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Author Topic: EDV may be the best bet in mining
BCmouser
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Endeavor is based in the Cayman Islands and is subject to no direct taxation. They’ve covered all of their bases. The management of Endeavor receives an annual management fee of 2% on the first $50 US million of net assets, 1.5% on the next $50 US million and 1% on amounts in excess of $100 US million. Further, as a performance incentive, following the first 15% return on equity for Endeavor Mining, their management receives 20% of additional annual profits. Thus, their desire to generate great profits is truly in their best interest

The first two quarters of operations have already proven quite successful for the fledgling public company. Endeavor Mining posted net earnings of $0.76 C. in their December 31 quarter and recently announced $0.12 C. for their March 31 quarter. Given their current share price of $2.00 C., and their working capital of over $28,000,000 C. the company appears to be incredibly undervalued. By now you must be asking yourself why the stock is so cheap. I did!

I believe that Endeavor Mining temporarily resides on the bargain counter. I feel that the reason the market has overlooked this gem is the fact that investors do not understand the company’s fundamentals. Yes, they finance companies who are desperately in need of capital, from which they derive interest and some fees. But, what I believe that the market does not understand is the enormous profit that they generate when they exercise their warrants. One example should suffice. When Endeavor financed Wheaten River they received warrants that were exercisable at $0.50 C. Today, Wheaton is trading at $1.67.

When you acquire shares of Endeavor Capital you are not only benefiting from the financial and managerial expertise of its directors but also from the “free” warrants accompanying each deal. I believe that as the Bull Markets in both gold and gold mining equities matures, Endeavor Mining will blossom. The only company that I can liken it to is Franco-Nevada Mining Co. which recently merged with Newmont Mining. It was essentially a royalty based holding company. It profited from the income generated from the various royalties that it possessed on producing mines. Endeavor Mining should similarly profit. But for them it will stem from exercising their cheaply acquired warrants, at a substantial premium to their cost basis, after they give the shares a reason to trade at higher levels.

November
2003
Endeavor Mining Capital released an impressive earnings report. It amounted to about $23 C. million or $1.55 C. per share for the year ending August 31, 2003. This increased their investment capital base from about $36 C. million to about $56 C. million. Additionally, their current net asset value of $3.71 C. remains less than their share price. I continue to believe that the marketplace is only now beginning to recognize their potential. I am confident that they will one day trade in excess to their NAV which will likely trend considerably higher.

December
2003 Endeavor Mining Capital announced the issuance of semi-annual dividends. They anticipate their first of $0.035 C. per share to occur in February, 2004. Additionally, they closed a $25 C. million equity financing. This gives Endeavor a substantial amount of working capital which will enable them to take the company to their next stage, and to finance larger and likely more profitable projects.

February
2004 In my opinion, Endeavor Mining Capital remains completely misunderstood by the marketplace. This week they released their earnings for their November 30, quarter. It was an astounding $26.9 U.S. million. As usual the market took it with a yawn. This is nearly $2 C. per share. Given the fact that the company is only trading at $4.13 C. I believe that this company likely represents the most undervalued company in the industry. If you will recall, they not only receive payment for advising junior companies but they also have the first opportunity to finance them. This allows them to acquire shares and warrants in companies that they will help direct, before their share prices have reflected the effect of their input. Endeavor’s board boasts among the most successful people in the mining industry.


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blue_in_MI
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i like this one, thanks for the post bcmouser. my limit buy finally triggered today. after BTP.V i'm always hesitant to buy *anything* related to canada and mining, but - this one i liked enough to take a small position today.
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BCmouser
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BTP I noticed dropped down to .085 here . I am watching for a bottom here and news of their drilling. Still hold a sizeable chunk of BTP as well. Palladium prices are in the dumps but are bound to bounce here soon.

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The Mouse

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BCmouser
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More news for EDV today.Endeavour Mining Capital - Acquisition of Adobe shares
1/7/05

Toronto Stock Exchange - EDV

GEORGE TOWN, GRAND CAYMAN, Jan 07, 2005 (Canada NewsWire via COMTEX) --
Endeavour Mining Capital Corp. ("Endeavour" or "Corporation") announces that it had acquired 1,350,000 Common Shares of Adobe Ventures Inc. ("Adobe") (AV on TSXV) through public transactions at a price of $0.35 per common share.

