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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based multi-asset gold producer focused in West Africa. The Company has five operating assets consisting of the Hounde and Mana mines in Burkina Faso, the Ity and Lafigue mines in Cote d’Ivoire, and the Sabodala-Massawa mine in Senegal, two greenfield development projects (Assafou and Kalana) in Cote d’Ivoire and Mali and a portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Cote d’Ivoire, Senegal, and Guinea. The Hounde mine is located in the northern part of the highly prospective Hounde Greenstone Belt, approximately 60 kilometers (km) south of the Mana mine. The Ity mine is located in western Cote d'Ivoire, 480 km west-northwest from Abidjan, in the prefecture of Zouan-Hounien. 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.


TSX:EDV - Post by User

Bullboard Posts
Comment by missourimineron Dec 18, 2012 11:10pm
239 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