European Gold Share Discussion Threads

[frizzers] 26/9/2007 20:18

Thanks, Was.

There's been more volatility in Canada, where I hold mine.

[wassapper] 26/9/2007 08:24

As a close follower Frizzers I have not seen too much of that; 5% maybe but not much more. Most in Canada. We had a little surge a couple of days ago (after the TSX announcement) which I used to close my sbet positions temporarily for a nice profit.

As I have said many times before this is a good trading stock and runs in a nice channel.

Finding a re-entry point will now be a challenge for me (have not sold any core holdings), but it will be soon. I think we are due a further drop to ctach up with Canada.

[frizzers] 25/9/2007 23:20

The charts in the header don't show it, but the recent volatility in this stock has been huge. Regular 5 or even 10% day swings.

can anyone explain?

[chipperfrd] 24/9/2007 08:50

Also worth noting that the CAD has had quite a dramatic rise compared to GBP and most volume on EGU appears in Canada.

Price in Toronto on friday equates to 319p on LSE.

[wassapper] 24/9/2007 08:43

Look at the moves in Canada on Friday for most of the answer - we had an unaccountable drop whilst the Canadians were buying.

[simonjamesturner] 24/9/2007 08:19

Interesting, +12% on no news and only 2 small trades. Guess the mms need shares today.

[wassapper] 24/9/2007 08:16

a cracking start to the day

[wassapper] 20/9/2007 22:22

And a nice break out to celebrate.

[rambutan2] 20/9/2007 10:07

20 September 2007

European Goldfields Limited

European Goldfields Added to S&P/TSX Global Gold Index

20 September 2007 - European Goldfields Limited (TSX / AIM: EGU) is pleased to
announce that its shares have been added to the S&P/TSX Global Gold Index,
effective after markets close on Friday 21 September 2007.

With a market capitalisation of approximately US$1 billion, a cash balance of
over US$200 million, an operating mine and a pipeline of three further
development-stage projects in Greece and Romania, European Goldfields expects to become a mid-tier gold producer by the year 2010.

[yorkshire123] 18/9/2007 13:08

Looking better for all metals. The lead price jump good for EGU. Minesite review the last week in metals.

[maxim1999] 12/9/2007 13:23

Thanks very much

[mattybuoy] 12/9/2007 12:15

maxim,

Registering for Minesite is easy and doesn't cost anything. It is the essential site to be looking at if you're investing in London listed miners.

[maxim1999] 12/9/2007 09:55

cant see the minesite article...can you put it up
please ?

[simon54] 12/9/2007 09:42

What's the gen on the "raucous site visits"?!!!?

[wassapper] 12/9/2007 09:36

Matty - it would have to be glowing - this is the best miner on AIM by a long shot, and there is some good competition these days eg MML, IFL etc. Back-up the truck!

[mattybuoy] 12/9/2007 00:04

A new (glowing) Minesite article:

[mattybuoy] 09/8/2007 01:37

Why does EVO find the backing of the Greek authorities a "surprise"? It's plain as a pikestaff that the company has been doing everything right in that arena for ages now.

Brokers, who'd have 'em ... ;)

[simon54] 08/8/2007 13:10

Good stuff :-) Pleasing to see cash operating costs so well controlled against an industry background of cost escalation. I've been looking for some points to worry about, but even some current problems with ground conditions have been more than offset by the continuing better-than-anticipated grades.

[mikehardman] 08/8/2007 10:12

great results, IMO

[wassapper] 08/8/2007 07:48

Good results but better to compare Q1 2007 with Q2 2007 to see what the current trend is.

Q1 2007 Financial highlights:

• Sales of US$17.1m in Q1 2007, compared to $9.1m in 2006 - Sales up 88%
• Profit (before tax) of $5.7m in Q1 2007, compared with $1.0m in 2006
• Operating cash flow increasing to $7.3m in Q1 2007, up $4.9m over 2006
• Working capital of $45.2m at 31 March 2007; $102.7m post sale of the
Stratoni silver stream in April

Q2 2007 Financial highlights:

• Sales increased by 142% to US$42.0m in H1 2007, compared to $17.4m in
2006
• Profit (before tax) of $16.6m in H1 2007, compared to $1.3m in 2006
• Operating cash flow increasing to $19.0m in H1 2007, up $14.5m over 2006
• Working capital of $211.6m at 30 June 2007, compared to $36.5m in 2006

Assuming current output and prices remain stable we should see for 2007 as a whole:

Sales of $92m
PBT of $38.4m
Cashflow of around $42.4m

Not had a chance to read the complete announcements so have not spotted any bullish or bearish points.

David Reading continues to deliver. The most underated CEO of a mid-tier producer. London still appears indifferent to this company.

[shavian] 22/7/2007 18:35

Found this on

I do like the idea of Evo wetting itself..

"Surprise backing of the Greek authorities for Olympias and Skouries projects has Evolution wetting itself. Repeats its buy and 326p a share price target. Says: 'We believe additional impetus from this unexpected governmental backing, clearly indicates the government's intent to expedite the permitting procedure given the positive social and economic benefits of the EGU projects"

I also note that Colin Mclean of SVM has EGU as his most overweight stock in the SVM SRI Euro fund. He's no fool.

[shavian] 22/7/2007 10:02

Hi Ronnier

Thanks for waking up this thread. I do like the idea of Evo wetting itself..

"Surprise backing of the Greek authorities for Olympias and Skouries projects has Evolution wetting itself. Repeats its buy and 326p a share price target. Says: 'We believe additional impetus from this unexpected governmental backing, clearly indicates the government's intent to expedite the permitting procedure given the positive social and economic benefits of the EGU projects"

I also note that Colin Mclean of SVM has this as his most overweight stock in the SVM SRI Euro fund.

Do you know how to put charts onto a thread? One would be useful here.

With gold looking very positive I may come in on this one. Good luck