EVG 5.41% 3.5¢ evion group nl

re: Ann: Progress Report on construction EVG ... Have I missed...

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  1. 737 Posts.
    re: Ann: Progress Report on construction EVG ... Have I missed something or what? This announcement looks like excellent news to me. They're progressing well with building the plant, and hope to be trial mining the tailings at Las Lagunas by April-May, with full production as early as December. EVG seems to me to be shooting fish in a barrel at Las Lagunas, mining a nice big sitting-duck deposit of what-you-see-is-what-you-get tailings at 3g/t (please excuse the mixed metaphors).

    What's not to like? Was there a disappointment in there somewhere? I mean, had the market been expecting bonanza-grades from the Azuay prospect in this announcement?

    A technical analysis of EVG's outlook would be appreciated. I topped up at 12.5c this morning despite a possible imminent pullback in gold and goldies, and would like to know if I've rushed in too quickly.

 
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