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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. The Mana Mine is located approximately 200 kms west of Ouagadougou, the capital of Burkina Faso. The Sabodala-Massawa Mine is approximately 640 kms southeast of Dakar, the capital of Senegal. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.


TSX:EDV - Post by User

Bullboard Posts
Comment by felix10on Jan 31, 2006 5:30pm
226 Views
Post# 10272004

RE: Still trading at a 22% discount

RE: Still trading at a 22% discountI think another reason for the discount is that it's hard to put an exact figure on the true N.A.V. Correct me if I'm wrong, but I believe Endeavour has equity interest in a number of unlisted companies which means it's hard to put a value on them, and also hard to unload them if there is no trading market for them. The run-up of the last few days has been pretty amazing. I'm tempted to sell, with the hope of buying back for less later, but it's a risk. In my experience, nothing ever goes straight up, and this one has been on a tear of late so it's gotta be due for some correction. On the other hand, now that's it broken $6, who knows? Tough call.
Bullboard Posts