Endomines: Offering underway, uncertainties remain - Evli Research
Endomines seeks to raise gross proceeds of EUR 13m (SEK 141m), the proceedings are used especially for exploration activities along the Karelian gold line.
The investment case relies on the successfulness of the company’s exploration activities, for which visibility remains low. Additionally, we see clear risks in the value realization of the company’s United States asset portfolio. We decrease our TP to SEK 59 (64), HOLD-rating intact.
Länk till analysen i sin helhet: https://www.evli.com/hubfs/ERP/Raportit/Endomines/Endomines%20221202%20Company%20update.pdf
