RE:RE:RE:RE:Can Eldorado surprise us this weekpeterhuber91 wrote: Next week arbitration go, then permits, JV and back to 2 usd at the end of this year.
Possibly, but every single bet over the last 2 years has been wrong. ELD has done noting but bleed and there is only one correct bet going forward. Investors will be dropping this dog like a hot potato to recoup their money on anything that resembles a rally. We are just as likely to see a reverse split - say 1 for 5, then a financing for corporate purposes - ie: management compensation and project advancement . The retail investors that frequent this board matter not, we are the minnows, bottom of the food chain. Eldorado - which used to be a shining light in the mid-tier sector is now as speculative as it gets, this is now gambling. Cash burn continues and revenues are declining, to me this is an easy equation to figure out. Factor in gold breaching $1300 and likely settling around $1250 ish and even though ELD still makes money at this price their expenditures are the elephant in the room. I suppose next week is make or break for the $1.00 threshold. If ELD breaches a buck - look out below. But I`ve always been a glass 1/2 full type of guy, with concessions they will get Skouries ratified...but at what cost ? Either way it will be a long climb back to $2.00, day traders will be all over this thing for any 5 - 7 % swings. Just a sad, sad story here. GLTA