EVN 0.39% $5.12 evolution mining limited

I was never a fan of increasing copper exposure, I would have...

  1. 12,441 Posts.
    lightbulb Created with Sketch. 5167
    I was never a fan of increasing copper exposure, I would have preferred more gold assets. Anyway, that is what management are paid the big bucks to do apparently. Maybe wanting to diversify? Personally, I see gold holding strong for many years. Our world is showing no signs of getting any better on both a geopolitical and economic front. We are way too divided globally and the more BRICS rise, and the more developing countries start to trade away from the USD, the more the gold price should improve. I am holding strong in EVN, but from a pure gold exposure perspective there are much better picks out there. RSG is looking absolutely primed to perform seeing as they have no hedging in this environment. I am also becoming more bullish on African producers, since the geopolitical risk is already factored into most companies due to their lagging in recent years. They also generally have lower AISC and lower labour costs. Regardless of what you think of our 'enemies', Russia and Chinas influence is growing in Africa. Whereas the USA, France, UK etc are getting kicked out of most of Africa. The gold bulls/buyers now have access to the gold land. That can only be positive for the gold price IMO.
    Last edited by coto: 17/07/24
 
watchlist Created with Sketch. Add EVN (ASX) to my watchlist
(20min delay)
Last
$5.12
Change
-0.020(0.39%)
Mkt cap ! $10.18B
Open High Low Value Volume
$5.12 $5.18 $5.09 $23.58M 4.586M

Buyers (Bids)

No. Vol. Price($)
3 101221 $5.12
 

Sellers (Offers)

Price($) Vol. No.
$5.14 25776 1
View Market Depth
Last trade - 16.10pm 05/11/2024 (20 minute delay) ?
EVN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.