RE:RE:ANY ANALYST REPORTS AVAILABLE?Patience, Grasshopper...
My thesis FWIW is this: I note that they've moved the corporate HQ to London last year. A London listing seems highly likely to me. But, to get the stock a decent rating and good PR before launching on the London market, they need to start paying a dividend, IMO. From the results/presentation and today's call, management reiterated that their focus was on getting the debt down - not rushing to build new mines. They're targeting net debt:EBITDA of 0.5x. I reckon they should get there by the end of 2021 - and can then start that dividend (they talked about producing returns for investors in the call today, when asked about their capital allocation strategy).
A launch in London should get EDV the recognition it deserves and a higher rating.
In the meantime we can keep fingers crossed that they make some good discoveries and have a good pipeline of potential value-additive projects for the future.
Cheers,
Mark