"Oh look, Endeavour Silver (EDR.to) (EXK) just spent a third of its market cap on a piece of shit asset and thinks the deal is non-dilutive"
"Our strategy to acquire under-performing mines in historic districts for their turn-around and expansion potential does entail a certain amount of ''short term pain'' but our track record shows it can create exceptional ''long term gain''. I would like to thank our shareholders for their patience during this turn-around period at El Cubo."
...and oh how we laughed.
"...we plan to mine the accessible reserves this year at El Cubo and have suspended investments on exploration and mine development there until metal prices improve. That means El Cubo will see a steady decline of production through the year until it goes on care and maintenance in the fourth quarter." Continues here