RE:RE:Sum of the Parts...
Consvestor wrote: Thanks for the post mercedesman. I know zilch about EDV. In your opinion they have a good track record? I have been quite impressed with Teranga management.
EDV's track record has been stellar.
it took awhile but their rise to fame started in 2016 when the 6 bagged and held most of their gains ( whereas the vast majority of other gold equities retreated almost back to where they started. )
This was under the tutalege of Frank Guistra and his right hand CEO Neil Woodyear. They executed on acquisition after acquisition, and mine buildout after mine buildout ( on time and budget)
I was worried when a new CEO was appointed at EDV and woodyear went on to equally big things in SA, but Sebastian seems to have picked up the ball seemlessly under the direction of a new Egyptian billionaire backer.
it would seem that both companies are very similar. Billionaire African backers, growth oriented, and great executors.
it was only a matter of time for them to kick off the great west African consolidation to fill the void left by Rangold and Barrick.
this will be a dynamic duo IMO
MM