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0.4¢ ev resources ltd

Ann: Further High Grade Copper, Molybdenum, Silver Drill Results, page-20

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Syd60

395 Posts.

28

11/07/24

08:33

Post #: 74700871
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Originally posted by twd314: ↑

I'm abit lost as to why the sp is down. SP took a huge loss with large volume turn over in march (about 92mill shares+/ 9-10% of register). The trend has continued with less an less shares each month. Sort of indicates a player moving out. A share registery was released by the company in feb. Would be interesting to see who is on it now.

If they need money they do not need to dilute the soi by traditional means.
EVR has a 40mill loan facility last I checked. They could draw on this an potentially buy back shares to raise the sp for EVRO options to be triggered.
EVRO options would raise about $4.86million for the company (108milion on issue with an excersie price of $0.045). Much better than any capital raise would offer.

As of today, there is 25million shares up for sale up to a price of 1.5c on westpac with an average price of about 0.86c. This would cost the company about $220k and inject funds through the options with the ability to pay back the loan.

Am I over looking anything? Is that legal?

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There is no way I am going to exercise my options. They have no given any confidence that would make that a sane choice.

EVR Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $5.585M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$26.57K	6.644M

Buyers (Bids)

No.	Vol.	Price($)
19	12310000	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	1634579	3

View Market Depth

No.	Vol.	Price($)
19	12310000	0.003
10	10494963	0.002
6	14268004	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	1634579	3
0.005	3778698	13
0.006	7196231	12
0.007	6970714	10
0.008	1715519	5

Last trade - 10.47am 04/10/2024 (20 minute delay)

EVR (ASX) Chart