April showers bring May Golden flowers: May 4 & 5 Forget the tit for tat on whether the Q1 was disapointing to some or promising & ambitious to others. It is what it is and as investors we need to take appropriate actions by doing what ever is necessary to guard our principle when investing. It may mean for some, taking a portion off the table so that you can sleep at night, for others it may be buying back in as prices lower, while for others just setting a sell limit price and swing in a hammock waiting for it to trigger... Let's face it - Eldorado has never been the 'Starchild' of miners to most analysts... but all that could change soon as the fate of Skouries/ long delayed permits and Eldorados success in Greece will be voted on Monday. Eldorado has taken all the required Environmental compliance steps to gain full permitting of Skouries and this is what long minded Eldorado Investors have been waiting for. One of Yahoo finances finest contributors says it all:
Beauspeak25 minutes ago
"One of the most important things from that (Q1) call, is that they got out of it without saying much about Greece, which is EXACTLY what they needed to do -- say nothing. The environmental bill has now passed committee and goes into vote with full parliament on May 4-5. New Democracy (ND) has the votes...this should pass by Tuesday. Shortly thereafter, ND and EGO will finalize terms and the Skouries asset will jump from $0 on the balance sheet to +$1.5Billion at least. Remember, Greek Government has already lost in Greek courts thrice...also remember, the $750Million that the Greek Government owes to EGO from the courts ruling...that has value, and is part of these ongoing negotiations.Hold onto your shares or buy more if ya can...EGO's about to pay us big-time!"