laurence
19 Aug 2015
gold is holding steady just wait till Q3 rns should be good with gold at the price just hope it gos up
laurence
12 Aug 2015
watch out for belles he post rubbish on ukog as well
laurence
12 Aug 2015
gold well now go up after china devalue do not need oil go any lower as economy will be f..k
Iclaude
11 Aug 2015
Q2 Results published In October 2014 the estimated profit for gold produced was $400/oz. The drop in gold prices by some 15% has hit all mining ventures but is seen as a temporary situation with some predictions of it returning to $2000/oz by 2017. Against this background we have Aureus struggling to break through with a single up and running mine. The results for Q2 show a large amount of debt; warrants and options already in the pipeline and the drawing down of further sums cannot be discounted before production begins in earnest.Mr Reading hopes to turn a profit of £13m by year end and £137m in 2016/17. Laudable targets but with the vulnerability of the company to market forces, these targets seem to be wishful thinking. What is clear is that the creditors have a strong belief in where this company is now going and its other licences, which will be developed in the future. The Weaju and Indablama sites have had the most spent on them in research and one would expect these to be the better prospects.They also have an interest in Cameroon and it would be wise to pursue this thereby spreading the risk to two countries. Whatever the case, this is the beginning and with Mr Reading hinting at a possible dividend in 3yrs time further value may be attached. The company was launched in 2011 at an sp of 115p and it may well get back to that price in 3yrs time. More news to come, I feel. I am not an accountant and these assumptions are purely on my own personal reading of the figures presented.
laurence
10 Aug 2015
gold is up today
laurence
04 Aug 2015
lets get some good news soon
laurence
03 Aug 2015
laurence first gold shipment should be in switzerland now for refining
laurence
02 Aug 2015
laurence first gold pour will be end of july as it is rns 20 july
Kenj2
24 Jul 2015
Re: Gold Price Flash Crash Sorry should have read - from a post on LSE yesterday.
Kenj2
24 Jul 2015
Re: Gold Price Flash Crash "My pessimism tends to be confirmed when I read that China has dumped 5 tonnes on the market so far this year. "wtakesall, I think that you may have explained your own statement in your next post."Now that the Chinese and Russians have got the price temporarily where they want it they will not in my opinion be able to resist the urge to buy and hoard more. "Below was my view on it from a post on iii yesterday.The latest gold smack down was unusual as it involved real gold being dumped on the Shanghai exchange by China. However, as China rarely discloses it gold holdings or trades, and has previously been a hoarder of gold, I am suspicious. Did they dump this gold to force the price down, so they could buy much more at lower prices? Or did they secretly buy back much of this gold themselves through various nominee banks?
wtakesall
23 Jul 2015
Re: Gold Price Flash Crash GS2005I see the Renminbi (CNH) becoming a reserve currency towards the end of this year and am afraid that event will trigger massive movements away from the existing reserve currencies with USD and GBP suffering up to a 20% depreciation. I hope I am wrong but fear the worst. In terms of gold this event ought to trigger a substantial and sustained price appreciation leading to $2000 by early 2017. Now that the Chinese and Russians have got the price temporarily where they want it they will not in my opinion be able to resist the urge to buy and hoard more.
grandslam2005
23 Jul 2015
Re: Gold Price Flash Crash On what do you base your forecast for $2,000?GS
wtakesall
22 Jul 2015
Re: Gold Price Flash Crash I regret that we may even see gold down to $990 oz before a gradual climb back $2000 and beyond. Therefore AUE will remain weak until Q4 2015 in my opinion. This does not concern me as I am in it for the long term but it may prove worrysome for anyone needing an earlier exit. With a bit of luck and a following wind it may not go below $1000 but I fear the worst. My pessimism tends to be confirmed when I read that China has dumped 5 tonnes on the market so far this year.
fortunza
21 Jul 2015
Gold Price Flash Crash Well that is a rather severe reaction in AUE share price to the Gold price flash crash. I understand cost of production is about $800-850 so still some headroom even with a further 15% drop in gold price. Does anyone know if they are engaged in the futures market at all now that they are in production. Would like to get some clarity on wheter any of the 120,000 ounces a year production is hedged. I notice they are due to deliver first load to MKS Pamp refinery in July when cash flow should commence. Do they have a supply agreement with MKS? I am along term player, I see long term value here just need to ride turbulence in the gold price. Company is well funded, good management, significant further exploration potential and with what appears to be a collaborative government. I'm committed as much as I care to be but these levels present a very attractive entry level, in my view. Should be an aquisition target in good time would expect it to recover to 25p level quite quickly.Any thoughts?
Iclaude
20 Jul 2015
RNS re nameplate capacity Aureus process plant achieves nameplate capacity StockMarketWire | Mon, 20th July 2015 - 08:26 Aureus Mining's process plant at the New Liberty gold mine in Liberia has reached nameplate capacity following a successful period of commissioning.The process plant recently underwent a period of 24 hours performance testing, during which time the plant was operating at a feed rate of 152 tonnes of run of mine ore per hour at a plant availability of 96%, with all other equipment operating within or exceeding their design parameters over a continuous 12 hour period.A performance test completion certificate has been issued by Aureus to the engineering, procurement, construction and management contractor, DRA Mineral Projects.Aureus Mining president and chief executive David Reading said: "This is a significant achievement for our team and contractors who have successfully built and commissioned New Liberty, and I would like to congratulate all those involved. The successful ramp-up of the process plant to nameplate capacity gives me great confidence in our ability to successfully deliver profitable ounces in line with our business plan."At 8:26am: (LON:AUE) Aureus Mining share price was 0p at 23.5pThis presents another step forward to full production in Q3.
