Avocet Mining Share Discussion Threads

[richgit] 16/6/2004 09:00

Employee benefit trust buys 250,000 shares @69p
Chairman buys 50,000
North Lanut on budget and on target for estimated well beyond 50,000 ozPA

Upgrades
Surprises

Majors sniffing around.
Gold at $450oz by December(Who knows)

And people want to sell?

Biswell and others wants to buy your loss.

[biswell] 16/6/2004 08:04

Have a box of tissues ready.

This link was prepared for consumption on Jim P's site which is a mega POG pushing site and ramps gold like Jim S's site does.

His inflation views, and those of his paid underlings like this Jim W. can be used by the astute investor,that's me, to see the truth and thus what will be the real rate rise picture when it starts. Your average Yank ain't got a clue.



B

[mieke] 16/6/2004 07:55

Thanks Taylor - I wonder how much in cash that translates as? Ties up all the tungsten stuff good and proper.

Well if the pattern repeats itself today should be fairly neutral price wise, with rises from then on. Certainly POG is supportive.

[taylor20] 16/6/2004 07:48

Hope this is the right thread for posting news about Avocet...

From:

Tiberon agrees to acquire controlling interest in Panasqueira tungsten mine from Avocet

TORONTO, Jun 15, 2004 (Canada NewsWire via COMTEX) -- Tiberon Minerals Ltd. (TBR:TSX) today announced that it has entered into an Agreement with Avocet Mining PLC ("Avocet") under which Tiberon will purchase 3,379,342 common shares of Primary Metals Inc. ("Primary") held by Avocet. The Avocet shareholding represents a 49.09% interest in Primary, of which a total of 2,394,272 shares are subject to an escrow agreement. The purchase price will be satisfied by the issuance of 381,740 common shares of Tiberon. Tiberon will also make a concurrent acquisition, for the payment of US $200,000, of an outstanding convertible loan in the principal amount of US $412,000 made by Avocet to a subsidiary of Primary and an outstanding loan in the principal amount of US $50,000 made to Primary for face value. In addition, for the sum of US $200,000 Tiberon will also obtain a six month option to purchase for US $200,000 an outstanding 2.14 mm Euro loan payable by Beralt Tin & Wolfram (Portugal) S.A. ("Beralt") to Avocet. Beralt is a wholly owned subsidiary of Primary and the owner and operator of the Panasqueira tungsten mine in Portugal.

Completion of the transaction, which is scheduled for July 28, is subject to a number of conditions, including but not limited to, completion of successful due diligence, execution of a definitive agreement and acceptance by the TSX Venture Exchange. There can be no assurance that the transaction will be completed as proposed.

Primary Metals is listed on the TSX Venture Exchange under the symbol "PMI". Panasqueira has a long history of production of high quality wolfram concentrates and is a dominant producer of tungsten concentrates outside of China. Recently, Primary announced that Beralt had signed a favourable long-term contract for the sale of all its tungsten concentrate production. The price of tungsten has been rising steadily in recent months, and the new contract will have a positive impact on the potential for the continued operation of the mine in the longer term. Higher tungsten prices will result in a significant revenue increase for Primary while the introduction of new equipment is expected to further improve operations, increase production and generate positive cash flows and positive earnings.

The average quotation for ammonium paratungstate, which is used as a basis to derive concentrate prices, has increased by more than 35 per cent over the past four months to a range is of US$88 to US$91 per metric tonne unit and prices of other tungsten products are also increasing.

"We are delighted to be acquiring a controlling interest in Panasqueira," said Mario Caron, Tiberon Minerals President and CEO. "Tiberon looks forward to playing an active role in the operation of the mine, and to benefiting from the expertise of the highly respected management at Primary Metals and Beralt as Tiberon develops its Nui Phao tungsten-fluorspar deposit. In addition, Tiberon will benefit from Beralt's long established relationships with the world's major tungsten consumers and its history of negotiating offtake agreements with many of these consumers."

"Tiberon views this acquisition as complementary to its development plans for the Nui Phao tungsten-fluorspar deposit. It is anticipated that when in production in 2006, Nui Phao will be the dominant producer of tungsten concentrate at a time of growing demand for this strategic metal. Nui Phao will also be one of the world's largest producers of high-value acid grade fluorspar and bismuth," concluded Mr. Caron.

Forward-Looking Statements. This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Tiberon, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Tiberon's expectations are disclosed under the heading "Risk Factors" and elsewhere in Tiberon documents filed from time-to-time with the Toronto Stock Exchange and other regulatory authorities.

%SEDAR: 00005784E

VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION:


For further information: Mr. Mario Caron, P. Eng., President & CEO,
Tiberon Minerals Ltd., 505, 330 Bay Street, Toronto, ON M5H 2S8, Phone:
[phone], Fax: [phone]; Mr. Kevin Flaherty, Executive
Vice-President & CFO, Tiberon Minerals Ltd., Phone: [phone], Fax:
[phone], E-mail: info(at)tiberon.com, Website: www.tiberon.com



News release via Canada NewsWire, Toronto 416-863-9350


Copyright (C) 2004 CNW, All rights reserved

[shirishg] 16/6/2004 01:55

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[the knowing] 15/6/2004 23:15

LOL that explains it.

