Avocet Mining Dividends - AVM

Avocet Mining Dividends - AVM

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Avocet Mining Plc AVM London Ordinary Share GB00BZBVR613 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 13.10 01:00:00
Close Price Low Price High Price Open Price Previous Close
13.10 13.10
more quote information »
Industry Sector

Avocet Mining AVM Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

edgein: 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.
colinvest: Time to follow the Rothschild philosophy "Buy when there's blood in the streets", and with the AVM price haemorrhaging daily, now 7.5p, it might be a good time to follow Rothschild ...!! Big percentage rises ahead as mining shares reverse the downtrend!
technofiend: I assume the flying share price is due to short sellers closing their positions?
bozzy_s: Just out of interest, with AVM running at a loss at these low gold prices, the share price absolutely battered, would their assets be of interest to a larger miner who could cover the hedge commitment - possibly at a profit - from their existing operations? One who could suspend the loss-making mining operations until market conditions improve, without going bust? Buy AVM's assets or perhaps bid for the whole company? Or would they wait to cherry pick assets from the administrators? In short, do you think there's any chance of shareholders making a profit from 7p?
hairballradical: Polaris, excellent post as it clarifies the vibe and of course the figures, so many thanks. I got out yesterday at a significant loss but now relieved. Gold may well recover but as you rightly point out, it's the commitment to repay the loan by year end that is so damaging. Share issue is not feasible as amount raised would super-dilute the share price but allow a limp towards the next loan or further issue or even a rise in POG. With production costs so high relative to POG, who would lend to the business further without sig collateral. From here POG expected to challenge $1125 and may well bottom at this, but how long will it take to recover. A look at the lack of anything happening in Japan over the last 15 years should give everyone a clue where the West is heading. No serious inflation and no serious depression is not volatile enough for gold to move in the short term. HBR
cascudi: may be it is a silly comparison but if we look the building construction market eg: taylor wimpley the share price in 2008 went down to 10p from 120p of 2007 due to the bank lending crise that made house price following done. I wish I had bought taylor wimpley in 2008 at 10p because now is at 80p and is goin up every day. gold market... not long time ago (few weeks ago) every invenstor company was saying to buy gold and now the same invenstor company are saying to sell. I am not a finance expert.. but i don`t trust anymore this invenstor company that they are manipulating the market with their buy/sell advice as they want
cascudi: I am not an expert but looking AVM share price and gold price along various few years (table below), It seems to me that today AVM share price is showing an over reaction of fear about gold price 1996 2000 2012 2013 AVM share price min (£/100) 135 12 236 15 gold price min (£) 222 186 1026 1051
polaris: Finally home after a few bottles of wine after the meeting/conference but i will try and put my thoughts down in a coherent way. 2013 Production 135k oz with cash costs of $1100 (let's take their worst case scenario) 8.25k oz per Q @$950 for the hedge easiest way to do calcs is to assume 100k oz at spot and 35k oz at $950. 35k oz at $950 is 35k x $150 per oz operating loss = $5.25m negative cashflow 100k oz at spot of $1650 = $55m operating cashflow Total operating cashflow for 2013 is approx $50m. From previous 2 years the total non-cash, exploration, administration costs come in at $35m and so EBITDA comes in around $15m 2014 onwards on production of 100k oz and gold price of $1600 and a cash cost of 135/100 x $1100 = $1485 (i see no reason not to assume that the cash costs will scale with loss in production as fixed costs are dominant) 2014-17 include 33k oz of hedge at $950 per oz resource is around 1.1m oz at end 2013 assuming a gold price in excess of $1400 giving an operating life of 11 years (this is a high estimate as the mineral resource is not the mineral reserve...) 33k oz at $950 is an operating loss of $17.655m 67k oz at $1485 is an operating profit of $7.705m that gives an operating negative cashflow of $10m before all the non-operating costs...if we assume the same as previous years then we are looking at -$45m per year for 4 years!! There are no 2 ways of looking at this - AVM is dead in the water unless gold goes to the moon or the hedge disappears. The only way the hedge can disappear is that there is a rights issue of the current liability of the hedge plus the time value of the contracts - that will probably be $130m. I am 3 sheets to the wind right now but this adds up to death of the company and repossession of the assets by MacQuarie. Current value of an AVM share in my opinion is 0p matching assets and resource to liabilities. A very sad day for all holders Regards, Paul
buywell2: buywell2 24 Jul'12 - 09:32 - 5351 of 5351 0 0 edit 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.
dixi: AVM share price was higher when gold was circa $375/oz. With gold where it is today we should all be raving millionaires. Funny how it never quite pans out (ha ha) in investors favour. Left AVM after the Tajik woes - seems they cannot change their spots after all!
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