mog
26 Oct 2015
Good morning or night , tya
mog
26 Oct 2015
The game changer , simple. A large increase in the price of AU. It has been kept down, artificially, at least in my humble opinion. If the US figures for employment and growth do not turn around soon, the fed are running out of options for a strong dollar. We shall soon see!!
mog
26 Oct 2015
Time is running out fast:: avm drew down 2m a few days ago, I sympathise Kenj2. but a small number of shares 2 years ago at that price, hardly worth selling, at this price.
Kenj2
26 Oct 2015
Time is fast running out Avocet have debts of $59m, and will run out of cash in a few days time.Much of their previous borrowing has been used to repay previous loans, but will Elliott continue to lend more money just so AVO can meet their repayments to them and Ecobank?The total cost of production is over $1021 per oz, which is too high at today's low gold price.Note that this is a TCC price and not an AISC price, which is often $150 higher.So the company is nearly bust and will continue to be loss making unless gold jumps a good bit higher. They need a major refinancing, but who will put up the money in these circumstances?Without the new funding, asset sales or administration looks likely. With new funding there will be increased debt and/or dilution, neither of which are good for the sp.I bought a small number of these shares a couple of years ago, and had taken my eye off the ball. I have only just read the Aug 24th Half Year Report, which is realy dire, so I have sold out today. Good luck to anyone still invested here, I fear you may need it.
mog
24 Oct 2015
They still have 13% themselves, if memory serves right, but it is Sat night so dont take that as gospel, along with other institutions ,so I think , no pressure from PIs needed.I am sure it is being put under scrutiny, Elliott specialise in companies struggling, Say no more!!
mog
24 Oct 2015
But unlikely to take any correspondence unless invested in Elliot.
mog
24 Oct 2015
Lofty, Elliot have an office in London.
armature
14 Oct 2015
Re: Slow moving this one. Moving up now.
shugg1e
12 Oct 2015
Re: Slow moving this one. top up at 5p when this gold rally has proved itselfplenty of time as the chart shows
armature
12 Oct 2015
Slow moving this one. zzz. A chance to top up.
mog
22 Sep 2015
Yippee we are up .31. But I can be serious, I prefer this share and the BOD than cr*p like acp conmen on AIM, Under the circumstances and current market,I will stay with this share,At least the BOD has been perfectly honest, t
nht
08 Sep 2015
Finance director has resigned ...seems to me the situation must be worse than we imagine ! What i don't understand is why he doesn't have to work his contracted notice period which i'd have thought to be a minimum of 6 months.
mog
06 Sep 2015
Master investor ,gold deal binge,,,makes a good read ,
mog
04 Sep 2015
Unbelievable surprise AVM up 3.47% today ,only got to go another 89% and can get some of hard earned back. Or is it 890%, mmm.Good weekend all, after a truly terrible end to the week.
armature
21 Aug 2015
Re: Upward turn! Bought in. Now just waiting
