Endeavour Silver Corp (EXK)

[jist1]

Strange. I had no problems with audio. Basically he said that the deal was a win/win for both company's. The financing situation was costly for Canarc and it made sense for Endeavor because they had more capabilities on the financial side required to move forward with the project. He mentioned that the substantial gain for Canarc could help in potential future acquisitions. He also made it clear that he was not involved in the negotiations and that it was actually very frustrating for him. My read of the tea leaves is that EXK is looking to expand rapidly and at the same time reduce AISC. Of course that is probably the focus of most mining executives based on world economic situation. I look forward to a positive announcement soon on El Cubo. He essentially stated it is forthcoming. Also, he mentioned potential acquisitions. Sounds like plenty of news coming in the near future.