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3,568 Posts.
663
29/01/10
15:51
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Hi guys,
Unless there was a very clear EPS accreative use for the funds from a 100 mill share dilution I am very happy that the deal doesn't go through.
LL is fully funded, Ecuador is progressing along and funds have been raised to drill holes there.
Venezuela is now a no go so no need for funds here.
So, unless a major opportunity was going begging,let's keep the share register tight and take the profit coming from LL.
LL cash flow (and hopefully the Dec-11 options) will fund Ecuador.
Once another project is identified THEN get some extra funds in if necessary.
I'm feeling like hedging at $1,200 may have been a good idea now :)
EVG starting to look cheap again...
Cheers
John
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