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Eldorado Gold Corporation (EGO)

NYSE - NYSE Delayed Price. Currency in USD
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9.40+0.20 (+2.17%)
At close: 4:00PM EDT
9.40 0.00 (0.00%)
After hours: 04:52PM EDT
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  • T
    Terman
    Eldorado has been manipulated in specific and in general I believe dollar index(DXY) has also been manipulated to manipulate gold price and salvage dollar price similar to volatility index(VIX). Recently a judge refused to identify five market participants accused of VIX manipulation. The infamous Volmageddon event took place when a handful of the most popular inverse VIX strategies crashed from near record highs to zero in a manner of minutes as ETN liquidation triggers were activated, sending the VIX briefly to record highs and wiping out billions in value and leaving countless retail investors stunned and facing total losses.
  • 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.
  • D
    Dom
    Trying to post news on osisko investing 10M$ in EGO brazil operation but the link wont go through...
    Bullish
  • D
    Dom
    Results coming this friday, I intend to have more news for the Lamaque/Ormaque/Bourlamaque property. Announcing completion date of the new decline in this current quarter would be amazing as Ormaque goes through that new decline. 30% more output from Lamaque coming very soon!
    Bullish
  • v
    vincento
    World event that may test the price of gold:
    Putin
    The Russian navy can detect any enemy and launch an “unpreventable strike” if needed, President Vladimir Putin said on Sunday, weeks after a UK warship angered Moscow by passing the Crimea peninsula.

    “We are capable of detecting any underwater, above-water, airborne enemy and, if required, carry out an unpreventable strike against it,” Putin said speaking at a navy day parade in St Petersburg.

    Putin’s words follow an incident in the Black Sea in June when Russia said it had fired warning shots and dropped bombs in the path of a British warship to chase it out of Crimea waters.
  • 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
  • t
    tim
    In 4-5 years EGO a million ounce producer !
  • M
    Mark
    This will be one of the best opportunities to make a lot of money, during Q3 in the next days Skouries JV will be announced no more waiting.
    Bullish
  • c
    charles
    Investors could spend tons of time trying to understand lack of communication coming from Eldorado Gold and not see merger in the works. Eldorado will not divest TZ or any of the mines because they are focused on friendly merger.
  • v
    vincento
    A few EGO stats:
    Enterprise value (EV) to EBITDA - currently a meager 3.33x vs 24.9x at 12/31/20;
    EV to revs - currently 1.58x vs 8.52x at 12/31/20;
    Op cash flow (ttm) $463.2 million;
    Price/book a meager 0.46x;
    Shares short 1.84% at 6/30/21.
    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.
  • c
    charles
    Eldorado Gold stands among some of the lowest most undervalued operating mid-tear gold miners in ultra safe Canada.
    Eldorado boasts of fully permitted gold porphyry mine in Greece Skouries coming online in current Quarter. Influx of cash via Joint Venture likes of Barrick Gold $GOLD $NEWMONT recent sold Probe Metals stake-is this part of exchange for Skouries?
  • 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
  • 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
  • J
    Jim
    Helikon Investments has a major portion of their assets invested in EGO. Per their website the 2 yr old entity has %66 of their funds in EGO. If I read that right.
  • 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
  • c
    charles
    Everything that is meaningful in 2021 will take place in Q3.
    Enjoy
  • b
    blue
    ELD is doing the right move by having more mines in the same area ..cut operating cost and it looks like a sweet deal
  • 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.