Avocet Mining Share Discussion Threads

[wdurham] 05/3/2006 20:16

HOT - "I hold TMG, who they were spun off from"

Why do you think Eurasia Mining were spun off from TMG?

Re: Avocet, I believe they have done extremely well in the last 3 years and simply don't understand why folk whinge about them. They are good, sound (if exceedingly boring!) management with a portfolio of excellent projects, some of which are only partially realised. Then the new opportunity at Hatu could reap excellent rewards in the medium term, from the point of view of added value via resource development plus the not insignificant shareholding in Dynasty.

Yes, it is possible to do 500% in a week or a month, or even 3 months. But many of the stocks that perform in that manner are hype-ridden rubbish, which are promoted to hell and back initially, just to get their promoters their profits safely stashed away. Others are stocks which are right at the beginning of their euphoria/hope/boredom cycle, and they are unlikely to hold their gains once the boredom factor sets in.

A stock like Avocet is for tucking away. After all, the majors all started somewhere....

[taylor20] 05/3/2006 19:28

Getting pestered by GsEquity last week (how the f'k do these people get your phone number?), checked out their website and they are bullish on AVM so can't be all bad:



03.03.2006 - Chart BUY Signal for Avocet
It was only in October that we suggested that AVOCET MINING ( AVM ) was our favoured growth stock in the gold mining sector. Since then they have climbed steadily from 97p to 145p and, having at last breached the 140p resistance level, the way is now clear for them to sail up past 170p. Today's chart breakout has been prompted by news that the company is farming in to Dynasty Gold's vast goldbearing acreage ( 1,000 sq. kms. ) in Hatu, China. The resulting 38% interest adds further dynamism to Avocet's hopper of future production. Total annual output from its mines in Malaysia , Indonesia and new mining hotbed Tajikistan is already up to 200,000 ozs with the next target being 300,000 ozs. Drawing a line through recent takeover deals in the gold mining sector, the industry would probably value Avocet at 300p on the strength of proven reserves and over 500p if probable reserves were taken into account. With Asian investment and jewllery demand powering ahead of global production, the bullion price should continue to steadily head forward giving even more impetus to Avocet's future profits growth. Still worth climbing aboard.

[saucepan] 04/3/2006 14:35

It's OK yikyak; only fooling among good company.

Was anticipating there might have been some press comment on AVM this weekend, but seemingly not.

[yikyak] 04/3/2006 12:36

Apologies Saucepan.

[saucepan] 04/3/2006 12:29

whoops! thought I was checking in on the AVM thread. Sorry, my mistake :-)

[yikyak] 04/3/2006 12:25

Holdontight, removed my answer to the EUA thread.

[Abuse team] 04/3/2006 01:50

Post removed by ADVFN

[holdontightuk] 04/3/2006 00:02

YY....I have followed the EUA thread for a few months now and all you have said is that you have a "hunch"!

As you know, I hold TMG, who they were spun off from, but to be honest one is enough!

I'll take a further look over the w/end.....have a good one.

HOT

[yikyak] 03/3/2006 23:42

Your best off going to the thread from when I first posted (19th Jan 2006) as I explain most of it there.

[holdontightuk] 03/3/2006 23:33

Yes, I like FR....but also IMR.....might have to have both maybe.

I also like NGG, so thanks for that one.

Eurasia.....why?????

[yikyak] 03/3/2006 23:29

Holdon, plenty of news flow on First Majestic coming in the next month or two. :-)



Regarding gold I like New Guinea Gold, also Moly, some fantastic grades. (NGG.V)



PGM's, especially palladium, it has to be Platinum Australia like you mentioned (PLAA.L/ASX:PLA)



As my wild card I have Eurasia Mining, previously the most talked about PGM stock on the boards that IPO'd @ £3.10 and now trades at just 5p.



Have a good weekend all.

[kojak78] 03/3/2006 22:16

500% in over 3 years.. then take a look at Desert Sun which made 450% in less than one year. And Desert Sun was more expensive at US$1 than Avocet at 69p. That's without considering Taror/Chore or even Hatu and other exploration assets.

IMHO Avocet is a 4 digit stock within less than 3 to 4 years and without any gold price movement to the upside.

[holdontightuk] 03/3/2006 21:00

Growth Company Investor article.....

[billfisher98] 03/3/2006 20:20

Looking very healthy with a breakout to new highs on reasonable volume. Hopefully the next leg up will be as rapid as the one from December.

[wdurham] 03/3/2006 17:59

Oh, dear. So Avocet has a pathetic performance, does it? I call approaching a 500% return over 3 years pretty good going. I think it was 29p the first time I bought it.....

WHEN will people ever learn that exploration and development mining stocks rarely double overnight allowing them to exit their T+20 trades with an amazing profit? WHEN will folk learn that exploration and mining are a long drawn out, incredibly boring cycle, and the best results are obtained by buying low and selling many years later at a high? You can trade them in the interim, of course, which I have done fairly successfully, but when the timescale from first showings to full production is at least ten years, what do folk expect from these much maligned companies?

If you want dramatic profits from extended settlement purchases that you can't afford to pay for, choose the latest punters' darling, not a good sound solid stock like Avocet.

[brad1] 03/3/2006 17:44

patience kickstart - there is absolutely nothing wrong with the way they have gone up since late 2002. If we get another little rise next week, which I reckon we will, then the all-time high is the next level that may get challenged. There is a lot of upside to this company still, with announcements imminent (see interims). If u want quicker returns you would be better off looking at the oil and gas sector.

[kickstart] 03/3/2006 16:34

Well I hope monday is better, still a pathetic performance. Every time we go up the sellers appear. I really find it frustrating even though we are up 7p.Even a brokers buy note hasn't exactly set them alight.Hopefully Monday.

[kojak78] 03/3/2006 15:06

Sorry for that misunderstanding, Irish Minco looks interesting from the numbers perspective, too. Even if looking at it as a gold miner. The question is if they'll get the project into production without a lot of dilution etc., Oxus showed bad performance with the old management and the same could happen to Minco. So it's not a heavyweight stock for your portfolio but a very good investment otherwise.

[davebowler] 03/3/2006 12:32

Kojak, Wolstencroft-Yes I did mean the AIM listed Irish Minco.

[holdontightuk] 03/3/2006 12:16

OT: Kojak / anyone else......on silver.......do you have a view on who will win the Aquiline / IMA battle?

[saucepan] 03/3/2006 11:30

Thanks for that, Bill. I won't be surprised if other brokers soon follow suit.

[billfisher98] 03/3/2006 11:11

Seymour Pierce BUY recommendation out today on AVM.

[pecker1] 03/3/2006 10:38

Until now, I don't think I had fully appreciated the sheer size of these exploration territories - Hatu being 1000 sqkm - and it's good to see that Qi-2 is only the most advanced prospect in the area. So there could be others too waiting to be discovered.

Perhaps it's best that Anglo is paying for exploration in the other two areas. Given their expected criteria of a minimum of 2m oz, 200k oz production etc,, any prospect that does not meet these exacting requirements could be offered to AVM instead.