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.
Eldorado announced on January 16,
gold stocks
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!!