EGO is one of the lowest cost producers in the world.
They have good and well respected management.
they have gold properties in multiple countries.
I believe they have been taken to the woodshed based on their
operations in Greece, but given the horrific economy in Greece,
that could actually be a plus going forward with high unemployment
and government looking for industry to create jobs etc.
If gold stays below 1200 think EGO could go into liquidation
New lows EGO/HMY just awful bearmarket
Posted by torvix on 10th of Jul 2015 at 02:42 am
On what basis are you
Posted by wowten on 10th of Jul 2015 at 09:28 am
On what basis are you making this statement?
EGO is one of the lowest cost producers in the world.
They have good and well respected management.
they have gold properties in multiple countries.
I believe they have been taken to the woodshed based on their operations in Greece, but given the horrific economy in Greece, that could actually be a plus going forward with high unemployment and government looking for industry to create jobs etc.
Charts showing positive divergence.
I think Torvix may have
Posted by matt on 10th of Jul 2015 at 09:40 am
I think Torvix may have had a long in EGO that he held too long back in May so he may also be a bit emotional about it
Not really.
Posted by torvix on 10th of Jul 2015 at 09:43 am
Breakeven for the sector is $1,200 according to what I read.
$8.2m in losses in the first quarter is terrible imo
Posted by torvix on 10th of Jul 2015 at 09:35 am
http://www.eldoradogold.com/news-media/news/eldorado-reports-2015-first-quarter-financial-and-operational-results
And unsustainable. Capacity needs to be taken out of the gold sector.