Avocet Mining Share Discussion Threads

[richgit] 03/3/2006 10:13

richgit - 14 Feb'06 - 23:05 - 2036 of 2104

Investors moaned about Avocet at 13p-20p-30p-40p-50p-60p-70p-80-90-£1.00

For a stock so moaned about it has done quite well-considering.

The one thing so many overlook is as- Management have proven-This Company is not for standing still.Love or loathe the part hedge,it creates a Bankers dream
and with such huge guaranteed cash flow the Management can pick off whatever deals they consider to be right.


If gold gets to $700oz I dont think I will be worrying too much how much we
wont be making at $1000oz because this Company wont still be valued at a mere
£135 Million.Plus by the time that happens I would reckon the Company will be
at or on the verge of adding even more Gold production and thus more to the unhedged positions.

..............................................
Our exploration portfolio has grown rapidly. With recent results at Bakan and
Pusian in Indonesia, and further surface work at a number of other projects, we
have a diversified pipeline of projects to bring into future production.
Meanwhile, a number of excellent acquisition opportunities have been brought to
our attention as a result of our reputation as a company that delivers on our
promises for both our shareholders and industry partners.
..................................................


Huge room for surprises on top of what is already being overlooked,and I think their stake in Dynasty is a typically astute deal.
I certainly believe this Management will create a £500 Million Cap Company so some good gains to be made over time in a stock that you can actually shift
large sums of Money.

[yikyak] 03/3/2006 10:11

Snippet from article:

'The bis specifically accused the Bank of England's inflation policies for being responsible for Britain's record household debt levels, saying that by "pushing interest rates so low [the Bank of England] has encouraged the public to take on more debt" and has created dangerous imbalances'


World's Biggest Bank Calls for Economic Overhaul
Thursday, March 2, 2006

The International Bank of Settlements is calling for a new global financial system to fix the world's debt problems.

The world's economic and monetary system is broken. Granted, this is not new news for regular Trumpet readers. What is new is that, in an abrupt change of stance, one of the world's top banking authorities, the Bank for International Settlements (bis), now warns of a dangerously unbalanced world economy and is calling for an "overhaul of the current global economic system" (Telegraph, February 20).....................

[yikyak] 03/3/2006 09:53

Top bank offers dollar-denominated paper gold

www.chinaview.cn 2006-03-03 10:49:54

BEIJING, March 3 -- Bank of China, the country's top foreign exchange lender, will allow depositors to buy and sell gold products with their U.S. dollar accounts as part of a new service to retain wealthy clients, a bank official said Wednesday............

[kickstart] 03/3/2006 09:49

Looks like we are up and running at last.

[brad1] 03/3/2006 09:46

who saod this was a boring share!!

[yikyak] 03/3/2006 09:29

Never seen the words Numis and useful together, weird.

[wolstencroft] 03/3/2006 09:21

I invested some time back when they were out of favour - I think the website has some Numis notes which are reasonabbly useful. Of course a big plus is the proven management.

[brad1] 03/3/2006 09:13

has anyone any decent info for Cluff mining - the chart is looking great for entry point.

[wolstencroft] 03/3/2006 09:08

kojak; I think that the question was about the Irish Minco (MIO.L), not the Canadian.

Minco (Ireland) will, IMHO be like Kenmare - plodding along for ages but when the project comes togegther it will double, which probably be within the next 12 months. Last night many silver stocks on Toronto were up 15% and this morning nothing on Minco - the problem like AVM is there is just not enough volume to make a liquid market and both stocks are off the radar from lots of investors - OXS have fallen out with both govt's where they mine and POG are way way overvalued but retail and institutional investors seem to prefer those stocks. Likewise Silver Wheaton for Silver.

[brad1] 03/3/2006 08:35

got to challenge high now!

