New Thread as requested by Wirral Owl.

6 Months Chart:-



10 Day Chart:-



Cheers

Ash

It as dropped a little but buys bigger than sells.

cheers GF.

POG now back up to $420 levels. Should see some positive movement.

cheers GF.

Some excelent stats on this one, note the historic P/E of 13.6 moving down to a forward P/E of only 8.1. Of course with Mining companies NAV is very important but the P/E of a profitable company should not be ignored and this one is very cheap, very cheap indeed.

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

cheers GF.

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.