It all has to do with the investor perception of RISK.  Look where part of the production is - RISK.  Probably the only way for investors to suddenly take notice & get the share price up would be for them to pay a large one-off dividend.  Cash & bullion on hand is $150 million. & can meet 2013 expenditures out of without running to shareholders with dilution nor further borrowing.  Hmmmm worth thinking about

Look at yesterday's presentation   http://www.endeavourmining.com/i/pdf/Presentations/2013-Production-Guidance-and-Hounde-PEA-Results.pdf