EVION GROUP GENERAL DISCUSSION, page-997

First 997 Last

Share
Profile

Follow
Cranium73

3,434 Posts.

786

16/06/24

21:16

Post #: 74341469
Share

Originally posted by Shellbell: ↑

Tirupati MC does seem insane, but the company has been going through internal (corporate governance and capitalisation) issues from what I have read. It's hardly fair to generalise and assume its a jurisdictional issue. Sure, the Mada Govt needs to continue getting its (mining) act together. Capital constraints on a national level will ease as the WB incentivises mining projects in the country with major infrastructure funding and support.

Rep, there has been raft of issues impacting Tirupati operations over the last few years from a bottleneck phase and a cyclone interrupting operations. Costs are up and graphite prices are down. So, whilst the economics have been against them, production has now increased and sales are apparently up which have yet to be factored in. They also acquired the graphite deposit in Mozambique not that long ago. VAT reimbursement from both govts is not helping. And, then to top it off, the company has undergone a big SH backlash. So, it's not a "Madagascar discount". Nextsource is now starting to hit it strides and its MCap is way higher than Tirupati's.

How far progressed Tirupati is with downstream projects may also be a factor here. It's easy to latch onto any negative and make a narrative of it at this time of year and make it stick. I hope that's not what is happening here... isn't our SP low enough?

Expand

Looks like we were typing at the same time

EVG Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

There are more pages in this discussion • 131 more messages in this thread...

First 997 Last

Add EVG (ASX) to my watchlist

(20min delay)
Last 1.9¢		Change -0.001(5.00%)		Mkt cap ! $6.592M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.9¢	$11.17K	588.1K

Buyers (Bids)

No.	Vol.	Price($)
2	404502	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	657774	2

View Market Depth

No.	Vol.	Price($)
2	404502	0.019
3	1220000	0.018
3	185000	0.017
4	259391	0.016
2	250000	0.015

Price($)	Vol.	No.
0.020	657774	2
0.021	40000	1
0.022	50000	1
0.023	1011780	1
0.024	150000	1

Last trade - 13.02pm 11/07/2024 (20 minute delay)

EVG (ASX) Chart

EVION GROUP GENERAL DISCUSSION, page-997

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Canadian fieldwork yields multiple pegmatites for Trinex

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

EVION GROUP GENERAL DISCUSSION, page-997

Top Stories

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Canadian fieldwork yields multiple pegmatites for Trinex

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News