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diana

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In reply to: nash on Monday 06/11/06 05:28pm

Sorry nash ... I don't always get my reminders somehow so missed your post. Whilst AVO is rocking along, IMHO there is still a long way to go for true value to be realised, especially with the outlook for gold being very bullish. A million plus ounces and not too many shares on issue could make them a T/O target.

 

More blue sky today ... very beautiful blue sky. http://www.sharescene.com/html/emoticons/rolleyes.gif

R/Di

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Everyone here seems to have gone Cold Turkey on AVO.

Not one post for more than 6 weeks.

 

Unless someone adds to this thread in the next 36 hours then I will be the last poster on AVO for 2007.

 

AVO is up to something and early 2007 will reveal all but silence isn't always golden.

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In reply to: celeste on Saturday 30/12/06 10:50am

Great opening by AVO for first day's trading in 2007.

 

W.A. Brokers have given the buy signal on this stock.

 

I trust you are watching closely Oracle your recent purchase was a gem pickup.

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From today's West Australian Newspaper:

 

Gold play Avoca, WANH top new year stock picks

2nd January 2007, 14:00 WST

 

Emerging gold producer Avoca Resources and potential media consolidation player WA Newspapers Holdings have come out as the WA stocks most often tipped to be strong performers in WestBusiness' annual broker survey.

 

Oil and gas titan Woodside, scaffolding company PCH Group and caravan and transportable housing manufacturer Fleetwood Corp were also among the top picks for WA stocks selected by the 12 brokers.

 

Avoca, like WA Newspapers, was nominated by four of the brokers when asked to list up to five WA companies they expected to be the best performing WA stocks based on share price improvement.

 

The recent upgrading of Avoca's flagship Higginsville gold project, south of Kalgoorlie, to more than one million ounces has the group poised to emerge as one of Australia's premier new generation gold operations.

 

Anticipated production from Higginsville's Trident underground mine is 160,000 to 190,000 ounces of gold annually, with an initial reserve life of four years.

 

But Fat Prophets resources analyst Gavin Wendt anticipates a significant upgrade on the mine life based on the group's resources.

 

Fellow Avoca Resources tipster, Argonaut Securities senior dealer James McGlew, likes the stock because it is an emerging gold producer in what he predicts could be a bumper year for gold prices.

 

Mr McGlew said the US dollar remained a risk but there was still upside to oil prices and high commodity prices were going to start to feed into inflation.

 

"With gold at such high prices, gold is north of $US600 at the moment, if you get a sniff of fear in there, we think it could go beyond $US1000 if you suddenly had an alignment of a number of planets," he said.

 

"The risks you have of it going to $US1000 have more chance of happening than of gold going back to $US500."

 

This year's introduction of a new regime of cross-media ownership laws and the enduring stamina of the booming WA economy has shunted WA Newspapers to the top of forecast best performers in 2007.

 

Bell Potter Securities head of wealth management Heather Zampatti said the publishing group was well placed to take advantage of the strong WA economy

plus had takeover appeal under the newly relaxed media ownership rules.

 

Takeover speculation helped WA Newspapers gain 41 per cent over the 2006 calendar year. Kerry Stokes' Seven Network, which is cashed up after the vending of a half share in its television and internet interests into a private equity venture, bought a 14.9 per cent stake in WA Newspapers in October.

 

Patersons Securities research coordinator Andrew Quin, Aequs Securities senior institutional dealer Ric Klusman and ABN AMRO Morgans investment manager Tim Carvolth also nominated WA Newspapers among WA's best performing stocks.

 

Mr Carvolth added vehicle retailing and servicing conglomerate Automotive Holdings, fast ferry builder Austal and Fleetwood to his list.

 

"All will perform strongly because of WA's strong economy," said Mr Carvolth, who also nominated new nickel miner Western Areas because of the metal's strong price outlook.

 

Infrastructure and gas group Alinta, which was included by five out of 11 brokers in last year's survey as one of their best picks, has fallen out of the most favoured stocks in the 2007 poll.

 

It has been a tumultuous year for Alinta, whose share price fell to as low as $9.82 five months ago as it was mired in dealings surrounding the $6.8 billion merger and asset swap with Australian Gas Light Company.

 

Its fall from favour was marked by its forced move to regain control of the poorly performing Alinta Infrastructure Holdings.

 

But Alinta has recovered support in the market over the past month and ended Friday at $11.82 - a gain of 67c for the year.

