Australia's largest stock trading and investment forum Australia's #1 stock forum

EVN

Click for more information

0.00%

$3.58 evolution mining limited

Ann: Acquisition of 80% interest in Northparkes Copper-Gold Mine, page-8

First 8 Last

Share
Profile

Follow
Oldgherkin

964 Posts.

153

05/12/23

18:14

Post #: 71286609
Share

Originally posted by eastwest101: ↑

Interesting read - thanks. I'm surprised that AIS were even let in the door - they would have no way of buying this asset, and zero chance at raising capital or borrowing to do so. I guess SFR had a look, but between Matsa in Spain and their expansion in Botswana they probably didn't want to overpay and/or had more on their plate than buying Northparkes.

The real surprise is that MAC Metals Acqusition Corp's bid wasn't good enough, I think they overpaid for CSA and now they must have PTSD about overpaying for assets, so might have put in a half-assed/modest bid, which got blown out of the water by Jake Klein and EVN's bid.

For gods sake don't tell the market but EVN is now looking like one of the best ASX listed Copper producers after their earlier acquisition of Ernest Henry and now Northparkes. OZL is gone and BHP isn't pure Cu exposure and most of the other ASX listed Cu producers/miners look like basket cases at the moment with only a very few exceptions.

Well done Jake - I think this is a good deal for EVN shareholders.

Expand

You read my mind,

EVN Price at posting: $4.14 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

LSR

From the Floor question: "Why are you going back to Ned's Creek for a drilling campaign?" | Lodestar Minerals

MiningNews Select Conference: Smooth permitting, strong teams the key to project success and reaching demand

MiningNews Select Conference: Look further afield for funding projects, advises Rick Rule

ASX Market Close: Index gains 1% after interest rates pause | June 18, 2024

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

There are more pages in this discussion • 51 more messages in this thread...

First 8 Last

Add EVN (ASX) to my watchlist

(20min delay)
Last $3.58		Change 0.000(0.00%)		Mkt cap ! $7.109B

Open	High	Low	Value	Volume
$3.59	$3.61	$3.56	$22.18M	6.195M

Buyers (Bids)

No.	Vol.	Price($)
5	176252	$3.57

Sellers (Offers)

Price($)	Vol.	No.
$3.58	50682	4

View Market Depth

No.	Vol.	Price($)
2	9225	3.570
5	66429	3.560
23	225405	3.550
6	88497	3.540
4	50261	3.530

Price($)	Vol.	No.
3.580	41004	3
3.590	114604	12
3.600	66232	6
3.610	145933	6
3.620	87112	4

Last trade - 16.10pm 18/06/2024 (20 minute delay)

EVN (ASX) Chart

SPONSORED BY