There seems to have been a lot of selling in EVN in the last week by a big seller. Looks like the buyers are coming in and going to take this through $1.50 hopefully on a permanent basis. With the current price of gold near $1600 AUD their free cash flow should be around 130 million for the quarter if they reach the upper level of their production targets which is a 30% increase in cashflow going forward. Believe we should see $2 in the coming few months if gold stays at these levels or rises just slightly. EVN is by far my largest holding and with around 35% hedged at $1600 for the next 2 and a half years there is little risk unlike a lot of other stocks at present.
There seems to have been a lot of selling in EVN in the last...
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Last
$3.98 |
Change
0.060(1.53%) |
Mkt cap ! $7.883B | |||
| Open | High | Low | Value | Volume |
| $3.98 | $4.02 | $3.95 | $33.44M | 8.392M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 17999 | $3.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.99 | 164821 | 49 |
View Market Depth
| Last trade - 15.53pm 17/07/2024 (20 minute delay) ? |
| EVN (ASX) Chart |