Endeavour MiningI had a stock called True Gold (previously Riverstone Res) that was bought out by EDV. It was a few years back and EDV gave some cash but mostly stock @12 bucks. I held EDV until $24 and sold but always kept an eye on them. Recently I bought back in am convinced that they have the right management to consolidate the West African mining region. I think they will be a serious contender to buy ORE. They are very good at execution and tend to buy a company once they are ready to go with production (or at least very close). I could see a buyout from them at a reasonable price in the next year. They are effectively debt free (cash position is equal to debt) and will be mining 1 million + oz's per year. With current prices and their under $900 US cost structure per oz would translate into $1000 US an oz profit....so about a billion dollars cash per year....How long before the market takes note of that? Companies with money need to use it to grow. Orezone is right in the sweet spot for them. BF is region that they are very well positioned in already. I think it would be a very easy and workable transaction. Time will tell but as gold keeps going up we are in a better position. Good luck to all!
Atheena