RE:RE:RE:RE:RE:ELD earningsNow we are talking..... takeover. A fabulous opportunity , so good I am convinced it is being increasingly considered. If i was the buyer I would short it like there is no tomorrow, because when you do that the price stays really low, it is a purchase in disguise.Its probably illegal to do that but a legitimate purchase , even friendly, may be coming.The greater the silence the more it smells acquisition.
Somebody just talked about cash burn and Q4 results . I always have this feeling I am being conned by the AISC figure , and cash costs. Over the long term, like many years, as with ELD, you need a better barometer than AISC. Something like AISC PLUS and say that is worth on average say as an example 500$, being the difference between AISC and the average quarterly gold price. There is always a surprise and I think surprises should be disclosed. Actually quarterly results should never have a 'surprise', I am wanting for ELD to publish big surprises now.
I may consider suing them if something more significant than that firecracker Turkish news in October that killed the stock price is revealed only at the end of February as a 'surprise'. I cant stand their gloomy sedated voices at the press conferences anymore, that's what it is, those sombre voices with choicy corporate words like 'good question'. There are laws on disclosure, well ELD CEO just follow them - yes its usually material and in case of doubt publish. Also, your boss, me, the shareholder, says to do your job and inform shareholders of goings on, regularly.