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Erdene Resource Development Corp T.ERD

Alternate Symbol(s):  ERDCF

Erdene Resource Development Corporation is a Canada-based resource company. The Company is focused on the acquisition, exploration, and development of precious and base metals in Mongolia. Its principal development is the Bayan Khundii Gold Project, located in Bayankhongor province, Mongolia. Its other projects include Altan Nar Gold Project, Dark Horse, Ulaan, Zuun Mod, and Khuvyn Khar. The Bayan Khundii Gold Project is located in Bayankhongor province in Mongolia and is comprised of the 2,309 hectares (ha) Khundii mining license. The Altan Nar Gold Project is located in Bayankhongor province in Mongolia, approximately 16 kilometers (km) north of its Bayan Khundii Gold Project. Dark Horse (Khar Mori) gold prospect is situated on the Bayan Khundii license, about three km north of the Bayan Khundii project. The Ulaan exploration license covers an area of approximately 1,780 ha, immediately west of the Khundii mining license. The Zuun Mod property is located in Bayankhongor province.


TSX:ERD - Post by User

Post by R_J_on Nov 01, 2020 7:00am
235 Views
Post# 31819739

End of Month - October 2020

End of Month - October 2020End of the Month (EOM) report for October 2020 for Erdene Resource Dev Corp
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ERD.TO closed on 10/30/2020 at C$O.44                  
ERD.TO closed on 09/30/2020 at C$O.64                                                                                         
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This is a 31.3%, a 20-cent, loss for October.
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Indexes
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Junior Gold Miners ETF [GDXJ], @ US$53.21, lost 3.9% in October. [12.0% above its MA(200) @ $47.50]                

Gold, @ US$1,879.90 lost 0.8%, or US$15.60, in October. [6.0% above its MA(200) @ $1,773.77]

Silver, @ US$23.65, gained 0.7%, or US$O.16, in October [18.2% above its MA(200) @ $20.01]

S&P 500 Index, @ 3269.9 lost 2.8% in October. [4.5% above its MA(200) @ 3129.4]
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Two Hundred Day Moving Average [MA(200)] stuff.
ERD.TO's MA(200) ended October at C$O.35
ERD.TO is 25.7% above its MA(200).
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ERD.TO News Releases in October.
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October 26, 2020
Erdene Intersects High-Grade Gold in Maiden Drilling at Dark Horse Prospect
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https://dltkyhzg7evud.cloudfront.net/assets/files/4228/epr.pdf
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October 13, 2020
Erdene Announces Conversion of EBRD Convertible Loan and Provides Bayan Khundii Gold Project Update
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October 1, 2020
Erdene Intersects High-Grade Gold at Bayan Khundii Project Confirming Resource Expansion Potential
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Who is the Big Cheese at ERD?
Peter C. Akerley, President, CEO, & Director
T. Layton Croft, Chairman of the Board
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RJ


                                   

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