Egdon Resources Share Discussion Threads

[stu31] 01/4/2024 00:07

217.2m shares in issue (3/24). 221.9m FD. Market Cap C$695m (£409m) at 320c
Van Eck (GDXJ)
Cash US$35m (1/24) Debt 120m+

website:

Endeavour investors are exposed to a responsibly managed portfolio of precious metal mines and exploration projects in Mexico, Chile and the USA. Our current two producing mines (Mexico) deliver cash flow as we strive to advance future operations, including a permitted development project that is under construction (Terronera) and an extensive growth pipeline of exploration projects.
No base metals, no hedging & strong beta to silver price
New Terronera project will add 6 million silver equivalent ounces of annual production in several years
Terronera is scheduled for initial production in Q4 2024
Terronera Reserves : 7.4 million tonnes at 377 g/t AgEq containing 89.4 million AgEq oz
Average annual production of 4.0 million oz Ag and 38,000 oz Au over a 10-year mine life (7.0 million oz AgEq)
($0.20) per oz cash costs, $2.15 per oz MAISC

Pitarrilla Project, Durango. Acquired from SSR Mining in July 2022
SSR invested $140 million to advance the project since 2002
Endeavour will spend $3.1 million in 2023 for drilling, development and fortification costs to advance a 1km long tunnel that will be used as a drill platform

Parral Project, Chihuahua. Acquired Parral from SSR Mining in 2016
Objective: Define mineral resource of 60 million oz Ag Eq followed by a PEA to model production

2022 production: 9.0 million silver equivalent ounces
2023 Production : 8.7 million oz AgEq. Ag 5,669,760 oz. Au 37,186 oz

2024 outlook: Ag 5.3 – 5.8 Moz. Au 34 – 38 koz. Ag eq 8.1 – 8.8 Moz.
All in Sustaining Costs, Net of Gold Credits $22 - $23/oz.

[ali47fish] 01/11/2023 13:19

what is this update for noe that takeover is over

[greypanther2] 29/9/2023 12:11

It was in my broker's nominee account this morning.

[kibes] 29/9/2023 10:58

Anyone got the money yet?

[currypasty] 13/9/2023 08:43

revised timing..



Amended Scheme Timetable

The expected amended timetable is set out below:


Scheme Record Time 6.00pm on 14 September
2023
Last day of dealings in, and for registration 14 September 2023
of transfers of, Egdon Shares
-----------------------
Effective Date of the Scheme 15 September 2023
-----------------------
Suspension of Dealings 7:30am on 15 September
2023
-----------------------
Last Date for Payment of Consideration 29 September 2023
to Scheme Shareholders

[gerhart] 07/8/2023 10:13

The company will still exist - but will just be private and profitable(!) but no longer stock market listed, with lots of lovely shareholders like us, because not enough voted against the offer.

The process is not yet fully complete, hence we are still a stock market listed company and they still have to issue RNS updates.

But soon we will be no more....

[kibes] 07/8/2023 08:56

Why are Egdon farming in to a licence? I thought they were trying to sell the company to Petrichor.

[gerhart] 07/8/2023 08:16

Don't know if anyone else still takes an interest, but more confirmation today that Peeps were mad to accept 4.5p for their shares.

Funny too, how we have two pieces of positive news soon after offer passes.

Can't say we were fleeced, as we all had a choice....

[greypanther2] 03/7/2023 18:05

I hope I've understood the voting pass marks correctly, but the RNS says that the number of eligible shareholders voting in favour ( but not the number of shares voted) was only just over 75%. So if it was only on that basis, IMO it would have been quite close run thing.

[gerhart] 03/7/2023 12:38

It's all over. Shafted again.

[currypasty] 03/7/2023 12:30

Egdon is pleased to announce that at the Court Meeting and the General Meeting, each convened in relation to the proposed Scheme and held earlier today, approval of the relevant resolutions at each meeting was obtained.

[currypasty] 03/7/2023 12:00

The General Meeting will start at 10:45
a.m. (or as soon thereafter as the Court
Meeting (as defined in the circular dated

June 2023) concludes or is adjourned) and
is being held on 3 July 2023 at Norton
Rose Fulbright LLP, 3 More London
Riverside, London, SE1 2AQ.

[currypasty] 29/6/2023 14:00

Competent Person Report... the last one UJO commissioned, and by some accounts the company (Gafney cline) didn't include some of the resource, and also showed a chart that the oil would significantly deplete.. it didn't, and so the new one commissioned by EDR should be significantly better

[ali47fish] 29/6/2023 13:48

what is cpr

[currypasty] 29/6/2023 13:29

Blues2021
@Blues20211
·
2h
#UJO So it seems the CPR will not be issued until after the EDR t/over vote concludes 3rd July. Why? Can only assume its so good it could push EDRs share price over the sale price if released before EDR should RNS the delay after stating the CPR would be issued in June, but this is AIM.

[kibes] 28/6/2023 08:41

I have voted but in general if nominee shareholders don't vote I think the holding company will ask the Chairman of EDR to vote on their behalf ie it will be in favour. I suppose the scheme will go through.

[bionicdog] 23/6/2023 11:48

I get to vote on everything from my nominee accounts. Don't let them get away with it.

[kibes] 23/6/2023 11:33

Have contacted iWeb but they say I am not set up to vote. So I doubt whether anyone else in a nominee account is. So EDR will not get the required 75%?