EVN 2.22% $3.97 evolution mining limited

entitlements offer, page-6

  1. 1,167 Posts.
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    I'm also hoping for something near $1.70 on Monday, considering the gold price was considerably up on Thursday and Friday - this coming week is tipped to be good for the gold price. We should get near that target
    considedring the above mentioned.

    What is confusing me is the absolute purpose of this right-issue. Initially I understood it was partly for drilling and operational costs but mostly for an acquisition. Now JK is saying it's for drilling and exploration costs and a possible high-grade acquisition - if he is lucky enough to come across one. Does anyone know why they are holding so much cash if they already did not have an acquisition in mind?

    I was under the impresion within weeks of raising $150M they EVN will be announcing an acquisition. If that's the case I'm sure the share price would be re-rated up!!
 
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Last
$3.97
Change
-0.090(2.22%)
Mkt cap ! $7.883B
Open High Low Value Volume
$4.05 $4.06 $3.93 $37.04M 9.267M

Buyers (Bids)

No. Vol. Price($)
1 5000 $3.95
 

Sellers (Offers)

Price($) Vol. No.
$3.97 33882 1
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Last trade - 16.10pm 15/08/2024 (20 minute delay) ?
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