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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
Post by patricia123on Feb 19, 2018 6:51am
135 Views
Post# 27582386

Market capitalization verses market va

Market capitalization verses market vaAt first glance,Eldorados market cap seem to be low,however when you quantify its liabilities to its steadily dwindling assets,a more accurate picture unfolds.ie... Mothballing a mine (this is not cheap). Reduction of milled ounces,combined with Eldorados need to finance and put into commission a newly acquired and overpaid for mine,and then you top that of with fast approaching financial obligations and higher production cost...Where's the good news????only speculation here,so why should you or I buy with this scenario unfolding? Some investors here,still maintain a strong buy rating...why???there is absolutely no optimism at this stage,  If someone gave you a gold anchor,on a sinking ship,would you ever let go or would you ride it all the way to the bottom!!Please do not be one of the investors CRINGING when,at some later post,my headline will read,I TOLD YOU SO. With gold up we would never have made it back to $1.39 if we were not meant to dive right through it. PLease feel free to refute what I say(if you have evidence to the contrary), but let me remind you I am taking my position from Eldorados own news releases.I also do not see the need to attack me personally,but heh, whatever floats your boat.LOOK OUT BELOW!!!!!
Bullboard Posts