Catch upTook a look at the chart of EDV vs GDX for the past 3 months
It's clear that we closed the divergence gap, and have largely caught up or exceeded the performance of most other gold miners during that time period.
GDX down over 7%, whereas EDV up over 7%
It would appear the the LSE move, and the buy back program has been working. Latest earnings I am sure, helped as well.
Analysts growing more comfortable that there is no indigestion suffered as a result of the two key merger/takeovers, and that the future looks bright for EDV from an earnings and cashflow perspective ?
MM