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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 shortUSA2on Aug 25, 2009 2:51pm
496 Views
Post# 16248125

RE: RE: EDV's Core Holdings:

RE: RE: EDV's Core Holdings:I own PNP and EDV.  Neither are responding to the growth of their investments.   For now the market is ignoring the NAV of these companies.  Not sure why that would be.  In the case of both companies they ought to be buying back shares aggressively because they would be buying into their own portfolio at a huge discount and canceling the shares would result in an even higher NAV per share.  Restarting the dividend wouldn't hurt either.  I think they can afford it at this point.
Bullboard Posts