armature
04 Mar 2016
Re: Slow moving this one Agreed. But looking at Oz junior miners. Quite a few have manage to have increased 10x by the end of 2015.
shugg1e
04 Mar 2016
Re: Slow moving this one Yeah dont worry these are the stocks that really make you the money.What tends to happen is the big companies move up rapidly first which is what we are seeing now then when their moves become exhausted the money flows in to the second tier stocks which in this case could send AVM up 20 fold easily.Like you said now gold has broken out it could well move to $1350 and consolidate there for the rest of the year.PS dont forget they are up 150% since the start of the year.
armature
04 Mar 2016
Slow moving this one With the price AU braking out from the pennant chart. AVM should be heading a lot higher.
shugg1e
11 Feb 2016
Re: end is nigh lol jog on mate
shugg1e
11 Feb 2016
Re: Moving upward. Nice to see Yes i noticed that thought they would have moved with the market to at least 12p even Patagonia is up 25% today.Come on Amara catch up
shugg1e
11 Feb 2016
Re: Moving upward. Nice to see Yes i noticed that thought they would have moved with the market to at least 12p even Patagonia is up 25% today.Come on Amara catch up
armature
11 Feb 2016
Moving upward. Nice to see No movement in AMA yet.
nht
22 Dec 2015
end is nigh Departure of finance director said it all...most unlikely there will be any value left in this company for existing shareholders by this time next year.
Diottica
30 Nov 2015
Re: Time is fast running out Even though I still hold here (mentally written it off) I'm with Kenj2 on this. Seems to me the lender will take-over the mine - utilising their rights after Avocet default on the loan.
Kenj2
30 Nov 2015
Re: Time is fast running out Putting the mine on care and maintenance will not repay their debts.If they default on their debts they will not have a mine to do anything with.
shugg1e
30 Nov 2015
Re: Time is fast running out they will just put the mine on care and maintenance like a lot of others will do then world gold supply dries up and prices rise.
Kenj2
30 Nov 2015
Re: Time is fast running out "they got the funding"You are not reading this properly Shugg1e. They have NOT got the funding. They have simply got a stay of execution, a short term loan of $8.2m, which has to be repaid in full between Jan and June 2016. They still have outstanding debts of $59m, which need to be refinanced urgently, because they cannot mine gold profitably at these low gold prices. Hence they cannot earn the money to repay this debt, so must seek to extend it.
shugg1e
30 Nov 2015
Re: Time is fast running out they got the funding
Kenj2
30 Nov 2015
RNS $8.2m short term loan Looks very much like a sticking plaster to me.The $8.2m loan starts to paid back almost as soon as AVM get it."The loan carries a coupon of 10%, and is repayable monthly between January and June 2016. It is secured over the Inata mining permit and other assets of the mine."In January AVM will have to repay $1.5m of the loan (including interest) , and the same for the next 5 months. I think that Coris Bank have got a good deal here, a very short term loan (10% over 7 months) secured against company assets. AVM have done little more than buy themselves time. If they cannot arrange a proper refinancing by the end of June then the company is finished.Their total cost of production at $1021 per oz. is too high at today's low gold price c $1055. the time you add in other costs not included in the TCC price, they are operating at a loss for every ounce of gold they mine. The company needs to refinance it's debts, but who is going to lend them money when their TCC is so high and the gold price is so low?
mog
25 Nov 2015
newbuoy, no doubt you thought a cheap share. Be patient ,and wait now for AU to rise again. As it inevitably will. Eventually.Cather and the rest of BOD are powerless as most miners ,till this happens!!
