Eldorado Gold: I Am Getting More Confident- 'ACCUMULATE'SA writer Fun Trading discusses why he likes Eldorado and why;
Summary
On January 14, 2020, the company announced the fourth quarter gold production. Production met guidance with a whopping 118,955 Au Oz, about 57% above last year.
It is an excellent timing overall. The gold price is now reaching new highs and still well above $1,500 per Oz.
We may be closer to a resolution on the Greek assets' front. I share what I know.
I am getting more confident and I have started accumulating again.
"Investing in Eldorado Gold has not been for the faint-hearted investors, but for the ones who were thick enough to handle the pressure last year, this investment was a gift from heaven."
On January 13, 2020, I was able to get a little bit of news from Greece, and while it is not enough to be ultra-optimistic, we can see that we are closing on something definitive.
[...] It is estimated that the capital required for the investment's life span is € 1.9 billion. Immediately for the Skouries plant, whose work begins in the next few days, 690 million Hellenic Gold is required to maintain operational control of the project and finance it through bank lending and co-investor, whose presence it requires clear procedures [...].
Hellenic Gold's new plan will be evaluated by the ministry of environment and energy before it is brought before the Greek Parliament. To this end, RIS, by its decision on 30/12/2019, commissioned a Financial Advisor Services to evaluate the new amended investment plan of Hellenic Gold AEMBX for the year 2019, to Grant Thornton Certified Auditors and Business Advisers Company. The results of the evaluation are expected by the end of January.
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https://seekingalpha.com/article/4316998-eldorado-gold-i-getting-confident Cheers to the patient