The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@GoldfingerLots of mining companies report quarterly earnings next week, including Newmont Mining $NEM on Tuesday, Hudbay Minerals $HBM and Iamgold $IAG on Wednesday, Eldorado Gold $ELD and Nevsun Resources $NSU on Thurdsay, among many others. $gold
@nicholaslepanToday, Eldorado Gold Corp. $ELD reported 2016 financial results. The company reported 2016 cash flow (before non-cash working-capital changes) of US$142 million, or US$0.20 per share. For 2016, Eldorado reported production of 486,025 ounces (vs guidance of 495,000 ounces) at a cash operating cost of US$579/oz (guidance was US$585 to US$620/oz) and all-in sustaining cost (AISC) of US$900/oz. Haywood has a price target of $8.25 with a buy rating and medium high risk rating. So far today in trading, $ELD shares are up 25 cents to $4.475.
@Vaughan@Onlyflaws, just my two cents but $eld is a mid tier who has been having a harder go of things then their peers. With almost all there assets in risky jurisdictions (turkey, greece, china (assets sold)), a nice gold mine in boring ol'Canada seems like a logical addition to their asset list. Takeover brewing maybe?
@mountains_of_glory@BS_ When $MARL was recently $1.50 I doubt you were concerned about Lidya and Erdogan screwing them. I've seen no basis for believing Turkey is trying to position itself against the global system and international law. What is yours? Of course when people see a stock drop as sharply as $MARL has, they naturally want to sell out at the bottom, questioning their judgement and looking for scapegoats to blame the price action on. They then look for reasons solidifying their belief that they did the right thing. Meanwhile, the weak lira makes Turkish projects still more attractive. $ELD and $AGO are in Turkey, in addition to Statoil. Cormark bought 103,000 today. Like Raymond James, that's not retail. This is not Mongolia nor is it Libya. Erdogan accepts the international system with open arms, hence why you hear him calling others racists and Nazis. Informed commentary and discussion is always welcome, but if you have reason to believe your fears take a moment or two to provide a concrete example of why you have those fears.
@mountains_of_glory$MARL#turkey#oil#gold Billionaire Malone Mitchell's $TNP keeps climbing higher, and for good reason. The numbers are doing the talking. Cormark's CEO is a major holder of $VLE. Osisko's founder chairs the board of $CPI. You expect a sudden confiscation/nationalisation of natural resource assets in Turkey. I don't. $ELD is going ahead with its Greek projects as well and shareholders there will be reaping the benefits of those excellent assets in, yes, Greece.
@huntermuch appreciate the input. I know Nolan made some bonehead mistakes in past with $SSL , and I am not so certain Turkey is the place to be... time will tell. $MARL seems to have lots of upside potential. I already have exposure to Turkey with $ELD that makes me nervous, tho.
@JamesKwantesIntegra Gold an interesting case study on the hot topic of share structure; theirs has been bloated for a while. Currently 486.5 million shares out, 515.3 million fully diluted. $ICG$ELD#everhang
@mountains_of_glory$ELD takes $ICG. "The total transaction value is approximately $590-million, inclusive of Integra shares held by Eldorado." "Integra Gold Announces Updated Preliminary Economic Assessment: Pre-Tax NPV of C$602 M and IRR of 55% (After-Tax NPV of C$363 M and IRR of 43%) at US$1,250 per Ounce of Gold"
@GoldfingerSome comments from Haywood on $ELD$ICG takeover:
"Attractive Deal Valuation - Eldorado's bid values Integra at $1.2125 per share, a 52% premium based on Friday's close, and a 46% premium to the 20 day volume-weighted average price. On a NAV basis, the implied valuation is at a 6.4% premium to consensus NAV of $1.14 per share and a 35% premium to our previous target price of $0.90 per share."