RE:My Latest Thinking on EDVThanks for your thoughtful update.
Gee. I now know why I am more optimistic mark, I became an endeavour shareholder from a substantial investment in both True Gold and Semafoe.So I am not so annoyed by their production . ( mild humour). What I like is the steady production at such a low asic in a gold market that I think might just get its day ( again ). This makes edv a cash cow/bull//pig - what will they do with that....give it to shareholders ( just like the oil guys have learned) ( hmmm isnt endeavour a proxy for eqyption tycoon family wealth ( nicer place to park cash outside of knightsbridge real estate).
Methinks they will be more focussed on being a seller than a buyer ( they have so much developement projects internally ). They are also not up the investment bankers arses- so they dont get the internal champions promoting. ( but big boy M@A will pay an inflated price at the right time because of the low asic and what it means to the buyer). This is why i await a payout and maybe more optimistic.
I think there is a certain amout of arrogance from executive-( and that can be annoying ) but they know what they are doing and they will be looking to exit with life altering payout. Gee pitch this to another annoyingly arrogant gold ceo at barrick and let him run the show.
However, recent mark up has this in play at the right time. So, please stay invested and keep offering your thoughts Marben.
Biker