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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. The Mana Mine is located approximately 200 kms west of Ouagadougou, the capital of Burkina Faso. The Sabodala-Massawa Mine is approximately 640 kms southeast of Dakar, the capital of Senegal. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.


TSX:EDV - Post by User

Bullboard Posts
Post by bustarhymeson Dec 12, 2014 3:38pm
236 Views
Post# 23225529

No Bottom in Sight...

No Bottom in Sight...EDV continues on its downward trajectory today with now 5 trading days down in a row. It is losing an average of 2 cents everyday. At this pace, it will hit low 20 cents by end of December. Don't buy it yet. As a good trade, sell it here and buy it 30-40% cheaper at the end of December. Too many funds still need to offload for tax loss selling. Some will wait till the last trading day of the year. Same as 2013. This is a P#S stock anyways and nothing is expected from the management for the next little while. No news and stock will keep on drifting lower. It amazes me how people are still putting in bids at this level. Just pull the bids and see this house of cards collapse. So many are wanting to get out of this everlosing investment.
Bullboard Posts