RE:RE:Lamaque commercial production soon?
$6 (CAD) is only $1.20 in old shares. In my view $1.50 (old) is very achievable thing since $500M is now saved from Kisladag project. And Lamaque commercial production on track. If not for a curse of all those troubles ELD had in recent time the SP would be around $1.50 ($7.50) already . Shorting this thing now? Go ahead. It didn't go below $0.70 with all bad stuff on the table. Now, with changes at Kisladag and Lamaque moving forward I'd rather bet on come back if not to $5 (old) pre-Integra SP but at least $2 which would be pretty reasonable if there were no reverse split. DYODD. I loaded a lot at $3.50-3.80 levels but not going to sell until at least midsummer when Lamaque production will prove itself. Kisladag results we will see more close to the end of the year. But if it proves itself to be good $2($10) won't be a limit. We all are taking chances in this game (stock market) . With ELD at this point I think the risk/reward ratio is pretty good.