Avocet Mining Share Discussion Threads

[johncraven] 11/10/2013 07:08

"Our feasibility work to date shows that Tri-K is technically robust, with a low strip ratio, low cash costs, high grades and high recoveries. The technical submissions to the Guinean Government mark an important step in the mining licence application process. Work is now in progress to optimise the project further, including a focus on certain aspects of the capital and operating costs."

[johncraven] 11/10/2013 07:08

Sounds good

[polaris] 10/10/2013 17:34

update on Tri-K tomorrow is probably the reason for the move into the close, as flagged in recent announcement. The real news will be the Q3 figures scheduled for the end of the month.

[johncraven] 10/10/2013 17:09

Nice close

[giant steps] 10/10/2013 07:56

Polaris, your list of questions are as ever very useful reminders.

You will of course recall many years ago i kept reminding folk about the
dangers of the hedge book; it has clearly come back to aggressively bite.

[a.fewbob] 09/10/2013 20:35

I think they aught to put shareholders out of their misery and shoot them selves in the head. Then again they would probably co ck tha up too and miss!

[polaris] 09/10/2013 20:29

Just when you believed that AVM might turn a corner with the increase grade for H2 2013 and fall in costs due to favourable conditions, they release that statement. Production likely to stay around that for previous Qs and costs similar to H1. How do they expect to pay back the Elliott loan at year end? How can they develop Tri-K? What is cash position at end Q3? How are continuing gold weakness and hedge impacting revenues? Looks like they shot themselves in the foot again to me.

Regards,

Paul

[giant steps] 09/10/2013 07:34

SOS100, i have no holding and no intention of taking any position

Just historical knowledge and following the story.

[sos100] 09/10/2013 07:32

aint that bad Giant.

what price will u look to buy..

[giant steps] 09/10/2013 07:32

tradesense, they are walking on eggshells so no margin for blips

(no advice intended)

[tradesense] 09/10/2013 07:28

it seems to have been a short term temporary issue . low grades were due to stripping delaystill 125-130k guidance is ok

[giant steps] 09/10/2013 07:24

Avocet missing targets, sensitivity of this not to be ignored
i.e. persistent high costs

A bag of lower production due to unexpected grades and mill availability.


RNS 9th October 2013

[johncraven] 07/10/2013 15:06

Gold is rocketing and AVM doesnt seem interested. Reckon this will just get taken out

[leecoyote] 03/10/2013 20:45

Interesting read - hxxp://www.titanip.co.uk/wp-content/uploads/2013/07/PREC-METALS-PDF.pdf

At least one fund managers bullish on gold!!

[tradesense] 03/10/2013 16:49

new RNS elliot hold 28%

[p@] 01/10/2013 08:54

hxxp://www.avocetmining.com/downloads/announcements/Announcements_2013/R267.2013_Competent_Persons_Report_Avocet_Final_260913%20-%20Complete.pdf

[p@] 01/10/2013 08:44

It's been taken down.

edit-ok now

[johncraven] 01/10/2013 08:33

the report makes a great read should start to turn here

[tradesense] 29/9/2013 23:04

nice start in asia $1347

[snickerdog] 25/9/2013 17:40

AME have assets in West Africa

The directors of African Minerals & Exploration will be presenting at the Chesterfield Hotel on 26th September 2013, at 6pm. After the presentations the directors will be available to take questions during a wine & canape reception. Free to attend. REGISTER HERE:

[tradesense] 25/9/2013 17:36

gold to rally ?http://m.bbc.co.uk/news/business-24209622

[slaphead240] 19/9/2013 16:17

Gold moving up again

[casholaa] 19/9/2013 15:31

What we need is a major catastrophe to propel pog.