EVN - Evolution Mining

[divs4ever]

as i read it EVN is trying for extra synergies with existing projects in the area

so while the acquired mines might currently have elevated costs ( under NST ) , EVN is hoping to shave pennies ( maybe dollars ) by having personnel and machinery that can be interchanged at short notice between mines ,( in the area )

who knows what other synergies will apply ( say bring in an entire planeload of workers each shift and score a discount )

 

[rederob]

Yes, it shows support at $3.90.
So the SPP at $3.85 looks good value ATM while POG holds over $1800.
As I am a gold bull in this debt laden world it will be a hard decision to sell ANY gold shares going forward.
EVN's downside is largely due to its strong returns being over a year away, when the full scope of their many projects are sharing more evenly in the company's bottom line.

Gold price was smashed over recent trading sessions, and EVN took a nosedive on open this morning:

Bounced off a low at $3.94 this morning so support was not breached.
I will see what happens overnight, and will buy into the SPP at $3.85 max if POG continues to climb.

 

[divs4ever]

have an order in for $3.68 just in case EVN dips below the offer price

dips aren't all bad IF you have faith in the business ( that having faith can be the hard bit )

 

[Miner]

EVN has dived lesser than other gold stocks. Look at WAF, SBM, NST.
I will buy more if price goes below $3.85 or SPP whichever is lower before the closure of SPp.
Dyor

 

[divs4ever]

EVN has dived lesser than other gold stocks. Look at WAF, SBM, NST.
I will buy more if price goes below $3.85 or SPP whichever is lower before the closure of SPp.
Dyor

as will i , am watching NST also , but i am thinking sub $9 for my next buy ( and that MIGHT be a fair wait )

 

[finicky]

I shut out opportunities today as raising cash is primary in my plan. Waiting for the bust. Goldies to get hit much like anything else if it happens but might recover faster. Would only buy EVN at a price lower than 3.85 anyway. If buying anything now I think cash and debt status of the company should be given weight.

 

[divs4ever]

M&A activity in my portfolio strongly suggests i have more cash coming ,even if my sell ( or reduce ) orders don't activate

am not RUSHING in any direction but discounted gold producers , APPEAR to have earning capacity going forwards

but indeed outstanding debt will be a biggie ( imo )

 

[Miner]

Today's result announcement is a disappoint to me. People who yet to make a decision on SPP at 3.85 will probably stay out to see market price today.
I thought evn was a great go.

 

[mullokintyre]

Today's result announcement is a disappoint to me. People who yet to make a decision on SPP at 3.85 will probably stay out to see market price today.
I thought evn was a great go.

Management needs a shakeup.
What is the first item in the FY21 highlights in the report?

Public commitment to transition to “Net Zero” greenhouse gas emissions by 2050 (scope 1 and 2) and a 30% reduction in greenhouse gas emissions by 2030

And in the opening paragraph of the report

Evolution has always put environmental and social concerns at the forefront of our operations. We have now publicly committed to bolder, more tangible action as we align our business with the commitment to transition to “Net Zero” greenhouse gas emissions by 2050 (scope 1 and 2) and a 30% reduction in greenhouse gas emissions by 2030. Evolution continues to be recognised for its Sustainability performance, receiving a sector leading rating of ‘AA’ in the MSCI ESG Ratings assessment.

I just wish they would concentrate on the job they are paid to do - maximie returns for shareholders.
Will join the exodus from EVN today.
Mick

 

[Miner]

Management needs a shakeup.
What is the first item in the FY21 highlights in the report?

And in the opening paragraph of the report

I just wish they would concentrate on the job they are paid to do - maximie returns for shareholders.
Will join the exodus from EVN today.
Mick

100 pc agreed .
I already sold at $4 plus to conserve cash for spp and unfortunately part committed to spp due to last date . So sucking my thumb.

 

[bsnews]

Well I don't know really is it all that bad in todays COVID world?
Not sure, I will hold on to what I have and still take up the SPP offer.
I still am of the believe that if not for the Fed and there minipulation of the market gold
and gold producers would be up way more then they are ATM.
Time will tell.

