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Endeavour Silver Corp. Message Board

shiftsuper175607 151 posts  |  Last Activity: 9 hours ago Member since: Oct 26, 2002
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  • Do a search on this Bloomberg story. It doesn't look good on reduced supply for a long time.

  • shiftsuper175607 by shiftsuper175607 Mar 5, 2015 10:11 AM Flag

    Bullion inventory at year-end of 418,564 oz silver and 1,052 oz gold, up sharply year-on-year
    • Concentrate inventory at year-end of 88,518 oz silver and 1,326 oz gold, also up sharply
    • Cash and equivalents decreased 11% to $31.0 million at year-end compared to $35.0 million
    _____________________________________________
    If they had sold this inventory their results would have met expectations excluding write downs.

  • shiftsuper175607 by shiftsuper175607 Mar 5, 2015 9:41 AM Flag

    Endeavour Silver Corp. (EXK) (NYSE: EXK) (TSX: EDR) (FRANKFURT: EJD) announces its financial results for the year ended December 31, 2014, based on the Company's 10th consecutive year of growing silver production. Endeavour owns and operates three underground silver-gold mines in Mexico: the Guanaceví mine in Durango state, and the Bolañitos and El Cubo mines in Guanajuato state.

    The complete financial statements and Management's Discussion & Analysis can be viewed on the Company's website, All shareholders can receive a hard copy of the Company's complete audited financial statements free of charge upon request. All amounts are reported in US$.

    Highlights of Fiscal 2014 (Compared to Fiscal 2013)

    Financial
    • Net loss of $74.5 million ($0.74 per share) which includes a $83.0 million impairment of the El Cubo mine compared to a loss of $89.5 million ($0.90 per share) which included a $135.1 million impairment on the Guanaceví and El Cubo mines plus El Cubo goodwill
    • Adjusted earnings (loss)(1) decreased 256% to $17.2 million ($0.17 loss per share) compared to adjusted earnings of $11.1 million ($0.11 per share)
    • EBITDA(1) decreased 55% to $42.6 million
    • Cash flow from operations before working capital changes decreased 64% to $29.3 million
    • Mine operating cash flow(1) decreased 40% to $70.5 million
    • Revenue decreased 29% to $196.9 million
    • Realized silver price decreased 19% to $18.76 per ounce (oz) sold (consistent with 2014 average spot price)
    • Realized gold price decreased 7% to $1,273 per oz sold (consistent with 2014 average spot price)
    • Cash costs(1) increased 5% to $8.31 per oz silver payable (net of gold credits)
    • All-in sustaining costs decreased 8% to $16.79 per oz

  • shiftsuper175607 by shiftsuper175607 Mar 4, 2015 6:53 PM Flag

    CEO thought prices would turn up months ago. He has worked hard to help us weather this storm.
    But, we need higher silver prices...soon!

  • shiftsuper175607 shiftsuper175607 Mar 4, 2015 6:50 PM Flag

    Why would you not immediately put and ID on ignore that ridicules stockholders. You know they will be biased in their posts.

  • shiftsuper175607 shiftsuper175607 Mar 4, 2015 3:09 PM Flag

    Very good points in your post until the last sentence. Cars bought that are less efficient. More miles driven by many, those are underlying demand. Not to mention China growth and U.S. growth.

  • Reply to

    Why Bother Knowing Rig Count Data?

    by the_professional_trader Mar 3, 2015 4:00 PM
    shiftsuper175607 shiftsuper175607 Mar 3, 2015 9:02 PM Flag

    the_professional_trader,

    I don't know what you are trying to do with your post. Evidently you do not have a clue about the oil drilling business. @@@@ are your statements.

    @@@@ "One does NOT know the "% completion of the drilling rig" ~"

    What the heck is that about? Once a rig starts drilling...it completes a well to the point it is declared a dry hole or they hit oil of a production quantity. This takes a few weeks at most.

    I don't know if there are any 25,000 foot deep wells...maybe out in the ocean somewhere.

    @@@@What is the current PRODUCTION flow rate of the well? 0%, 25%, 50%, or 100%

    Again what is this about?
    They do use chokes on some wells to control the pressure, but wells are allowed to flow what they will. The production has a decline rate as the pressure falls off. Different depths have different pressures to force the oil out. Oil reservoir wells have pumps to pump the oil at a steady rate.

    @@@@It is very difficult to use rig counts to make any specific conclusion on oil production ... WHEN and HOW MUCH.

    This is not true. A driller knows very well what a well may do if the area has been derisked by drilling all around. You can verify that by how many rigs are drilling in an area. They drill where they expect the best production. They know how many wells they can drill with a rig in a year and report this in there capital spending plans.

  • Reply to

    PGH dividend

    by oilersbeats Mar 2, 2015 4:22 PM
    shiftsuper175607 shiftsuper175607 Mar 2, 2015 4:26 PM Flag

    not enough information. the price of the oil is needed.

  • Reply to

    RIGS

    by tradefordollars Mar 1, 2015 1:53 PM
    shiftsuper175607 shiftsuper175607 Mar 2, 2015 8:34 AM Flag

    It is not the rig...it is the personnel. The longer the time that passes the workers find other work. You can take experienced workers off of working rigs and hire new workers to get an idled rig going again. You have safety training and learning how to do everything.

