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Started By
Message
What would ya'lls 2-5 year outlook be on this stock? EGO
Posted on 1/8/20 at 7:37 pm
Posted on 1/8/20 at 7:37 pm
Just curious of opinions. Had a reverse split a year or so ago. Seems iirc it went to about $2 and now it's gone up to around $8. It's a gold mining stock of course. Just curious with people smarter than me looking at the numbers and technicals if there would be any optimism with EGO.
Yahoo Finance
Yahoo Finance
Posted on 1/8/20 at 8:22 pm to windshieldman
quote:
1y Target Est 1.98
Overvalued
I wouldn't buy it in the next 12 months
Posted on 2/21/20 at 9:10 am to windshieldman
Bumping my thread, it closed on $7.70s day of initial post and is up pretty good today. Had good results it sounds like from one of its mines and good financials that just came out, (supposedly, I haven't read them )
I will say if they get the Greek permits they are going for this may shoot up pretty good. IIRC they won in the lower courts and are waiting on a final ruling in the upper courts, but this whole thing is confusing as frick. This is my play stock, every other stock I do are boring and big boys but this could be an interesting one to follow for some of ya'll.
ETA: I'm not at all recommending buying it. Buy at your own risk if you decide to.
I will say if they get the Greek permits they are going for this may shoot up pretty good. IIRC they won in the lower courts and are waiting on a final ruling in the upper courts, but this whole thing is confusing as frick. This is my play stock, every other stock I do are boring and big boys but this could be an interesting one to follow for some of ya'll.
ETA: I'm not at all recommending buying it. Buy at your own risk if you decide to.
This post was edited on 2/21/20 at 9:11 am
Posted on 2/21/20 at 12:45 pm to windshieldman
El Dorado (EGO) has shot up $1.80 to reach $9.32 for today as of 1:35pm EST.
I have bought EGO several times since 2013 and never sold a single share.
It looks like gold reached its 7 year high this week in the mid $1,600's. The price of the gold mining stocks are leveraged with the price of gold and usually will go much higher, percentage wise, then the price of the precious metals. Unfortunately, the mining stocks have been beaten down for the past 8+ years until the past 6 months or so when they're rising again.
Is it a stock I would purchase with mother's money to ensure her a good return? I would say yes at this time.
I have bought EGO several times since 2013 and never sold a single share.
It looks like gold reached its 7 year high this week in the mid $1,600's. The price of the gold mining stocks are leveraged with the price of gold and usually will go much higher, percentage wise, then the price of the precious metals. Unfortunately, the mining stocks have been beaten down for the past 8+ years until the past 6 months or so when they're rising again.
Is it a stock I would purchase with mother's money to ensure her a good return? I would say yes at this time.
Posted on 2/21/20 at 12:46 pm to windshieldman
EGO is up $2.00 for today now. Good times ahead!
Posted on 2/24/20 at 8:57 am to goodgrin
quote:
El Dorado (EGO) has shot up $1.80 to reach $9.32 for today as of 1:35pm EST.
Got up to $10.80 awhile ago. I agree, I'm hoping it will get to $15 or so. I think $14 is my break even. I put in about $4,000 altogether in it between $2-3.50 a share pre reverse split, so I'm still at a loss. I remember buying it back around 08-09 time period at $10 and selling at $18 and made decent money. If Greece goes right I may ride it and hope for $20 a share before I sell.
Posted on 7/22/20 at 4:42 pm to windshieldman
Has now gone up to almost $12. I believe earning reports coming out next week.
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