EVN 3.07% $4.11 evolution mining limited

Ann: Share Purchase Plan, page-38

  1. 5,495 Posts.
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    I think any shorters (if existing) from yesterday will get out quick smart; SPP will only issue 13 mill shares ($50 mill total at 3.85); the institutional shares have been on market since 28 July; they had fair chance to make their profit by selling at 4.20; so they will not dump any more

    the wee retailer (13 mill shares) is less than 2 days volume, so they cannot fill a shorter cover

    so, I am guessing any SPP guys will hold (I know I will, even if I get all $30k); and I guess there will be heavy market buying between $4 and $4.10 to get set at this bargain price (incl dividend) this week; and next week (post divie) will be all about finding a price based on POG and EVN fundamentals;

    now when you consider EVN was over $5 a few months ago at a POG below where we are now - it does lead one to think based on POG and fundamentals, this should trend up strongly (note: I can be wrong... there is a first time for everything)

    when do we officially know our allocation?
 
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Last
$4.11
Change
-0.130(3.07%)
Mkt cap ! $8.173B
Open High Low Value Volume
$4.17 $4.17 $4.09 $26.92M 6.539M

Buyers (Bids)

No. Vol. Price($)
6 21243 $4.09
 

Sellers (Offers)

Price($) Vol. No.
$4.11 454417 7
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