Eldorado continues to soar & reward the patientToday Eldorado hit a 52 Week High @ $18.70 Cdn ( up 3.72%) or $14.15 US (up 2.98%), rising steadily over the past 5 days even while Gold bullion hovers cautiously at the $1900 +/- 1% US level.
Many are asking why one of the most shorted gold mining stocks is rising daily, now heading towards the higher teens...
Some things to ponder:
A great Q2 production was reported with higher revenues fo rthe first time in several years
A great preliminary production report was hust reported, with sales revenues to be reported in a week or so based on $1900 US/oz gold - up some $200/oz from Q2
Good News is coming...Greece has said Yes to Eldorado getting Full permits for Skouries (and now perhaps also other locations) so they are just ironing out the details with the Greek Ministry of Environment and when this does actually occur (a.k.a. Official "Yes"= permits in hand) - then this price will pop, some say upwards of 20+ % but i dunno , maybe even higher?
So strap in for the ride, as there may be a few more dips but the recent Bull run 52 Week high signal says that Mr. Market sentiment is this could be the contiuation of a Shiny moment or a 'glowing' period of growth.
Cheers to all the patient investors