 

[divs4ever]

for those interested EVN is testing support around the recent SPP level

is currently at $3.84

DYOR

 

[divs4ever]

i finally bought the extra EVN on Monday @ $3.72 , not the best price in the current cycle , but a nice discount to the $3.85 offered in the SPP ( which translated to extra shares bought than through the SPP )

given the SPP price couldn't hold and the next 12 months of reports shouldn't look too exciting ( costs eaten up with the new acquisitions )
AND a world desperate to keep the US dollar from being trash therefore using gold futures to suppress the gold price

i am looking for more EVN in the $3.25 to $3.50 range although sub $3 wouldn't break my heart

thanks to the pathetic NBN on the day i tried to participate in the SPP , i ended up buying on market ( at a nice discount even after the brokerage ) after selling down @ $4.35 to take up the SPP ( one of my 'flips' that didn't go so smoothly )

i don't expect EVN to rocket in the short term , but as the rest of the economy implodes , solid gold producers should do OK ( because the Indian masses LOVE gold and they are the next coming super-power , especially if they keep on seizing Afghan opium cheap legal drugs for them after they reprocess it )

 

[mullokintyre]

Good luck with that Div4,.
I still think that gold shares will get crunched along with everything else in the next big crash, but I will have EVN on my list of buys.
Sub would be fantastic.
Mick

 

[divs4ever]

Good luck with that Div4,.
I still think that gold shares will get crunched along with everything else in the next big crash, but I will have EVN on my list of buys.
Sub would be fantastic.
Mick

i think so too

but where else ( than solid PM companies ) do you park your cash , the bank ( not for long , in my book ) bot even EXTRA bank shares , bonds ( not now defaults are becoming more common )

hopefully my stocks will pay enough currency to sustain my frugal lifestyle , sure stock prices will probably go lower as those over-leveraged are forced to reduce debt , BUT maybe i will still have some reserve cash , to take advantage of that as well

i am still looking for companies likely to SURVIVE that crash ( if they double bag before the crash , out comes the investment cash , ready to nibble something else , but still retaining some of those shares )

 

[Greynomad99]

i think so too

but where else ( than solid PM companies ) do you park your cash , the bank ( not for long , in my book ) bot even EXTRA bank shares , bonds ( not now defaults are becoming more common )

hopefully my stocks will pay enough currency to sustain my frugal lifestyle , sure stock prices will probably go lower as those over-leveraged are forced to reduce debt , BUT maybe i will still have some reserve cash , to take advantage of that as well

i am still looking for companies likely to SURVIVE that crash ( if they double bag before the crash , out comes the investment cash , ready to nibble something else , but still retaining some of those shares )

You should have a look at mortgage funds. You can find contributory mortgage funds that lend only about 65% of the sworn value of metro residential properties while paying a monthly yield of about 6% - 7%. Nothing is risk free but hard to lose at those lending ratios. Some funds don't provide regulated consumer mortgages, thereby reducing investor risk to recovery restrictions. With contrib mortgages the investor gets to pick which mortgaged property backs his specific investment. While I have no financial interest in the Fund (and not recommending an investment) I do act as one of their external compliance committee but you could look at www.millbrookgroup.com.au as an example of what that type of fund offers.

 

[Sean K]

You should have a look at mortgage funds. You can find contributory mortgage funds that lend only about 65% of the sworn value of metro residential properties while paying a monthly yield of about 6% - 7%. Nothing is risk free but hard to lose at those lending ratios. Some funds don't provide regulated consumer mortgages, thereby reducing investor risk to recovery restrictions. With contrib mortgages the investor gets to pick which mortgaged property backs his specific investment. While I have no financial interest in the Fund (and not recommending an investment) I do act as one of their external compliance committee but you could look at www.millbrookgroup.com.au as an example of what that type of fund offers.

Is this a Mortgage Backed Security type thing?

 

[divs4ever]

i have a fair amount of REITs , fairly diversified across the sector , but i have stocked up on them as bond substitutes

i would have preferred more industrial sheds , but with all the virus fallout , i am half tempted to bias towards more rural land ( i hold RFF and D2O )

i hold a fair few APE which as major holder declares he is really a frustrated property developer , maybe the switch to EVs would allow many properties to turn into a showroom at ground level and office or residential at higher levels , after all many owned properties are on prime locations

 

[Greynomad99]

Is this a Mortgage Backed Security type thing?

No its not securatised debt. It's like the old solictors loans of days gone by. The fund manager finds someone needing a loan, assesses the loan as to its credit-worthiness and then finds investors to put up the loan amount. The Fund Manager holds the mortgage over the property and manages the debt, collecting repayments and paying interest to the investors. The manager has to hold an AFSL issued by ASIC and adhere to ASIC's regulations re managed investment schemes. The Fund I mentioned before has never lost $1 of investors money in 14 years (although that doesn't mean they won't in the future). Loans are about 12 months on average so investors money is not tied up for long periods of time but no right if withdrawal prior to the borrower repaying the loan (or if they default, before the manager sells the property).

 

[Sean K]

So, @divs4ever made me look at this more closely because he picked it in the monthly comp, where you're supposed to pick 1c stocks.

Why has this tanked so much? Doesn't look right.