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Eloro Resources Ltd T.ELO

Alternate Symbol(s):  ELRRF

Eloro Resources Ltd. is a Canada-based exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. It is focused on developing its potential Iska Iska silver-tin polymetallic property in the Potosi Department of southern Bolivia. The Iska Iska Porvenir Concession is a road accessible, royalty-free property that covers an area of 900 hectares located 48-kilometer (km) north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. It also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing over 89 square kilometers. La Victoria has infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.


TSX:ELO - Post by User

Bullboard Posts
Comment by doctorfillon Jun 18, 2012 12:18pm
154 Views
Post# 20026009

RE: RE: House positions..

RE: RE: House positions..

No, no thoughts on an exit price. The drill results to date have been unimpressive but there must be some reason the CEO bought above market price. I bought a few shares last week because it was active and sold today for a small profit but I have no idea where this stock is headed long term. I'm impressed that the low today has been 8 cents. That still leaves a 1.5 cent gap. Usually these gaps are filled within a few days - but not always and when they're not it's a very bullish sign. I'm not a long-term trader so I wouldn't presume to suggest where ELO might be even by the end of the week. I will buy back in if it starts going through 10 cents but I make lots of mistakes so don't take that as advice. Sorry I can't be more helpful.

Good luck.

 

Bullboard Posts