New Thread as requested by Wirral Owl.

6 Months Chart:-



10 Day Chart:-



Cheers

Ash

Why the hell are we going on about this re-personalities lets stop the crap and get on with talking about making money. That includes all.

I hear AVM results are out second half of July. G

goldfinger,

Any thoughts on what they're likely to be?

On the one hand AVM looks like a decent investment opportunity, with a reasonable degree of risk attached, (which is ok given the potential reward), but I always have a nagging doubt as to why the market doesn't see the potential in this share.

Do you have any ideas why?

Andy.

Andy, the situation is very different I feel now from what we faced in March when the Bear market was still growling and Bulls were looking for an alternative investment ie, Gold. Now that we are seeing this Bull rally investors money is going into general stocks.

No fears though as I feel AVM are on for 7.5 million profit and that could turn out to be very conservative. I feel we will see this one rise up to results and after.

By the way Zak Mir TA specialist is very bullish on Gold and thinks we will hit $400 per ounce. G

Goldfinger,

I second that I see Gold breaking US$400 by end of July, and possibly hitting far above that by 10th October 2003, possibly even the US$850 after Anwar Sadat was killed.

Mad, we will see.

Cheers

Ash

The POG is knackered by the dollars slide, and the next move on this co. is down big time, having them and watching them for the last 6 months doing nothing during the times when gold peaked on several occasions has convinced me they are a hopeless case, next time they peak a little is the time to dump- if it happens.
HOPELESS SHARE.

Well thats what these boards are for Sequestor Free speech, but I think Ill put my money behind Ashley. Up Up and Onwards from here. G

Hope you are right but its hopes`triumph over experience i`m afraid

good luck anyway

Sequestor,

I hardly think a run from 12p to 42p on the back of a gold rise from US$305 or US$320 to US$380 is exactly not highly geared to the gold price, by my calculations AVM moves roughly 1 penny with every US$2.50 on the gold price minimum or 1 penny with every US$2.00 on the gold price on average.

If AVM was worth 42p on a spike to US$380, at US$360, logically the price should be 37p/38p IMHO



I therefore argue AVM is trading at a discount of at least 19%/21% currently, arguably far more as a high cost producer benefits exponentially from gold price rises to the bottom line.

Sumary find any other UK Listed gold producer, ie currently producing large amounts of gold and in expansion mode with a market capitalisation of only 20,040,000!

The above numbers do not even take into account any expansion in production or profits as a result.

The bottom line to me is that once AVM exceeds a market cap of US$50m/30.45m at ROE US$1.642=1.00 I expect the institutions to leap on board and shareprice progression to be rapid, back no doubt towards previous highs of 240p would not surprise me.



I therefore think the clever ones will be those that obtain a position sub 45p/46p personally.

I WAS licking my lips in anticipation Ash,after reading your last post, but I then took a look at the price, down again and my mouth went dry agin, still
I won`t sell, more out of cussedness than common sense, strange how the lure of gold makes fools of some men.

Sequestor,

Because the trading professionals and market makers read these BBs like hawks, it is often a good idea when you want to take a position to post some bullish information, knowing they go short before they go long.

It is like taking candy off a baby, I want cheap stock, they want to screw the punters.

LOL!

Do the numbers before I post them at a valuation of US$1000 per toz of annual production and profits on a US$204 cash production cost

Avocet Mining PLC
09 May 2003







FOURTH QUARTER GOLD PRODUCTION





Avocet Mining is pleased to announce fourth quarter gold production of 46,240
ounces, bringing the total for the financial year ended 31 March, 2003 to
134,581 ounces.



Gold production from Penjom in Malaysia amounted to 30,560 ounces for the fourth
quarter bringing Penjom's total production for the financial year to a new
annual record of 108,905 ounces. Total cash costs at Penjom are estimated to be
US$190/oz for the fourth quarter and US$204/oz for the financial year (2002:
US$239/oz and US$225/oz respectively).



