Member Info for olli-street

Johannesburg (AFN/BLOOMBERG)-gold miner AngloGold Ashanti has the past six months its profit more than doubled. The third largest miner of the precious metal in the world took advantage of the rise in gold price. By the financial market turmoil, investors were looking for the last period frequent refuge in gold, which widely is seen as a safe investment in hard times. In addition, AngloGold also benefited from the depreciation of the South African rand, whereby costs are lower than expected.

Forecast by the end of this year

this company should be overtaken asap by professionals ! even chinese folks..... bad managment is the cause of it all

looks that there is much more in it....dollar, Fed, interest rates, POG,... is helping us all toghether !

....more than I predicted .... time for recovery of my money !!!

looking good ....

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

Arbitration verdict received Avocet Mining PLC ("Avocet" or the "Company") announces that a verdict in respect of the arbitration between the Company and J&Partners has now been received. The arbitrator ordered that each side should pay for their own costs, which means that no other fees in respect of the arbitration are now payable by Avocet. This has removed an important threat to the short-term liquidity of the Company. The verdict found in favour of Avocet in almost all aspects, however the implications of those areas that remain unresolved are unclear. The Company is taking legal advice, to understand what residual risks might remain in this matter.

Indeed ! nevertheless I expect a major rise one of these days .... tomorrow general meeting shareholders

we are getting some positive news.... this could go hard coming time ! think is the moment to top up

1 Positive drilling results at Souma Avocet Mining PLC (“Avocet” or “the Company”) announces positive results from its drilling campaign at Souma, Burkina Faso. These are the first results from an ongoing drilling and metallurgical test work programme that commenced in April 2015. The programme will determine to what extent Souma might provide satellite ore feed to Inata, with minimal capital cost, or would be best suited to a low cost standalone heap leach operation, benefiting from synergies with Inata. Previous drilling has indicated that mineralisation at Souma is quartz hosted, and does not have the same carbonaceous ore types as seen at Inata. The objectives of the programme are to confirm that Souma’s metallurgy is oxide and non-carbonaceous, and to upgrade the existing resource of 0.68 million ounces in order to generate a maiden ore reserve. Highlights of this programme are set out below: DYNAMITE  DYRC0215: 18m @ 4.33 g/t Au from 20m  DYRC0208: 8m @ 7.70 g/t Au from 25m  DYRC0221: 22m @ 2.28 g/t Au from 2m  DYRC0221: 8m @ 5.36 g/t Au from 16m  DYRC0158: 3m @ 12.48 g/t Au from 27m  DYRC0167: 7m @ 3.68 g/t Au from 14 to 21m  DYRC0167: 14m @ 2.62 g/t Au from 43m  DYRC0184: 6m @ 4.74 g/t Au from 44m  DYRC0184: 3m @ 6.12 g/t Au from 27 to 30m  DYRC0217: 7m @ 3.99 g/t Au from 9m  DYRC0205: 15m @ 1.83 g/t Au from 6m  DYRC0202: 12m @ 2.21 g/t Au from 45m  DYRC0167: 7m @ 3.68 g/t Au from 14m  DYRC0206: 15m @ 1.63 g/t Au from 30m  DYRC0201: 14m @ 1.74 g/t Au from 2m  DYRC0200: 4m @ 5.90 g/t Au from 37m  DYRC0223: 7m @ 3.33 g/t Au from 39m  DYRC0233: 19m @ 1.03 g/t Au from 0m  DYRC0225: 5m @ 3.87 g/t Au from 8m  DYRC0184: 3m @ 6.12 g/t Au from 27m  DYRC0155: 4m @ 4.52 g/t Au from 41m  DYRC0235: 13m @ 1.38 g/t Au from 1m  DYRC0154: 7m @ 2.03 g/t Au from 30m  DYRC0199: 11m @ 1.26 g/t Au from 19m  DYRC0226: 9m @ 1.32 g/t Au from 32m  DYRC0223: 7m @ 1.65 g/t Au from 15m  DYRC0163: 10m @ 1.06 g/t Au from 5m  DYRC0227: 10m @ 1.01 g/t Au from 26m The above intercepts were determined using a 0.5g/t cut off, top cut 20g/t, minimum width to accumulate 2metres, maximum waste 2metres.

http://www.avocetmining.com/downloads/announcements/Announcements_2015/Communication-to-Norwegian-Shareholders-re-AGM-and-GM.pdf

under point 12 a

Is it correct that they will start (or have the intention) buying up to 10% own shares ?

that it's blocked for going up ! strange ...

Good news....

hopefully the start of getting my money back !....

1322,05

Unaudited Interim Results for the six months ended 30 June 2014 Operational highlights  Q2 gold production of 21,650 ounces, 6% below Q1 due to processing of lower grade oxide ore ahead of carbon blinding circuit commissioning; H1 production of 44,798 ounces lower than 61,726 ounces in H1 2013 for similar reason  H1 cash cost of US$1,246 per ounce of gold slightly above Q1 2014 and H1 2013  Lower Q2 production means that full year guidance is now approximately 105,000 ounces  Inata forecast to produce more gold per month following commissioning of the new carbon blinding circuit – on track for September commissioning  On 23 July Inata passed 3 million man hours without a lost time injury  Examining potential for heap leach processing of material from Souma and other targets at Bélahouro, as well as existing low grade stockpiles at Inata  Evaluating potential for underground mining of high grade shoot beneath Inata North pit Financial highlights  Inata funding requirement considerably reduced to US$15-20m through a revised mine plan and additional cost reductions  Negotiations continue with Ecobank and other parties to satisfy this funding requirement and a number of measures have been agreed to ease short term liquidity  Assuming remaining negotiations are concluded satisfactorily with these parties, and subject to successful commissioning of the carbon blinding circuit, the current life of mine plan indicates that the funding requirement of US$15-20m will be satisfied  Business review ongoing, with a view to addressing the Elliott loan as well as providing additional working capital for the parent company and Inata  H1 loss before tax reflects low production and a US$25.8m impairment of Inata assets KEY FINANCIAL METRICS Six months ended 30 June 2014 Unaudited Six months ended 30 June 2013 Unaudited Gold production (ounces) 44,798 61,726 Average realised gold price (US$/oz) 1,287 1,361 Total cash production cost (US$/oz) 1,246 1,204 Loss before tax and exceptional items (US$000) (20,222) (8,241) Loss before tax (US$000) (46,002) (65,699) Loss per share (US cents per share) (26.50) (29.78) EBITDA (US$000) (2,921) 7,592 Net cash generated by/(used in) operating activities (US$000) 4,367 (25,989) David Cather, Chief Executive Officer, commented: “Today’s announcement highlights the hard work and encouraging progress the company has made at Inata. As a result of efforts to reduce costs and capex in 2014, Inata’s funding requirement of US$15-20m is now expected to be addressed by arrangements with Ecobank and other parties that will ease liquidity in the rest of the year. The focus at Inata over the second half of 2014 will be on further cost reductions and on successfully commissioning the carbon blinding circuit in September, which