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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
Post by AngelEyes3on Sep 24, 2015 9:35am
174 Views
Post# 24131004

2 year lock up agreement

2 year lock up agreementNot sure how this is negative news for the stock. EDV just received additional production and over 60 million dollars. The new shareholder must wait 2 years before they can trade the shares. That means a bonus for existing shareholders for two years. This is positive news in my opinion not negative. What this does is force the existing shorts to cover. They would be sending negative news so that they can do it  without forcing the market to take the share price up while they cover.. But more the company has now 5 mines and over 550 thousand ouces of production at under 900 dollars per oz production cost... Costs have been falling this is all postiive news not negative.
Bullboard Posts