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Eldorado Gold Corporation Message Board

  • autoblast123 autoblast123 Feb 19, 2013 4:30 PM Flag

    Did fundamental change? Why down so much from $15.44(11/26/2012) to $9+ now?

     

    This is ridiculous.

    This topic is deleted.
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    • The fundamentals did not change. Peoples view of gold changed. Since the price of gold is uncertain and at this point seems to be in a steep downward trend, they are concerned about the future of these gold mining companies. In other words, the price of gold is slipping which means the amount of money these companies can make on is also going down, but the production cost is rising. All this means is that the profit margins are less now and that the mining companies are missing their earnings estimates because the estimates were made when the market was still in a bullish trend

      Sentiment: Buy

 
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