Below is a cut and paste of a post I made 3/01/08: EVG have some stated short term goals:
1. To issue up to 100 million Ordinary Shares in the Company at a price of $0.16 each, under a prospectus to raise $16 million * DONE
2. EnviroGold is in the final stages of negotiating a US$22.0 million facility with its bank for the project finance for the Las Lagunas project --- waiting. * JANUARY 2008:
3. Commence construction of the Las Lagunas project in October 2007 --- * ACCORDING TO THE ANNOUNCEMENT DATED 28/11/07 IT WOULD APPEAR TO BE UNDERWAY.
Todays announcement fulfills goal number 2 and 3, with 1 completed in December 2007.
30/01/08: US$23 MILLION PROJECT LOAN FOR THE LAS LAGUNAS GOLD PROJECT: EVG advises that the Company has mandated Standard Bank Plc to provide a US$23 million term loan facility and a US$2 million cost overrun facility for the Company’s 70% owned Las Lagunas Gold Project in the Dominican Republic. The Company will commence site works at Las Lagunas next month and has already ordered long lead equipment items to ensure construction completion by February 2009.
EVG are to date true to there word, an absolute must in my opinion. A couple of months behind schedule, but that is pretty good.
Market is not really enthusiastic as yet, but give it time.
Nothing is a certainty in this world, but EVG must be worth a look.
EVG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
