Buy Eldorado on Dips -it is that simple!This is one of those truly dumb articles, which in presenting facts, fails to actually look at the situation. Eldorado is making great progress, and is a buy.imo When you look at gold mines, at least from my point of view, you want increasing gold price (have that) , low cost to produce (have that), increasing reserves (have that), good base of proven reserves (have that) , management that produces results (have that), ability to increase production and keep costs low or moving lower (have that, chance to surprise in terms of reserve increases (have that) and cash (have that with increasing cash). Anybody selling on the basis of these results is actually quite stupid as it was to be expected that it would not make .15 with the issues over the last year. Eldorado, is plumb pickings to be taken over if the share price stays down here. I say 10+ within this year or sold for even more per share. Lets see who has it right over the next 9 months, yesterdays sellers, or the buyers.. It will be about a 50% profit or more, as I see it, with gold at 800-950 range, and even more upside if gold decides to move up to new high range $950+ for rest of year. If gold rockets, which it could easily do, Eldorado could go much higher.imo
My message is clear: buy this on dips, it is doing what Kinross did when it was 6-8 now 22+