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2/1/19

Eldorado Gold (EGO) (ELD.to): Let the class action lawsuits begin

Clownshows like this are why nobody trusts mining companies.

June 27th, 2017, ELD tells us that the Kisladag heap leach operation isn't working the way it should. Stock drops.

October 23rd 2017, ELD tells us that it really isn't working very well at all. Stock drops.

October 25th 2018, ELD board approves a $500m+ capex project to add a mill to Kisladag. Another leg down.

January 30th 2019: ELD now tells us that Kisladag is fine, no $500m mill required, it'll just carry on as a working heap leach operation, recovery issues fixed. 

This price chart screams class action suit.


What utter craziness, the contempt shown by these idiots in charge at ELD for their shareholders is beyond belief.