RE: Opportunity - trading below £1.26 offer price9 Dec 2019 10:30
I think we all need to look past what the Endeavour leadership team can do to improve Sukari production and bring on the West African resource more efficiently.
I have very little enthusiasm for "Gucci" miners it is and always will be the guys and girls on the ground who make things happen.
Endeavour don't have the funds to make any difference and are desperate for funds as they have no chance of earning enough to meet the debt due in 2021 unless they reschedule, so the cash that Centamin bring to the party will disappear quickly.
Now then is when Mr Bristow will be most interested ask yourselves why hasn't he made a run at Endeavour if they are so much better than Centamin, he will gladly wait until Endeavour get close to having to cough up.
My view is that whilst he likes the Sukari resource and who wouldn't he doesn't like the profit share and the share price has been well below 100 and he hasn't made a move.
Why do Endeavour think the Sukari project is worth a run at I can't see much further than the cash in the bank and the goodwill.
Not enough has been said about goodwill and as Centamin are the only producing mine with the experience of building the infrastructure, bringing in people and training, working in the community they have considerable goodwill on offer.
Best to all as this is very interesting times and I hope one of our very own Gucci miners Mr Youssef is up to speed with his recent update to the Egyptian press and not just repeating what has already been reported.