@Blackened is spot on imo
big cap gold stocks have all been getting turned down on what looks to me for all the world like a rinse repeat of March2020's flush and rip setup as instos and algos pressed down to try and get cheap shares
last night the HUI did a nice big bull reversal
so this kind of deal and pricing announced here likely represents a major springboard sweetspot for those financing the deal
the fact the recent weak price action was near universal means this wasnt EVN specific
the only goldies showing much strength that I follow were juniors with high grade discovery stories
id be taking that 3.85 spp with both hands
the actual acquisition is more proof of evn mgt quality - more of the same core concentration double down and lift LOM at same time as reducing long run AISC - rather than spreading themselves thin
but its a ginormous aircraft carrier of a company - can takes 5+ years before you get the full fruits of moves now
@Blackened is spot on imobig cap gold stocks have all been...
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Last
$3.98 |
Change
0.060(1.53%) |
Mkt cap ! $7.903B | |||
| Open | High | Low | Value | Volume |
| $3.98 | $4.02 | $3.95 | $41.93M | 10.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38469 | $3.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.99 | 79948 | 4 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| EVN (ASX) Chart |