New Thread as requested by Wirral Owl.

6 Months Chart:-



10 Day Chart:-



Cheers

Ash

ianayel,

Possibly, but it has advanced somewhat since the early days, but I know some people that think AVM is one of the cheapest gold miners in london, and compares exceeedingly well when you check out Peter Hambro for instance.

Andy,

You are right about AVM being one of the cheapest gold miners in london, and it certainly does compares exceeedingly well when you check out other Gold miners, specially after the latest RNS. Seymour Pierce, obviously like the new agreement with Dynasty Gold, they brought out a BUY recommendation on Avocet Mining (LSE: AVM.L ) on Friday 3rd March 06.

http://uk.biz.yahoo.com/060303/336/g5gj5.html

Avocet Mining PLC
20 March 2006

Avocet Mining Plc

20 March 2006

ZGC RESOURCES INCREASE SUBSTANTIALLY AT JILAU PIT

Avocet Mining PLC ('Avocet' or 'the Company') is pleased to announce an increase
in the gold resources at ZGC's Jilau operations in Tajikistan of 802,000 ounces
to over 2.7 million ounces of contained gold. This represents a 40% increase in
the resource base net of depletion. ZGC now has total resources of 5.6 million
ounces of contained gold that meet the guidelines of the JORC code. These are
contained in the Jilau, Khirskhona, Taror and Chore deposits. The 3,000km2 joint
venture area controlled by ZGC contains an additional 11.3 million ounces of
resources categorised by Soviet standards (C+P), but not to JORC compliant
standards.

In November 2004, Avocet increased its equity interest in ZGC from 49% to 75%
(the Government of the Republic of Tajikistan holds the remaining 25%). The
Company then commenced an expansion and refurbishment of operations with the
main objectives of increasing gold production and lowering unit costs. Part of
that expansion plan was infill and definition drilling in and around the main
Jilau open pit, known as Jilau Main. Drilling and ongoing waste stripping in the
pit has now merged the Jilau Main and Jilau North open pits into the one Jilau
Pit.

Exploration results increased the resource base for the Jilau Pit by 389,000
ounces using a 0.5 g/t Au cut off grade and net of depletion. However, with the
successful commencement of low-cost dump leach operations adjacent to the Jilau
Pit and our ability to treat low-grade ore, the cut-off grade has now been
lowered to 0.3 g/t Au. This has contributed to an overall resource increase for
the Jilau Pit of 645,000 ounces to a total of 2,317,100 ounces gold. Additional
drilling at the smaller Khirskhona open pit to the north has increased resources
by 157,000 ounces to 421,700 ounces above a 0.3 g/t Au cut-off. All deposits
remain open at depth and along strike. The Company is confident of future
significant increases in the resource base for Jilau's operations.

The table below lists the revised resources in the Jilau district using
a 0.3 g/t cut-off:

Measured + Indicated Inferred Total
tonnes grade tonnes grade tonnes grade
ounces ounces ounces

Jilau Main 38,670,100 1.05 28,215,900 0.79 66,886,000 0.94
1,304,500 716,200 2,020,700

Jilau North 4,145,000 0.90 5,158,400 1.06 9,303,800 0.99
120,300 176,100 296,400

Khirskhona 9,449,000 0.73 6,835,000 0.91 16,284,000 0.81
222,400 199,300 421,700

Total Jilau 52,264,500 0.98 40,209,300 0.84 92,473,800 0.92
Pits 1,647,200 1,091,600 2,738,800

ZGC will complete a new mine production schedule based on the expanded resources
by May 2006. Given Jilau's resource potential, the Company is looking at options
to increase substantially gold production above the 85,000 ounces per year
currently planned.

Current operations at Jilau are concentrated on waste removal at the Jilau Pit
where the Company expects to reach consistent high grade ore by the summer of
2006. This should allow the operation to return to break even cash flow with a
substantial pick up in gold production from the current level of approximately
3,000 ounces per month.

