Corporates: Gold, Nickel, Gas

Some more good news from the resources sector.Gold miner Avoca Resources says it is now & #160;expecting & #160;a maiden first half pre-tax profit of & #36;40.5 million.The Perth-based company said yesterday that & #160;unaudited pre-tax result for the first half of the financial year will be & #160; & #36;40.5 million compared to a loss of & #36;21 million in the prior corresponding period.The company said the estimated first half net profit was & #36;29.38 million, compared to a loss of & #36;14.65 million in the corresponding period in 2008.Avoca's Managing Director, Mr Rohan Williams, said & #160;that & quot;the unaudited & #36;40.5 million profit for the 6 month period to the end of December is a fantastic result and a credit to all of the operational teams at Trident. It represents a 140% increase in revenue over the corresponding period in 2008. & quot;Avoca and its Higginsville operation are performing above expectations and we are confident that the Company will continue to grow and become Australia's premier mid-tier gold producer, & quot; he said in the statement to the ASX. & #160;Recovered gold production for the half is expected to be around & #160;101,500 ounces, compared to 49,622 ounces in the first half of the 2008 fiscal yea. & quot;The upward variation in operating results for the half-year is due to the commencement of steady state operations at Higginsville following a successful ramp up in production, & quot; the company said. & quot;The unaudited December 2009 half-year operating result does not include a potential fair value gain (non cash) adjustment to the book value of the company's investment in Dioro Exploration NL, & quot; it said.Avoca is expecting to reveal its audited half-year results to the Australian Securities Exchange before the end of the month.Avoca shares rose & #160;8 cents, or 5%, to & #36;1.68.

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About Daniel Kertcher

Daniel Kertcher established Platinum Pursuits in 2001 as a vehicle in which to share his knowledge of strategies to use the financial markets to grow wealth, with the aim of achieving financial freedom by making your money work for you.

His argument is that until you become financially literate and develop a method where you're able to get a reasonable return on your capital (i.e. making your money work for you), you will instead be forever working hard for your money.

Daniel Kertcher personally achieved financial freedom at a relatively young age, through his knowledge of property and then financial markets investing. Through using Options and leveraged instruments such as CFDs, Daniel developed a system to trade the markets where he could benefit from the leverage when the trade went in the direction he predicted, and hedged his positions so that there was a limited downside risk.

Some people in the past have criticised Daniel's message of striving for financial freedom in a high-risk environment such as trading derivatives. However, it is not Daniel's or Platinum Pursuits' goal to encourage everyone to trade the financial markets. Every kind of investing contains an element of risk, so this level of education is aimed specifically for those who want an understanding of professional trading techniques and strategies that they hope to apply to their own capital, and it is absolutely true that many people are not yet in a position to invest a chunk of their savings.

To be truly financially literate, it can pay to explore all the options available when you are in a position to try to get ahead in life. Daniel currently presents free introductory seminars nationally on selected dates from February to November.

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