People with all the loot they got from the AND deal need to park it somewhere, and I suppose our goldie could get some of it. At least I hope so.
I have bought a few more EVG in the hope (expectation) that finalisation of funding is now a formality and reduced my average cost to 7 cents/share.
The one major unkown is how much further dilution we will have prior to completion of the first project.
I estimate that EVG now has 650 million shares and options. I am assuming they will at some stage issue another 350 million shares at 8 cents and above to get funds for the two projects currently of interest. Any more shares than that and we will start to look like SBM (although there are some goldies with even more shares on issue, eg AXM).
loki
EVG Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
