Endeavour Mining Share Discussion Threads

[alan greenspan] 30/8/2005 20:29

energyi
Of the 150 posts on this thread you have posted HOW MANY?
You appear to be talking to yourself

a.g.

[energyi] 30/8/2005 18:10

--DATE--: Price- --NAV-- -Disc. -HUI--, Ratio:HUI/NAV EDV/Hui ASA EDV/A
08/30/05: C$2.95 C$4.77E -38.2% 200.53, 42.00 Est.... 1.47% 37.93 7.78%
07/29/05: C$2.81 C$4.69A -40.1% 196.77, 41.96 Actual. 1.43% 37.62 7.47%
06/30/05: C$2.67 C$4.69A -43.1% 201.56, 42.98 Actual. 1.32% 38.82 6.88%
05/31/05: C$2.48 C$4.48A -44.6% 185.78, 41.46 Actual. 1.33% 36.44 6.90%

[energyi] 18/8/2005 17:29

STOCKHOUSE COMMENTS

1/
SUBJECT: Buybacks Posted By: JJR19989
Post Time: 8/8/05 12:29

Buybacks are not done in a vacuum. If Endeavor can invest funds with better IRR's than a buyback will produce, they should invest accordingly. Buybacks, though, at these huge discounts to NAV are a huge hurdle rate for any new investment to surmount. On a per share basis, (which is really the way to look at this from OUR point of view), it's tough to see how buying their own portfolio at a deep discount is not better than placing funds in new investments.

I think they should issue a PR stating that buybacks will be done any time the discounts widens beyond 25%. Buying at such prices would create real value for existing shareholders. NAV/share would continue to rise producing a virtuous cycle of value accretion. I'd have much less problem with a deep discount if I knew the company was actively buying shares at those prices...in fact, I'd welcome it!

Unfortunately, this won't come to pass until management is compensated accordingly. A larger asset base means more fees for them, so it's not in their long-term best interest to think along the lines of buybacks and increasing shareholder value. We have to align what's in our best interest with what's in their best interest, which will require them to actually care about the stock price. They are tremendous operators who have done wonderfully, but they don't own a lot of stock. Management takes part in the private placements along with EDV, but it's an indirect form of ownership from our perspective. I'd much prefer them buying EDV's stock to enjoy those private placement benefits.

Jim


2/

[energyi] 18/8/2005 17:23

thanks for your comments... EDV goes ex-dividend on 8/16:
"cash dividend of CDN$0.035 per share, payable on August 31, 2005 to shareholders of record at the close of business on August 16, 2005."
see that the 20 day moving average currently at 2.81

@:

[energyi] 18/8/2005 17:20

Endeavour Mining acquires 1.35 million shares of Adobe

2005-01-07 15:18 ET - News Release

See News Release (C-EDV) Endeavour Mining Capital Corp


Mr. Bill Koutsouras of Endeavour reports

ENDEAVOUR MINING CAPITAL - ACQUISITION OF ADOBE SHARES

Endeavour Mining Capital Corp. has acquired 1.35 million common shares of Adobe Ventures Inc. through public transactions at a price of 35 cents per common share.

Following this acquisition, Endeavour will hold a total of 4,963,500 common shares of Adobe, representing approximately 19.9 per cent of the 24,901,378 common shares currently issued and outstanding. The common shares are being acquired by Endeavour for investment purposes only. Endeavour has no present intention of acquiring other securities of Adobe or disposing of any of the securities of Adobe it holds. Depending on its evaluation of Adobe's business, financial condition, the market for Adobe securities, general economic conditions and other factors, Endeavour may acquire additional securities of Adobe or sell some or all of the securities it holds (subject to compliance with any applicable hold periods under securities laws).

