what is your opinion for buying EGU by ELD? From my point of view:
Buying shares of EGU by ELD @ $13.08/share is too high. ("A value of C$13.08 for each European Goldfields common share based on the December 16, 2011 closing price of Eldorado common shares (C$15.39) on the Toronto Stock Exchang"
from: https://www.eldoradogold.com/s/NewsReleases.asp?ReportID=497378
My research from TD Waterhouse shows folowing information:
1) EGU has been lossing money from 2009, and TD waterhouse shows loss will continue at least up to 2013 @ $-0.05/share (Annual), and TD waterhouse does not go estimate more than 2013. From my point of view, most likely the loss per share of EGU will continue for more than 2013, at least 2014 based on the economy level in Europe and North America.
2) TD Waterhouse also shows Book Value of ELD is $2.99 and Operationg Margin -62.02%
3) Overal all & based on the total asset of EDL and future INFLATION, Minning COST and UNSTABLE of Economy through out the World and etc.; buying the share of EDL @ the present & @ $13.08/share is too high & high persent loss for next few years until the economy comes back to normal condition.
PLEASE KINDLY PUT YOUR OPINION/COMENTS; AND IT WOULD BE HELPFUL TO ME TO FIND OUT IF I M MISSING SOMETHING IMPORTANT. THANK YOU.