UK 23:25 Monday, 2 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
These really are tough times for Avocet Mining (AVM). A quick read through the Chairman’s Statement in today’s annual report reveals quite how badly things have gone wrong for this company. A disastrous foray into the murky world of financial hedging, operational difficulties, reduced production and the collapse in the gold price have combined to heap misery on this company’s shareholders. It now needs $20million to $30million to see it through the year. But it might not be all bad...
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Comments
wildrides
Naah ……… its as bad as it seems ! On my barge pole list .
Ben Turney
@wildrides $20-$30million into a company with a market cap of £19million = massive dilution. I didn’t say this in the piece, but it is obvious.
However, one point I didn’t make was an aspect of this stock I really like. EVERYONE seems to have given up on it… nice contrarian set-up?!
wildrides
I may creep in the back door if
it gets funding ( on mature reflection ) ( oh ok ….. just on reflection then ! )