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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Avocet Mining

March 2011

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.

  • Epic Code:
  • AVM
  • Price:
  • 219p
A strong update from gold miner Avocet with Q4 production increasing from 67,800 oz to 70,900 oz, while year-end production rose 115% to 236,000 oz, which beat its own guidance of 220,000 oz by 7.5%. Importantly, its flagship Inata mine in Burkina Faso increased production 14% to 46,200 oz over Q3 with cash costs dropping from US$526 / oz to US$511, helped by higher head grade than forecast of 2.68 g/t. Since then Avocet has announced encouraging drilling results at Inata with two northern extensions showing the resource extends along strike and at depth and further results will be unveiled in coming months. With the US$200m disposal of the Indonesian and Malaysian assets likely to be completed soon, Avocet is well-placed t ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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