September 13....Seems like so long ago...and we thought $2.24 was cheap. well.... $2.80 now seems like only a dream.
https://www.cbc.ca/news/business/greece-promises-green-light-for-eldorado-gold-project-1.4288201
Uncertainty hurts share price
The uncertainty about Eldorado's Greek projects has weighed heavily on its share price, which is down 48 per cent in the past year, touching a 14-year low of $2.24 on Aug. 4.
Trade Minister Franois-Philippe Champagne told Reuters on Wednesday he had flagged "troublesome" permit delays for Eldorado Gold Corp in a letter to Greece's energy minister earlier this year.
Champagne had said that Canadian companies expect to be treated fairly and Eldorado has done "everything it can in order to comply with local laws and regulations," he said.
Eldorado's shares were up 16 per cent at $2.80 in trading on Wednesday.
Eldorado, which is targeting copper, gold, lead, silver and zinc, bought the Greek assets for nearly $2 billion in 2012 and has invested over $1 billion in developing them. It says it employs about 2,000 people in Greece, where unemployment remains the euro zone's highest at 21.2 per cent.