EVN 2.21% $4.62 evolution mining limited

Net debt of $1.2bil... another $500-600mil capital expenditure...

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  1. 2,434 Posts.
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    Net debt of $1.2bil... another $500-600mil capital expenditure forecast for FY 23... with these sort of numbers I cant see much significant gains in the SP... So at the moment we looking at a company with enterprise value $5.5bil which is marginally profitable... Personally I feel there is more downside due to high debt, lower copper gold price, high deisel costs, Red Lake remains a ? if it ever can make a dollar.. There are better value elsewhere than buying something with multiple issues at the moment which not going to solve themselves in the near term..
 
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