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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 missourimineron Dec 18, 2012 11:10pm
237 Views
Post# 20748807

RE: RE: before wednesday...

RE: RE: before wednesday...

It does puzzle me why an "Investment Bank" turned miner finds the need to start a SAB, filled with financial/business gurus instead of reputable rock hounds. You would think, from their pre-mining days as Investment bankers that aspect of the business would be their forte. Initially I take the formation of the SAB to signal an admittance on EDV's part that the handling of the aquisition of AVR was a real blunder. If memory serves me correct the "Wrap up date of Oct. 22 for share transfer" AVR traded at .95 cents, by the time I recieved the .365 EDV for every 1 AVR Endeavor was trading at $2.10 - $2.12 putting AVR @ .70.  I say initially because the more I analyze the article and the vocabulary it could most certainly be construed as fishing for a potential buyer, or getting the proverbial "Ducks in a row" for an easy aquisition .A  300,000 oz. producer with expectations of 450,000 oz. by 1q/2014,good reserves and excellent exploration potential has to be causing the seniors to salivate given the current SP. The new guideline of pegging future salary to SP performance is certainly good for the confidance, that and the lack of Russian influence (LOL) I am hopefull the new SAB was formed strictly for the sake of smooth sailing for future EDV aquisitions as IMO given the current state of most juniors SP even the most lucrative of buyout offers will not afford us the return of EDV growing itself in the coming year(s). GLTA! MM

Bullboard Posts