Following this acquisition, Endeavour will hold a total of 4,963,500 common shares of Adobe, representing approximately 19.9% 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 Adobes' 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).

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 way to invest in metals and mining operations.

For additional information, please visit our corporate website, www.endeavourminingcapital.com.

On behalf of Endeavour Mining Capital Corp. "Bill Koutsouras" Chief Financial Officer, Director & Secretary

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking statements relating to the future performance of Endeavour Mining Capital Corp. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Corporation's filings with the appropriate securities commissions.

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The Mouse

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BCmouser
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Endeavour Mining earns $19.8-million (U.S.) in Q1

2005-01-13 23:28 ET - News Release


Mr. Bill Koutsouras reports

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 per share), which gives us 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.

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The Mouse

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blue_in_MI
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looks good to me, glad i got in last week. a buck a share profit in the last Q for a $3 and change stock - not too shabby. i'm a-holdin', want to see how this one plays out. maybe more and people will notice what a bargain this one sure seems to be.

interesting comments about their branching out into coal and oil. one of the reasons i liked this one in the first place was their "built-in diversification", now they are even more diversified. i also like how they can make $ even if metals head downwards, but if they head upwards and junior minors ever come back from their collapse of the last year - they could make a serious *lot* of money on warrants etc.. we shall see how it plays out, i may add some more of this one.

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BCmouser
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Yes, blue I am in the process of selling off some OTCBB dogs and buying more EDV . Dividend dueout in February. This gem will probably double and provide a divvy on the way.

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The Mouse

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blue_in_MI
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check out the volume explosion on NTO the last 2 days, based on takeover rumors.

unless i'm mistaken, EDV holds substantial cheap warrants in EDV (somebody correct me if i'm wrong)? *if* the takeover happens and NTO shoots up, could be a nice boost for EDV. we shall see

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blue_in_MI
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interesting news for AV.V today - EDV.TO holds almost 5M shares of Adobe. AV.V was sub-.45 a few weeks ago, spread now is .71x.90 on sardegna news release today. a pretty small piece of the pie, EDV seems to have ~$93M. but - if AV.V ends up having a nice run, would certainly help EDV.
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BCmouser
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Endeavour Mining provides financing to Century Mining
3/8/05

Toronto Stock Exchange - EDV

GEORGE TOWN, Grand Cayman, Mar 08, 2005 (Canada NewsWire via COMTEX) --
Endeavour Mining Capital Corp. ("Endeavour") of PO Box 1793 GT, Cayman Corporate Centre, 1st Floor, 27 Hospital Road, George Town, Grand Cayman, has purchased $7,865,000 principal amount of convertible debentures of Century Mining Corporation ("Century").

The debentures were issued pursuant to an amended and restated trust indenture dated March 7, 2005 between Century and Computershare Trust Company of Canada (the "Indenture"). Of these convertible debentures, $1,065,000 principal amount were issued March 7, 2005 and are convertible into common shares of Century at a price of $0.44 per common share, and $6,800,000 principal amount were issued September 15, 2004 and are convertible into common shares of Century at a price of $0.51 per common share.

In addition, Endeavour was issued 2,420,454 share purchase warrants on March 7, 2005, each entitling it to acquire one common share of Century at a price of $0.44 per common share.

The convertible debentures and warrants may not be converted or exercised, as the case may be, if the result would be that the holder and its affiliates would acquire common shares amounting to 20% or more of the issued and outstanding common shares of Century at the time of such conversion (in the case of the convertible debentures, such calculation giving effect to the conversion or exercise of all additional warrants, options or other convertible securities of Century which a holder may hold), unless, in the case of the convertible debentures, prior shareholder approval has been obtained from over 50% of the holders of Century's common shares. If such shareholder approval was obtained and all of the foregoing convertible debentures were converted, and if all of the warrants were exercised, it would result in the issuance of 18,174,241 common shares of Century, being approximately 36% of Century's issued and outstanding shares after giving effect to such issuance but without giving effect to the issuance of common shares of Century pursuant to any other outstanding convertible debentures, warrants, options or other convertible securities of Century.

