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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 Dale327845on Dec 01, 2023 10:36pm
176 Views
Post# 35764779

RE:New cornerstone …

RE:New cornerstone …Totally agree that EDV looks like the best prospect , by far, for a large gold co.
I was around in the late 1970s , and even somewhat aware of things, but not an investor or any sort , was more of a hope I can pay all the bills this month situation.  But even so no one could avoid what was happening in gold.  The price peaked at just over $800 US on Jan 4 1980, and started a long long down time. Anyway, during the multi year swing up in price everyone was buyng gold, actual gold, as there were none of these fake funds that 'sell' gold these days.  

And then after gold peaked and fell pretty hard, the comment/joke became that when the secretaries are buying , it is time to think about selling.  Seems the word was that secretaries would go out on their lunch breaks to buy more gold - perhaps they did , I have no idea.
At present we are far from the secretaries buying, and it seems there would be a huge potential herd of buyers that could get excited.
The  $800 top out in 1980 is equivalent to $2900 these days according to my inflation calcualtor.  To me thaqt is the high I am looking for!


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