RE:RE:RE:News...I don't agree that Lamaque was such a bad deal. Bad for Integra shareholders who did not immediately sell out, but no so bad for ELD.
Firstly, the claimed purchase price was based on an ELD share price of $5.00 per share, a valuation that was down to $3.14 on the day that the deal closed. Two thirds of the purchase was in ELD shares. The ratio was fixed and based on the $5.00 valuation.
Secondly, based on the ELD valuation at the time of the deal, the Integra purchase amounted to 10% of the NAV for ELD. The recent TD NAV analysis shows Lamaque representing 20% of ELD's NAV. That asset at least held its value while just about everything else collapsed, and will soon be in production. Not enough to save ELD perhaps, but not a bad investment.
"Not funny at all to see ELD this low (and going lower) , Lamaque is onee of the reasons ELD is where it is. According to most analysts those idiots overpaid some $400 mil. for this project, than came Greece and Kisladaque.." - goldsucks