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Eldorado Gold Corp T.ELD

Alternate Symbol(s):  EGO

Eldorado Gold Corporation is a gold and base metals mining, development, and exploration company. It has mining operations, ongoing development projects and exploration in Turkiye, Canada, and Greece. It operates four mines: Kisladag and Efemcukuru located in western Turkiye, the Lamaque Complex in Quebec, Canada, and Olympias, located in northern Greece. Kisladag, Efemcukuru and Lamaque are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. The Lamaque Complex is located in Val-d’Or, Quebec. It includes the Triangle Mine (Upper and Lower), the Ormaque Deposit, the Parallel Deposit, the Plug #4 Deposit, and the Sigma Mill. Efemcukuru is an underground operation located in Izmir Province in western Turkiye. Its other development project in its portfolio includes Perama Hill, a gold-silver project in Greece. Its Stratoni is an underground, silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece.


TSX:ELD - Post by User

Bullboard Posts
Comment by wwadehammeron Sep 01, 2017 2:19pm
133 Views
Post# 26648429

RE:Is this basically betting on black?

RE:Is this basically betting on black?The Greek issues are mostly reflected in current SP.  It could be worse if both projects currently in construction are denied permits because of disagreements on environmental safeguards.  That doesn't seem likely, so IMO, the odds are more like 90% it will be settled by Jan 1, 2018 and 10 percent that the projects are shut down, not the 50/50% mentioned on BNN.  That's JMO.  It's just a guess because we really don't know the costs associated with the disagreements are.  IMO the costs must be significant to ELD  ($50 million or greater) or they would just agree to the changes requested by the Greek government to get the projects moving.  Hopefully we'll know more in a couple of weeks when the issues are presented to the arbitration court and Eldorado issues a statement soon after.  If you're worried about a big drop from here, you might want to waid until then.
Bullboard Posts