New Thread as requested by Wirral Owl.

6 Months Chart:-



10 Day Chart:-



Cheers

Ash

Details above should be............................

http://companyresearch.digitallook.com/cgi-bin/digital/security.cgi?username=1038899&ac=7019701&csi=10895

cheers GF

TSG and POG up but not AVM why?

Goldfinger, have you bought into TSG yet?

No aldwickk not yet, still waiting to see how interest rates go in the US.

cheers GF.

See how small miners are rising.

Time to take a look at the rest in the sector.

Scvotinvestor was right with this one and must be quids in already.

cheers GF, Well done SI. Hoping you have made a fortune.

Through the 100p mark, lets hope it stays there and moves further north.

Cheers GF.

yes GF, Avocet should go further north in short and medium term IMHO. Resistance might be around 110p but if u hold on, i'm pretty sure medium term will bring around 160p or so.

I hold AVM and OXS for medium / long term so have not been put off by retraces from time to tme so far.

Its good t see one of my shares is doing well.....not that many are doing that great this year.

Yeah, i'm just about 50% up on this so am nice and calm on this one ATM

Superb SI.

Added to my position in these last week. Now hold 7 gold juniors. Think the speculators on oil will jump ship to gold on the ever rising POG.

cheers GF.

GF,

Not too sure about that, oil stocks are still doing ok, as indeed are gold stocks.

The POG is rising, but even if the price of a barrel of oil is falling, there is still IMHO considerable potential upside in the explorers if they strike oil.

I see an argument for having a mix of the two, as I myself have.

Point taken Andy but I see it this way, we are on the downward side of the oil price cycle now and are just in the last 2 weeks at the bottom of the upward Gold price cycle.

Sure oil plays which are not marginal and have good strikes will still perform well, but I think the majority of the speculators who were on Gold stocks early this year and jumped onto oil will now jump back across.

cheers GF.

>> GF

I have to say that your thoughts on shares are generally s*hit hot, but I think you are missing a trick here! The bottom line is that oil is getting scarce - and the oil companies know it. Oil shares are definately not the only game in town - would you buy a forest if they were about to cut down all the trees? But there is a simple supply and demand issue here.

Commodities (generally) are rising partly because there is a vacuum - ie coal mining stocks (what is going to replace the oil when it runs out) but also things like silver and platinum are rising because they are crucial components in the developments of things like fuel and hydrogen cells. Check out Biofuels (up over 100% over the last month). Gold is more of a play on the falling dollar (and its potential as a future reserve currency)!

At the end of the day it is all oil driven IMHO. Check out drydipstick.com

rgrds
gk

Should get another leg up here.

cheers GF.

Now pog s back up buyers should come in.

cheers GF.

Avocet Mining PLC
14 December 2004

AVOCET MINING PLC

AVOCET EXPANDS ITS GOLD PORTFOLIO IN INDONESIA

Avocet Mining PLC ('the Company') has completed a joint venture agreement ('JVA
') to earn a 51% interest in an Indonesian company, PT Iriana Mutiara Idenburg
('PT IMI'). PT IMI holds a 6th generation Contract of Work ('CoW') with the
Government of the Republic of Indonesia.

The CoW includes exploration and mining rights over 108,600 hectares
(approximately 420 square miles) in the Idenburg area of Papua Province
(formally Irian Jaya) on the island of New Guinea. New Guinea hosts some of the
world's largest gold deposits, including multi-million ounce reserves at the
Grasberg and Porgera mines.

The terms of the JVA are such that the Company has paid US$50,000 cash on
signing and will earn its 51% interest after expenditures on exploration and
development total US$2.5 million within a two year timeframe. The Company has
already spent US$377,400 on due diligence work that will count towards the
earn-in expenditure.

The CoW lies in a low mountain range some 120 kilometres to the south of the
provincial capital of Jayapura, which is situated on the northern coast. During
due diligence work over the last nine months, the Company's geological team has
identified three primary drilling targets at Bermol, Mafi, and Kali Sua Sinta.
The rapid rate of discovery and relatively unexplored nature of the CoW
highlights the potential for further significant discoveries through systematic
exploration.

