News Release - Not Bad at All !!
- All in sustaining margin of 25.4 million v/s 39 million for Q-1. Considering the drop in gold price, this is very good news. Also, Q-2 was the worst price levels of Gold and the prices going forward for Q-3 might be better. The one - time impairment charges for the mines are out of the way and looks like Q-3 will be the one where EDV will come out shining. All in all, this is a great news release and the market might start pricing EDV multiples better going forward. To be fair to EDV, the share price should be around 1.50 - 2.00 at this time.
- Let's see how the anal-ysts spin this NR and what the "Market Manipulators" do to this stock tomorrow.
GLTA..