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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Metals & Mining Gold
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

Endeavour Mining plc
Bullboard Posts
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(2)
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Comment by Wisdomwithageon Oct 02, 2015 4:57pm
185 Views
Post# 24158931

RE:10:1 Share consolidation

RE:10:1 Share consolidation
TRUST_NO_1 wrote:
 It will be interesting what impact there is on the share price a few weeks after consolidation, depending how long the TSX allows the crooks to settle.


The only real concern I have, as an EDV shareholder is in fact the 1:10 consolidation. I'd prefer more of a 1:5 which would reduce the O/S to just over 100M, more realistic for a solid producer with low debt. At least with the higher resulting O/S there would be more likelihood of some potential share buyback.

In any event, post consolidation we may well see a lower <post-consolidation> share price for a few weeks as all the odd and broken lots are shunted into the market. Past experience suggests that EDV insiders are not big buyers in the market. 

Cheers,

Brit
Bullboard Posts
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