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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

Post by templetooth2on Sep 17, 2021 12:26pm
311 Views
Post# 33877797

Worthwhile speculation

Worthwhile speculation
The removal of the stock from the Toronto index a little while back caused hardly a ripple. Something like 7 million shares traded market-on-close, and the price barely moved.

As of first thing Monday AM, EDV is part of the FTSE 100. This will probably be managed with no great impact as well. But maybe not. I interpreted the CEO's comments at Denver as 10 % of the stock needed to be bought by indexers. That would be 25 million shares.

If true, that might provoke a gain of a pence or three. Maybe.
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