I wonder if the CEO/BOD will buy-in with the $1.8m, if they are awarded it? And watch it disappear down a black hole...like thousands of their loyal Investors have done.
You're not David Cather are you??? Hahaha! I can see why investors would want to rag them. It's all about performance at the end of the day... And nobodies reports.....since this lot took over....read like theirs!!! They have taken their eye off the ball! It's not just one thing...it's a number. Not only big issues...but peri feral factors too!! Not impressed!!
If you read the first four...yes.....four points of the Q3 Production Update...you would think... Flippin eck!! Who's running this company. It's all bad news! Not meeting targets... not getting good gold grades....not being able to reduce production costs.... It's been the same for 2 years now....oh....equipment a broken down.... The transport doesn't work! It's just a catalogue of operational deficiencies!! And the CEO is responsible... Full stop!! Why is he still at the helm... Being allowed to steer this company onto the rocks!!! It's beyond me!! This company average cost of gold production for the last 3 quarters is $1057! That's too high.... Look at the price of gold...maybe enough profit to get the CEO and BOD a flight somewhere else. Question is...is someone brave enough to acquire this mess....because that's what it is...and the options are limited to this being the only lifeboat on the ship! MOG... That was my big SELL by the way this morning. I'm out... until the management changes! Elliot must have lost a fortune here!!!!
Got to say I'm totally bemused why people continue to buy these shares. This company is dying on its a$se!! Might as well throw yo0r money on a bonfire!! Look at the graph folks.....down...down....down....down......down. The management here don't give a toss about investors, they don't have the confidence to invest in their own plans and product. money is just being soaked up here to prolong the inevitable! I'm surprised to see them still trading. Thought they would be finished by now...not long! GET CATHER OUT!!!
Interesting to note today....this was down over 8%....am. Yet pm.....it gains 4%. With over 70000 sells...not one single buy...and Gold dropping like a stone!! Someone is taking the pith!
Thanks for your thoughts and comments...interesting! Kiwi/s were awesome...had to go for the underdogs though!! There was a spell though when things started to turn!! Anyways.... best team won... even the Rugby League side are World Champs!! Still have a small interest here but going to half it this week at a huge loss...as I think Golds going to get whacked again and I expect this....as a consequence to halve in price....<1.5p maybe!? Hope I'm wrong! Looked at CEY on your advice...but....fancy AMA for 2 reasons...1 Recent management buy-ins reflecting a nice degree of confidence in what they're doing/where they're going. 2. Broker ratings (I know pinch of salt)!.If Cather and the present BOD stay I shall get the remaining investment out. Hope you're listening Elliott...and I'm sure your loss is far greater than mine! Get Cather out!!!
Hahaha! Mate I haven't a clue what ramping means! Talking about cesspits....I think there will an almighty DUMP on Monday of these shares. Investor confidence must be very low now. What annoys me about this company more than anything is...they never meet their targets. Its got to the stage now that information from them is not believable anymore! That's probably the worst reason I can think of for not investing here. But I'll keep my eye on the ball...and if Mr Cather and his BOD buy-in....who knows...I might change my mind and have a shillings worth!. Have a nice w/e everyone and MOG....Australia...to win!! Gudday!
I would just like to be one of the first the congratulate the CEO Mr David Cather and the BOD at Avocet Mining in guiding this company to one of its lowest SP's, since its infancy. Please read the companies reports over the last few years to see the history of one calamity after another has brought this once brilliantly performing company crashing down. Over a 98% loss in SP value since the heady days of 2011. Is this some kind of record I ask myself. Literally hundreds of thousands of pounds of Investors money, lost though POOR management! You always need a little bit of luck on the way....this company has had none....which is a shame...and continues to have problems, escalating debt, a consistency, to not achieve targets, which I've never seen before in my management career. How on earth are these people STILL running, sorry trying to run this company. Come on Elliott...they are failing miserably. Unless I'm missing something! Please enlighten me. Do us all a favour Elliott...get them out! I'm sure there's a future to rebuild and make things good again... but it can't be with the present regime. If this was the Premiership... they'd have gone a year ago! Anyone disagree here? x
They just can't get it right...can they....always something going wrong....production...targets keep falling. 20% loss of SP value this morning reflects....a SHAMBLES.
FRAZZLED....Investors an all!!
Gold significantly up......AVM SP significantly down...The End!
Many thanks for the information/advice. Will drop Elliott an email after this! Try and find out if AVM are still operational with all the problems out there!! Haha!
Does anyone have the contact details of Elliott...so we can lobby them and get this BOD moved on their way!! I know sometime ago someone tried. Lets have another go before this company is run further into the ground!!
There's AMA...BOD's exuding confidence in their own abilities and the direction of their company. Great to see!! Then there is the calamity that is AVM!! Come on Elliott get Cather and the people who are supposed to be running this company.....OUT!! Enough is enough...I'm sure I speak for the many....fed up....let down....investors that are/have been associated with this company. The communication of this company is appalling....Investors deserve more!!
"And now the end is near....da dada...final curtain" 3/4 million SELLS!! I just hope that Elliott...throw this company another lifeline for the Investors sake...after they have booted Cather and his BOD clearly out of site/sight over the horizon and put someone in who knows how to achieve something positive. Anyone want to give me odds??? AVM have been talking about funding for over a year now...Elliott keep bailing them out! I reckon...if Elliott pull out the carpet...bust and delisted by bonfire night...
AVMs performance has been nothing less than shocking during the recent rally in gold price. A pathetic rise of ..only a half of 1P!! I was wondering the other day if this company will attain some sort of record before the end of the month for its losses... including that of Investors who they don't seem to give a toss about. They voted at their last meeting to buy-in...purchase their own shares...I believe. When's that going to happen then??? Not much time left for their BOD to go out with the begging bowl and further increase the companies massive debts!! Get out folks whilst you can....you can buy a bigger slice of SOLG and have a lot more assurance about their future existence. Futures nothing but bleak here. Why...because nobody speaks to the Investors and tells them about a path forward. That's the only bit of consistency about AVM.
I've been keeping my eye on this SP for some time and something doesn't seem right...especially with comparison against other gold miners. Twice this week AVM had reasonably high volume trading where buying was SIGNFICANTLY higher than selling. On those two occasions the companies SP lost over 7% and 5% of its value. Others...didn't perform anywhere near as good as that...and made gains or never lost their SP value!! I'm no expert trader and don't pretend to understand the complexities of the market. I'm guessing there must be someone controlling/dictating the things. Which brings me to say.. What a shame it is to see this happening and Investors continually losing money with this company...which has again failed in its obligation to communicate with its investors. All they know is that the money runs out in approx 2 weeks time and operations could come to an end. It's a disgraceful follow up to AVMs previous performance. It looks like to me.. They are getting the last of people's hard earned cash... Before they fold. Prove me wrong Cather....
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Utter carnage in Gold ....time to sell. Fear worse to come . Time to SELL! Can't see how this company like thousands of others can survive....seems inevitable now that gold price will get continually smashed until it is left below $1000 oz!! Good luck to the brave who stay... I'm out of here!
Only....2 trades today...showing 5000 sells on domes sites. A 10%+ loss in SP value...WHAT ?! As I said before... Someone's taking the pith... How is that possible?