[energyi] 03/8/2005 18:08

Net Asset Values, Historical
--DATE--: Price- --NAV-- -Disc. -HUI--, Ratio:HUI/NAV EDV/Hui ASA EDV/A
08/03/05: C$2.90 C$4.86E -40.3% 209.14, 43.00 Est.... 1.39% 38.80 7.47%
07/29/05: C$2.81 C$4.8-E -40.-% 196.77, 43.00 Est.... 1.43% 37.62 7.47%
07/11/05: C$2.85 C$4.77E -40.3% 205.01, 43.00 Est.... 1.39% 39.38 7.24%
06/30/05: C$2.67 C$4.69A -43.1% 201.56, 42.98 Actual. 1.32% 38.82 6.88%

[energyi] 11/7/2005 22:34

Endeavour Mining Capital - Third quarter results
6/28/05

GEORGE TOWN, Grand Cayman, Jun 28, 2005 (Canada NewsWire via COMTEX) --
Endeavour Mining Capital Corp. ("Endeavour" or "Corporation") recorded a net loss of US$12.2 million or US$0.53 per share (or approximately CDN$0.67 per share) for the third quarter ended May 31, 2005. This compares with a net loss of US$5.8 million or US$0.25 per share (or approximately CDN$0.34 per share) reported for the quarter ended May 31, 2004.

As of May 31, 2005, the net asset value per share was US$3.57 (or approximately CDN$4.48). During the third quarter, the Corporation realized gains on investments of US$2.8 million and generated interest, dividend and fee income of US$0.5 million, however, these gains were offset by unrealized losses on investments held of US$17.4 million. During the third quarter the resource equity markets experienced a sharp decline, which had an impact on the carrying value of several of our investments. The fundamental value of our merchant banking positions remains strong and well positioned for future growth. Management accounts indicate that during June 2005 the Corporation generated investment gains of approximately US$7.5 million to bring the net asset value per share to approximately CDN$4.73 as of market close on June 21, 2005.

For the nine-month period ended May 31, 2005, the Corporation recorded net income of US$9.7 million or US$0.42 per share (or approximately CDN$0.53 per share). This compares with net income of US$18.7 million or US$0.88 per share (or approximately CDN$1.20) reported for the nine-month period ended May 31, 2004.


...MORE Figures:

[energyi] 17/6/2005 22:04

At a 43.5% discount to NAV,
EDV is bl@@dy cheap again !

[energyi] 25/3/2005 09:45

Silver Wheaton's chart, SLW.TO is an EDV core position:


During fiscal 2004, several of our merchant banking investments matured, and certain of these holdings were realized, in whole or in part. We nonetheless retain core merchant banking positions in Bema Gold, Bolivar Gold, Century Mining, Northern Orion, Silver Wheaton and Wheaton River Minerals, among others.

[energyi] 25/3/2005 09:41

TWO Charts

[energyi] 18/3/2005 17:45

Update:

--DATE--: Price- --NAV-- -Disc. -HUI--, Ratio:HUI/NAV EDV/HUI
03/17/05: C$3.58 C$5.02E -28.7% 218.26, 43.50 Est.... 1.64%
02/28/05: C$3.73 c$5.06A -26.3% 215.32, 42.55 Act.... 1.73%
02/04/05: C$3.14 C$4.29E -26.8% 197.39, 46.00 Est.... 1.59%
01/31/05: C$3.22 C$4.38E -26.5% 201.57, 46.00 Est.... 1.60%
01/13/05: C$3.33 C$4.44E -25.0% 204.25, 46.00 Est.... 1.63%
01/06/05: C$3.17 C$4.36E -27.2% 200.46, 46.00 Est.... 1.58%

Note: Div. of 3.5 Cents paid after Feb.28th Close

[energyi] 04/2/2005 20:16

Endeavour Mining declares 3.5-cent semi-annual dividend

2005-02-01 13:49 ET - News Release
Mr. Bill Koutsouras reports

ENDEAVOUR MINING CAPITAL -- DECLARES SEMI-ANNUAL DIVIDEND

Endeavour Mining Capital Corp. has declared a cash dividend of 3.5 cents per share, payable on Feb. 28, 2005, to shareholders of record at the close on Feb. 11, 2005. The corporation's board maintains a policy of paying a semi-annual dividend.

