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European Goldfields Limited T.EGU



TSX:EGU - Post by User

Post by Alvin_Makeron Dec 19, 2011 10:23am
558 Views
Post# 19334311

Funny how the markets thinks Eldorado is overpayin

Funny how the markets thinks Eldorado is overpayinFunny how the markets thinks Eldorado is overpaying for Europen Goldfields and people on this board think otherwise. I will go with the board, because I think that Eldorado management will benefit with its ability to mine these assets more efficiently because of itssuperior financial flexibility and cost efficiencies achievable with its othermines in the same area (Greece and Turkey). However, I think they are not underpaying, because of the risks associated with doing business in Europe. It is a dicey play for them too.
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