re: Ann: Further Delays to Financing Las Lagu...
JID
Thanks for your insight.
I hope this investment works for you - I only have a small holding (351K shares) and will take the loss, if it happens, on the chin.
I have always factored in major dilution in my estimate for this share - maybe we get to 1 billion shares on issue (even higher).
Is it possible for EVG to get a better financing deal elsewhere and only use its own shares as collateral for the loan? If Mac Bank really believed in the project then that should have been enough, or are there problems with this approach?
I will buy more if EVG falls to 2 cents, which would not surprise me to see happen. This is now high risk with EVG being in no man's land - having to meet outflows while the share price is falling and its cash balance is being eroded.
loki
EVG Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
