RE:RE:Endeavour pivots to exploration to shake 'M&A junkie' imageDon't see why there should be unease about acquisitions at a time of high gold prices, when the acqusititions were made using shares (valued based on the same high gold prices), not cash.
I fully support the CEO in these acquisitions but agree that "enough is enough" and we now have to see what the acquired assets and synergies bring. Based on latest guidance, what they bring looks very good.
A key point about both acqusitions is that they help lower group AISC, as well as adding production, and exploration and development potential making EDV more resilient if gold declines.
We started 2020 with only two high-quality, long life mines. We now have six. I'm a happy shareholder (but disappointed with the market reaction, so far).
Cheers,
Mark