Ann: Macquarie Conference Presentation, page-5

First 5 Last

Share
Profile

Follow
daicosisgod

12,889 Posts.

1357

10/05/24

07:27

Post #: 73754253
Share
Originally posted by Exised ↑

Did you seriously go through that presentation and that is the conclusion you got at? Personally I doubt that is the case. In fact I know for a fact that EVN took on debt partly for the poison pill reason of keeping TO suitor away. People need to stop thinking of the quick gains and start looking at EVN as a serious LT investment. Own EVN because you want to own it. It does not make sense to own something because there is a slight chance someone else may want to own it.

Looking at a massive 244,371 ounces in June quarter to make 749,000 oz FY24.... I'm cautiously optimistic at 725koz
Post #:
73646374
.

Even at my conservative 725koz, cash generation would still be amazing at current Au and Cu prices. It will mean a lift in earnings per share for EVN from 19.7c to 22.7c in FY2024. FY2025 29.2c to 35.8c EPS if Cu and Au prices stays at current levels FY25. To put that into perspective Operating EBITDA would peak at $1.78b in FY25, more than double 2023 levels. The net debt would also fall to $1.2Bn or 40% Debt to Equity.

For me there is renewed optimism in my EVN holding even if they miss guidance for FY24. I will be taking advantage and buying more on any price weakness on the back missed guidance. FY25, if current Au and Cu stays at these elevated levels and EVN hits 35.8c EPS then at $4.50 a pop EVN is only trading at 12.56 PE and that is historically cheap for EVN. $7 a pop would bring it closer to historical average of 18 PE.

Expand

Received a note on ASX gold stocks overnight from Livewire. Its article on gold stocks has this rating from broker Citi.

THE BROKERS’ TOP ASX GOLD STOCK PICKS

Evolution Mining (ASX: EVN)

Broker: Citi

Rating: Buy | Price Target: $4.50

EVN is the broker’s preferred pick after assessing ASX gold sector’s March quarter results
EVN Price at posting: $3.79 Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA