Updates

Avocet Mining

August 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Avocet has lowered its 2012 production guidance by 15% as a result of renewed metallurgical challenges exacerbated by lower grades processed in the second quarter, while cost guidance has been raised to the US$950 / US$1,050 / oz level over the next two years. To add to its woes it also announced that the scoping study for the expansion of its Inata mine has been delayed and will no longer meet the development time frame previously provided.There are always significant operational risks when it comes to mining stocks but we are quite shocked by how far and how quickly prospects have deteriorated. Numis has slashed its eps forecasts from 20 cents to just 5 cents (3.2p) for this year with next year's halved to 15 cents (9.6p). ...

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Carphone Warehouse - Wireless World roll-out going well

Tarsus- Forward bookings tracking ahead of previous yeat

Avocet Mining - Aiming to triple gold production to 500,000 oz by 2015 (March 2012)

Avocet Mining - Moving to the Full List (December 2011)

Avocet Mining - Restructures gold hedge (October 2011)

Avocet Mining (August 2011)

Avocet Mining - Inata mine drives strong results (April 2011)

Avocet Mining (March 2011)

Avocet Mining - Disposes of non-core assets (February 2011)

Avocet Mining - On course to at least double gold reserves to 2m oz (January 2011)

Avocet Mining - Gold play focusing on big reservesâ€™ upgrades to drive shares highe (December 2010)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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