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EVN - Evolution Mining
Last edited by elZorro; 14-03-2012 at 08:05 PM.
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Bought into these guys today. Basically at 12 month lows. They have a smart management, reasonable costs & good sized (420k) production. They also have 140k of hedging at A$1600 so a good cushion if the POG reverses. Market cap around $375M and they should clear around $180M in cashflow not including capex spend. Net of capex should make somewhere close to $100M. And they even pay a dividend !
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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HI Daytr; are you reasonably confident of missing falling knives; some technicals giving you confidence? Ive been sitting on the sidelines wondering when /if to average down on my Goldies.
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Evn
I was going to comment on EVN this morning before the open. However it has gone up another 18 cents today now at $2.95 for a 6.5% rise on the day. POG still strong and fortunately Skol has been banned or he would have been going "parabolic".
Last edited by airedale; 06-07-2016 at 05:00 PM.
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Well that's what stops are for. Its at 12M lows & basically I'm willing to risk 5-10% to make what I think could be 25-75%.
Its a bit of a gold play as well as I think gold may have a good run into the end of the year. I like the way gold has been trading in the last 2 weeks or so, it looks relatively strong.
But I also like the hedge they have in place, it gives them basically on average A$75/ounce premium on their entire production.
I've known the CEO for about 12 years, he's a smart bloke & his decisions in running EVN & SINO prior are evidence of that.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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Thanks for that Datyr and a real good edge/ advantage knowing and having confidence in CEO, good to know.. Unfort my ASB account doesn't have trailing stops and i can't be bothered or forget to reset it daily. Also have to log in continualy all bloody day so am looking for another platform. cheers JT
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Yesterday saw an usually high volume of 161 million going through with a value of almost 1 billion dollars.Up 4.3 % to $6.10
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I'm trading CFDs through Trade Direct365, it has a few issues, but its pretty good & the cost of trading is very reasonable.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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Another stock that I flicked in & out of last week for a great profit & like RSG its lower than where I bought in last time.
These guys are purely A$gold production and with Aussie gold a lot higher they will be doing very well. SP certainly isn't picking up the rise in AUD.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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For longer term investors ; food for thought
EVN MD remuneration package is over $2million mkt cap re $346mill
NST MD package re $900,000 mkt cap re $633 mill Fantastic management
RRL MD package re $650-$700,000 Mkt cap$717 mill
SBM Remun MD package $1 mill plus mkt cap re $35 million!!!! oink oink
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