Van Eck has increased their position in Endeavour Silver by slightly over one million shares to a total position of slightly over eight million shares as of the most recent (last) INT reporting date.
The Van Eck Global Hard Assets Fund seeks long-term capital appreciation by investing primarily in hard asset securities. Income is a secondary consideration.
•Actively managed commodity-equities portfolio investing in companies involved in the exploration, production and distribution of hard assets
•Offers exposure to energy, precious and base metals, agriculture, alternative energy and other hard assets
•Expertly managed by a 12-person investment team that is among the industry’s largest, and includes trained geologists and senior analysts with deep sector experience
•Investment approach focuses on company research and skillful stock selection, as well as disciplined risk management.
Joseph Foster - Van Eck portfolio manager - interview - see their home page
"There been a lot of indiscriminate selling. Many of the top holdings are selling at valuations not seen since gold was trading for $250 an ounce in the 1990's." "To distinguish between the mother lode and fool's gold," he goes on and on to say that "study reports" "are for his own estimates for the volume and quality likely to come out of a mine."
I know that they are clients of a heat mapping that I have mentioned here. They were and still are the largest EXK share holder.
Unfortunately, Van Exk does not control the price of silver which has drastically fallen to $18.85 as of this post. How can any miner make money at this price. Tomorrow is not lining up for a positive day for EXK. Capitulation??? We can only hope. In any event, tomorrow will offer new entry points for first term investors. As for the rest of us, the suffering is nearly intolerable. GLTA
Patience is a virtue. Will see who wins in the long run... My money is on the longs literally. I recently added to my position. And yes it may go down in the short term, I don't need caninecunning to tell me that. But if EXK doesn't go bankrupt, I know that within the next couple years I will be doubling or tripling my investment.