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Bullboard - Stock Discussion Forum 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... see more

TSX:EDV - Post Discussion

Endeavour Mining plc > Short Covering
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Post by Dale327845 on Mar 07, 2024 9:58am

Short Covering

Post by mercedesman on Mar 06, 2024 9:12am

Short covering ? Or Gold price up ?

As of Feb 29th reading - short covering on EDV hadn't really started. 

 


I suspect it'll be ramping up once they realize the lawsuits are non-starters 

All time closing highs above $2100 is encouraging - especially for the producers that: pay dividends, are executing on buybacks, are about to ramp up production, and who have their costs under control. ( I dunno like say Endeavour?) 

Nice bump off the bottom. 

A rotation into this long forgotten sector  could be huge.


For 2024 I'm anticipating a mini-run, followed by a recessionary correction on everything, followed by a major new bull market for gold and gold equities once the interest rate easing phase begins. 


glta

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