Q1 Big PictureThe trigger happy investors that sold off Friday is missing the big picture. I'm encouraged by the Q1 results. Big takeway below:
- Production guidance in tact and with likely production growth in the near future
- Growing EBITDA and likely will increase dramatically in the coming Quarters
- Growing Cash pile and continuously reducing debt
- AISC is decreasing and with Oil not recovering anytime soon, cost will decrese further
- Smart money is buying, meaning institutional investors are adding shares
- Very profitable and Q1 results were affected by Depreciation and Taxes
ELD in 2020 is very different compared to 2019. It's been de-risked and Uncertainty around Greece has been addressed. POG will break $2000 this year and our sp will be over $20 in 2020. We are undervalued compared to our peers. Retail investors that are selling should be adding instead.
God bless all the Longs.........