Australia's largest stock trading and investment forum Australia's #1 stock forum

EVN

Click for more information

0.87%

$3.99 evolution mining limited

Ann: Acquisition of 80% interest in Northparkes Copper-Gold Mine, page-8

First 8 Last

Share
Profile

Follow
Oldgherkin

957 Posts.

152

05/12/23

18:14

Post #: 71286609
Share

Originally posted by eastwest101: ↑

Interesting read - thanks. I'm surprised that AIS were even let in the door - they would have no way of buying this asset, and zero chance at raising capital or borrowing to do so. I guess SFR had a look, but between Matsa in Spain and their expansion in Botswana they probably didn't want to overpay and/or had more on their plate than buying Northparkes.

The real surprise is that MAC Metals Acqusition Corp's bid wasn't good enough, I think they overpaid for CSA and now they must have PTSD about overpaying for assets, so might have put in a half-assed/modest bid, which got blown out of the water by Jake Klein and EVN's bid.

For gods sake don't tell the market but EVN is now looking like one of the best ASX listed Copper producers after their earlier acquisition of Ernest Henry and now Northparkes. OZL is gone and BHP isn't pure Cu exposure and most of the other ASX listed Cu producers/miners look like basket cases at the moment with only a very few exceptions.

Well done Jake - I think this is a good deal for EVN shareholders.

Expand

You read my mind,

EVN Price at posting: $4.14 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 51 more messages in this thread...

First 8 Last

Add EVN (ASX) to my watchlist

(20min delay)
Last $3.99		Change -0.035(0.87%)		Mkt cap ! $7.913B

Open	High	Low	Value	Volume
$4.01	$4.03	$3.98	$7.549M	1.884M

Buyers (Bids)

No.	Vol.	Price($)
67	133345	$3.98

Sellers (Offers)

Price($)	Vol.	No.
$3.99	110587	79

View Market Depth

No.	Vol.	Price($)
66	124386	3.980
29	170799	3.970
19	227560	3.960
21	186411	3.950
9	37240	3.940

Price($)	Vol.	No.
3.990	98669	74
4.000	211553	41
4.010	137049	37
4.020	110244	24
4.030	124814	18

Last trade - 13.46pm 22/05/2024 (20 minute delay)


Last $3.99			Change -0.035 ( 0.88 %)
Open	High		Low	Volume
$4.01	$4.03		$3.98	831469
Last updated 14.06pm 22/05/2024 ?

EVN (ASX) Chart

SPONSORED BY