RE:NewbieIndianSparrow wrote: Hi, I have held EDV shares since last December. My ACB is approx 50 cents per share and I am getting a little concerned. I am trying to do some research on EDV and I am new to the Stockhouse Bullboards. I have been reading opinions about this company and trying to make sense of what people are posting here. Is this a good hold for medium to long term (2-3 years) or should I sell now. What is this risk about debt and comparison to ANV. Is EDV connected to ANV in some way.
Guidance and Opinions appreciated.
30 reads and no response so I'll take a stab at it.
no connection to ANV but any jr or sr gold companies that has a lot of debts is a concern. Jr miners are more vulnerable to debt levels vs a senior miner so its critical that you pick a miner with little to no debts on the balance sheet.
It ashamed what happenned to ANV - 20m ounces and shareholders got shafted but that's an example of what can happen when debt levels gets out of control - you wake up one morning and poof.
What made you buy EDV in the first place or kept buying it? nothing much has change on their debts levels, same as in December.
Here's a one month chart of EDV vs SMF vs TGZ vs GDXJ (the jr gold miner etf)
Nothing to be concern of yet, it looks like it's starting a downside trend but needs a 3-5 days to confirm.
good luck.