Production from Zeravshan Gold Company (ZGC) in Tajikistan for the fourth
quarter was 15,680 ounces, bringing total production for the five months since
acquisition to 25,675 ounces. Total cash costs at ZGC are estimated to be US$278
/oz for the fourth quarter and US$284/oz for the five months since acquisition.



Avocet is a mining company listed on the Alternative Investment Market (AIM) of
the London Stock Exchange. The company's principal activities are gold mining
and exploration in Malaysia (as owner of the Penjom mine, the country's largest
gold producer), Tajikistan (as 49% owner and operator of the Zeravshan Gold
Company, Tajikistan's principal gold mine), and Indonesia (where it has an
advanced stage gold exploration property in North Sulawesi, currently at the
feasibility stage).









__________________________________________________________________________________________________

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


www.avocet.co.uk
--------------------------


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

sound job

cheers Ash.

Just so you know

Ashley is Sequestor. He makes up imaginary friends, like enq on ADVFN's PET thread.

I AM UR FREND ASH. This will be proved some day

Pat -

You really are up the wrong tree here, and on the GHT thread elsewhere.

The raft of aliases are indeed all one person - that which used to be known as City Trader Boy. They are not Ashley. The syntax is a dead giveaway, as always. Plus the fact that Ash has a braincell or two more than the multiple-headed-hydra.

Several resource stocks and GHT are presently the subject of this person's attention. With the possible exception of AVM, Ashley lost interest in resource stocks many months ago, and certainly wouldn't be giving any credence to the prospects of Petrel Resources!

pwmiles,
I don`t think Ash will be too pleased about that comparison.

Wendy,

LOL!

"Plus the fact that Ash has a braincell or two more than the multiple-headed-hydra"

I'm sure there's a compliment just bursting to get out of that statement!

Andy.

You might think that, Andy - I couldn't possibly comment.....

LOL

hmmmmm!!!!!!!!!

Thanks for comments Wendy Andy and all

Guess you are right Wendy. City Trader Boy, Backwardation, Bankside etc never came across quite the same as Ash

But Ash is InterGlobe (reckless ramper of Petrel on ADVFN)! I'll stand by that.

Best wishes

Thanks again for comments

Short interview.

Q. Hello Mr Miles. So what got you interested in gold?

A. Er.. I used to read this stuff on bulletin boards... round about January a year and a bit ago

Q. I see. Any particular shares?

A. Celtic Resources, Bema Gold...

Q. Your own selections?

A. No there was this bloke Ashley...

Q. I see. And did you ever discover any gold shares by yourself?

A. Yes! Peter Hambro! Brilliant! (wish I hadn't sold it for a pound less than it is today). Mind you Ashley said it was another ZOX

Q. Never mind Ashley. Any others?

A. Yes Avocet! Bought at 18p last June. Ashley wasn't too keen though. I ended up selling at 12, what a fool! Bought again at 30, sold at 37. Well I'm in now at 28 breakeven!

Q. Good luck Mr Miles

Sorry, Pat - you are wrong. Interglobe is not Ashley James.

Interglobe is City Trader Boy, Bankside Investments, etc etc. Suspect he is also M1Connection and a number of others. He even answers to 'Banksy' on some threads....

I stand by my earlier statement, which Andy interpreted as approaching a compliment.....not even ASHLEY would currently be promoting Petrel! It's a crock. At least Ashley's plays had perceiveable value - PET has none.

And whilst I think of it, on the subject of IDs, etc:

The person registered here on Money AM as 'wdurham' (my ADVFN ID) is absolutely nothing to do with me. I found a post with that ID while browsing here yesterday, and thought: 'I don't remember posting that?!'. Then I realised it wasn't me at all. I registered here with the same name I now use on Mike Walters and FYB, which is 'Wendy D'. On iii I am Wendy Durham. ADVFN is the only site I use regularly where I still use the old 'wdurham' ID.

There may of course be a William or Winifred Durham quite legitimately registered here, as it is not an uncommon name - just remember it is not me.

Ok Winifred!