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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 E17on Jan 28, 2014 4:59pm
161 Views
Post# 22144336

RE:RE:The market almost ignored the big news

RE:RE:The market almost ignored the big newsA big jump in the price of gold would certainly set this stock on fire, but I don't think that is necessarily a prerequisite for us to see some hefty and rapid price appreciation here.  As long as gold price action remains 'constructive' technically, and demand for gold remains strong, then I think we'll see the continuation of the current EDV uptrend.  The chart is looking good, higher highs and higher lows with upswings confirmed on volume, and retraces on lower volume.  Double bottom (capitulations) on very high volume at 45 cents (Jun, Dec).  We are through, and have consolidated above, the upper boundary of the down-channel (60 cents) on strong volume.  Moving averages all look constructive.  Next resistance is at 70 cents, which we failed to breach on two occasions last week.  I expect we'll be through 70 cents before the end of the week, and could then expect a pop into the high 70s fairly quickly accompanied by an increase in both volume and volatility.
Bullboard Posts