At this point it seems that not the SP is defining factor
Definitely, it's easier to go south from $0.77x5=$3.85CAD than from $0.77 especially when the POG goes up. But in my view what important now is a market cap. $611M CAD at the end of Friday. ELD paid $590M CAD for Integra only, which was far from production stage. Now it is. 17 something million oz in reserves and $600M market cap? Seriously? One weed company that has almost nothing tries to buy another weed company, that has almost nothing for $2.8B . While nothing is guaranteed in the stock market universe I'm sure $600M is not what ELD worth. Together with debt ~1.2B. Still nothing. Tahoe was bought with all its problems in Guatemala. SP went from under $3 to almost $5. Eldorado's market cap of $600M is ridiculous. Not because I don't like it this way, just because it is unreasonable and not likely to stay this way for long. Just my opinion.