ELD/ICG commentWe just recommended Eldorado as a turn-around story with a lot of growth on tap, and now we’re getting a shot at even more growth in short order. We cover Integra in our sister publication, the International Speculator. We’ve been on Integra’s Lamaque property. The project is very high-margin. It's in safe, pro-mining Quebec. It already has a fully permitted plant and tailings facility. It’s wide open for expansion. There’s a deep target on the property that could be a game-changer. But it’s already a gem. We like this deal a lot.
Remember that the buyer in a takeover often dips on the news. If this happened to Eldorado, don’t be alarmed. This acquisition is a great deal for Eldorado, which should be able to turn Lamaque into robust cash flow in very short order. If EGO shares do dip on this news, we’d see that as an excellent first or second tranche buying opportunity.