EVG

5.88%

1.8¢ evion group nl

EVION GROUP GENERAL DISCUSSION, page-949

First 949 Last

Share
Profile

Follow
Shellbell

7,760 Posts.

3304

26/05/24

20:15

Post #: 74015624
Share

Originally posted by Cranium73: ↑

Hey SB.
From my layman's perspective, the new code is a fantastic step forward for Mada and their desire to be recognised as a global player. We will discover more as time goes by, but I'm sure we can assume it will be a big improvement. The poor governance, moratoriums on mining licenses and certain exports (e.g. gold), lack of transparency, corruption, etc have all hindered progress for Madagascar and it's people. It appears that the new code is aimed at addressing many of the negatives.

The new code will go a long way in improving Madagascar's EITI score (see below), which will in turn enhance EVION'S ESG credentials.

As far as I am aware, the corporate tax rate is to remain at 20% (and I believe royalties are tax deductible). However, I think you are mistaken as regards the royalty rate. It is actually increasing from 2% to 5% (which can be discounted by up to 30% if products are "transformed" - albeit there's not much clarification on what "transformed" actually entails). I note our DFS had assumed the old royalty rate of 2% which will impact our numbers slightly.... but the OPEX AND CAPEX savings from the upgrades to RN10 will far outweigh this IMO.

I was obviously attracted to BEM when I first started buying shares here, but it's fair to say, I love this stock and I think the stars are close to aligning. Obviously this is my opinion and not financial advice.

Good luck to us all.

https://eiti.org/news/madagascar-achieves-fairly-low-score-eiti-implementation

Expand

Sorry, yeah, 3.5% royalty with benefication and 0% battery charge for SB. Even a 5% standard royalty rate compares favourably to what other African govts impose.

EVG Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

3DP

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

RCE

Recce's R327 found effective against E.coli during clinical trial

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

There are more pages in this discussion • 126 more messages in this thread...

First 949 Last

Add EVG (ASX) to my watchlist

(20min delay)
Last 1.8¢		Change 0.001(5.88%)		Mkt cap ! $6.227M

Open	High	Low	Value	Volume
1.7¢	1.8¢	1.7¢	$3.939K	219.3K

Buyers (Bids)

No.	Vol.	Price($)
1	169242	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	525271	2

View Market Depth

No.	Vol.	Price($)
1	169242	0.018
1	300000	0.017
6	959391	0.016
5	405000	0.015
2	62500	0.014

Price($)	Vol.	No.
0.020	525271	2
0.021	105000	2
0.022	100000	1
0.023	1011780	1
0.024	150000	1

Last trade - 15.50pm 28/06/2024 (20 minute delay)

EVG (ASX) Chart

EVION GROUP GENERAL DISCUSSION, page-949

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Ava Risk Group expands US presence with A$0.7M Substation Deal

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Recce's R327 found effective against E.coli during clinical trial

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

EVION GROUP GENERAL DISCUSSION, page-949

Top Stories

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Ava Risk Group expands US presence with A$0.7M Substation Deal

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Recce's R327 found effective against E.coli during clinical trial

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News