EVN 2.56% $3.62 evolution mining limited

Ann: March 2024 Quarterly Report, page-16

  1. 11,083 Posts.
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    Finally a decent quarterly! I am stoked and I am sure everyone else is! A shame for those who sold yesterday predicting a poor quarterly but IMO it is still cheap as chips and you have only lost 7% with that error. I am predicting the momentum to continue all throughout the quarter IMO. Gold prices should stay buoyant as the economic and geopolitical issues are not going to change and improve anytime soon. I am unsure about copper prices... they may be up and down but a reversal is definitely well in play. By all accounts there is a global copper shortage so we should expect it to rise but stranger things have happened in recent years! I am happy that management have improved production and kept a lid on most costs, the wet weather also did not have much of an effect on operations as many expected. Overall, a massive result and I would have thought a 15% gain day at minimum. These additional share price rises will probably flow through and be delayed in the next couple of weeks as we approach $5. A lot of the institutions, super funds etc have to start taking more notice now after this release! As more enter, the momentum will only increase. Good luck everyone.
    Last edited by coto: 17/04/24
 
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