ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

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 16951 to 16974 of 17000 messages
Chat Pages: 680  679  678  677  676  675  674  673  672  671  670  669  Older
DateSubjectAuthorDiscuss
18/12/2017
14:31
It's curtains for Avocet. Today's announcement is the best deal they can get. Their only trading asset Inata being sold to reduce debt and Elliot still owed $28.7M. Tri-K not worth much valued by JV at $4m or so. The important part of the RNS is this...

As the Sale involves the disposal of the only trading subsidiary of the Avocet Group, a possible impact of the disposal could be that the remainder of the Avocet Group is broken up further in an orderly manner and eventually wound up. If this occurs, it is possible that, given the amount of debt owed by Avocet, there will be very minimal or no returns to Avocet's shareholders.

loglorry1
09/9/2017
08:20
HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

happyholder123
04/9/2017
08:07
Mug punters that bought into the same olde same olde story about this POS

Are being mugged again

Chart says 20p coming soon ... North Korea temp respite perhaps

DEBT is the problem for shareholders here ... they could lose out bigtime

dyor



buywell3 - 06 Aug 2015 - 10:57:29 - 319 of 360 Avocet Mining With Charts & News - AVM
Well he did try to tell you

But not many listened because GOLD bugs are deaf as well as being daft

The bull AVM thread/s prove it over and over again

As POG sinks slowly into the sunset , so will this little birdy , Mkt Cap just over £6m

Presumably Elliott will buy them for a £1 at some point around xmas or early next year

And the assets get re-listed in about 5 years or so time but with a more GOLD sounding name

buywell3
04/9/2017
08:01
POG is in the hands of the BIG US banks

They determine where it will go and when

buywell3
18/8/2017
11:23
Yes we will be marching all the way to 100p again.

Just like last time.

marc antony
18/8/2017
11:14
Gold rising :) it has to be good for our baby.


100p should not be discounted.

Geopolitics troubles with Kim and El President sorting things out, is scaring the market.


Where to keep your money safe in troubling times? Gold, Japs yen and Swiss Francs


L&L

locked and loaded
18/8/2017
11:12
Biutifull

L&L

locked and loaded
18/8/2017
10:20
Baby is waking up :)


Good luck all

L&L

locked and loaded
12/6/2017
19:27
WOW it's back trading? At last!
tallrugbyguy
27/5/2017
10:53
Has this gone bust?
shaf200
21/5/2017
12:44
Haven't been around here for months. I see that AVM is now suspended. If it ever does come back i would expect it to require cash injection and any current shareholders to be diluted to effectively zero.

This is a far cry from the heady days of the early 2000s where this company made me a 6-figure profit, i held over 120k shares and was a bit of a PI activist. I remember berating the then CEO Jonathan Henry in the phone and by email on not settling the hedge when they bought Inata and gold was sub $1000, how the hedge then slowly destroyed AVM (getting the name of the "Henry hedge" along the way) and made me sell up in the 220-240 area (in old money!) as i thought it was an accident waiting to happen. Little did i think at that stage that AVM would implode in quite the way it did. I made it a policy back then not to short shares - shame as it would have been a 1-way ticket to glory.

I think that this one will be quietly put to bed, the assets recycled and it come back under some other name in the future. Good luck to anyone who remains stuck with shares here.

regards,

Paul

polaris
06/2/2017
13:47
POG rising nicely!


have followed Avocet for years, still a serial disappointer I see!!!

Polaris is correct, check out all the issues before jumping to conclusions about profits.

estoico
06/1/2017
09:31
You might want to take into account debt payments, the recent unrest and strikes and the short life of mine before jumping to conclusions on any p/e calculations. AVM still way into negative equity. Needs a huge increase in pog to remain long term viable. It could make you a decent short term return as a speculative punt.

Regards,

Paul

polaris
05/1/2017
22:26
Basic investment case

Mcap at 62p is £12.9 million

production 84,000 ounces a year
resource 7.4 million ounces in various categories.
all in sustaining cost $1050

84,000*1050=$88,200,000 just to break even.
84,000*1100=$92,400,000 profit of $4.2 million
84,000*1150=$96,600,000 profit of $8.4 million
84,000*1180=$99,120,000 profit of $10.9 million.
84,000*1200=$100,800,000 profit of $12.6 million.
84,000*1250=$105,000,000 profit of $16.8 million.

so at todays gold price we should be throwing off nearly 11 mill profit while capped at £13 mil with no value for the resources already proven.
put that on any sort of p/e of 2 or 3 and you get a MCAP of £39 million or £1.80 a share.

at $1250 gold which is achievable this quarter the target shareprice is nearer £2.35 based just on profit.

scyther
05/1/2017
14:05
also ubs investment bank has increased to over 10%
thats another positive in this gold price environment.

scyther
05/1/2017
13:22
just bought in although paid 10% more while I checked what the actual MCAP here was as their own website was saying £134 million
high costs here but with nearly 80k ounces production every $10 increase in spot gold adds 780k to profit and on a MCAP of just £13 million its very material.

thats really the rationale behind the investment.

I remember Eric sprott from sprott asset management saying years ago that the biggest movers amongst the producers are those with the highest costs per ounce as they experience the biggest jumps in profit with a rising spot price.

yes there is debt here but so is AAZ and thats capped at double AVM with similar levels of debt and no where near the level of production.

the fact that we are now un-hedged should act as rocket fuel as evidenced by todays rise and thats just the start.
with gold over $1200 soon our profit margins pretty much doubles.

scyther
05/1/2017
12:59
Every $10 on spot gold adds 700-800k to profit. Capped at £13 mill makes for a good play on rising gold prices.
scyther
22/12/2016
12:26
Surprised no comments on the sale of 40% of the Tri-K assets for $4m to Managem. They will get it through BFS and will then end up with either 60% or 70% of the interest...AVM assets effectively being sold off here and these are the only ones worth anything going forward. If AVM make it through 2017 i will be amazed, assuming pog stays at current levels.

regards,

Paul

polaris
28/11/2016
11:10
Out at 55.45P.
pixi
25/11/2016
14:42
Oh yeah nice RNS, watch this rise and the shorts get roasted.
sh1984
24/11/2016
16:24
Worth a wee punt on positive horsetrading to resolve difficulties: 7000 at 49.75p.
pixi
23/11/2016
08:32
Mixed news in today's RNS, good news on the court case outcome jut needs the gold releasing and an agreement between the two parties and the mine can re-open. Great buying opportunity now
sh1984
10/11/2016
09:43
Why is this dog languishing
shaf200
08/11/2016
13:52
Gold will boost it when that arrives.
edjge2
Chat Pages: 680  679  678  677  676  675  674  673  672  671  670  669  Older

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com