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Bullboard - Stock Discussion Forum Eldorado Gold Corp T.ELD

Alternate Symbol(s):  EGO

Eldorado Gold Corporation is a gold and base metals mining, development, and exploration company. It has mining operations, ongoing development projects and exploration in Turkiye, Canada, and Greece. It operates four mines: Kisladag and Efemcukuru located in western Turkiye, the Lamaque Complex in Quebec, Canada, and Olympias, located in northern Greece. Kisladag, Efemcukuru and Lamaque are... see more

TSX:ELD - Post Discussion

Eldorado Gold Corp > how did they know in advance ?- insiders blabbing ?
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Post by Vinnie3 on Feb 26, 2021 3:54pm

how did they know in advance ?- insiders blabbing ?

the volumes are really low for ELD trading, perfect for shorting when there are gaps, follow the volume - sometimes 10 minutes without a trade. If there is a big gap coming up they short , its that easy. From gap to gap the stock falls. The big investors are too busy while the market is down protecting what they have, they are not buying. it will come back. A weekend is good. probably up monday because the fundamentals for gold and ELD dont justify this behaviour. Stocks never stay in irrational territory.

What bothers me the most this week, by far,  is that investors knew on Thursday that results were mixed. they knew because of the beating it took during the day before the results were published.  would someone to tell me how come they know the results in advance, percentage wise the stock was down at least double the others, it was not a usual pattern and I have ALL gold stocks on my screen and ELD was alone falling by far so much more than the others. Why dont regulators, their police investigate this, I am tired of investors finding out before everyone else.Please explain how this happens.
Comment by goldsucks on Feb 27, 2021 10:33am
Very simple, Burns is and has been working for hedge funds rather than for investors from very beggining. Look at the ill timed news releases and his actions. Least prmoted gold miner. Still trading at 15 year lows if you look at long term charts, while miners with much worse fundamentals trade much higher. Destryed company with his decision on Kisladaque mill, than RS . He did same thing to ...more  
Comment by sunshine77 on Feb 28, 2021 11:18am
If what you say about Burns is true, what can be done about it? If he was really doing something illegal wouldn't the regulators step in? Or is Canada really the home of criminals and corruption and the investors beware!. I agree other gold miners wth worst fundimantals are doing better, but I also notice when ELD sh price moves up or down it moves alot more than the other companies. I hope ...more  
Comment by Nicksonsnowboar on Mar 01, 2021 1:06pm
All you need to look at is his track record as it enters the 20 year low realm. Burnsie only cares about 3 things. His paycheck, his paycheck his paycheck and the last thing on his mind is stockholder value. Heck i went long at 13.26 and already my stop was hit. Feel for the long term longs . Again worst performing gold out ther. Image if gold went down to $1500
Comment by goldsucks on Mar 01, 2021 8:29pm
Just wait another week and most gold miners will be given away for free from the looks of it.
Comment by kkkrrr on Mar 02, 2021 1:03am
on the other hand ELD trades 0.5 book value , cash is flowing in , Kisladaq-stripping nears end and the new circuit will go online in Q3 , Lamaque does well , Olympias is due for improvements in 2021 ...  Skouries as long-life and low-cost asset as backburner...   + 2-3 other projects valued at zero (Brasil,romania...) ....       i don't like Burns because ...more  
Comment by goldsucks on Mar 02, 2021 2:11pm
Yes it does, I don't deny it and that's why I own it. But why SP doesn't reflect all of the above?
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