Maybe holders don't like the idea of Edna May mine being sold?
There was an announcement 12 September 2017 says this:-
The Edna May gold mine achieved an EBITDA margin of 18% in FY17 and
produced 70,188 ounces representing approximately 8% of Evolution’s total
gold production in FY17
So perhaps investors are thinking if they sell it profits go down, I haven't done the math on what the loss of profit is for them on 70,188 ounces nor do we know how much they'll get on the sale of the mine, and one thing I have noticed with shares is how feeble some investors are, I mean they wouldn't be selling a mine to lose out long term surely.
EVN chart, page-8
Add EVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.63 |
Change
-0.080(2.16%) |
Mkt cap ! $7.208B | |||
| Open | High | Low | Value | Volume |
| $3.66 | $3.67 | $3.57 | $29.01M | 8.018M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 93914 | $3.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.63 | 2043 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$3.63 |
Change
-0.080 ( 2.43 %) |
||||
| Open | High | Low | Volume | ||
| $3.65 | $3.66 | $3.58 | 2190468 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| EVN (ASX) Chart |