All references to resources and exploration results have been approved for
release by Mr. Peter Flindell, BSc (Hons) MAusIMM, Chief Geologist for Avocet,
who has more than 20 years experience in the field of activity concerned and is
a Competent Person as defined by the JORC Code (2004). He has consented to the
inclusion of the material in the form and context in which it appears.

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 ZGC, Tajikistan's
principal gold mine), and Indonesia (as 80% owner of the North Lanut gold mine
in North Sulawesi). The Company has a number of advanced mining and exploration
projects in Asia and owns 29% of Dynasty Gold Corporation, a Canadian listed
exploration company active in Western China.

For further information please contact:

Avocet Mining PLC
John Catchpole (Chief Executive)
Jonathan Henry (Finance Director)
020 7907 9000




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

Excellent news ANDY!

"Could this be the next stellar performing mining stock ? "

Ian, it looks like that doesn't it? 40% increase in the resource base net of depletion, SP has started ticking up. I am sure we will see a gradual mark up.

Why gold miners are set for further gains

An interesting article -"It is our view that gold bullion is probably headed to $1,000oz and on that basis we would want the portfolios to remain exposed to what we believe to be a very considerable investment opportunity......."

Cont......http://www.moneyweek.com/file/9832/why-gold-miners-are-set-for-further-gains.html

Any news on this drop in SP ?
I know of the substantial shareholdings RNS but nothing else.

profit taking in line with major miners ! Just a breather before another leg up as gold continues its relentless approach to the magical $1000!!

Avocet Mining PLC
20 June 2006

Avocet Mining PLC

20 June 2006

MORE POSITIVE DRILL RESULTS CONFIRM RESOURCE POTENTIAL

AT OSELA IN THE BAKAN DISTRICT, INDONESIA

Avocet Mining PLC ('Avocet' or 'the Company'), the Central and South East Asian
gold production and exploration company, is pleased to announce continued
exploration success from first-phase resource-definition drilling at Osela. This
is the second advanced prospect in the Bakan District in the Company's 80% owned
Mongondow Contract of Work ('CoW'), the other being the Durian prospect. The
Bakan District is approximately 25km west of the Company's North Lanut mining
operation and is the main new initiative in the CoW.

The results of drilling in the Bakan District have the potential to add over
500,000 ounces of gold to the Company's resource base, which is above the
initial expectations announced by of the Company last year. Additionally, the
Bakan District has the potential for a significantly larger resource than this
being discovered on account of additional mineralisation already identified in
the Camp and Main Ridge areas (see press release of 11 July 2005).

Avocet reported significant intercepts from resource drilling at Durian on 29
March 2006 as a follow-up to the results of scout drilling reported on 11 July
and 16 November 2005. More recently, the Company has completed a 35-hole (3,400
metres) resource-definition diamond drilling programme at Osela, approximately
2,000 metres northeast of Durian. This programme, drilled on 50-metre centres,
has confirmed oxidised, high-sulphidation epithermal mineralisation over a
strike length of 1,000 metres. The zone consists of high-grade mineralisation at
North Osela, which is developed over a minimum strike length of 400 metres,
width of 25-100 metres and depth of up to 100 metres from surface. South Osela
is lower-grade, but includes a near-surface, supergene gold zone covering an
area of 300m by 100m with a thickness of 6-20 metres. Drilling in the area
between the North and South zones has intersected a silica-alunite alteration,
suggesting that the two are co-joined, though a slower than anticipated
laboratory turnaround has delayed processing of drill core samples from this
link zone.

The drilling results discovered significant intercepts from the majority of the
Osela drilling programme (Table 1). These include 41m @ 2.31 g/t Au (incl. 4m @
9.24 g/t Au), 54m at 2.58 g/t Au (incl. 4m @ 21.2 g/t Au), 50m at 2.79 g/t Au,
56m at 2.13 g/t Au, 54m @ 2.58 g/t Au (incl. 4m @ 28.7 g/t Au) and 30m @ 3.16
g/t Au (incl. 12m @ 6.01 g/t Au).

