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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

Post by Dale327845on Mar 07, 2024 9:58am
71 Views
Post# 35920283

Short Covering

Short Covering
Post by mercedesman on Mar 06, 2024 9:12am

Short covering ? Or Gold price up ?

As of Feb 29th reading - short covering on EDV hadn't really started. 

 


I suspect it'll be ramping up once they realize the lawsuits are non-starters 

All time closing highs above $2100 is encouraging - especially for the producers that: pay dividends, are executing on buybacks, are about to ramp up production, and who have their costs under control. ( I dunno like say Endeavour?) 

Nice bump off the bottom. 

A rotation into this long forgotten sector  could be huge.


For 2024 I'm anticipating a mini-run, followed by a recessionary correction on everything, followed by a major new bull market for gold and gold equities once the interest rate easing phase begins. 


glta


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