Yes very pleasing direction all round, in the current climate do not be too surprised to see this go past the all time high soon and hit $3,
However I have been very wrong before so DYOR
this is just my own humble gut feeling based on fundamentals and the current direction of the gold price.
Hi Explod,
I honestly believe Avoca was well on it's way to $3 pre RPST. Trending up on good volume and gold hitting all time highs (just checked Kitco and it's up and away again).
I am a big fan of the fundamentals of this company as they have always delivered and maintained humility. Even delivering the paste plant under budget!
Do you hold Explod?
.....However be ready, in my view, for any savage correction as even the best are dragged down in a market slaughter. Look back and check the happenings of the last correction. So tight stops Champ.
....
Looks like you were right JTLP and Explod, just a few cents more and it hits $3. And I strongly doubt that will be the end of the growth either. Gold has been below $1,200 per oz this week, but lately just back above this again.
A re-rating appears to be underway, the company keeps finding more gold, and is moving into that mid-tier producer area, with little other competition in that space. What a colossus this company is turning out to be, and beautifully placed for the times.
Looks like some website upgrading is going on this weekend,
but checking out the links below should lead to a research report by Argonaut on Avoca's website, placing a Buy rating with revised valuation 3.88ps on AVO. But this was dated in early July, i.e. before the 15th July resource upgrade announcement you mention JTLP.
http://www.avocaresources.com.au/downloads/research/avo_research_argonaut_20100705.pdf
http://www.avocaresources.com.au/
http://blogs.news.com.au/heraldsun/...mments/column_the_green_plan_to_kill_your_job
Vote Greens in this election and you won’t get cuddlier koalas, bigger hugs and cleaner rivers. In fact, you’ll be voting to “transition from coal exports”, which means ending a trade worth $55 billion a year .
You’ll be voting to “end ... the mining and export of uranium”, worth another $900 million a year.
You’ll be demanding farmers “remove as far as possible” all genetically modified crops, which includes GM cotton worth about $1.3 billion a year.
You’ll be voting to close down many other businesses and industries, including the export of woodchips from old-growth forests, certain kinds of fishing, oil and mineral exploration in parks or wildernesses, and new coal mines of any kind.
You’ll even be voting to close the Lucas Heights nuclear facility, even though it actually produces treatments for cancer.
In fact, you’ll be voting for policies deliberately intended to make us poorer. Less industrialised. Or as the Greens’ policy puts it, for a “reduction of Australia’s use of natural resources to a level that is sustainable and socially just”. Whatever that formula means.
....This is what a vote for the Greens really means. And it’s this party of vandals, tribalists and closet totalitarians that shameless Labor now helps to such threatening influence.
Hi Sharkymon, it's a little bit to do with your own strategy and expectations, i.e. are you looking for a short term trade, or to move on to another stock, or another sector? It all depends.Recent analyst reports have been more conservative than previous
Hi Sharkymon, it's a little bit to do with your own strategy and expectations, i.e. are you looking for a short term trade, or to move on to another stock, or another sector? It all depends.
In terms of analysts reports, check what the analysts were saying AND Andean was worth as recently as two weeks ago.
Avoca is a fav of mine, so I am biased, but since you ask, I'm not letting any of mine go.
Cheers, Logique
No haven't heard anything JTLP.Will decide in the next few days. Is there any material news Logique?
Perth-based Avoca Resources Ltd says it will merge with Turkish gold producer Anatolia Minerals Development to create an intermediate global gold producer.
Avoca says directors of both companies are supportive of the merger of equals, which will create a new company with a combined market capitalisation of about $US2 billion ($2.18 bil).
Avoca shareholders will each receive 0.4453 Anatolia shares for each Avoca ordinary share.
The exchange ratio represents a premium of approximately nine per cent to Avoca shareholders, based on the last closing share price prior to the announcement on Thursday.
Upon completion of the merger, existing Anatolia and Avoca shareholders will own Alacer Gold 50/50.
Avoca says Alacer Gold will own combined gold reserves of 3.5 million ounces (moz) and gold resources approaching 15moz.
The new company will be listed on both the Canadian and Australian stock exchanges.
'This combination represents a true merger of equals and provides the shareholders of both companies an opportunity to participate in a uniquely positioned global intermediate gold producer,' Avoca managing director Rohan Williams said.
http://bigpondnews.com/articles/Business/2010/09/09/Avoca_to_merge_with_Turkish_miner_511004.html
Avoca to merge with Turkish miner
Thursday, September 09, 2010 » 12:33pm
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