[energyi] 14/1/2005 22:48

Results were AHEAD of expectations, which is why EDV is climbing
in a boring gold market

[energyi] 14/1/2005 22:33

ENDEAVOUR MINING CAPITAL - FIRST QUARTER RESULTS

Endeavour Mining Capital Corp. has recorded a net income of $19.8-million (U.S.), or 86 U.S. cents per share (or approximately $1.02 per share), for the first quarter ended Nov. 30, 2004. This compares with net income of $26.9-million (U.S.) or $1.54 (U.S.) per share (or approximately $2 per share), reported for the quarter ended Nov. 30, 2003. The corporation's continued profitable financial performance reflects the strength of its growing merchant-banking business, where it is providing financial and intellectual capital to a growing list of clients.

The corporation reported total investment income of $22.6-million (U.S.) for the first quarter, with operating expenses of $2.8-million (U.S.), leading to an operating margin of 88 per cent during the period. The corporation captured $11.7-million (U.S.) of realized gains, interest, loan fees and dividends, and recorded unrealized gains of $10.9-million (U.S.) during the quarter. During the first quarter, the corporation's merchant-banking positions continued to perform well and certain of these holdings were liquidated.

As of Nov. 30, 2004, the corporation's investment capital base has grown to $93.3-million (U.S.) (or approximately $4.79 (U.S.) per share), which gives it the financial resources to augment the company's business strategy to take advantage of growth opportunities in a broader range of natural resource sectors. The core merchant-banking positions remain based on metals and a number of special situations in coal, platinum, and oil and gas have been recently added.

[energyi] 06/1/2005 18:50

CURRENCY EXPOSURE...

01/06/05: C$3.17 C$4.09E -22.5% 200.46, 49.00 Est.... 1.58%
12/31/04: C$3.30 C$4.35E -24.1% 215.33, 49.50 Est.... 1.53%
12/21/04: C$3.30 C$4.37E -24.5% 216.22, 49.50 Est.... 1.53%
11/30/04: C$3.65 C$4.79A -23.8% 236.94, 49.47 Actual. 1.54%
10/29/04: C$3.05 C$4.70A -35.1% 233.60, 49.70 Actual. 1.31%
09/30/04: C$3.00 C$4.75A -36.8% 231.38, 48.71 Actual. 1.30%
08/31/04: C$2.85 C$4.17A -31.7% 207.39, 49.73 Actual. 1.37%
07/30/04: C$2.56 C$4.13A -38.0% 186.31, 45.11 Actual. 1.37%
06/30/04: C$2.59 C$4.40A -41.1% 188.94, 42.94 Actual. 1.37%
05/31/04: C$2.90 C$4.60A -37.0% 199.93, 43.46 Actual. 1.45%
04/30/04: C$3.14 C$4.43A -29.1% 178.78, 40.35 Actual. 1.75%
03/26/04: C$4.00 C$5.05A -20.8% 230.58, 45.66 Actual. 1.74%

HUI is in US$, EDV reports in C$.
The stronger C$ exchange rate, has pulled the Ratio UP,
from 40., to near 50.

I LIKE EDV's CHART, and added yesterday at C$3.07

[energyi] 12/11/2004 16:05

SUBJECT: market call monday night Posted By: shortUSA
Post Time: 11/9/04 01:48

EDV got a nice plug on Market Call ...
...advising investor's to simply buy EDV instead of a basket of juniors. Don't know who the guest was, but he refered to EDV as a closed fund, which reveals a little about how the market views EDV, ie. a mutual fund for junior precious metals. The reaction to the latest earnings has been rather disappointing. EDV continues to trade like a junior explorer despite great earnings and a dividend. For now, I'm content to collect the dividends until the market gets a clue.

2/
Yep, it was Frank Holmes, CEO, Global Investors fund. Also, the smaller version of EDV is AUG. The provide a good commbination of mercantile banking, while reaping the benefits of the PM bull market.

