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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

Comment by mercedesmanon Jan 27, 2021 3:08pm
184 Views
Post# 32401235

RE:RE:RE:Relentless Selling Explained

RE:RE:RE:Relentless Selling ExplainedAgree Marben

Adding here as well

In the end, all stocks are supposed to be valued based on their discounted future cash flows.

I know of very few stocks that will be throwing off this much cash, going forward (assuming gold holds $ 1600- $ 2000)

Everything in between is noise and mis-pricing (too high or too low)

Teranga was fully valued (I road it from $ 3 to $ 15 in the past two years and would say they got fair value in the merger).  EDV's big run was 2016, but arguably a bit below its FV at  $ 28 - $ 32 (pre SEMAFO and Teranga mergers ). 

Going forward, (1) synergies, (2) a lower cost of capital (able to acquire and use it's own stock to acquire future oz's if required), (3)  lots of organic growth opportunties, will give the combined entity a huge boost.  Shareholders will just have to be patient...until the market figures it out and the PoG co-operates.

In the meantine, grab a chair, read a book...whatever...we are going to $ 50 +.  Free money, even allowing for the time value of money (unless you were going to invest in Gamestop)

MM
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