Endeavour Mining plc T.EDV

EDV getting caught up on their share buy-backs

[mercedesman]

Recently filed.

December buy-backs about 1.4M shares

January just under 1M shares.

Somewhere around $ 65-70 M CAD expended.

Not exactly chump change.

We will benefit as the EPS improves down the road, not just through higher PoG or more OZ pulled out of the ground.

MM

[biker222]

If you step back- its quite impressive the portfolio of "low cost to mine " assets. This cash cow can slowly buy back shares....give a nice dividend......but sooner or later the gold price will rock ( for reasons this vet currently cant see). But the execution on the ground is real. If gold ever does rock past 2000 usd.....it will take some discipline to sit on your hands. interestingly

[mercedesman]

Agree on all counts. Sawaris. Except that I suspect that I might know the reasons Gold MUST go higher (eventually)..and why it is virtually a GIVEN. Rising Inflation vs. low interest rates = negative real returns. negative real returns = loss of purchasing power over time (why lend $ to get back less $ value over time?). protection comes in the form of a non printable "real" tangible