EVN 6.93% $4.32 evolution mining limited

Ann: June 2021 Quarterly Report, page-16

  1. 6,253 Posts.
    lightbulb Created with Sketch. 2953
    I'm pretty much used to it by now. Mr Markets bi-polar is getting worse.

    Good quarter not fantastic but good.

    If I was to nitpick a negative then it is that the forward guidance have been revised lower than anticipated.
    https://hotcopper.com.au/data/attachments/3367/3367377-d3d20fb4baea8bc73138ad29de537534.jpg
    Original guidance below (amber highlight). So in FY22 we are losing 30,000 to 40,000 ounces and FY23 40,000 ounces. This is not an operation/production issue. The only logical explanation for this is that we are selling Mt Carlton sooner than expected (see green highlight below). Which is not totally unexpected to me...
    https://hotcopper.com.au/data/attachments/3367/3367476-494f68eaaf3500a466899cd34d2ba0eb.jpg
    Happy to hold this cash cow regardless of what Mr Market thinks today. I will be adding more if we visit the green trend line.
    https://hotcopper.com.au/data/attachments/3367/3367494-812ffe5cbc42b5fcd74e6b63c265ba4a.jpg

    Last edited by Exised: 16/07/21
 
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