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Nice average, mines just short of £17 which I'm happy with as can see this considerably higher in the coming years, increased production after Q2 once the new mines open, hopefully people managed to top up over the last couple of months at these bargain prices (ex CEO's fault IMO) and nothing to do with the long term outlook for the company. GL all
It's looking good. Production forecast up, production costs well controlled, gold prices up, insiders buying. Average of £12.90 so far so good.
*off $2200
Need a few more of these 5%+ days. Gold still hitting it's head of $2200, has to get through soon.
Sorry 1st**
FYI the $40/oz jump on the 4th was from 2.53 to 5.13pm on the back of disappointing US data, coincides with your quick reversal post at 4pm. i suspect its most likely that looking at time scales.
Gold also jumped 40 dollars/oz on the 1st. 4th another $30 USD/OZ and 5th broke its ATH. alot of the movement is related to the gold price.
Why are we up, when we've just dropped out of the FTSE 100? I thought that would cause negative sentiment in the market?
Volatility is a two way street. CEO drama caused the fall not fundamental company issues. Large expansion at ultra low cost per ounce pretty much completed. A lot of good here I think.
We know good news flow is due in the next few quarters. MM's letting it rise maybe?
Was in the red then a quick movement north to just under 5% up.
Can’t see any news around?
I prefer share buybacks if the share price is underperforming, more opportunity to organically increase earnings per share without any dividend uplift and cheaply too.
I am liking the increased payouts as we move to a more cash flow generating business, does bode well for us in the future as-long as the stability in the area remains.
Special dividend at year end ???!
Https://www.bbc.com/pidgin/articles/cy6e3ny71xno
Looks like ecowas is now attempting to rebuild the bridges, hopefully can add some sort of stability to this area.
But with today's news great opportunity for a cheeky top up.
Good update today. Definitely undervalued atm.
DYOR. GLA.
I think so. I think the West African trio (Burkina Faso, Niger, Mali) have continually increasing risk of seizure of assets, leading to a bigger West Africa discount.
Have been doing more reading and found this interesting:
https://theconversation.com/free-movement-in-west-africa-three-countries-leaving-ecowas-could-face-migration-hurdles-222826
That said, I hold a smaller amount (relative to Endeavour) of Thor Explorations Ltd, which has also seen its share price hit. It has two projects in W Africa, but Senegal and Nigeria, not in the aforementioned trio.
Maybe Wagner was the mystery recipient of the missing $5m?
Https://www.bbc.co.uk/news/world-africa-68322230
Seems likely to only worsen
Yes very depressing at the minute, keep telling myself how undervalued we are 🙁
I keep adding more thinking it’s the bottom but seems like there is no bottom in sight yet!! Desp need news on replacement of CEO or else it’ll keep dropping further!!
Chart looks awful too downward trend!!
Surely it will need backing from the big boys:
https://www.endeavourmining.com/investors/institutional-ownership
if thats still up to date.
At these prices we must be a takeover target? With all the consolidations going on there could be a possibility.
The US dollar is getting stronger, perhaps because interest rates wont come down as quickly as come people had been saying, which in theory is bad for commodities.
Until the next FED meeting on interest rates I can see this EDV slipping back especially with all the negative comments. Institutional holders will keep taking the divi's which may pick up with increased production later in the year.
How low they go on volatility in the mean time is anyones guess.