Endeavour Mining Share Discussion Threads

[cat33] 14/12/2024 14:29

Weekend summary from Jim https://mining.beehiiv.com/p/jim-s-mining-letter-december-14-2024

[wallywoo] 11/12/2024 16:13

Nice long white candle today chaps. With edv there's very often another 1 or 2 long white candles that come straight after. This could be 1800 by Friday!!!

[cat33] 11/12/2024 15:32

Surprisingly little interest in this very interesting company https://mining.beehiiv.com/p/jim-s-mining-letter-december-11-2024Check it out

[auson1] 10/12/2024 10:40

1487 just hit

[doctorbird] 09/12/2024 15:34

PMs up today and EDV has improved from this morning. Added at 15.22388

[wallywoo] 09/12/2024 13:06

The share price is under pressure because of the political situation in the African countries edv operate. Mainly Mali and bukino Faso problems currently. However, mine companies have been working for decades with unstable countries. I personally think it will work out. At the end of the day these countries need foreign investment. The odd small company can get stuffed, but the large powerful companies are always needed. These countries know that.Gold will be huge over the next year or two. Massive global debt within Western developed countries and unstable war's will drive it. This will surge upwards at some point. It's just a waiting game!! Will happen very quickly imho.

[doctorbird] 09/12/2024 11:39

There has been strong support centred on 1475p ever since listing 3.5 years ago. So gold has gone up more than 60% while EDV is now flat. So much for the policy of expectation based on gold price. However, with price now sitting very near to that support perhaps I should be adding. On past performance it could still bob down to 1400p, however briefly. Price movement over the past month showa a falling wedge pattern i.e. diminishing downward momentum, which is encouraging. Today's price action is feeble so far. I shall wait to see some strength and potential breakout from the wedge.

[limajane] 22/11/2024 10:59

Have EDV still any mines in Burkina Faso? Will the junta there do the same as the Malian one done (to Resolute)? West Africa is becoming riskier by the week.

[wallywoo] 08/11/2024 11:10

87888 shares bgt back yesterday. That's £1.40m!! 10x the average number bgt back.I bgt another load too. The price yesterday was crazy. Sure the quarters performance was disappointing. However, that was only 1 quarter, the company was dealing a number of issues. The general direction is higher production and of course higher gold price for every quarter going forward.

[auson1] 07/11/2024 15:37

In today at 1579

Lets see where Gold goes after this little pullback.

[wallywoo] 06/11/2024 09:15

Back in here at 1681p. Q3 results tomorrow. Hopefully should be the catalyst for the next swing up.Edv is a great trading share!! All being well tomorrow, it's hard not to see another trot back up to 1900. Q4 likely precious metals prices should be strong. Let's see how it plays out tomorrow!!

[redbaron10] 29/10/2024 19:41

Newmont minings results has caused a re-evaluation of gold mining stocks with increased labour and energy costs impacting the bottom line.Maybe valuations in the sector have got ahead of themselves but gold prices continue to rise despite analysts and insiders saying gold prices are due a pull back.Maybe, but gold keeps hitting all time highs and whatever small retrenchment we see in prices they continue higher thereafter.

[redbaron10] 22/10/2024 20:26

Druckenmiller famously sold his gold position the election night in 2016 when Trump was elected, but this year has invested big time in Newmont and Barrick gold miners.I wonder what his strategy is going to be the night of 5th November this year? I bet he doesn't offload his gold mining stocks election night this year!

[redbaron10] 22/10/2024 11:52

The spivs,speculators and handlers of the gold price in financial markets have lost control of their ability now to manipulate gold prices by off-loading paper gold future contracts and through ETFs when it suits them, in my opinion.Retail safe haven gold buying in China because of economic uncertainty there and the continual demand and purchases by those central banks in the world, keen on seeing de-dollarisation and diminution of the dollar as the global world currency(most global commodities are priced in US$) will continue.The World Gold council give regular reports of central bank gold buying.Demand is there,out-stripping supply,so gold prices have further to rise imho.

[aim999] 22/10/2024 10:03

Results should be very good and the price of gold continues to go higher

[wallywoo] 21/10/2024 09:08

Out again at 1900, 15% profit in 2 weeks. This is still incredible value. However, political uncertainty is not going away. It's never a profit until you take it. Good luck all holder's.

[redbaron10] 18/10/2024 15:36

Plus the fact Blackrock has increased its interest here to 13.03% All helps investor sentiment.

[redbaron10] 18/10/2024 15:33

7th November for Q3 results.Centamin results were very good so i expect something similar here if production targets are met.

[wallywoo] 08/10/2024 09:06

What scares one investor, attracts another!!After selling out at 1840 (with many comments that I was mad to), I am back in at 1637. See you all when this is back to 1900!!Ooh the hokey Cokey!!

[neilyb675] 07/10/2024 09:23

from Tornadotony on LSE:

"A large drop in price as a result of the leader saying they want all foreign miners out of the country and he wants to terminate all mining permits. Endeavour had already turned over two mines as we know to the Government earlier this year. The idea of any sustainable mining with environmental impacts not being done by a proper company is a false economy. They may know how to mine gold out of the ground but at what recovery and efficiency. A sensible discussion is hopefully going on this morning. The new mines are not in BK. The company will be on to this today and hopefully they can point out that it is not a good move for the country."

[croasdalelfc] 05/10/2024 20:49

Ouch on Monday

[redbaron10] 28/9/2024 15:45

I see the Mali junta have arrested four Barrick gold employees in the country on charges.Not an encouraging sign if governments in the region are going to start strong-arming western miners now.The president of Tanzania did it with Acacia mining so i've seen this all before.

[redbaron10] 26/9/2024 08:42

I agree with your sentiment of possibly more to come.This is only up 9% YTD and 18% for the 1 year.Gold is up massively from a year ago.