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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
Comment by grape562000on Aug 08, 2019 10:26am
168 Views
Post# 30006519

RE:RE:RE:It has managed to gain investors’ confidence

RE:RE:RE:It has managed to gain investors’ confidenceShareholder activism is on the rise. We have recently seen board and management changes at Detour Gold and New Gold. Detour Gold has almost doubled in price since the changes forced by John Paulson. New Gold will take longer but I am certain the new NGD CEO will turn them around.

We can hope that 1) board and CEO changes happen here or 2) a merger or buyout happens.

Regardless, much has improved for us (refinancing of debt, Kisladag mill postponed, Greek elections).

But even with George Burns as CEO, the worst is behind us and EGO remains undervalued.

The shelf registration is a contingency. I expect that were EGO to use it, it would be for a good purpose. I'm not worried about that (but I despise EGO managements'  disdain for shareholders and it not being explained during the conference call - that is just a thumb in the eye).
Bullboard Posts