal time to carry out a due diligence or site visit. It would be a little harsh if they didn't extend the development period by at least 6 months. But that's the risk of dealing with Africans or Chinese, so not everyones cup of tea but not without some merits.

Regards,
Ed.

edgein
06/5/2016
10:17
Hi all,

AVM has been a basket case for years. It made me a lot of cash at one point in time and i was quite an activist investor here, holding some 125k at the height of my holding in the mid 200s.

The hedge destroyed this company and a whole raft of other problems then came along. I cannot see any way of the current debt being paid back, whatever the pog may reach. The negative equity says it all really. At some point Elliott will pull the plug, take the assets as they are secured against the loans and sell them on to another small miner. AVM will fold. This is one for the penny gamblers and not any serious investor.

regards,

Paul

polaris
06/5/2016
09:34
Bionicdog,

Yeah that pretty much sums it up.

Regards,
Ed.

edgein
05/5/2016
18:41
Interesting read.
bionicdog
05/5/2016
13:16
Oslo closed for Ascension Day holiday. So a bit boring here today I'm afraid!
nofool
05/5/2016
07:08
At 08:05hrs: 50 shares traded at 8.1p (-.45p) on a 15% spread of 8.1p-9.25p. Well I suppose it's got to start somewhere, just to get the show on the road!
colinvest
05/5/2016
07:04
At 08:03hrs: Another auction-delayed opening price today ..!
colinvest
03/5/2016
12:10
Those were the days. Bought at 19p , sold some at christ knows what and watched them fall to nothing. Still have a few in the drawer somewhere , might dig them out if they go much higher.
bionicdog
03/5/2016
11:23
squidd by name!

..no fool by nature.

nofool
03/5/2016
11:15
AVM pulling back hard in Norway right now. nofool Buying like crazy into the dip.

Join me..

nofool
03/5/2016
11:14
AVM peaked at 286p on Sept 9 2011, so today it's still over 96% down from there.
My Sharescope chart continues to scream BUY, and I will, on the dips, if I can dredge up some funds.

I don't just bottom-fish in the stock market: last summer, I was fishing with the small grand-children in Salcombe harbour, when we caught a small jet-black fish with no scales. I'd never seen anything like it, and neither had anybody else. So we were quickly surrounded by a crowd of eager youngsters admiring the catch. I got out the camera to record this for posterity, but before I could focus properly, it changed before our eyes into a speckled brown fish. It was a chameleon blenny.

squidd
03/5/2016
10:14
Looking good today and plenty more to come.Also take a look at GWMO, they have a massive Gold-Copper asset in the US, mkt cap Only £1mill and with over 700k in the bank.Well funded for drilling just about to start targeting high grade Gold-Copper epithermal plume.Could ten bag easily..
apfindley
03/5/2016
09:59
I'm starting to Buy again in Norway.
nofool
03/5/2016
08:47
Next retrace, I'm loading up with some more. AVM is now worth the risk don't you think?
nofool
Chat Pages: 680  679  678  677  676  675  674  673  672  671  670  669  Older

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