RE:Preaching to the Choir As I commented there, it absolutely baffles me why EDV should trade at only 2/3 the value metrics of B2 Gold. The Phillipines and Mali deserve to be considered superior to Burkina and Cote d'Ivoire?
What???
Yes templetooth2, I have also wondered that many times. I bought B2 a dozen years ago when it was 60 cents, so I have nothing bad to say about it. It has funded a good part of my retirement over the years. And it does have great managment. And it is churning big cash these days, kinda like Endeavor will be soon.
But I think EDV share price at the moment is reflecting the fact that there will be a bunch of new shares coming soon, with the merger. When they announced the Teranaga merger , I estimated the share count would go to 260 million. Not sure how accurate that is. But if it is somewhat accurate, and if the EDV share price post merger is say $30, which it seems to want to go to, than the market cap would go to $7.8 Billion. B2 MC is $6.8 B at the moment, but a little while ago was $10 B.
That said I think an argument could be made that EDV will be worth as much as twice B2 post merger, with all the mines humming.
A fairly long time I sold most of my B2, keeping a little for nostalgic reasons, and bought EDV. And K92. K92 looks like it is finding a Bre X sized deposit in , yes, Papua New Guinea.