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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@newswireEldorado Announces Retirement of President and Chief Executive Officer, Names Successor @newswire/eldorado-announces-retirement-of-president-and-chief-a8c80$EGO$ELD Mr. Paul Wright will retire as president and CEO. Mr. George Burns, currently Executive Vice President and Chief Operating Officer of Goldcorp Inc., will succeed Mr. Wright as President and Chief Executive Officer and will also join Eldorado's Board of Directors.
@nlepanShares in Eldorado Gold $ELD are currently down 17 cents to $4.59 on 2.4 million shares traded after the company announced that output for 2016 reached 485,994 ounces, slightly lower than the revised third quarter guidance of 495,000 ounces. All in sustaining costs expected to be approximately $915 per ounce; also considerably lower than original 2016 guidance of all in sustaining costs of $940-980 per ounce. http://www.mining.com/eldorado-gold-output-slightly-below-target-shares-fall/
@nlepanIn a note to clients today, Kerry Smith of Haywood Securities comments on $ELD Eldorado Gold's news today. Haywood maintains a buy rating with a price target of $8.75 and medium to high risk rating. The stock is currently trading at $4.77. The news today was the company missed its 2016 guidance by 9006 ounces (guidance was 495,000 ounces, actual production 485,994) due to slower than expected leach rates. The company's guidance for 2017 is 365,000 to 400,000 ounces of gold. Expansion at its Kisladag mine has been indefinitely deferred. However, the company is flush with cash as its balance sits at US$880 million due to the sale of its chinese assets. #haywood#gold#research
@VaughanWow, $eld has a nice war chest and they need to diversify into less tempermental jurisdictions. Sold off chinese assets (good) greek sssets?? Maybe will be a buyer of some north american mine? Targets anyone? $nca$sbb$vit $
@FundamentalAnalysis@vaughan I think $MAX despite the relatively large CAPEX costs and permitting issues (later I'm confident will resolve overtime), the high grade/tonnage/ounces in Idaho, makes it a good acquisition target. If I was a company like $K, which has pretty poor quality projects overall with low grades, $MAX would be on my radar.
@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.