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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (22438)	11/6/2005 7:20:12 PM
From: Bob Rudd	Respond to of 78732

OT Spyware: I'm a big advocate of multiple anti-spyware programs. Spywareblaster PREVENTS ~5,000 malware variants from getting their hooks in...the other two I rec'd, Spybot and Adaware, detect & remove...between the two, they get most overthing. Every program has gaps in it's coverage...that'w why all are rec'd...not just pick one from the list.

To: Madharry who wrote (22438)	11/10/2005 8:18:21 PM
From: Madharry	Read Replies (1) \| Respond to of 78732

This will be my last post on EDV.TO unless I get some indication of interest. I appreciate your indulgence. I got this email from the pr firm representing the company and it seems quite accurate to me S: Endeavour Mining Capital is a merchant banking company focused on the resource markets. They have an incredible track record boasting an average 49% ROI in the last four years of business - consistently beating the indices every year. The Company pays a modest dividend and is one of the most profitable resource related companies on the TSX Stock Exchange. The company marries money and management to mineralization – meaning they fund aggressive management teams who can source big, lucrative resource assets to build companies and create value. The first two years of business they focused on precious metals but have recently been involved in oil, gas, uranium, coal, and base metals. When you are buying Endeavour you are essentially getting a position in ground floor opportunities that offer incredible leverage. Although the Company has a great track record, the market hasn’t appreciated the Company’s business model with shares trading at an average of 30% discount to its Net Asset Value and trading at a PE Ratio of less than 4 times since inception. This is where the opportunity lies. On Thursday October 27th, 2005 the Company appointed Frank Holmes and U.S. Global Investors as Chairman and Equity Investment Advisor. Frank Holmes manages over $2B in the resource markets and the funds shareholders have benefited from peer leading performance year over year. His ability to time market cycles brings yet another unique advantage to Endeavour’s business model. In this market Endeavour should continue beating the indices substantially. In the Company’s conference call on Tuesday Frank Holmes felt that the Company should trade a premium to NAV – not a discount to the books. When asked how this was going to be accomplished, the answer was simple. He said “Branding the Company’s superior track record and business model.” The Company now has a leader with incredible presence in the industry, media and investment community to let them know how the business model is going to benefit shareholders……Not to mention respect of the institutions, analysts, fund managers and investors world wide that could quickly close the large discount to NAV that has previously plagued the stock. Conclusion Endeavour offers big leverage in a bull market and limited downside in a poor market as their track records says (2004 was a very poor market for precious metals and they still managed a 26% ROI). Endeavour also has exposure to a number of companies in a large range of development stages from private deals to producers giving a good asset mix to the portfolio. The Company trades a steep discount to NAV which represents an opportunity to buy undervalued shares. The upside is twofold: 1) Increase in NAV potential in this resource bull market and 2) the discount to NAV is going to shrink dramatically. With the new appointment of Frank Holmes, the company has a much wider audience and good potential for gains.