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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 16, 2014 5:00pm
322 Views
Post# 23237459

This baby is going down !!

This baby is going down !!EDV made a new all time low today. Not a 52 week low but a new all time low. That is a sign of trouble. The volume was also above average at more than 2 million shares. This is not tax loss selling, this is something much worse. The total silence by the management is proof that all is not well at work. This knife keeps falling and not done falling yet. Now that it has fallen through 42 cents, its all time support level, the next logical step is 35 cents, then 30 and then my target of 25 cents. I am confident that 25 cents or lower will come as the powers that be will bring the market cap below $100 million. At that level, EDV becomes a nice takeover target. Needless to say, management is going to stand on the sidelines and let the shareholders get shafted. Then they wonder why they cannot raise money !!. This stock has lost 90%. + of its market cap in last 2 years. What is the big deal if it loses another 8-9%. Now that will be a good price to sell for tax loss reasons. Hahaha.
Bullboard Posts