Re that gearing. Net bank debt down 61%.
Given that this debt was incurred to acquire 11 years of Glencore's future gold production (~88k oz/yr) from the Ernest Henry mine, plus 30% of the copper production (sales are handled by Glencore and paid to EVN, and copper is hot right now), while liable for only 30% of the production costs, and by my calculations there are about 10 years of that still to go... ?!$?
Ann: FY18 Half Year Financial Results Presentation, page-4
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Last
$4.57 |
Change
-0.070(1.51%) |
Mkt cap ! $9.090B | |||
| Open | High | Low | Value | Volume |
| $4.56 | $4.61 | $4.52 | $36.29M | 7.945M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13855 | $4.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.57 | 70359 | 3 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| EVN (ASX) Chart |