ADU announced a few weeks ago that their hedge is at $USD1075 for around 290,000 ounces over up to 5.5 years. MacBank likes to screw the goldies so I do not expect a better deal for EVG.
Well at least the Indonesians are willing to pay 8 cents for their new shares.
I expect it will all be a bit of a struggle for EVG over the coming year. EVG will only advance if it can get up a second project without too much additional hedging.
loki
EVG Price at posting:
6.6¢ Sentiment: Hold Disclosure: Held
