Endeavour Mining (EDV.TO, EDVMF) Message Board

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

EDV.TO 82.20

-1.0%

Feb 10 3:59 PM EST

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To: Madharry who wrote (318)	3/4/2008 9:42:46 PM
From: Madharry	Read Replies (1) of 544

i sold my position in sherritt s.to . I needed the funds to build a position in Vangold Resources. a company that seems to be flying under the radar of many because of its lowly market cap of about $35 million. the company has several investments some of which trade publically. and my back of the envelope scribblings indicated there was some value there. I contacted the ir gentleman for furthur info and he opined that that that the assets in the company were worth in excess of $1.26 per share. I decided to establish a decent position at $.455 today. I am perfectly willing to hold this for a couple of years waiting for things to develop as I feel management is pretty creative in their investments. they seem to buy assets wherever they think they can get a good deal which I like. There seems to be little coverage of this company anywhere. I expect that too will change in the next few years. I also tried to repurchase some plg.to i had sold at higher prices but my limit did not hit.

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