Evision, Just taken a look at EER and was intrigued. Market cap...

Evision,

Just taken a look at EER and was intrigued.

Market cap is not $5m, there are 356m shares in issue, but only 166m quoted, but doesn't mean the 356m are worthless.

Buying is around 3c so value is around $10.5m market cap. They also have debt of $14m so on an EV base the value of $25m.

Resource looks quite good, but EER also need cash or they will continue generating debt. I like the resource but don't have shares in them, will have a think, but I don't usually go for companies that go for debt just to appraise etc, I like debt for development but not for appraisal work.

I'll keep reading but will sit tight at the moment.

For MOZ I think theres good short term upside once drilling begins. At $2m theres plenty of upside.