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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining PLC is a gold mining company with operating assets across Senegal, Cote d'Ivoire and Burkina Faso. It has a portfolio of advanced development projects and exploration assets in the Birimian Greenstone Belt across West Africa. It operates Hounde, Ity, Mana, and Sabodala-Massawa Mines. The Ity Mine is located approximately 480 kilometers (km) northwest of Abidjan in southern Cote d'Ivoire. The Hounde Mine is located approximately 250 km southwest of Ouagadougou, the capital city of Burkina Faso. Its projects consist of Lafigue Project and Others. The Other projects includes Kalana, Bantou, and the Nabanga Project. The Kalana Project is located approximately 250 km south of Bamako, the capital city of Mali. The Bantou Project is part of the Dynikongolo permit which is located along the Hounde Greenstone Belt that hosts both the Mana and Hounde mines. The Nabanga project is an early-stage project which consists of three exploration permits covering 178.5 square kilometers.


TSX:EDV - Post by User

Comment by matt2018on Jan 10, 2024 7:38pm
150 Views
Post# 35820548

RE:RE:RE:More De Montessus info (and rebuttal)...

RE:RE:RE:More De Montessus info (and rebuttal)...Lets be honest and call this out for what it is.
Gold is still over $2000oz.  Other gold stocks I own are off from their highs from a few weeks ago but still hovering not far from 52 week highs. 
This stock hit a 52 week low today and not far from 3 year lows.  Look at the chart.
Dont compare it to other gold stocks because that point is not working for this name anymore.
Looks to me like some investors (perhaps a fund or two) want out at any cost.
This trading action is troubling.  All for a potential $5M mis-directed payment?



mercedesman wrote:

No surprise the board negative Nellie is jumping all over this. 

Gold equities still waiting for a POG breakout.... which is waiting for the next round of easing by the USFED, which is waiting for more evidence of the pending/imminent economic downturn/recession. 

Gives Endeavour some time to find an experienced Gold Mining exec. that wants to run a top 10 producer. Alternatively a major could be invited to make an offer for a 2M oz producer. 

My sense is that Sebastian was a bit over his head. Decent Manager but a lot of what was put in place including M&A activity was executed by the former CEO Neil Woodyear and or the major SH'ers.

MM 



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