The Company will initially focus on Kali Sua Sinta where it has identified
several zones of high-grade mineralisation within a 400 metres strike length and
500 metres width. This is located within a shear zone that extends for at least
five kilometres. Table 1 summarises results from surface channel sampling at
Kali Sua Sinta which has returned gold grades at surface as high as 73 g/t.
These assays reflect in situ grades and there is no evidence of supergene
enrichment. Initial metallurgical test work (bottle roll tests) indicates gold
recoveries exceeding 95%. The Company plans to commence drilling at Kali Sua
Sinta in the first half of 2005 with the initial objective of identifying a
minimum gold resource of 500,000 ounces in the area's near surface, high grade
zones.

The Bermol and Mafi prospects represent the next generation of targets within
the CoW. Both lie on an under-explored, fifteen-kilometre long structure.
Previous channel sampling at Bermol returned 8m at 5.81 g/t Au, 6m at 8.42 g/t
Au, 8m at 5.78 g/t Au and 4m at 19.4 g/t Au. Scout drilling at Mafi intersected
up to 12.6m at 8.00 g/t Au.

Avocet is a mining company listed on the AIM market of the London Stock
Exchange. The Company's principal activities are gold mining and exploration in
Malaysia (as 100% owner of the Penjom mine, the country's largest gold
producer), Tajikistan (as 75% owner and operator of the Zeravshan Gold Company,
Tajikistan's principal gold mine), and Indonesia (as 80% owner of the North
Lanut gold mine in North Sulawesi).

__________________________________________________________________________________________________

For further information please contact:

Avocet Mining PLC 4C Communications Ltd
John Catchpole (Chief Executive) Carina Corbett
Jonathan Henry (Finance Director) 020 8949 7171
020 7907 9000 020 7907 4761

sounds like good news! Also, when gold price has been sagging recently. When this goes up again, should see upturn of share price much more

Spot on SI.

cheers GF.

Yesterdays Broker note from Evolution..................

21 December 2004

Avocet Mining (AVM) Buy (unchanged)
Mkt cap: 99m Net cash: 9m Trading update Price/Target: 96p/130p

Exploration increases mine life at Penjom.

The company has generated a new mine plan and ore body model
following exploration. This anticipates an additional two years of
production at a lower ratio and improved grade.
Ongoing exploration in and around Penjom, Avocets Malaysian operation, has
boosted the resource base by 187,000 ounces or 27% (108,386 ounces of gold
remaining + 78,777 ounces gold mined YTD) replacing this years production.
This follows an earlier upgrade of 29% released with the year-end results in July.
The company gave the market the first indication of this in September when drill
results were still being modelled. These results further endorse the companys
claim of the potential for extending the mine life at Penjom laterally and through
a follow on underground operation. The mine life of the operation, at current
rates, has now been extended to 2010 in our estimates. This adds an additional
5p per share to our valuation, moving our target price to 130p.
Avocets resource estimate have consistently proven to be conservative, this is a
result of the nature of the ore, which tends to occur in high-grade veinlets and
disseminations. The model has been refined over time as more information is
generated from production and exploration. The company currently uses inverse
distance weighting cutting grades above 100g/t back to 100g/t this system has
been seen to underestimate the deposit by 15 to 20%. However recent
reconciliation is understood to have underestimated the grade by up to 40%, as
the operation is currently mining through a particularly high-grade area. We are
satisfied therefore that current estimates of the resource base at Penjom are
conservative and that further exploration will extend the existing mine life.
The results from remodeling following the new exploration results have not only
increased the resource base but also brought down the strip ratio and lifted the
anticipated recovery grade. These factors will reduce costs at the operation in
the long term, and we believe that the current year should see costs below
$200/ounce.

cheers GF.

Avocet Mining PLC
24 January 2005

Avocet Mining plc (the 'Company')



Director shareholding



The Company was informed today that Nigel McNair Scott, the Company's chairman,
has today acquired 230,000 ordinary shares at a price of 92.1p. This brings Mr
McNair Scott's total shareholding to 5,755,000 ordinary shares, representing
5.55 per cent of the issued share capital of the Company.




This information is provided by RNS
The company news service from the London Stock Exchange

Avocet Mining (AVM) looking interesting, strong uptrend should breakout and move to 52 week high. Director has bought 230,000 today, to add to his previous holding.I'm already long.

THis probably explains the recent fall!

May dip a tad in the morning, but IMHO not too much, and I do expect AVM to recover fairly quickly.

Now if they would start to unwind that hedge!
======================================================================

Minews Story
Date: April 08, 2005

Avocet May Undershoot Its Target Of 300,000 Ozs In 2005, But Not By Much.

