Tuesday
Mar152011
TWENTY OZS OF ENDEAVOUR SILVER TO BE WON
Tuesday, March 15, 2011 at 08:04PM That’s right! Its competition time and Endeavour Silver Corporation (NYSE:EXK) have very kindly donated the prize of 20 ozs of 99.9% pure silver coins, so get your thinking hats on.
All you have to do is calculate, estimate or guess the last traded price on Friday, 25th March 2011, of the Endeavour Silver Call Options, with a strike price of $10.00 of the May 2011 series.
To gain an understanding of this silver producer you are advised to visit their web site by clicking this link: Endeavour Silver Corporation.
Endeavour Silver Corporation is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted six consecutive years of aggressive silver production and resource growth. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition program should help Endeavour achieve its goal to become the next premier mid-tier primary silver producer.
For an interesting read to bring you up to speed its worth spending a few minutes reading about the history of silver, its industrial and health applications and its longevity as a currency going back to 2500 BC, please click this link:
Facts and History.
For disclosure purposes we do own this stock.
The rules are as follows:
1. All entries must be entered in the comments box under the post on www.silver-prices.net
2. Entries will not be accepted after the closing date of Sunday 20th March
3. If there are identical entries then the entry which we received first will take precedence.
4. There is only one prize and that is for the winner
5. As judges our decision is final
6. Do not email your entry to us as it will be disregarded.
7. Only one entry per person please.
This is a link to the Options page that might also help you: Endeavour
As a guide the chart below shows a recent closing price for the May Call Options recently.
Our hearty thanks go to Hugh Clarke, Vice-President Corporate Communications of the Endeavour Silver Corporation for his generosity in donating such a valuable prize.
Hugh Clarke
Endeavour Silver Corporation is traded in Canada, USA and Europe on the following three stock exchanges:
(TSX: EDR)
(NYSE-AMEX: EXK)
(DB-Frankfurt: EJD)
So they have plenty of exposure to the investment market.
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Many thanks to those of you who have recently signed up for our options trading service, its very much appreciated. We are also finalizing our new pricing structure which we will publish shortly, however, if you are already a subscriber then we will do our best to hold your subscriptions as is, the new prices will only apply to the new members.
Our model portfolio is up 138.05% since inception, Average return of 41.27% per trade, 67 closed trades, 65 closed at a profit or a 97% success rate. Average trade open for 43.21 days.
The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.
So, the question is: Are you going to make the decision to join us today, before we decide to cap membership.
Stay on your toes and have a good one.
Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.
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Reader Comments (250)
I posted my guess of $0.05 over on the Gold Prices site first by accident.
For the record, I am not trying to be obnoxious with my guess, but with the way the markets are trending I could see short term lower silver (sadly), thus the last trade in the option of $0.05 before it expires worthless.
Many thanks to Endeavour for the generous donation.
My guess is $0.01. I agree with the above commenter. I think we may go lower before higher. Best of luck to all
I think EXK is going to fare very well over this year. Would say EXK goes to $12 by fall. But short term, I don't think these global issues favor silver. Generously, I'll say $0.60.
Thanks for the nice sites and posts about PMs.
$1.15
The attention from this exciting contest will insite upward pressure and the stock price to flirt with $10. This will result in a $.15 Call Option price. Therefore my guess is 15 cents.
.73
$ 2.56 off to the races !!
My guess is .22 cents
I hope the price of EXK will be higher than $10, but my guess is $0.66 ;)
$0.20
My guess would be 45 cents. There's so much turmoil in the markets right now, who knows?
.70 cents.
$1.15. That's my IQ times three, by the way........
$0.90
i think the calls will trade at 0.10 .
Earnings report should be good next week. Guessing $1.25 on the $10 May 2011 calls.
.06
My 1st # was .05 but I see that was taken.
A.H.
I'll guess $0.11. Thanks for the opportunity !
$0.55
My guess is 55 cents. Mostly due to time expiration and strike price among other considerations. Thanks to both you and Endeavour for this contest.
Calls on the 25th March will be $0.20
Guessing $2.05 for the $10.00 May 2011 calls
my guess is $1.05
Can I make other entries under the names "Joe Queens" or "Joe Staten Island," or is that considered cheating?
$0.85 lets hope
Calls on the 25th March will be $1.10
I know this is very optimistic