JID that was my comment regarding possible lack of electricity continuity from mains power.
I think it can be mitigatd somewhat by having generators on site.
You are correct on your scenarios regarding hedging have seen the effect of it on a number of companies the SOns of G adn Highlands Pacific not being uo to production and failing to meet the hedge book requirements.
WHat I want to know is are we fully funded for Finance. I to feel the process is simple and the machinery will do the job but are we fully funded through to production. The recently released annual report is difficult to analyse for the current and long term asset level of the company as it seems to lump in exploration costs as an asset, and is that exploration cost being used as an asset as collateral for the banks, If I was a bank I would be weary of that.
I majored in valuation and even for me I find the annual report difficult to understand
I dont like smoke and mirrors
EVG Price at posting:
8.1¢ Sentiment: None Disclosure: Held
