What I am saying is that buy and hold is not optimal. Neither is trend chasing, as this Quarterly announcement demonstrates. Margin of safety was reduced after the purchase of Red Lake. For me there is now enough of a buffer buying at this current discounted price, that it's worth adding a decent stake back into my portfolio. I had spare cash ready. Was waiting for lower gold price, but this will do.
Ann: December 2023 Quarterly Report, page-69
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Last
$4.64 |
Change
0.120(2.65%) |
Mkt cap ! $9.229B | |||
| Open | High | Low | Value | Volume |
| $4.55 | $4.64 | $4.54 | $43.61M | 9.472M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10522 | $4.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.64 | 137469 | 17 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| EVN (ASX) Chart |