Ann: Further Delays to Financing Las Lagunas Gold, page-29

re: Ann: Further Delays to Financing Las Lagu... Plough,

The issue is that Mac Bank is going to take all the margin between the spot price and the forward sale price so no upside above spot for EVG when they hedge.

Hoping that Mac Bank registration goes smoothly. My understanding is that both BJ and Mac Bank have been aware that the POG may fall ST and both have been trying to get documentation squared away asap before any major damage done.

Remember though, we are still way above the AUD POG when the last published NPV for LL was announced (ie NPV of $78m was when POG was AUD $1200. It is still above $1400) which adds nice upside still to the last published NPV.

Agree cy7, there has been a long wait for shareholders but I can see the light at the end of the tunnel. The de-risking process is imminent and the re-rating will follow.

I'm in the buy queue :)

Cheers
John