2 + 2 =7

[shirishg] 15/6/2004 23:13

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[the knowing] 15/6/2004 23:10

BB why the difference in the ADVFN macd compared to BC ?

[shirishg] 15/6/2004 23:10

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[mieke] 15/6/2004 22:58

Judging by those desperate deficit figures yesterday the last thing the US needs is a strengthening $. I am very pleased to have had a second gold plated buying opportunity (as defined by a fall in the ever relaible slow stochaistics) before the results. There might just be a third one.

I am surprised that given the bid rumours swirling around OXS that similar talk is not yet raising its head around AVM. Confirmation in the finals that a) resources continue to expand and b) a third mine in yet another country is coming on line within 3 months should surely stimulate interest from SA miners stuck in the Rand/gold nightmare....

[the knowing] 15/6/2004 22:45

Evening BB hope your prospering ;-)

[shirishg] 15/6/2004 22:43

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[shirishg] 15/6/2004 22:43

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[the knowing] 15/6/2004 22:32

biswell if you aint short of JRVS from 3.60 the you longed the DOW at 7500 or the FTSE from 3500 !!

Give it a rest superhero !

[biswell] 15/6/2004 19:03

64 Bit
AVM still slip liding away,a nice little ditty.

June 15 (Bloomberg) -- Gold futures in New York had their biggest gain in two weeks as an increase in some U.S. consumer prices matched economists' forecasts, easing concern the Federal Reserve may quicken its pace of interest-rate increases.

What a load of tosh, who pays these idiots to write such sh@te
B

[64bit] 15/6/2004 17:39

just a quick retort before i head off to bed,
firstly, u should stick to the djia if u want to be short the market...
secondly, french sells will be absorbed, easily, and their selling is nothing to do with pog, it's about their near bankrupt socialist old fashioned government being absolutely skint... and their reliance on the ecb for their required reserves...
if the ecb were more 'fair' about what constitutes real reserves, that move would be bordering on illegal.
hehee' like your analyst comment above, was he the same guy who told u to buy baltimore, telewest, bookham, enterprise asia, medi@invest, just group, new media spark and all those other little companies..? ...thanks for that, those were the days my friend...
keep up the good work bis', i want your money..
and when i take your money bis' - u can be sure i won't be flying it home with $20 lsc...
while i'm asleep the only thing bothering me tonight will be the noisy yet-to-be-fixed aircon unit that hangs outside my window, i won't be worrying that pog closed above $385 (ooo'er my very own little prediction) :))

[biswell] 15/6/2004 16:42

It ain't just the frogs as will be selling, when the penny drops with lots of other countries that the longer they delay selling the more it's costing them, they will be all at it together.

Result 100's of Tonnes being thrown at a falling gold market.

What do you think will happen then as supply exceeds demand, by 100's of tonnes?

I remember reading about a year ago a report by some UK analyst saying the real price of gold should be around $280 or so, I thought at the time the guys daft, if he came out with the same report now I would not say that in a year or so that could come to pass.

Don't start slagging me off, I'm not saying POG $280 next year.
(Well not yet anyway)
B

[biswell] 15/6/2004 16:31

Well look how many of you come crawling out of the woodwork, when POG does a glorious dying, death defying, last show of proud defiance in the face of the inevitable $ strength to come.

These idiots that have just burnt their money on the CPI news, have not thought it through.

All it means now is that the rate rise in 2 weeks time will be either 0.25% or 0.5%.

Do not delude yourselves, when after 4 years the rise is actually announced, investors will sell, and the markets will reel, a major retracement is coming, only some folks just can't see the wood for the trees.
B

[richgit] 15/6/2004 16:29

Now the commentators are settling for a quarter%.All eyes on Greenspin to guess
whether two blinks means a half %
.....................................

He didnt blink,will he confound everyone and do nothing?

Will the French repeat the news for the fiftieth time that the moorons
are selling their only collatoral.

[jeddah jo] 15/6/2004 15:40

Blammo!!! Look at the Dow go. Talk about twitching sphincters, can just see Bis's mouse hovering over the 'buy back at a higher price' button now.

[thenry] 15/6/2004 14:54

lol w!
biswell AVM has dropped off from 67p down to 57p so what? i doubt u have been short from 79p.
as for presuming others trading strategies bit cheeky of u. ur dow short not looking too hot right now. bet u will have a good news story as to how u outwitted the markets there as well. fantasy trader comes to mind ;-)

[64bit] 15/6/2004 14:47

and why do we like the new cpi numbers...?
coz they show the market that greenspan ain't as ahead of the curve as the market has been thinking... how great yesterday and todays' action is...
i have no qualms whatsoever about declaring i have bought today. :)

[jeddah jo] 15/6/2004 14:09

Gold shooting up on largest US inflation increase since 2001.

Negative real interest rates still prevail despite never, ever being mentioned in the popular financial media, and we still have to listen to the utlimate BB Muppet, Mr B Iswell...

Sometimes my stoicism amazes even me.
Sigh...