Endeavour Mining plc T.EDV

Alternate Symbol(s): EDVMF

Metals & Mining Gold

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.

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Endeavour Mining plc

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Comment by amarkspon Nov 01, 2005 4:21pm

232 Views

Post# 9798210

RE: Conference Call

Am having trouble trying to figure out exactly why Endeavour Financial would want to split its fees with US Global. What intellectual capital does US Global bring to the table that EDV does not already possess...? Why would Endeavour Financial desire to split its fees with anyone...? For EDV shareholders, this does not make any difference, the EDV fee structure remains the same. US Global will earn higher fees via EDV than it does on its managed mutual funds and Endeavour Financial loses half of its fees derived from EDV. So why would Endeavour Financial want to give up 50% of this gravy train... what exactly is US Global bringing to the table... and is this more than just intellectual capital...? just some musings...

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