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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

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

Bullboard Posts
Post by mtlpcxprton Sep 11, 2016 12:39pm
295 Views
Post# 25226199

Great company...kept half!

Great company...kept half!Difficult decision, but I think it was a good one? I sold half my position at $23.50 seeing the weight of this stock in my portfolio was 50% (brought it down to 25%). Selling 50% gives me the $3500 to cover my capital losses in the last 3 years...plus leaving a taxable gain of $4500 on the side. I was thinking of keeping money in the war chest to buy EDV on the low (or lower) or perhaps buying another gold stock. Very pleased with this company, and believe it will go higher in the long term. Logic told me (or my gut feeling...lol) this was the wise thing to do. When I bought this stock at $8.75 2 years ago and saw it go down to $4.50...I was not worried. Nothing would make me sell my 500 shares remaining...even if it fell back to $8.75 (which I doubt VERY much it would ever go...).
Bullboard Posts