Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Endeavour Mining (EDV.TO, EDVMF) -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (435)	5/16/2009 8:05:37 PM
From: Madharry	Respond to of 544

I continue to own a position, not a big one. I read the transcript and they are trying to put together a big gold deal, but havent done so yet, they are very closed mouthed about their other positions and warrants, im surprised that they have gone down so much in value in the past year. As far as im concerned there continue to be major credibility issues. I keep hoping that they will realize the folly of their ways and provide some reasonable disclosure to shareholders but I havent see it happen, and sooner or later I will pull the plug on this one, take some short term losses and move on. I went to the hard assets conference in New York, and had a lengthy conversation with folks from pelangio/detour gold, and heard the presentation on pelangio exploration. I continue to be a strong shareholder in both companies. I also spoke to the geologist of als.to at length. He was very impressive to me, he said that they had looked at several hundred opportunities, maybe a hundred in detail and made bids on four, none of which came to fruition. He said they are in no hurry to make a deal just to make a deal and are comfortable waiting for the right opportunity. If you think precious metals are going to appreciate as i do the Sentry Select prime metal fund sells at a nice discount and 60% of their shares are in the precious metals arena.

To: Sultan who wrote (435)	9/24/2009 2:57:02 AM
From: Madharry	Read Replies (1) \| Respond to of 544

* Etruscan to sell shares to Endeavour Financial at C$0.30/shr * Endeavour to also buy shares, warrants from other holders * Endeavour to own 54 pct of Etruscan shares Sept 23 (Reuters) - Etruscan Resources Inc (EET.TO) said it would get $43 million equity financing from Endeavour Financial Corp (EDV.TO), helping it to repay debt and repurchase about half of its $700 per ounce gold call options. Etruscan offered its shares at C$0.30 apiece, a discount of 23 percent to the stock's Tuesday close. Endeavour also agreed to buy about 26.3 million Etruscan shares and 6.9 million share purchase warrants from Kirkland Intertrade Corp and 2190776 Ontario Inc, the company said in a statement. Endeavour will hold about 54 percent of issued and outstanding common shares of Etruscan, after completion of the placement, purchase of shares and assuming the exercise of warrants. Etruscan shares were down 9 percent, or 3.5 Canadian cents, at 35.5 Canadian cents in midday trade Wednesday on the Toronto Stock Exchange. Endeavour shares were up 2 percent at C$1.80. (Reporting by Amit Kumar in Bangalore; Editing by Ratul Ray Chaudhuri)