RE:RE:Voted overwhelmingly............Don't worry about retail investor buying: it's the FTSE100 index trackers who will have to buy, and I'm sure, institutions will follow too.
I've been doing my best to make UK investors aware of the Endeavour story and gave a presentation to a group of my investing friends a little while ago.
Dividends have already started (went xd US$0.37 yesterday) - and may increase once they hit the $250m net cash target, which I expect around the middle of this year. We can expect an interim dividend announcement around that time.
That's why I've been adding CFD long positions recently, to supplement my direct equity holding - there are a heck of a lot of catalysts over the next 6 months.
1st catalyst is the Q4 ops update, which I expect next week.
One more catalyst I hadn't thought of/mentioned previously: it was in late 2016 that Endeavour set out a 5 year exploration plan, to discover 10-15Moz over that period (which it has achieved). Following the SMF and TGZ takeovers, it will be time to review the myriad new & existing explo. targets and come up with a strategic explo. plan for the next 5 years. I expect that to be presented at some point this year - and highlight the potential for organic growth and mine-life extension.
Now we just need the gold price to hold up!
Cheers,
Mark