EGO - Chart Link - however EGO has not at
all, again that could be because of something bad under the
surface, I have not looked into it's fundies. However chart wise is
has sort of a wedge near a double bottom support, so keep an eye on
the wedge to see if it breaks it to play some catch up
Posted by steve101 on 14th of Feb 2018 at 12:22 pm
Eldorado announced on January 16, 2017, its operating results
for 2017 and the 4Q'17. Total production was 84,063 Au Oz with an
AISC of approximately $900 per ounce.
The company is suspending cash payment of its semi-annual
dividend payment effective the first quarter of 2018.
EGO has total liquidity of approximately $730 million, including
$480 million in cash and $250 million in undrawn lines of
credit.
I recommend EGO as a buy accumulate due to an expected favorable
decision by the arbitration panel expected in April 4, 2018. The
company invested 1.5 billion into
3 mines in Greece, currently shuttered with the workforce laid
off, until a decision against the government holding up final
permits. The market currently values those assets at
zero, and a favorable decision with cause a big gain in price,
perhaps back to the $5 over time.
gold stocks
Posted by matt on 14th of Feb 2018 at 10:54 am
SA - Chart Link - most have big moves today like this
EGO - Chart Link - however EGO has not at all, again that could be because of something bad under the surface, I have not looked into it's fundies. However chart wise is has sort of a wedge near a double bottom support, so keep an eye on the wedge to see if it breaks it to play some catch up
Eldorado announced on January 16,
Posted by steve101 on 14th of Feb 2018 at 12:22 pm
Eldorado announced on January 16, 2017, its operating results for 2017 and the 4Q'17. Total production was 84,063 Au Oz with an AISC of approximately $900 per ounce.
The company is suspending cash payment of its semi-annual dividend payment effective the first quarter of 2018.
EGO has total liquidity of approximately $730 million, including $480 million in cash and $250 million in undrawn lines of credit.
I recommend EGO as a buy accumulate due to an expected favorable decision by the arbitration panel expected in April 4, 2018. The company invested 1.5 billion into
3 mines in Greece, currently shuttered with the workforce laid off, until a decision against the government holding up final permits. The market currently values those assets at
zero, and a favorable decision with cause a big gain in price, perhaps back to the $5 over time.
Torvix loves EGO the gold
Posted by matt on 14th of Feb 2018 at 12:37 pm
Torvix loves EGO the gold stock, sorry had to tease
What do you mean?
Posted by torvix on 14th of Feb 2018 at 01:05 pm
What do you mean?
I thought you had a
Posted by matt on 14th of Feb 2018 at 01:17 pm
I thought you had a bad trade on EGO a couple years ago
Gold finally woke up to
Posted by lamb on 14th of Feb 2018 at 01:23 pm
Gold finally woke up to the fact - oh yes we always loved inflation - and then said let’s roll!!