The style of mineralisation at Osela is similar to that at Durian and the
Company's Riska deposit, currently being mined at North Lanut. The high grade
intercepts at North Osela are associated with a near surface
halloysite-kaolinite alteration (after alunite) and chalcedonic silica-sulphide
at depth. The former is due to supergene enrichment while the latter is hypogene
mineralisation in the form of veins and replacement alteration. Gold
mineralisation in both North and South Osela are broadly distributed in NNE-SSW
to NE-SW trending structures. The occurrence of near-surface ore zones in both
North and South Osela will have a positive impact on the economics of the
potential resources. Osela, like the Durian deposit, is situated on a ridge,
which further minimises the potential waste to ore stripping ratios.

Metallurgical test work is underway to confirm preliminary results that show the
ore is amenable to the low cost dump leaching process employed at North Lanut.
Drilling rigs are currently collecting additional sample for comprehensive
metallurgical test work, including coarse particle column leach tests, and will
commence infill reserve drilling shortly.

Formal grade modelling is underway with the conversion of the resource to the
indicated and inferred category during July 2006, followed by feasibility work
to construct a new mine expected to commence production by 2008.

All references to resources and exploration results have been approved for
release by Mr Peter Flindell, BSc (Hons) MAusIMM, Chief Geologist for Avocet,
who has more than 20 years experience in the field of activity concerned and is
a Competent Person as defined by the JORC Code (2004). He has consented to the
inclusion of the material in the form and context in which it appears.

John Catchpole, Chief Executive Officer, commented:

'These drill results from Osela, combined with those from Durian that we
announced in March, indicate that the oxidised portion of the orebody may be
more extensive than we had first thought from the initial phase of drilling. We
remain confident that the Bakan District has the potential to host at least
500,000 ounces and possibly much more.'

. see link below

Final results

Keep this on your watchlist :-)

more great news today on both fronts.

cant understand why no-one chats on this......its a great nest egg

almost on CGT on this alone....and thats without SCTN

New article, click HERE

Bottom wedge breakout imminent looks that way......



Fundies good aswell........

Avocet Mining PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arbuthnot Securities
07-05-09 BUY 16.19 7.73 11.28 4.36

Evolution Securities Ltd
01-05-09 ADD 12.23 6.01 20.79 11.38

Investec Securities
09-03-09 HOLD 27.61 14.54 21.96 11.38

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS
(p) DPS (p)

Consensus 14.34 6.93 21.26 11.38
1 Month Change -0.02 0.00 -0.01 0.00
3 Month Change 1.32 0.62 -0.05 0.00


GROWTH
2008 (A) 2009 (E) 2010 (E)
Norm. EPS -51.12% 58.59% 64.21%
DPS % % %

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 26.42m 21.90m 27.78m

EBIT 19.64m 14.08m 9.98m

Dividend Yield % % %

Dividend Cover x x x

PER 17.45x 11.00x 6.70x

PEG -0.34f 0.19f 0.10f

Net Asset Value PS 51.79p p p

Avocet Mining upgraded to BUY from hold at Investec, target price raised to 91p from 71p.

MoneyAM
27/4/09

Broker has upgraded its valuation to include Avocets planned acquisition of Oslo-listed Wega and higher gold price assumptions of $900/oz for 2009.

Taken a small punt on this, thought for a long time that this is undervalued.

Very red on trades at the mo, not encouraging one to buy.

Just keeps banging on that 80p barrier every time...if only this could break that then the sp could fly !, probably needs gold to climb up to $930 an ounce.

or perhaps produce more gold ... will wega do the trick ... I am giving it a run.

Hoping i get a short term term move within the sideways trend here and also a breakout from 90p.

Fingers crossed.