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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Avocet Mining Plc | AVM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 13.10 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.10 | 13.10 |
| Top Posts |
|---|
Posted at 20/3/2018 14:47 by buywell3 buywell34 Sep '17 - 08:07 - 360 of 365 Edit 0 0 0 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 |
Posted at 04/9/2017 08:07 by buywell3 Mug punters that bought into the same olde same olde story about this POSAre 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 |
Posted at 21/5/2017 12:44 by polaris 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 |
Posted at 06/1/2017 09:31 by polaris 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 |
Posted at 05/1/2017 13:22 by scyther just bought in although paid 10% more while I checked what the actual MCAP here was as their own website was saying £134 millionhigh 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. |
Posted at 22/12/2016 12:26 by polaris 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 |
Posted at 27/10/2016 11:54 by polaris This has been a valueless share for a long time now. It might make a few spikes here and there on random news but the plain facts are that the company sits well into negative equity, Inata does not have a long life-of-mine and all the Tri-K assets are collateral on a loan from Elliott. If anything comes of them i expect the loan to be called in, AVM to declare bankruptcy and Elliott to take the only part of the assets that might have a future. I suspect that this will become a single figure penny share again at some point in the next 12 months.regards, Paul |
Posted at 20/7/2016 11:36 by blue sky territory There we go! Now, AVM is in the "looking very tasty" zone.Let's hope the overall uptrend holds though. |
Posted at 20/7/2016 10:21 by blue sky territory I'm with you in that view Don, and am loading up some AVM at the moment..We are in the Buying zone again after all. |
Posted at 06/7/2016 16:44 by loglorry1 Avocet (AVM) Cashflow from ops was $7.3m last year. They paid $6.3m interest and $3m tax so -$2m loss. Gold price up $1167->$1366So on 80Koz of production could make $22m Cash flow after tax/interest but debts $63m and mine life ending in approx 1 year. Where is value in equity? |
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