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your the first person i ever spoke to one these boards, pleased to see we are both still around
how are you did you clean up today chap
who was here a year ago - i hope hes been made good now
made a small profit here, shame i did not have more at earlier doors, going to buy SML now as that could 100 bag or more in the coming days and weeks ahead. good luck holders here.
Oil sector looks a good bet for the patient shrewd investor at the moment , shall have a look at the diamond in de rough .
how this dog came back is beyond me, there used to be a guy here a year ago who lost a lot of money - hope he had his money back now!
Nice rise this morning, made 300 % on initial investment that will do me which will be invested in LEK . GLA .
From 1.75p to 10.5p, that is pretty good rise, but to me it's seems overbought....
As you've all said, there is a lot in our favour just now. TCOP (Total Cost of Production) is in a very good place and better clearly should gold continue to rise. Markets will no doubt settle after Brexit vote if it goes the way I think so that might have a calming effect also on gold. Hey, who knows, it's all somewhat a guessing game but I just hope some long suffering shareholders can now see a light at the end of the tunnel. Long term this may be peaking the interest of major investors so that would be the next very positive step. I'm breaking even after 18 months of thinking I'd lose it all. I'm not selling out yet..
Plus the EU referendum. The risk of Brexit may be the main factor for Gold's surge in recent months.
looks that there is much more in it....dollar, Fed, interest rates, POG,... is helping us all toghether !
Hi Happy, What is TCOP please?
....more than I predicted .... time for recovery of my money !!!
Good question - we picked up a lot of debt, mainly used to pay off a bad hedge that the previous owners had taken on before gold became a useful commodity again. TCOP is now around $925 / oz, but with gold now hitting $1300 again, revenues should be a lot stronger than last year. You takes your chances on this one, but I'm broadly positive (some would probably say waaayyyy to optimistic!)
am I correct in suggesting avm are forecasting 80000 ounces 2016? How can the market cap only be £14m. Is the costs of extraction prohibitive?
looking good ....
Report well received and no doubt will see some big sells as the folks that bought in at 3p take a nice profit but hopefully there will be more to come. Would love to hear a funding announcement now.
Barrick Executive Chairman: 'Gold Is Here To Stay' Thursday April 28, 2016 10:15 “Gold is here to stay,” says John L. Thornton, executive chairman of Barrick Gold Corp. In remarks to the annual meeting of shareholders this week, he said “reports of gold's demise have been greatly exaggerated. Little seems to have changed since the financial crisis in 2008. Central banks have printed money to buy time for governments to get their fiscal houses in order, which most have not done. The result: today we have negative real interest rates, while tomorrow we could well have inflation. Either way, if you hold cash, you lose money. In such a world, gold's function as a store and unit of value is obvious.…Until someone finds a way to revise the laws of human nature, we believe gold is here to stay.”
with the forecast and actual POG this should be soon around 8p....hope POG can go to 1300
Is this a short burst or start of a prolonged upward move? The annual report was fairly positive I thought. Whilst still warning of the fragility of their position, reliance on Elliott etc, it seems suggestions of further funding conversations were looking good and that the gold price should stay fairly steady around the 1200 mark. The general state of the world economy which doesn't look like settling soon, as well as shorter term issues like Brexit,would seem to support that opinion. In the background, AVM just need to concentrate o trying to keep costs in control and persuading some people with lots of money to invest (perhaps the Mossack Fonseca refugees!?). I'm sure us long suffering shareholders will appreciate this bit of cheer and it may even lead to some communication (shock, horror) from the Board.
7p as a first target
GLA
It is encouraging that the gold price in Q1 2016 has enjoyed a 15% increase and has been sustained over US$1,200 per ounce, which has buoyed Inata's cashflows and enhanced Tri-K's economics. In addition, recent M&A deals in the West African gold mining space may prove to be early indicators of a return of investor interest in the sector.
Someone is depressing the share price by selling ridiculously low volumes and buying back reasonable volumes at a depressed price. Since the start of the week. The share price should be at 7-8p as soon as gold breaks the $1288 mid may. Assuming the quarterly output is as low as 17500 ounces x $150 extra since Jan on average, the company has made $2,625,000 extra this quarter. The company is in the process of renegotiating its debt, and we may have news before the 27th April quarterly results. Silly to sell at these levels to a Machiavelli. MY
why cost of production of gold in AVM is much higher than in XTR? no wonder AVM have loan which give its cash till end of april. what will happen after running short off cash again soon?