EVG 5.41% 3.5¢ evion group nl

good day today

  1. 7,157 Posts.
    lightbulb Created with Sketch. 160
    PeaceAKKI many thanks for pointing this one out to me on the General thread

    I have been picking up the EVGOs over the past couple of days.

    Useful buying today, seems both heads and options are being accumulated on any minor intr-day weakness.

    As long as the management keeps up its quality reporting information to shareholders I have a feeling this one will run a good deal higher between now and Christmas.

    The fact that Macquarrie Bank has come up with $37.5mn for mine development to be repaid by a 3% off take on gold sales means that there is little chance of further dilution as we move towards production.

    Nice to see a speccy explorer using bank financing collaterised against forward production.

    As Macquarrie's analysts obviously gave the company a thumbs up for this to happen it is good enough for me.

    On NPV (back of the envelope style calculations) I could justify a price north of 30c for EVG at the moment so to buy the options at the current price is a no brainer for me.

    I would also possibly be a buyer of more EVGOs if we got any short term weakness but I think this will be unlikely.

    Be happy

    EB
 
watchlist Created with Sketch. Add EVG (ASX) to my watchlist
(20min delay)
Last
3.5¢
Change
-0.002(5.41%)
Mkt cap ! $7.980M
Open High Low Value Volume
3.8¢ 3.9¢ 3.5¢ $35.37K 969.7K

Buyers (Bids)

No. Vol. Price($)
2 260020 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 56079 1
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
EVG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.