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I think it's been pur gere for one reason alone and that's a takeover
The board won't entertain less than £1.7 bill mcap. Any TO would have to be hostile. So I dont see it
It’s down here due to the 8th Dec- and gold (look at most PMs)… simple as that.
I wouldn't object to that ,hopefully with a bit of competition
For anyone not day trading the 8th was a fantastic update. And gold isn't that weak. It's near 1800 where its been a lot in 2021.
I don’t agree- 1)for day traders was ideal for a short 2)comparing the absolute gold price isn't always a good idea, intra-day moves and sentiment impact the SP here. I’m not a long term holder but have bought and sold for many years- the update had high aisc and way too long a time frame which impacts the aisc - most were expecting a far quicker and less expensive recovery on Sukari alone. We can all write what would have been a fantastic update- but sadly this was not.
Adrian77 where did your £1.70 come from?
Where did this minimum 1.7mil market cap buyout price come from?
It's not £1.70 a share dad. Mcap 1.7bil that was the fee when the last talks collaped over £1.5bil TO.
So they won't let it go for less now.
It was a fantastic update for a LT investment. You are buying and selling so yeah you won't be happy.
Adrian77 would be your IQ then or maybe that's generous.
Excuse me halfwit.....or don't you remember the endeavour TO bid rejection.
Adrian77,
He probably doesn't ! I would argue that a bid now would be less than the last one, although you could make a case that the reserves now have a higher value due to gold price.
A lowish ball bid now would be good as long as its firmly rejected by the BOD !
Adrian 7.7 Endeavour walked away you muppet :-)
Don't believe everything you are told.
Yes the bid may be less and would be rejected. The magic figure is still around 1.7bil unless hostile.
Gold at 1600 and bye to the dividend what will the price be then
What a dog
Please spare our misery somebody make a bid and get me out of here
halfpenny,
Endeavour didn't exactly 'walk away'
George Town, January 14, 2020 - Endeavour Mining Corporation (TSX:EDV) (OTCQX:EDVMF) ("Endeavour") has been informed by Centamin plc ("Centamin") that it does not intend to seek an extension to the January 14, 2020, PUSU deadline. Given the lack of information received, Endeavour confirms that it does not intend to make a firm offer for Centamin and therefore the merger discussions have been terminated.
Commenting on this, Sebastien de Montessus stated:
"We remain convinced about the strategic rationale of combining Endeavour and Centamin to create a diversified gold producer with a high-quality portfolio of assets. The quality of information received during the accelerated due diligence process has been insufficient to allow us to be confident that proceeding with a firm offer would have been in the best interests of Endeavour shareholders.
Adrian77 Re. "Don't believe everything you are told" why were you told something different to everyone else? Do share please..
https://www.mining.com/endeavour-mining-walks-away-from-takeover-talks-with-centamin/
I'd believe that b4 believing idiots posting on this board including myself..
A dog with 8 to 10 billion of ounces of gold in the ground. And an mcap of less than 1 billion. And 250 mill in the bank. And 500k oz annual dig from 2024....
Is this really a dog maybe I'm missing something.
Not a dog by any means momentum going in the wrong direction for cey atm but it will turn possiblity this afternoon after Fed speak analysis as some thinking PM's will get a big push higher post analysis.