EVG 5.41% 3.5¢ evion group nl

I've been looking at this company as possible small cap Au play....

  1. 428 Posts.
    I've been looking at this company as possible small cap Au play. I came across this disturbing line from the 20/4/11 activities report:

    "EnviroGold has forward sold 126,000 oz of future gold production (30% of total production) at US$1,358 per oz, less fees."

    This hedge is $USD 56,863,800 out of the money at today's spot price!

    Can anyone point me to the details of these forward sales? Are they at least spread over several years?

    TIA.
 
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Last
3.5¢
Change
-0.002(5.41%)
Mkt cap ! $7.980M
Open High Low Value Volume
3.8¢ 3.9¢ 3.5¢ $35.37K 969.7K

Buyers (Bids)

No. Vol. Price($)
2 260020 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 56079 1
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
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