 

The allure of long-time WA favourite, Woodside, remains despite its riding big fluctuations in oil prices and suffering from a horror run of operational foul-ups and delays as well as internal upheaval.

 

Fronting an investor briefing in Sydney in November after slashing its 2006 and 2007 production targets, Woodside chief executive Don Voelte conceded the company had not lived up to expectations but promised an improvement was coming.

 

The oil and gas group was nominated by three brokers to be one of WA's best performing stocks.

 

Ms Zampatti said Woodside's increased exploration spend had the potential to generate production upside.

 

"It is one of Australia's best long-term resources companies with a high quality asset base," she said.

 

Delta Securities investment manager Maciej Rosiewicz said Fleetwood was poised for growth as Australia's ageing population and booming resources industry drives demand for recreational and portable accommodation.

 

"Fleetwood has normally been viewed as a more conservative stock but has a lot of potential upside in the current market with an excellent dividend yield," he said.

 

Mr Rosiewicz said PCH was a resources related company that was poised to benefit from increased activity in the sector.

 

It already had a good network of clients throughout Australia and its most promising growth prospects were in the Middle East and Caspian Sea, where it had already established contracts and could significantly expand its business through extra work.

 

Sentinel Stockbroking chief executive Norman Robinson said PCH would benefit from its exposure to North West Shelf developments.

 

Mr Robinson was also bullish on uranium stocks and nominated Summit Resources.

 

Mr Robinson, who also tipped Woodside, explorer Caspian Oil & Gas and investor Linq Resources Fund, warned that each of his picks was commodity-related and therefore any downturn in metal prices would drastically affect performance.

 

TRACEY COOK and NEALE PRIOR

 

BEST WA PERFORMERS FOR 2007 - WHAT THE BROKERS SAY

 

ALAN HILL

STATE ONE STOCKBROKING

Australis Aquaculture

Quickstep Holdings

Galaxy Resources

iiNet

Orbital

 

ANDREW QUIN

PATERSONS SECURITIES

Woodside Petroleum

Perilya

Avoca Resources

Coote Industrial

WA Newspapers

 

CHRIS MUNRO

HARTLEYS

Wesfarmers

RCR Tomlinson

Fleetwood Corp

Oilex

 

GAVIN WENDT

FAT PROPHETS

Fox Resources

Carnarvon Petroleum

Avoca Resources

View Resources

 

HEATHER ZAMPATTI

BELL POTTER SECURITIES

Mermaid Marine

WA Newspapers

Avoca Resources

PCH Group

Woodside Petroleum

 

JAMES McGLEW

ARGONAUT SECURITIES

Nova Energy

Kimberly Diamond

Ausdrill

Peet & Co

Avoca Resources

 

MACIEJ ROSIWICZ

DELTA SECURITIES

Fleetwood Corp

Herald Resources

Fox Resources

Macmahon Holdings

PCH Group

 

MIKE MUNRO

DJ CARMICHAEL

CopperCo

Wesfarmers

Peet & Co

Kagara Zinc

 

NORMAN ROBINSON

SENTINEL STOCKBROKING

PCH Group

Summit Resources

Woodside Petroleum

Caspian Oil & Gas

Linq Resources

 

PETER STRACHAN

STOCKANALYSIS

Exco Resources

Albidon

Sally Malay Mining

Australian Renewable Fuels

Advanced Engine Components

 

RIC KLUSMAN

AEQUS SECURITIES

Aditya Birla

Saracen Mineral Holdings

WA Newspapers

 

TIM CARVOLTH

ABN AMRO MORGANS

WA Newspapers

Automotive Holdings Group

Fleetwood Corp

Austal

Western Areas

 

 

 

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PROMO: Introducing Macquarie Prime - Shares, gearing, CFDs and cash, integrated in one online account. Pre-pay your interest at 7.75%p.a.* before June 30.

http://www.macquarie.com.au/emg/prime/

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http://www.brr.com.au/site/images/partners/sharescene-logo.jpg

Recent ShareScene.com Radio Broadcast (22/05/2007 10:15:00):

AVO - Paydirt Gold Conference Presentation - Mr Rohan Williams, MD

 

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.

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ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.

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  • 3 months later...

This little gem seems to be off the radar of most people.

I bought originally at 18.5c so most of my holding has just turned into a 10x ........... VERY happy chappy !!!

What's notable is that AVO has just passed its previous high of $1.80 (intraday), $1.77 (close).

So hopefully it will kick on from here. New announcement today with some interesting exploration results .

 

Cheers

J

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