RE:RE:RE:RE:Eldorado Gold Historical short update-heavy short activityTrue the virus scare has bumped Gold pice but larger story is wealthy investors starting to worry about rising global debt held by many countries (especially USA).
One more deep recession and many will have hard time making the interest payments.
That is why stable countries starting to invest their capital reserves in Gold, diversifying away from their holdings in the US dollar.
Too bad ELD not participating in this move on Gold price.
Other than Lamaque, they have not done very much worthy of going up.
They should give the greeks a hard deadline date on Skouries permits or put it on permanent C & M and start looking elsewhere for growth.
Why bother trying to convince the greeks that you could create a ton of new jobs?
They are not interested. if they were, they would be in a rush to issue those permits.
i am not adding with no clear direction from management on what the plan is.
Better opportunities in many other gold names that are presently hitting it.
my opinion only