I love your optimism Tom ...I can't fault it ....BUT ...there's no way the CEO / BOD should get off lightly from a little criticism about the state that they have got this company in. They say bad ...let's put things into some perspective here ... The SP has lost over 98% of its value from its high ...that's got to be some sort of record with mining companies that are still operational !! This is not bad... It's in a different league ...catastrophic ...disastrous...calamitous is a more accurate description !! The problem with trucks... Crikey... It's not as if they have too much to think about ...what happened to continual maintenance schedules ...foresight ? And then there's the CIL... They don't meet targets and are late on delivery... the CIL wasn't operational when they said it would be... because they were missing parts. Why doesn't Mr Cather buy- in to his company...and his self beliefs ....now the SP is destroyed....and the answer is..... ? This state of affairs is surely not acceptable to shareholders . It'd certainly not acceptably to me! It needs to change ...better management who meet targets and deliver ...
Just thought I'd have a quick look to see if the CEO/BOD had tendered their resignations yet. Unfortunately not!! No word on future funding/ No word on why the Q3 results were appalling. No word why low grade ore has been produced when the plan was to produce the high grade ore,.... their words/ No word on the CIL, is it operational yet (doubt it!). No management buy-ins yet/ A significant lack of communication to the companies most important people....Its investors/ No resignations yet!! On a more positive note....There hasn't been any bad news lately, but it would be fair to say....shouldn't be long now. A PROPER SHAMBLES!!.
Would be interesting if it was a deal for Tri-K (Guinea), as they built the CIL to process ore specifically from that area! Mind you....nothing surprises me....whilst the present CEO/BOD are STILL with the company. They are still not buying in....so... its reasonable to assume that the SP will continue down.... until.....they put the shutters up!!
Is that...good or bad...let me guess!!
Anyone seen the interview with the failing CEO of this company? June 2013 Reuters. I could get it to play. Shame he was being asked...apparently why he had not invested some of his significant salary in shares of the company...then at sub 10p! Still no investment a year later sub 5 p! What does that tell you folks?
No problem...my optimism gets shaped by performance and outcomes. I'm optimistic that: CEO/BOD...resign AVM meet targets ONE day! AVM communicate with Investors more....where's the future funding coming from??? New management buy-in to their ideas...work and beliefs...all the quality ones do. You can't have much or any optimism where there has been nothing to shout about for so long!!
My optimism is my concern....not yours....so stick to your business...not others. You won't make any friends coming on here...and having a go at others. Please tell me...ANYTHING...that this company has done...that has to date....had a positive net effect on business...over the last 2 years and benefitted shareholders? Let me tell you the answer....zilch! So optimism...belief....trust...and many other constituents that spur investors on to better things...are somewhat scant. I know many miners have suffered over the last few years... But try reading AVM news....none have dropped the ball so many times than the BOD managing this company!
Do you think that was the CEO....asking about quartz...looking for some ideas?
No sorry...only cheese!
Thanks...that's really kind! Notice some good AMA management buy-ins recently!! Good move!! Nearly sold out couple of weeks ago...to purchase SOLG...they're moving again...wish I had!
Any management buy-ins yet? They need to get a move on ....its going up!!
Hahaha! You've made my spill my coffee now. All I can say to that is....some so called luminaries have the lux level of a 1 watt bulb!!
I think a more fitting name would be 'Calamity '. They have failed to produce on so many of their targets... The BOD and the CEO are not believable anymore. They have even reduced the final production figure after an absolutely atrocious 3rd Q production figure. And yes...you're right...as I have commented before...no management buy-ins sends a strong message out to smart investors. I wouldn't be surprised at all if they don't meet their reduced final target! No mention of funding STILL! Can't blame potential investors...would you give money to a company...who are becoming prolific for missing targets. You just can't take this lot seriously....reflected by a clear investor feeling of NO CONFIDENCE!!
Unfortunately...yes... Im still in!!! No choice....my average is about £2.50!!.......That's why I have been pretty vocal about the results. After the shambles of the last year or so...I expect something better....as a significant investor. But it isn't happening!! I don't want David Cather and the present BOD managing this company anymore.....its time for them to get out and go and do something else! They have had their chance...and my personal opinion is....they are failing miserably! And if I ever have the chance to get to one of the companies meetings....I shall stand up and give him ALL the reasons why! The main one being the ridiculously poor results that were posted this week. I hope they all felt embarrassed publishing them, because they should be! I was just kidding about my average...haha! Got my fingers crossed for a change now! Better foresight.....better planning....better leadership....better results....
Shame to see all you guys pulling out....but don't blame you at all. There was a degree of expectancy after all the problems here. Only for them to post atrocious results.!! I have always said that the CEO/BOD should have seen some of the problems coming. That's what being a quality manager is all about! They clearly didn't! I hope someone connected....somewhere, has the leverage to get the present regime out. They have failed!!! Good luck to all you guys...with your future investments. Wish I was with AMA...nice to see their management investing in their future. X
Absolutely....totally....and utterly poor performance. What happened to the high grade ore (mentioned in the report). Why is this not being processed now? They are a country mile away from the 2013 Q3 results which were poor. AVM are a company that continue to miss deadlines and targets. Investors must be sick of the failing management trying to run this company. It's not happening....Get Cather and the BOD out...it's bad news following bad news. Do us all a favour and do the honourable thing. RESIGN !! Never come across so many failures in one company. Atrocious performance!!
Hahaha....don't you almost know what's coming. Think you could be spot on! They don't know what good news is!! Targets....deadlines...you name it...failure after failure....and tomorrow's results...you've read the script folks....News stories littered with bad news...Got to be inevitable that more of the sames coming tomorrow....and still no resignations!!! Hope I'm wrong....but very low expectancy level from this mess of a company. Com on Elliott...clear it out!!
So 2013 Q3...produced approx..... 31900 ozs of gold. Lots of problems going on around that time (mentioned in report), this figure was comparably down with other quarterly results last year. The cost of production per oz was approx....1195 $. So there's the benchmark (please correct me if I am wrong, please). Now we have a CIL (that should have been running for at least 6 weeks), processing higher grade ore that has been stockpiled. So Mr Cather....that's a pretty low benchmark.....not much to beat....no pressure. Show your long suffering....loyal....patient investors some quality results and restore some confidence.
Q3 results Nov 5th..........Rocket......or.......damp sqib. Wonder if they remembered to turn it on even!!
Someone actually said something at AVM....no way!!.....is it true??....or just speculation!!!?? So Gold's now on its wat to being worth.....nowt!!.....AVM shares.............tuppence....maybe! Anymore good news?? Trick or treat?