EVG 8.82% 3.1¢ evion group nl

evg's forward gold sales, page-4

  1. 601 Posts.
    I agree with that.

    However in general I still prefer some hedging to a large capital raising (realising that sometimes it works out worse.)

    The thing is if all their plans materialise and in 3 years time they are producing 200-300k ounces of gold a year and the spot price is perhaps 2500 an ounce then we will all be glad they didn't have a 30% dilution.

    And the share price would easily be a 10 bagger from current prices.

    Twinsen
 
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