    The rig just drills the well...it does not put it in production. That comes after completion (fracking) and hookup to piping or a tank battery.

  • shiftsuper175607 shiftsuper175607 Mar 1, 2015 10:19 PM Flag

    They have pretty good hedging for 2016 also.

  • shiftsuper175607 shiftsuper175607 Feb 27, 2015 3:59 PM Flag

    idccnokia2006,
    That is how I based my reply to you (pasted below) on February 6th ?
    I was counting wells drilled each month and accumulating for the year.

    Good point...the production falls faster as time passes.
    ________________________________________________

    Probably closer to 500,000 bbl/day for 100 rigs
    So, 500 rigs would be 2 and 1/2 million barrels in a year
    One former CEO ( I think Exxon) said production could fall by 5 million barrels in the US after one year.
    It is not just that the new wells are producing they are also replacing the declining production of the old wells. The fracked wells from the last 5 years are the biggest decliners. So, you have many wells declining...plus the lost production not drilled.

  • shiftsuper175607 shiftsuper175607 Feb 27, 2015 1:13 PM Flag

    Lindberg is really about twice that production(and growing). That was just the Last week in February numbers of production for one the new well pads.

  • Reply to

    PGH is the Find of the Century?

    by danielle0855 Feb 26, 2015 3:57 PM
    shiftsuper175607 shiftsuper175607 Feb 27, 2015 9:34 AM Flag

    Your thread title says "PGH is the Find of the Century?"

    Yet, nothing about that in the body of your message.

    What do you mean by that? In one way you are making a statement...by the wording of it...and another it is a question...more a challenge.

  • shiftsuper175607 shiftsuper175607 Feb 27, 2015 9:11 AM Flag

    jimmydoe1248,
    You said last year...
    i live in california and my cousin works with the governors office in the building division. he told me something that the bashers wont like."

    I guess you can tell us now what it was, since TMEN has closed up.
    It wasn't a lie was it?
    That should be very interesting to hear.

  • Reply to

    I guess Zack was embarrassed

    by brmi12345 Feb 26, 2015 8:41 PM
    shiftsuper175607 shiftsuper175607 Feb 26, 2015 10:08 PM Flag

    I think he was part of the e-mail group with investorchicago_66_upa.

    The grapevine group, I think they called it

    He probably contacted zack_henry42 and told him to remove that post.

  • Reply to

    I guess Zack was embarrassed

    by brmi12345 Feb 26, 2015 8:41 PM
    shiftsuper175607 shiftsuper175607 Feb 26, 2015 9:14 PM Flag

    He said something about Mr. Landegger leaving the company and that Thermoenergy is finished and his 200,000 shares are worthless.

    Is that right?

  • Reply to

    zack_henry42 would rather fight than switch

    by shiftsuper175607 Feb 26, 2015 12:18 PM
    shiftsuper175607 shiftsuper175607 Feb 26, 2015 12:51 PM Flag

    Well, at least you finally admit that I did know it all.
    Is it bad to have someone on a message board who knows the techs and states it?
    Would you rather just have ignorance and bias?
    I have power plant and water treatment experience...a lot of it...and I have no angst against this company. At first I thought it would be a possible investment, but it had too many failures and weaknesses.
    You should have listened to me. I could have saved you tens of thousands of dollars on your 200,000 shares. Lord knows I tried. I told you about the Oxy system pressure problem and that the techs for the water were not suitable for fracking. I HAVE known it all for years, and tried to tell everyone. Not up in your face, but logically and educationally. I even showed on this board where the CEO and Chief engineer said the techs were not needed in their own words on the conference call and in one of the publications.

    Odd that you are mad at me for trying to warn you.

    The time was not wasted if someone did not invest or sold before this final collapse.

    "probably" done does not sound like acceptance.

  • shiftsuper175607 by shiftsuper175607 Feb 26, 2015 12:18 PM Flag

    He started a thread, I reply, also another...he would rather argue than discuss the stock and company.
    I replied with questions and respect.

    It seems it is that way with everyone here.
    He then grips about the other poster making stuff up and THEN makes up stuff about the other poster...totally irony on this board.

    TMEN should change it's name to SOAP

    for soap opera.

  • Reply to

    Anyone expect filings within the next 4-6 weeks?

    by frogger64 Jan 7, 2015 10:58 PM
    shiftsuper175607 shiftsuper175607 Feb 25, 2015 1:19 PM Flag

    I am not sure what you mean by "material non-public information"
    The information was posted by three different people on this message board.
    Any one in that area can drive by and look in the windows or knock on the door.

    Anyone can call and see if the phone gives a busy signal.

    If no one is there any more...who would put out the PR?
    If there is no money for anything...who would pay the costs?

    It can be confirmed or disproved if you drive to the headquarters or call the phone number.

  • Reply to

    Anyone expect filings within the next 4-6 weeks?

    by frogger64 Jan 7, 2015 10:58 PM
    shiftsuper175607 shiftsuper175607 Feb 24, 2015 9:53 PM Flag

    frogger64,
    The 6 weeks have past and there has been nothing from the company.
    The latest report is that the phone only returns a busy signal and a look through the headquarters windows shows disarray.
    Indications is that their money became exhaust and all personnel have left.

    I hope you were not deeply invested here.

EXK
1.96-0.09(-4.39%)Mar 6 4:02 PMEST

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