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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 daniel52on Feb 23, 2016 6:37pm
166 Views
Post# 24587290

RE:What is going on??????

RE:What is going on??????To your question, a couple things spring to mind:
1) EDV has had a huge run from USD$3.80 to up in the $9 range in a rather short time so a breather, pullback, is normal;
2) Profit-taking is normal after a run like like EDV has had. I sold 25% of my EDV at USD9.00;
3) People on margin or the wrong side of the market sell to raise cash from their better stocks(e.g. EVD);
4. MAYBE SOMEONE KNOWS SOMETHING ABOUT THE EARNINGS REPORT coming the 24th.
5. Aliens.

In any case I'll be a buying when gold itself takes a breather and retraces some advances after this run of about $200.

This is a very very good stock that will hit USD of $20 unless something like a in-country civil war happens.  Not likely but possible
Bullboard Posts