Updates

Avocet Mining - Restructures gold hedge

October 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.

Since late June shares in gold miner Avocet have been on a strong run to hit a new high of 282p. The main driver was a sharp 59% upgrade to gold resources at its Inata mine to 3.36m oz from 2.12m oz. That means that since Avocet acquired its West African assets they have increased resources from 2.36m oz to 5.03m. Earlier Avocet released its Q2 results, which showed production of 62,803 oz at a cash cost of US$802, compared with 71,708 oz at US$678 last time. However, stripping out its south east Asian assets, which have now been sold, its core Inata mine produced 39,423 oz at US$677 down from 47,963 oz at US$533. The lower production reflected a one-week strike and lower grades. Avocet has since initiated a scoping study in order ...

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Shaft Sinkers

H&T - Brokers upgrade again

Avocet Mining (August 2012)

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 (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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