"Shaun Cartwright from Anadara Asset Management and Daniel Ortisi from The Stock Doctor, share their views. Both Daniel and Shaun agree that this acquisition was unnecessary and that Evolution paid too much for it. They see value in other stocks and even though the stock is down, they would both sell and go with something else."
I wonder if these gentlemen realise that Evolution's strategy is for up to 8 assets in Tier 1 jurisdictions generating superior returns.
Northparkes will make it number 6.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Ann: Acquisition of 80% interest in Northparkes Copper-Gold Mine, page-22
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Last
$4.88 |
Change
0.100(2.09%) |
Mkt cap ! $9.707B | |||
| Open | High | Low | Value | Volume |
| $4.99 | $5.01 | $4.84 | $39.38M | 8.016M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17864 | $4.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.89 | 162298 | 8 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| EVN (ASX) Chart |