Eldorado Gold Corp T.ELD

Alternate Symbol(s): EGO

Metals & Mining Gold

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

Eldorado Gold Corp

Bullboard Posts

Comment by Lloyd_Blankfeinon Aug 06, 2019 12:12pm

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Post# 29997753

RE:RE:Eldorado Breaks Negative Series Of 4 Consec Quarterly Losses

It seems clear to me that it's all 3. The most important being #2. The current SP would still be undervalued even if gold retreats a bit.

I think we're safely over $10 now. There will be ups and downs but we're heading to $15 unless something really wonky happens with the permits. My only concern with the permits is that this new government has stressed jobs and economic activity. They are going to want issuance of the permits to lead to full on development of Skouries. Can ELD pull that off on a timeline that will satisfy the government? I think that's what the discussions are about with the Greek Government and the formation of this committee.

I even wondered, idly, if the governjment wants to take an equity stake or do a JV to benefit directly from the mine. They need cash badly and ELD needs a partner. Pretty unlikely scenario but the way the government is acting is a bit mysterious. They could at the very least be attaching some conditions to the permits about the timing of development.

Regardless, ELD will have to be smart and make some really good decisions once the permits are granted. So, given their recent track record I'm kind of nervous!!

But I'm still long and grateful the shorts gave us the gift of such cheap ELD shares over the past couple of years.
GLTA

BaneofGlory7 wrote: The rise in ELD is welcome, to be sure, but I'm wondering what the cause could be. The way I see it, there are three reasons why this stock could have gone from $4 to $11 so quickly.
1. The rise in POG
2. Years of a depresed SP finally correcting itself
3. Permits OTW in the near future

It could also be a combination of these three, however, permits have not been granted yet, despite the New Democracy's promise to grant them within the first month in office. Hopefully this rise is not just based on speculation and manipulation, as it will go down as quickly as it has gone up (Analysts are suggesting that a correction may be on the way regarding ELDs SP, which leads me to believe that this recent rise is not really based on the upcoming permits, and gold has not risen enough in the past three months to warrent a rise such as this). Nevertheless, I remain hopeful!

GLTA (except shorters)

BoG7