SA: Eldorado Gold: The Recovery Is Proceeding WellSorry with the pandemic in the air here we are all a bit giddy today so I put the wife in the cage. SA writer 'Fun Trading' shares his take on EL D today...
Summary
Revenues were higher than I expected this quarter with $204.66 million, up from $80.02 million the same quarter a year earlier, and up 6.6% sequentially.
The production for the first quarter of 2020 was 115,949 Au Oz, up 39.7% year over year, and down 2.5% sequentially. The company sold a little over 116K ounces.
It is time to look at EGO as a long-term investment again. However, it is crucial to trade short term about 30% of your holding.
https://seekingalpha.com/article/4343154-eldorado-gold-recovery-is-proceeding-well
Cheers to the patient investors.