Do you have any idea of how much more dilution will be required to develop LL? At present there are some 580 million shares and options on issue. I suppose if all the options are taken up then EVG may have enough cash to expand beyond LL without further heavy dilution. But I get the feeling that EVG is seeking a further capital injection now.
I can not see EVG going much higher in the next 12-24 months because the hedge will eat up most of the upside from the LL operations. They really need a second project to get up without any hedging. What do you think?
loki
EVG Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