[budevenwiser] 03/3/2006 08:16

now all we need is a TSX listing alongside Dynasty

[goml] 03/3/2006 07:35

OK, well I like the agreement published today. Avocet are clearly agressively building up their interests worldwide. If there is a better gold play out there all round from a return and risk perspective I'm a dutchmans uncle. Speaking of which, how is my nephew Mr Kojak?

[corrientes] 03/3/2006 07:23

Holdontight - Why your post 2037 then ?

[saucepan] 03/3/2006 07:13

"AVOCET AGREES EARN-IN ON CHINESE GOLD PROJECT":

A memorandum of understanding with Dynasty to earn up to a 36% of Dynasty's interests in Xinjiang Province in China.



A very pleasing development. Coupled with the recent strength of gold, let's hope it is significantly onwards and upwards from here.

[trader horne] 02/3/2006 20:35

I meant 350% so far - and still grossly undervalued as we all know.
Incidentally the price of Tungsten has rocketed...

[holdontightuk] 02/3/2006 13:32

350% is great, but it should be more....that's why peeps are frustrated and disappointed. This is a once in a lifetime gold bull market and AVM is a laggard. Additionally, the share price remains below flotation price, even if it was back then a Tungsten miner.....makes one wonder what the share price would be if had remained a Tungsten miner!

[zaky] 02/3/2006 09:11

just thought it'd be somewhere near the £2 that people were calling a couple of years ago

[trader horne] 01/3/2006 22:03

you're very jaded calling a 350% profit boring !

[zaky] 01/3/2006 14:30

Not sure I want any country with nuclear weapons....don't see why Iran is singled out, anyway I've been in AVM for 3 years and I'm bored but holding...

[kojak78] 01/3/2006 08:32

IMHO no price riser imminent, Jeff Kern's SKI index signals still have not yielded the bottom signal by hitting the 35-39 day index. The gold stocks have avoided a possible crash in February and maximum downside is now ca. 5%. The 35-39 index is rising in mid March to levels above current prices and then declining again. So I hope prices go sideways from here so that they hit the index, a quick rise and then a fall back to current levels at end March would avoid the signal.

M3 figures will disappear in March and Iran is rumoured to test the first nuclear device underground at 20th March according to debka (a lot of false information, but they published the Iraq election results days before the official results came out).

I see the recent dollar strength as managed because policy makers realize the US$ will drop much lower once hostilities with Iran begin.

You can be a friend or enemy of Bush's policies, but one thing we all don't want for sure is Iran with nuclear weapons. This will be prevented at all costs.

[holdontight] 28/2/2006 20:20

Maybe, but potential is now limited far more than prior!

I hav enow invested in :

MCR, Mercator
OXS, Oxus
GRZ, Gold Reserves Inc (AMEX)

I continue to look at others and will confirm when actioned.

[brad1] 28/2/2006 20:07

if there is further rise in gold price this has to challenge recent high.

[kojak78] 27/2/2006 14:25

I wouldn't buy Minco, don't understand exploration companies. Fuwan may have 130 mio oz silver, but only inferred resource.

Let's say they would already produce at Fuwan.. let's say 1:60 gold silver ratio and inferred resources = 2*measured+ind.=2*proven and probable reserves, that would translate into ca. .5 mio oz gold and US$75 mio market cap at a very sound valuation.

In the exploration business numbers don't matter that much, you have to know the assets, the people etc., I think China could be a very dangerous mining country. Lots of joint ventures go bust with the Chinese partners leaving with patents e.g.

At least the numbers and valuation levels look right on the surface.

[davebowler] 27/2/2006 13:50

Hi, Kojak.I,too would be interested in your views on Minco.

[pecker1] 27/2/2006 11:34

kojak,

True, but I would rather AVM had financed the exploration of Red Valley and Wild Horse - both huge areas with multiple gold occurrences. Presumably, Dynasty would have offered them first to AVM to finance, who must have said they had their hands full with Hatu. Disappointing really, and doubly disappointing if Dynasty offered these properties to Anglo without asking AVM. Not much point in a foothold unless you take a few more steps.