Member Info for Tornadotony

Median share price was 1699p in Q2.

Current share price is for a production run rate of just 230,000 ounces for Q3 which is broadly 20,000 ounces less than Q2. Average sold gold price around $2350 per ounce.

Happening most days. The company is priced for a complete disaster of a report on 7 November.

The AI programme is probably known as Sales Performance Incentive for Vices. Otherwise known as SPIV. It gives you some idea of the operation.

The company is a target of an east Java Indonesian sweat shop operation that is funded by a Chinese Army unit based on the outskirts suburbs of Shanghai. They are testing all kinds of AI on these kind of websites. For teenage kids in the west they have AI programmes to test their intelligence to see if they can get them to harm themselves and be proven as stupid. For older people who do investing they troll their experimental AI hardware on us to try and make bad investment decisions which is also an intelligence test to see if we can also do something really stupid. The AI programmes also look for people who have traits of being helpless as a source of bait. They also have AI programmes to identify and recruit bandits. It is healthy to have this view in mind when you see material that is absolute irrelevant garbage posted on here from a regular source. The clue of such a source is in the title above. Tony

Can test with dummy 1 share buy and 1 share sell to get an idea of what true ask and sell prices.

To short cut.

Punter,

As I have mentioned before, these problems may have arisen through two critical decisions by Dan Betts or a subordinate. To short into production low grade waste stripping material was processed into a brand new mining facility. This led to low recovery rates of ore and consequently not using the mine at grades it was intended for led to relining a mill well before it should have been required. The second short cut was geo-technical drilling. If the drilling is not done every so many metres and instead has been done over a larger area with far less holes, the error in assessing where high grade material is located is far greater. Another issue is how sampling was done at the ROM pad. If the driller was told to choose an area where physical gold was more apparent and to concentrate sampling there, then the grade data on entirety is corrupted. We can not be sure if what I am saying has arisen. If it has it will emerge in the on-going review. If it has occurred it would certainly explain the mess that has arisen here. Tony

Last time we had more than 4 was 20th March. Endeavour should be 200p higher than the current price to reflect uplift in gold and that is with zero productivity improvements in Q3 over Q2 with a report due next week. RSG another West Africa producer with similar risk has moved lock step with gold price, but this has not happened with a FTSE 100 Endeavour company.

Thanks BD.

BetterDaze

I have only bought an initial position. I never go all in one go and drip feed entry positions and usually exit the same way. NG quite often rallies in November and sometimes December. Maybe things have changed. Please share your logic where you think it is going and why you anticipate a particular direction.

Gold futures price has moved back to a level where Endeavor was priced at 1849p. The drop is greater than ETF price drops.

Steve

This share reports next week. Potentially a really good report knocked for six. I find it incredible endeavour is just 1% higher than its mean average price throughout Q2 and Q3. Production was planned to be way higher in Q3 and Q4. The gold price was up 14% over those quarters and this share only up 1%. Tony

The reverse head and shoulder pattern failed to complete.

London chart gap has been closed, but a huge gap in the Toronto chart created back to the UK open price created this morning.

For those who did not see it.

https://www.fitchratings.com/research/corporate-finance/fitch-affirms-endeavour-mining-at-bb-outlook-stable-25-10-2024

1807 close. Good sign that Endeavour got some support on TX side.

Thanks for pointing out that usage not being a factor during the course of the year.

I still feel the November qualifying divi may be a factor why we see some small uplift over October.

Now heading towards oversold with gold at all time highs. Staying within neckline range on reverse head and shoulders although Canadian close was right at the extreme bottom. Mid range is around 1815-1820. UK pound is one to watch. If it declines, Endeavour SP in sterling should go up. I can see no reason on earth why sterling would appreciate in value tomorrow.

Closed at 1785.

Several miners are working off overbought signals. Endeavour has one overbought signal on the weekly stochastics and is attracting oversold on hourly chart. It is trading in a neckline chart zone from 1800 to 1845 in what I think is a consolidation. Toronto closed at 1812 on Friday and it may be interesting where it closes tonight.