I doubled my EVN stake today, selling PRU to fund the transaction. PRU has run very nicely. EVN has been smashed. I can see no good reason for EVN's poor performance. I have confidence that the Red Lake transaction will be shown to be very profitable over a 3-5 year time period. Current operations are all performing pretty well. At the current gold price, EVN will be able to pay down the loan to acquire Red Lake in about 3 years, well ahead of their published schedule. It also seems to me that whatever La Manche is doing, selling shares to fund call spreads, it can only have a positive effect on the EVN share price when the calls are exercised.
Cheers,
Tim.
Price action, page-105
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Last
$4.69 |
Change
0.050(1.08%) |
Mkt cap ! $9.329B | |||
| Open | High | Low | Value | Volume |
| $4.66 | $4.77 | $4.66 | $53.44M | 11.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5143 | $4.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.70 | 86488 | 4 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| EVN (ASX) Chart |