EVG
Click for more information
5.41% 3.5¢ evion group nl

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

  1. Lastword
    428 Posts.
    clock Created with Sketch.
    17/09/11
    06:47
    Post #: 8972898
    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.
    EVG Price at posting: 17.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 
watchlist Created with Sketch. Add EVG (ASX) to my watchlist
(20min delay)
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) ?
EVG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.