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EDR Egdon Resources Plc

4.40
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Egdon Resources Investors - EDR

Egdon Resources Investors - EDR

Share Name Share Symbol Market Stock Type
Egdon Resources Plc EDR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 4.40 01:00:00
Open Price Low Price High Price Close Price Previous Close
4.40 4.40
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 01/4/2024 00:07 by stu31
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.
Posted at 28/3/2023 11:22 by currypasty
Egdon Resources plc (AIM:EDR), the UK focused energy company, is pleased to announce that it will provide a live presentation relating to the company's Interim Results via the Investor Meet Company platform on 24th Apr 2023 at 10:00am BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet EGDON RESOURCES PLC via:






I guess most peoples question is why is everything so slow?
Posted at 15/8/2022 13:53 by ali47fish
thanks guess for the comments- i am a long term investor dubious about this share for years - whenever i added it went back - is this any different this time - so far missed benefiting from this spike
Posted at 25/1/2022 10:11 by currypasty
"Brokers View
Director of Research Jonathan Wright at brokers finnCap has estimated that the company in the current year to end July will see revenues jump from £1.2m to £5.2m.

That should be good enough to turn the previous loss of £0.8m into an adjusted £1.7m pre-tax profit, generating 0.3p of earnings against a 0.1p loss last year.

The broker has put out a price objective of 7.7p on the group’s shares.

My View
I think that this little ‘penny stock’ is a real winner in the making.

The Wressle-1 production costs are said to be around $18 a barrel. So even taking a range for the year of around $70 a barrel that looks really quite appealing.

But if the Russia/Ukraine situation gets a lot worse it is possible that oil will rise to over $100 a barrel.

The margins look excellent – and that is just the EOG interest in the Wressle-1. It has so many other potentially exciting positions, including a growing geothermal play.

Its interest in Wressle-1 will produce sufficient cashflow this year to help the group to further its interests across its portfolio.

Obviously still highly speculative at the current rates of production, I see these shares which touched 2.2p in March last year and are now just 1.57p, as a cracking punt for investors prepared to take a 2022 view.

As stated earlier, I see them more than doubling in price this year."

Quite confidently, I now set my Target Price at an easy 2.25p a share.
Posted at 10/12/2021 16:13 by jasper2712
What has Wressle brought to the table for the long suffering shareholders?
What has it done for the directors and now that their well paid jobs are safe what exactly are they doing on a daily basis? They certainly are not updating the investors.
Jobs for the boys and we are the ones paying for it!
Posted at 03/12/2021 13:32 by solo4yous
You think all these negative posters mean well and have long term or any investors interest at heart in a positive way?

Think again, dont believe me?

And here we go.
Posted at 29/9/2021 14:15 by currypasty
just think what will happen if EDR ever gets tipped and some investor interest arrives..
Posted at 27/9/2021 10:13 by currypasty
to be honest EDR looks safest bet of the three.. even though i do have all three. UJO has devastated investor confidence, EOG has stated they are going to acquire a north sea asset, yet fail to explain how they will pay for it. EDR did their funding earlier and 'should' be OK, although it has caused a bit of an 'overhang'. However overhangs clear, and give opportunity for others to get in cheap. I really think EDR should be 2-3p at this stage based on Wressle, and the oil price.
Posted at 20/9/2021 10:39 by talkman2
Investors bailing UJO for EDR ?
Posted at 22/1/2021 11:34 by currypasty
no surprises its all been passes


The Company will now make a drawdown request to the Investors (Petrichor Partners and Jalapeno) for the maximum amount of approximately GBP1.05 million under the Subscription Agreement and the Investors shall have up to two business days in which to pay the funds due under the subscription request, expected to be 26 January 2021.

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