RE:RE:Weekend Endeavour Mining summary from JimAssafou is indeed the real thing. As it presently exists, drilled only, it should add a couple billion to Endeavours market cap. And it might just be one of other equal deposits in the Tanda Iguela area. A total game changer for EDV.
And it does look like Blackrock is reducing its holdings in EDV by a little, for whatever reason. At least they are doing it slowly since any large sales would have a big impact since EDV is so lightly traded. Almost all the shares are owned by La Mancha, Blackrock, GDX, and then a bunch of other funds and institutionals. GDX need to actively trade, but my guess is none of the others do. So if one of the institutional sells some it impacts heavily. Someone for sure has been selling into any kind of strength.
The other day I was thinking and since I bought into EDV back in the Avion days, with my cost around $7C a share, the dividend now is returning around 16% on my initial, and largest purchase. For La Mancha who bought in on a sweet heart deal, the dividend would be worth north of 25% would be my guess. For many, EDV has been, well, a gold mine!