Avocet Mining Share Discussion Threads

[blackadder4] 26/7/2013 13:44

My strong point is spelling rather than grammar..lol.Polaris ..he works as an analyst but he can't foresee the future like he can't foresee the markets trend. lol.

[bionicdog] 26/7/2013 13:37

Oh dear , I preferred it when it was quiet.
Credit to blackadder4 , at least he can spell , unlike those horrible people that were rude to me.

[polaris] 26/7/2013 13:34

And no, it is falling (not oversold) because it has rising cash costs (now well over $1000), recently announced a large fall in its reserves at the operating mine, had to borrow $15m from one of its major shareholders just to get through the year (which are secured on the assets in Guinea and must be repaid in full by Dec 31st 2013), still has around 130k oz in a hedge agreement with Macquarie at $938, which is just further eroding any possible profit from the rest of the production ozs, a falling gold price during 2013 and is burning through its remaining cash pile quickly (and $12m of that is restricted due to the revised terms of the hedge).

Once again, good luck with pumping this one up and i hope you get your target before 8th August.

regards,

Paul

[blackadder4] 26/7/2013 13:29

Buying opportunity folks below 11p.

[polaris] 26/7/2013 13:23

Better get yourself another accountant then who actually understands figures. That is also a very poor reply. Post the numbers, put up or just admit what you are - a pump and dump merchant who will try anything to talk up the price and to a specified level. Next week you will be gone and never to be seen again. The reason i stay here is that i always follow shares that i have traded in in the past because you never know when there may be an opportunity to rinse and repeat. This share is a basket case and should carry a health warning. It needs a miracle between now and the year end just to survive. If your 'accountant' cannot see that then he really needs to seek some professional help...

[blackadder4] 26/7/2013 13:22

In the short term it should get to 20p and 30p and beyond if the pog continue to recover.

[blackadder4] 26/7/2013 13:20

I have my accountant working out the figures I just pay him.He figured out that avm is undervalued at this level. it was oversold due to negative sentiments on the gold price.Even at $1300 pog it is profitable and could pay off debts .

[polaris] 26/7/2013 13:10

Try answering the question - how do you get a valuation of 20p using the information in my post? What positive news? can you actually back up any of these random comments with something concrete?

[blackadder4] 26/7/2013 13:02

Take note that ubs also increased their holdings back to 11% just recently.Up to you to what to make of it. ;-)

[blackadder4] 26/7/2013 12:57

I am not trying hard the share price is doing the Job from 7p ...while you are trying hard to get it down to 1p. By the way it is being taken off the Oslo market by cancelling off a couple of MMS.Plenty positive news still to come and at this level still way too cheap.

[polaris] 26/7/2013 12:43

Sigh - 20p, figure plucked out of the air - as per usual with no justification. Disgruntled investor buying at the top lol - i made my money on this from 50p lows of 2008 thank you very much, when there was an investment story to back things up. Anyone who has followed the threads on AVM over the last 6+ years will know where i am coming from. What about you? What you are trying to do now is a quick pump and dump. Once again, if you are a serious investor rather than short term gambler, you would have looked through the accounts but i doubt you have even done a cursory analysis.

Good luck is all i say and make sure you are out before the 8th August. I would be shorting at this level but my CFD supplier states these are unborrowable - shame as i doubt its worth more than a penny to current investors come year end (with the proviso that gold remains in the current range of $1300-1350).

You really must try harder than that.

regards,

Paul

[blackadder4] 26/7/2013 12:17

And 20p is the minimum I price the company based on your last post.

[blackadder4] 26/7/2013 12:08

Disgruntled investor buying at the top..I am buying from the lows of 7p and accumulating.LOL.
I am targeting 20p short term.

[mister md] 26/7/2013 10:29

no both 100ks were sells... but good luck to you anyhow

[blackadder4] 26/7/2013 10:21

And someone took it.

[mister md] 26/7/2013 10:15

that was a sell

[blackadder4] 26/7/2013 10:12

Another 100000 in the bag!

[blackadder4] 26/7/2013 10:09

All in the header ..look up with your specs on.

[polaris] 26/7/2013 10:03

On what metric blackadder4 could this be called undervalued? Let's see your thoughts in print. I would say it had a chance to survive at 1300 GBP gold but almost zero chance at $1300. One liners with no substance is not going to help this basket case share.

Regards,

Paul

[blackadder4] 26/7/2013 09:49

This is so undervalued and could be a target of a TO now pog over £1300.

[bionicdog] 26/7/2013 08:13

Hi Dave.
Takes me back to the RHPSG days that were all the rage a few years back.

[ninja 19] 26/7/2013 08:03

Go go go baby

Hope this helps

[doobydave] 25/7/2013 22:27

bionic,

It doesn't half simplify the board if you filter a certain P&D specialist. If you look at his profile, there's over a thousand posts in the last month alone.

About the only thing that might account for all the buying would be rumours of an opportunistic bid. If so, said party must like an alternative flutter on the gold price.