The convertible debentures and warrants were acquired by Endeavour solely for investment purposes.

Endeavour Mining Capital Corp. is a publicly traded mining merchant banking company. The Corporation, established in the Cayman Islands, has its shares listed on the TSX in Canada. We provide finance to mining companies to fund their project development, strategic initiatives, and growth.

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The Mouse

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blue_in_MI
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pretty interesting, a relatively large wager by EDV on century. off to a good start: century up 18% today. really like EDV, if it ever dips again i'll buy some more.
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BCmouser
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EDV already some interest in CMM I believe, but they obviously see some upside in giving them more cash to get into production. My guess is they went and had a look and thought " I think this will make some money".JMHO

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The Mouse

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blue_in_MI
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NAV up almost 8% to 5.09C this month, very nice. trading at a 29.4% discount to NAV, by my calculator. holding what i got, and looking for more
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blue_in_MI
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whoa, 25x normal volume today based on some massive trades - what's up? looking good - a nice day for EDV despite the bad day for gold, am holding.
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BCmouser
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Think those two crosses had to be institution or insiders. Normal investors dont plop over two million down on one company at one time. Must be more big boys seeing the value here. Just look at how some of their holdings have done. FST, WRM, ELR, AV, CMM just to name a few.

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The Mouse

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blue_in_MI
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still holding this one, *very* impressive yearly results. pushing the yearly high again, will be interesting to see if it can finally break through resistance at $4.
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BCmouser
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After hitting 4.35 pulling back a bit here and may provide another good buying opportunity. Latest NAV out for NOV - $5.45 per share CAN

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The Mouse

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BCmouser
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Been a steady riser form the 2.50 mark when I first jumped in heavily. But the best is yet to come I believe as metals will have a banner year-look for gold to do well and silver to do even better % wise.

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The Mouse

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BCmouser
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Just thought I would update - my buys at 2.50 are now looking very good -up 140% or so , not counting the divs received. And as I said earlier the best is yet to come. Have a look at how CMM has reacted lately -and its just starting to roll. Last week EDV was busily converting debentures into CMM stock at .44 and .51 - CMM finished trading friday * .60

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The Mouse

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BCmouser
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You still holding ,blue? Nice run this past few weeks huh, closed at 8.92 Gettin very close to a home run.

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The Mouse

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BOB, Long since .81 Huge copper play shaping up
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paulbest
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yes Endeavour is a good pick. Wish I had seen it 4 months ago.
Day late and a $ short.
Anyone wish to give me their opinion of Atlas mining, ALMI.ob.
Has the world's only PURE hollowsite clay, that nano stuff. A mine in new zealand has the clay but not as pure. Also ALMI just got a german company to hook up with them for european dist.
+ there is a nono science company working exclusively with Atlas, Can't recall the name and does trade. Anyone know the symbol?
There's more, Atla s has a 50/50 JV with Kit mines to work in Newfoundland. News today.
The property holds some assays at 2-5 oz gold /ton for several feet.
+ they have a few $'s comming in for the engineering work on the sunshine silver mine in Idaho.
Any opinions?

Yes copper and zinc will rocket. But also LOOK AT NICKEL!!!! Inventories going straight down.
This site should have more topics for small cap mining stocks and small cap energy stocks.

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Do not invest on any of my suggestions

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blue_in_MI
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still holding EDV, bcmouser: nice to see a rebound after the dip to about 8. holding 3 metal stocks for the last 2-3 years: NTO, EDV.TO, and ROK.V; no intention to sell any of these anytime soon.

nice bump-up in the NAV this month: 8.39.

quote:
Originally posted by BCmouser:
You still holding ,blue? Nice run this past few weeks huh, closed at 8.92 Gettin very close to a home run.


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foxtrot6
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Nothing new here in some time, anyone still in? Is this one as good as it looks?
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chehtet
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Bollinger Bands has closed above bottom band by 18%; Bollinger Bands are 95.4% wider than normal.The large width of the bands suggest high volatility as compared to EDV.TO's normal range. The bands have been in this wide range for 12 bars. This is often a sign that the current trend may be ending.
http://canada.stoxline.com/q_ca.php?s=edv.to

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