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Gold/Mining/Energy : Eldorado -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (363)	10/25/1998 8:05:00 AM
From: Mr Metals	Read Replies (1) \| Respond to of 527

Eldorado Gold Corp - Casey says hold -- this one's a survivor Eldorado Gold Corp ELD Shares issued 72,996,872 1998-10-20 close $0.49 Tuesday Oct 20 1998 Douglas Casey, writing in the Oct. 1 issue of his International Speculator, comments that Brazil-focused Eldorado Gold will survive the depressed market for junior resource companies. The reason is, he says, that higher gold prices are imminent. The inveterate gold bug says in this issue that "the price of gold isn't just going through the roof, it's going to the moon." Of more immediate concern are its current share price -- 67 cents at the time of his report-- and its cash position. Mr. Casey says its treasury, which stood at a substantial $10-million on June 1, 1998, is misleading because the company has even more debt. In addition, Eldorado's cash flow is still not convincingly positive. Mr. Casey recommended the stock in January 1994 at $4.45, again in September 1995, and in December 1996 at $9.35. The stock peaked at $10.10 in November 1996 following a $150-million investment in the company by South African giant Gencor. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com MM