A repost on light of ELD release stating permit recalled on 27.02.2015
Nasdaq after hours trading
Total volume 240000, closed 5.75 that is 5 cents US llower than Friday market close.
two large trades we find odd
141000 shares sold at 17:19 at US$ 5.76
69400 shares sold at 17:39 at 5.77
Such large trades in Eld are uncommon without news.
NASDAQ does not show Brokerages in after hours trades.
What we know from news is that The Ministry recalled the permit on Friday which could be late Friday Greece time which could be late afternoon Eastern time.
While I don't see the share falling much as the market largely factored such a scenario, we could see volatility and may be a drop to 6.50- 7.00 at current gold price.depending how fickle current holders a
are.
This may not be the final word as affected investors and workers are suing the ministry and taking the case directly to the Prime Minister.
Go back few years ago, one lucky investor sold all his shares if I recall correctly 200000 or 500000 just a day before Eld had mine problems in Turkey., the next day the share crashed big time then.
Read more at https://www.stockhouse.com/companies/bullboard/t.eld/eldorado-gold-corporation#uDi5pMqpisc4ZdAd.99