Macquarie Bank still has not signed the final loan documents , EVG needs the finance now signed to keep the construction on time. If its not signed in the next 2 weeks I will be worried. I am not worried about any dilution if it means EVG are increasing their portion of the projects they own and if any placment is at a premium to current share price. However I doubt this latin crowd will be buying at 14.5 cents a share if the Finance from macquarie is not signed off, so its a chicken and egg scenario
I hear EVG is looking to hedge about half of its production so they seem confidant going forward.
EVG Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held