[energyi] 12/11/2004 15:57

NICE POP!
Hit C$3.98 today ... News below has helped

Endeavour Mining Capital announces 2004 year-end results
10/29/04


Earnings of US$14.7 million Return on Equity of 26%

GEORGE TOWN, GRAND CAYMAN, Oct 29, 2004 (Canada NewsWire via COMTEX) --
Endeavour Mining Capital Corp. ("Endeavour" or "Corporation") recorded net income of US$14.7 million or US$0.68 per share (or approximately CDN$0.89 per share) for the year ended August 31, 2004. This compares with net income of US$17.4 million or US$1.12 per share (or approximately CDN$1.55 per share) recorded for the year ended August 31, 2003.

The Corporation's performance during fiscal 2004, building on 2003 and 2002's results, continues to demonstrate our ability to generate strong earnings and growth. During fiscal 2004, total investment income was US$19.1 million which compares to US$22.2 million during fiscal 2003. Despite soft mining equity markets in both the Third and Fourth Quarters of fiscal 2004, our mining merchant banking business plan was highly profitable and generated a return on equity of 26% for the year, which compares to 71% during fiscal 2003. The continued high return on equity performance in 2004 reflects solid performance of our core merchant banking positions and our increased emphasis on originating loans and convertible debentures. Our portfolio allocation to debt-related investments was 14.6% as of August 31, 2004, which compares to 3.6% as of August 31, 2003. The Corporation maintains a flexible investment approach which allows it to prosper in changing market conditions.

As of August 31, 2004, the Corporation's investment capital base was US$73.5 million or US$3.18 per share (or approximately CDN$4.17 per share) which compares to US$41.7 million or US$2.68 per share (or approximately CDN$3.71 per share) as of August 31, 2003. Several of the corporation's relatively new merchant banking investments are showing strong return potential and the Corporation is well positioned to continue achieving strong earnings. As of September 30, 2004, the Corporation's net asset value was US$3.75 per share (or approximately CDN$4.75 per share).

[energyi] 03/11/2004 01:10

Revised - Endeavour Mining Capital - Listing of share purchase warrants
GEORGE TOWN, BC, March 19 /CNW/ - Endeavour Mining Capital Corp.
(the "Corporation") announces that it has obtained the Toronto Stock Exchange
approval for the listing of 3,625,000 share purchase warrants of the
Corporation issued in a private placement which closed on November 10, 2003.
The warrants will commence trading on the Toronto Stock Exchange under the
symbol EDV.WT on Tuesday, March 23, 2004, not Monday, March 22 as stated in a
release earlier today. Each whole warrant entitles the holder, upon exercise,
to purchase one share of the Corporation at an exercise price of CDN$5.50 at
any time prior to 5:00 p.m. (Toronto time) on November 10, 2008.
Endeavour Mining Capital Corp. is a publicly traded mining merchant
banking company. We provide finance to mining companies to fund their project
development, strategic initiatives, and growth and we offer investors a unique
and profitable way to invest in metals and mining operations.
For additional information, please visit our corporate website,
www.endeavourminingcapital.com.

[energyi] 29/9/2004 07:48

moderated? why?

--DATE--: Price- --NAV-- -Disc. -HUI--, Ratio:HUI/NAV EDV/HUI
10/29/04: C$3.05 C$4.77E -36.1% 233.60, 49.00 Est.... 1.31%
09/30/04: C$3.00 C$4.75A -36.8% 231.38, 48.71 Actual. 1.30%
08/31/04: C$2.85 C$4.17A -31.7% 207.39, 49.73 Actual. 1.37%
07/30/04: C$2.56 C$4.13A -38.0% 186.31, 45.11 Actual. 1.37%
06/30/04: C$2.59 C$4.40A -41.1% 188.94, 42.94 Actual. 1.37%
05/31/04: C$2.90 C$4.60A -37.0% 199.93, 43.46 Actual. 1.45%
04/30/04: C$3.14 C$4.43A -29.1% 178.78, 40.35 Actual. 1.75%
03/26/04: C$4.00 C$5.05A -20.8% 230.58, 45.66 Actual. 1.74%