I am still with EVG -- Thought it pointless to post. One reason being I didn’t want to be seen to be ramping the stock. Another I suppose was I was thinking of buying more.
A lot of the juniors have been sold down without a friend in sight. Including today, I have actually used the opportunity to buy more. If I am wrong, which is always possible, I am just a bit more wrong than previously.
The placement for $16 mil has been made (Oct 2007)
The project finance (with proviso below) has been arranged as per announcement 30/01/08 “Provision of the facilities is subject to an agreement of loan documentation, satisfaction of conditions precedent, and the Bank’s internal approvals. It is anticipated drawdown will commence in April 2008 comfortably meeting the construction schedule for the project.”
They are at an advanced stage of development, again as per announcement 30/01/08 “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.”
The share price is somewhat irrelevant at the moment. Although I admit the market depth is atrocious and the share price not much better.
So it is really just a case of wait and see.
Regards cy7.
EVG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
