Endeavour Mining (EDV.TO, EDVMF) Message Board

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Gold/Mining/Energy : Endeavour Mining (EDV.TO, EDVMF)

EDV.TO 74.67

-0.2%

Jan 16 9:30 AM EST

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To: Madharry who wrote (235)	10/18/2007 3:48:37 AM
From: Madharry	Read Replies (1) of 544

MFCAF has now become my largest portfolio position with the strong move in recent days. I ve decided that I will hold this at least until it gets listed somewhere and then reassess. This was a spin-off from khd, that fit the parameters to a t of the type of spinoff one should purchase according to Joel Greenblatt's first book, which I highly recommend. the information on it was very sketchy but the company has released a financial statment fo r 12/31/06 here: massfinancialcorp.com It would appear the Mr. Smith, who has done a fine job with the predecessor company is now back to doing what he does best, and I am content to give him some of my money to manage. Especially given that the company holds shares in khd, a khd affiliate, and fully owns a swiss bank as well as other assets that I believe continue to make this worthwhile investment. The debt on the books represents a long term note payable to khd at about 4% interest in us dollars if im not mistaken. please do your own dilligence.

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