RE:RE:Q1 ResultsThx for your queries and for reporting the responses here.
At the risk of sounding like a certain ignored poster, Sebastian has a ways to go before he could be considered an industry star (maybe personality is a better word) like Mark...
However...
I have belieived for some time that Endeavour will become the next Rangold of Africa.
I thnk the style will be different. More one of quiet execution and now organic growth, versus aggressive acquisition and good execution (Rangold).
Another couple of years of solid performance (digestion of acquisitons, lowering AISC, green field exploration, on time and on budget mine roll-outs and improvements) and EDV may start to be looked at as a potential target of a major (if any have appetite for a significant west African presence).. It's at that point, that the premium will really start to be built in. Cashflow is cashflow. And resources are resources.
Would be ironic if Barrick bought them out in 5 years time, after having sold the Massawa flag ship to them (via Teranga)
MM