Heads have to roll from time to time and it looks as if chief operating officer Johannes Oelofse has had to carry the can for the disappointing progress by AIM listed Avocet Mining at its Zeravshan gold mine in Tajikistan. Production for the 3rd quarter to end 2004 amounted to only 11,437 ozs gold as compared with 12,638 ozs in the previous quarter and this meant that production for the first nine months of the year to end March was 34,435 ozs compared with 49,743 in 2003. The company pencilled in production of 100,000 ozs annually from this mine when it last claimed in mid- 2004 that it was on track for group production of 300,000 ozs by the end of 2005. At that time production costs were still way too high at US$322/oz and the company had decided to throw money at it with US$8 million budgeted over the next 18 months on an expanded mining fleet, plant and infrastructure refurbishment and the installation of a 2.5 million tonne/year dump leach facility.

The benefits of this were delayed as it took longer than anticipated to restructure the ownership of the Zeravshan Gold Company which was a pre-condition for the company’s commitment to purchasing this mining equipment. Diesel was also in short supply and the reduction in high grade ore for the plant meant that the gap had to be filled by low grade stockpiles. One of its two SAG mills broke down last September and the winter weather was bad which added to problems. In fact the only good news was that a positive feasibility study was completed on the dump leach project which is a key component in the expansion and cost reduction programme. Trial underground mining and processing of ore from the nearby Taror underground project was also completed last autumn and the impact should start to be felt this year.

Into the breach has stepped Gordon Toll as technical director and his initial brief is clearly to get Zeravshan fixed. He certainly has to the right experience and credentials as his career has included four years as production manager with BHP Iron Ore in Australia and manager of Mining International for TexasGulf International. In the 1980s he was involved in building two world-class coal mines for Atlantic Richfiedl Coal and then worked for Rio Tinto, ending as group mining executive in London. He was then chairman of Emperor Gold Mines, an Aussie company producing gold in Jiji and until last Christmas was deputy chairman of Ivanhoe Mines. Anyone who survives working with Robert Friedland has not only to be good at his job, but tough to boot. He is also still on the board of Fortescue Metals which may, or may not, prove to be a good thing.

The engine room for Avocet is still the Penjom mine in Malaysia which looks as if it should have hit its 120,000 ozs target in 2004/5. The cash flow from this mine over the past three years has cut the borrowings from around 30 million to nil and it is a pity that the company still has a hedging programme round its neck to satisfy a banking covenant. It may be only 80,000 ozs, but at some time Avocet has to sell these ounces of gold for a pitiful US$300/oz. At the nine month stage it had produced 87,585 ozs which was a slight reduction due to downtime for modifications and additions to the plant which will improve performance over time and allow harder ores to be processed.

Looking ahead the North Lanut mine in Indonesia achieved its first gold pour back in October when 675 ozs of gold was produced. Since then, according to a comment on gold production in the December issued in February, gold has been accumulated in solution while open pit mining and plant operations are brought to full capacity.. At that time John Catchpole, the CEO, said that optimisation would be reached in three months when annualised production of over 60,000 ounces of gold is expected. If Avocet is going to achieve its target of 300,000 ozs in 2005/6 Penjom will have to maintain its present level of production, Lanut will have to boost its contribution to 80,000 ozs and Zeravshan will have to chip in 100,000 ozs. This is a big ask, but Gordon Toll must have known he was not going to have an easy ride when he took the job and it would be unwise to bet too much money against him succeeding. It may just be that Zeravshan will not hit its target until 2006 when operations at Jilau have been enhanced and in the meantime the final feasibility at Taror will have been completed.

With operations in three country’s Avocet spent US$5 million on exploration last year. Steady progress is being made at Penjom in bringing more reserves into the mining plan and some excellent intercepts continue to be made to the north of the Kalampong open pit including 8 metres at 38.1 g/t and another 8 metres at 29.7 g/t gold. Bullion Reef is now going to be worked initially as a satellite to Penjom for its near surface oxide ore and exploration will then be carried out to test its deeper potential. Work is also in progress in and around North Lanut to boost reserves and identify another project for future development. Bakan is particularly interesting as Newmont did some drilling there so Peter Flindell must know where all the bones are buried as he was exploration manager for Newmont in the area before joining Avocet. For shareholders the good news is that the company now really seems to know where it is going.