@Exised
The bond is really outstanding, a huge vote of confidence - you don’t get an over-subscribed placement when the rate is only 3% unless your extremely confident of getting your cashola + interest back
plus there’s a hedge there for exchange rate. I remember PLS (lithium miner) a few years getting 20%! That was a worrying time
Re the copper credits if it contributed to lowering gold cost by $100A/Oz in 2022 (and almost double that in 2023), working on last years production figures of 700k ish Oz gold production they’d make an extra $70M in the first year, $140M in the next, slightly less in following years leading to a 5 year payback of whole acquisition (when also accounting for increasing gold production)
one thing I am still a little confused about they have $400M debt already (from memory)?
they say that acquisition cost $1B comes from bond of $200M and the rest from cash. But then next line, debt increases to $1.6B so not sure I’d describe that as coming from cash - what is the terms of this debt (the 400M already existing and the new $800M).
pretty new to EVN so appreciate your thoughts and those of others.
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Last
$4.05 |
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Mkt cap ! $8.042B |
Open | High | Low | Value | Volume |
$4.06 | $4.07 | $4.00 | $25.69M | 6.365M |
Buyers (Bids)
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5 | 7637 | 4.030 |
5 | 18286 | 4.020 |
14 | 63953 | 4.010 |
6 | 58369 | 4.000 |
Price($) | Vol. | No. |
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4.050 | 99335 | 7 |
4.060 | 49934 | 6 |
4.070 | 81699 | 9 |
4.080 | 63758 | 10 |
4.090 | 6967 | 2 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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