EVG 2.94% 3.5¢ evion group nl

construction update........, page-4

  1. JID
    3,568 Posts.
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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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