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AVO - Avoca Resources

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A little fundamental analysis on the higginsville project (its my first one so go easy) ...... looks like a bargain.


Avoca Market Cap $194,000,000
company forecast production 160-190ktpa Production cost p ounce A$369

ounces pa 160,000 160,000 160,000 160,000 160,000 160,000 160,000

cash cost A$ $369 $400 $450 $369 $400 $450 $500

au A$ $600 $600 $600 $800 $800 $800 $800

EBITDA A$ pa
$36,960,000 $32,000,000 $24,000,000 $68,960,000 $64,000,000 $56,000,000 $48,000,000

EV/EBITDA 5.25 6.06 8.08 2.81 3.03 3.46 4.04


++++++

Exploration upside
 
Some good ann's of late and volume/SP increasing too. Can anyone here speculate wether AVO is on the up only short term?
 
Trading Halt this morning.

What on earth is a "potentially material" transaction?
 
Some kind of corporate action - placement, raising, rights issue, convertible notes, merger, acquisition, take over.
 
Thanks doc, thought it was babble for something a little more specific...
 
Have taken an exit in AVO today, although will take up the SPP. With recent dilution..... chances are it will range trend 'near term'.

Still like them fundamentally, but just trading the initial plan .
 
I also intend to buy into the SPP. Question - why take an exit if you are going buy back in? I'm new to trading so am curious about your mindset.

I have a small parcel I bought at 73c, SPP is offering at 1.32 and price today is peaking at 1.60.
 
I sold out a few days ago, but still received the SPP form today. Is it possible to still buy in? Or because I'm no longer a holder, I can't?
 
Dissaray,

Not quite sure what your point is. AVO was purely a recent trade for me, they reached my profit target and I exited.
Thats not to say at the right entry I wouldn't trade AVO again.
In regard to the SPP, you answered that one yourself with the SP .
 
Bullion said:
I sold out a few days ago, but still received the SPP form today. Is it possible to still buy in? Or because I'm no longer a holder, I can't?
Click to expand...

Bullion check the record date, if you were a holder as of that date you can still buy.
 
AVO are trending towards support again at $1.40ish.

Recent share placement/Capex dilution at $1.32, Trident ramp up and first ore out in June.

10 percent slippage in the SP the last few days, towards the placement price

Potentially another short term trade opportunity .
 
potential entry point @ support. stochastic indicator suggests stock is oversold but considering the placement this is pretty normal. would be surprised if this stock rallied before hitting this buy point
 

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Nice. Broken the 1.50 resistance it has had for so long. Value of Gold and the increased portfolio of their tangible mining ventures, plus continued upgrades of their reserves is looking pretty promising for Avoca.
Add to this that production is starting. Getting close to making it into a permanent space in the mid-tiers of Australian Mining.
 


Yeap AVO is looking very bullish at the moment it has clearyl broken through the $1.50 resistance and approaching to the all time high of $1.58.

Technically looking good. MACD turning up strongly looks like with a bit of steam. Today up 7 % with relatively high volume of 2mil!!

Possibly inside info?
 
There are now at least two (Fat Prophets and Managing Director of Newmont Mining) that say Gold will hit US $1000 ounce by the end of the year.

I think Fat Prophets are a joke myself, ramping it up when they pick winners but mention nothing of their many losers BUT I give a lot of credit to the words of the MD of Newmont.

Any one else got any comments from experts on the direction of gold?

In my opinion Gold will hit this mark. Sharemarket volatility is a factor in higher gold prices and as we have seen over the last 2 weeks it doesnt get more volatile than this. With the ramping up of production for AVO things are only just going to get better in this market climate. Im obviously not the only one who thinks so as the share price has remained rock solid (increasing in fact) with the recent falls. Positive news on their ever increasing success and growth has helped also.
 
A nice new high set yesterday with gold rising overnight. These are the ideal trends that I like and the fundamentals of this one have the right mix for me also. Enjoy the ride
 
This is probably the best looking gold chart I've seen for some time. Good breakout recently, probably on the first high grade ore from Trident. Top 10 own 46%!! Much upside to go with exploration do you think?
 

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another record high for AVO at $1.78.
should it be put under outstanding breakout thread?
chart looks promising for the future.
 
Kennas, are you following this?
just break 1.80 resistance.
big buyers just move in.
will this break 2 dolar today?
 
powerkoala said:
Kennas, are you following this?
just break 1.80 resistance.
big buyers just move in.
will this break 2 dolar today?
Click to expand...

Hope Kennas does not mind my jumping in, but suppose I hit the first button anyway. This stock shows strenth on any gold move. Any further move up on gold will see it continue on its merry way IMHO. Dollar Index looking to test support at 80. tonight so we will wait and see.

cheers explod
 
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