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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
Comment by jdn55on Jun 09, 2015 12:08pm
239 Views
Post# 23811255

RE:Cormark M & A Playbook

RE:Cormark M & A PlaybookIMO I can't see EDV doing anything on the acquisition front for at least 18 months unless it's a cash acquisition but EDV doesn't have a lot of cash and most deals are paid for in shares. EDV needs to de-leverage so they get a better valuation before they consider using shares as currency or they'll dilute themselves into oblivion. EDV has got plenty of internal growth opportunities as well. If anything I see EDV becoming a takeover target themselves given they are so undervalued. EDV is a great buy at present as long as management continues to execute. GLTA
Bullboard Posts