Member Info for ChameleonMan

Recently I wished I hadn't bought any Avocets but after today I'll have no more 'Egrets!

The outlook appears to be written against a muted background in the price of gold (maybe $1250)? and feels like it was written a week or so ago before the gold price broke out of its 200 day moving average. If you believe the upward trend in gold price will continue then this is an unbelievable opportunity to stock up on shares at under 6p! A one-off opportunity to average down for long-term holders like me.

Ha ha! That would require a few price monitoring extensions (whatever TF they are?)!

Perhaps someone spotted the plane-load of accountants from the Happy Clappy Chin-up metals Company arriving to do due dilligence?

I sold £5k of my holding to mitigate risk from the forthcoming earnings statement (albeit at a small profit) and I still think it was right to get some money off the table in spite of the price increase. Unfortunately I invested the proceeds in Goldplat which is down 14% today on a profit warning! Sometimes....

...will be a nice point to reach, filling in the trough formed in December.

.......Or did he? Maybe should have stuck to his guns for a 4p entry point!

Like the curate's egg - good in parts! Some positive developments and local currency devaluations offsetting low gold price. If the gold price continues to rise, this update will quickly be overhauled and Kilampesi may start to look a more profitable operation again? Hasn't changed my view that this is a good long term bet!

Profit warning!

My holding in unhedged gold miner Avocet Mining up 26% this morning! Can't believe my eyes! Was looking at terminal collapse a week ago! GDP moving up without any statement from the BOD! I think that puts that issue to bed?

Can't find anything specific that's driving the price. Does the market know something I don't?

Yes, just we "mutts" left with a juicy bone to chew over the weekend. On days like these its good to have "gold" in the company name even if mining is a small part of the business. Best day in a log,long time.

Sure, but I reckon good news has more effect on a quiet day? At the moment the rising tide of gold price is floating all boats, swans and ducks alike! ps can Avocets float or do they just wade around up to their necks in the muddy waters?

Like I said, no news is good news with AVM!

Last chance to load up at these prices. Just bought another15,698.

Or Randgold?...... http://www.ft.com/cms/s/0/7379ce12-8ce3-11e3-ad57-00144feab7de.html#axzz2tD7jARvX

Aye! We're all doomed! However its too cold and wet here to riot and the log fire is warm and the Shiraz bursting with fruit! Just pull up the drawbridge, fondle your gold Britannias and Sovereigns and forget about it! Will you vote for independence? Must be appealing to cut loose from the last days of the Empire? British not Roman that is!

Yes its important to remember that the gold price has been closing higher each day this week. Break-out from its downward cycle has already happened and $1300 will be a significant emotional milestone. I suspect we will get more bad news from AVM before we get good so that's why I'm not keen to squeeze it out of the BOD even if that were possible. Let's ride the gold price higher before we hear more talk of impairments and cash squeezes. The stock market can have a short memory so in my view, no news is better than bad news here!

Surprised at these comments - the news hasn't been good but there has been plenty of it: We had the update on the Elliot loan on 2nd January followed by the 4th quarter production results on 31st January. The full year results for 2013 will be published on 6th March: Avocet’s full financial results for the year ended 31 December 2013 will be released at 7am (UK) on 6 March 2014. The Company will host a presentation at the offices of its PR Consultant (Bell Pottinger) for investors and analysts at 9am (UK) on the day to discuss these results. Its not news we need but good news! I have 200k of these bad boys that owe me big time!

With Eastman (Perennial Wood) now (thanks Stogmot) out of the way we also need to watch the development of other product technologies which do a similar job. Examples are: Thermowood (Thermally-treated wood) Belmadur (chemically impregnated and hardened wood from BASF) Kebony (impregnated with fufuryl alcohol) Wood plastic composites and of course the mainstream pressure-treated preserved wood you see in DIY outlets. Accsys need to find a price-point to gain appropriate market share and drive their production costs down. Unlike Eastman they are committed to this technology, not having the luxury of a diverse product portfolio to pick and choose from. Their business model is great, getting income from partners before they are in production and royalties thereafter. Long-term I could see them being bought out by a larger organisation who make the acetic anhydride used in the acetylation process e.g. Rhodia, BP, Diacel or Celanese. It is worth holding this share long-term in my view.