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Eldorado Gold Corporation (EGO)

NYSE - NYSE Delayed Price. Currency in USD
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9.20-0.17 (-1.81%)
At close: 4:00PM EDT
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  • P
    Pospe
    I know I'm repeating myself and, whoever my "long stories" gets on their nerves, should ignore it, or please mute me.

    No one can say exactly how the gold price will develop in the coming days and weeks and when exactly it will break out to the upside. But the factors indicate at least in the medium and long term a strong rising trend.

    The clear statement of the central bank FED and yesterday the ECB, was that the interest rates the next few years can not be increased. What does a company do when it wants to present negative news positively, it tries to disguise the statement. The FED did the same by packaging this, normally gold price supporting statement as an announcement of an rate hike (0.25 in two years). Yesterday, in a deliberately incomprehensible communication, Christine Lagarde ECB stated that there will be a long observation period in which inflation will be above 2 percent...etc...
    However, according to experts at Germany's Commerzbank, the conditions for an interest rate hike are unlikely to be met even in 2024. Negative interest rates would thus become permanent, with all the negative effects such as penalty interest on savings deposits. This should noticeably increase the demand for gold in the medium and longer term.

    The trillions that have been and are being spent by the FED are well known in this forum. The bond purchases under the PEPP emergency program of the European ECB until the end of March 2022, amount to 1.85 trillion. Experts assume this sum again increased and continued after March 2022. Thus, the value of the euro will be diluted even more, which will also have a positive impact on gold. Commerzbank: "The scenario for this is spot on. Inflation in the euro countries and the U.S. is running, interest rates remain in the cellar, and central bankers are making no effort to change this. Investors are experiencing a massive devaluation of their savings deposits through a real negative interest rate (zero interest minus inflation)."

    In my opinion, no reputable expert of a bank, stock exchange or government will tell his fears to the citizens. For example, that many bubbles can burst and people lose confidence in paper money. I know I am repeating myself, but this is a time when you can lose your wealth. At first, only some run to the bank and change their money into gold, silver, etc.; when very many come, they face closed doors.
  • W
    Warren
    Eldorado buys stake in Probe Metals, another Jr. in Val d'Or Quebec mining district shortly after acquisition of QMX. This company has 4.1m oz indicated and inferred. You can see the future of the company is not just Skouries.

    https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2021/Eldorado-Gold-Acquires-Shares-of-Probe-Metals-Inc/default.aspx
  • c
    charles
    Over the next weeks Eldorado Gold will certainly:
    A) takeover at high premium
    B) Joint Venture for Skouries or sell of this asset
    Bullish
  • F
    Freesurfin
    Ironic how there's calls here for EGO buyout. Eldorado just bought 11% of Probe Metals for $23.6M

    Eldorado Gold Corporation (“Eldorado” or “the Company) announces that today it acquired 15,041,746 common shares (the “Shares”) of Probe Metals Inc. (“Probe”) at a price of $1.575 per share for an aggregate purchase price of $23,690,749.95.

    Prior to such acquisition, Eldorado did not own any Shares of Probe and following such acquisition, Eldorado owns 11.5% of the outstanding Shares of Probe. The Shares were acquired pursuant to a private transaction.
    Eldorado advises that the securities have been acquired for investments purposes.
  • m
    m
    To all the bashers and haters (including myself occasionally), there will come a time when we will look back and say “wow it was so obvious the gold miners were undervalued”. We won’t have control then, but we can speculate now and have a reasonable probability of seeing significant gains. Especially once Greece comes to fruition, and inflation becomes clearly visible
  • T
    Terman
    On seeing Charles messages, he appears to a paid message poster. Earlier he was pumping using Skouries mining permit and Election in Greece. Now is pumping using acquisition/buyout. He may bash depending on his boss' instructions. He does not own this stock. Overall his messages are trivial.
  • B
    Beauspeak
    Goldman now expects gold at $2,000/oz USD in 3, 6, 12 months.

    https://www.kitco.com/news/2021-07-21/Goldman-Sachs-is-looking-for-2K-for-Gold.html
    Bullish
  • P
    Paul
    I will say that the Probe acquisition looks to be a smart move. KL is having good results in that Detour property.
  • c
    cbw
    Finally a friendly daily chart is forming
  • S
    Steve
    why does this sector continue to get beat up?
  • T
    Terman
    Is it possible that manipulators and big accumulators colluded with the insiders of this stock?
  • D
    Dom
    I thought we were closing the week at 9,50$... not happening so far... Charles did not buy enough shares.
  • D
    Dom
    POG back to last week level, EGO down 8,5% from last week. go figure...
  • B
    Bob
    Consolidating our land position around Lamaque with a stake in Probe Metals. Good timing.
  • P
    Pospe
    Those who don't make the right investments now could lose their assets. Billionaire hedge fund star Paul Tudor Jones recently said, "Gold is going to be the lifeline for people with equity portfolios."
    Bullish
  • B
    B
    you know this board has hit a new low of zero good or useful info when people are talking about buying cat food on here.. I will check back in September.. lol
  • c
    charles
    Investors of Eldorado Gold must watch "offer of sale" delivered by CEO George Burns via Goldman Sachs and Bank of America.
    Never has George Burns delivered as much saliva. Best suitors based on compelling synergies are $GOLD Barrick Gold due to ability to fund, resource replacement, focus on seeking copper assets specially gold/copper porphyries like Skouries and $NEM Newmont Goldcorp ability to fund, resource replacement, very low debt.
  • R
    Ricky C
    Theres going to be a day where gold miners just shoot up 30% plus in a day. Right now, miners are just trading too illogically with nothing but bots and manipulation downward. With gold prices north of 1800 still , just do your own math on many of the miners to see how much cash flow they have compared to their market caps. Theres going to be some re-evaluation on the stock prices sooner or later. Im staying strong and not letting go of any of my shares until gold and copper is dug up from skouries. Also, during this downmove, cant help but notice that institutional ownership is now around 72%. Was 65% beginning of the year and was a measly 30%ish a few years ago. This thing is still being accumulated.
  • c
    charles
    If you doubt Barrick Gold involvement with Eldorado Gold please take the time to read Barrick’s Quarter 1 Conference Call. Objectives at Barrick call for pure copper play at Skouries or full takeover of company.