ESM Cash - UK's leading investment gold funds - Ruffer LLP
25.02.2020, Euro Sun recently completed a round of financing of $ 3.3 million at $ 0.29 per share, raising fresh capital for the 2020 work on the project. So far, so unspectacular. It becomes interesting if you look closely at who the capital injection comes from. Because the entire placement was taken over by one of the UK's leading investment gold funds - Ruffer LLP! The British even exceeded the reporting threshold of 10%, which, in our opinion, is once again a sign of confidence in Euro Sun. In addition, Ruffer is considered a long-term investor and has so far almost exclusively invested in larger companies in the sector ... This means that the company can now take on the tasks of 2020 in peace. Euro Sun wants to take the Rovina Valley project a decisive step forward this year. After the extensive preparations carried out in 2019, a bankable feasibility study is to be created in 2020, which will include numerous comparative studies to optimize the project. Accordingly, the new study should also include the planned opencast mine on Rovina, after mining to Colnic. Which means that Euro Sun will describe a much larger project in the feasibility study than in the PEA from last year. In parallel, the company is working on the so-called urbanization certificate, which consists of the EIA (Environmental Impact Assessment) and a reallocation plan. With good news and a (probably) still high gold price, which makes the Rovina Valley project considerably more profitable, this could lead to a significant price recovery. We will continue to report. Read more at: https://www.wallstreet-online.de/nachricht/12204467-goldinvest-de-britischer-goldfonds-europaeischem-goldprojekt