European Gold Share Discussion Threads

[chipperfrd] 27/3/2008 15:40

A new article on Minesite ...

[qs9] 14/3/2008 20:49

anyone else following these? Havent' really moved despite gold hitting new highs....

[mikeroberts] 21/2/2008 14:08

This should be positive for EGU S.P.


CIBC World Markets analyst Yin Luo published his latest forecast of likely additions and deletions to the S&P/TSX composite index when it gets rebalanced next month.

Mr. Luo told clients that six companies are likely to be added to the index, including Aurelian Resources, European Goldfields, Jaguar Mining, Timminco, Birchcliff Energy, and Mercator Minerals. Synenco Energy and Sears Canada, meanwhile, are both potential deletions.

[wassapper] 29/1/2008 15:49

Don't think so mike - its all about the moves in Canada. 400p would do me fine at the moment.

[mikeroberts] 28/1/2008 18:28

This might explain the drop today....


LONDON, January 28 (newratings.com) - Analysts at Seymour Pierce maintain their "buy" rating on European Goldfields (EGF.ETR), while revising their estimates for the company. The target price is set to 400p.

In a research note published this morning, the analysts mention that the company has posted its production and sales of zinc and lead concentrates from the Stratoni mine in Greece ahead of expectations. The revenue estimate for 2008 has been reduced from $119 million to $104 million to reflect the adjustment for the metal price expectations. The EPS estimate for 2007 has been raised from 19.3¢ to 19.9¢. The EPS estimate for 2008 has been reduced from 24.5¢ to 18.5¢.

[wassapper] 11/1/2008 14:53

hi ramabutan - and many greetings to you. Well if we achieve half of that target on this run-up I will be happy. I like trading the dips on this one.

[rambutan2] 11/1/2008 11:08

happy new year wassapper!

raymond james gold sector note on wed upped target price to C$9.50 and gave it a strong buy rating.

[sjgadvfn] 11/1/2008 08:12

agree. Gold prices are at all time highs, but the Canadian share price rose very sharpely in late trading.

[wassapper] 10/1/2008 22:02

up 58 cents tonight in Canada. In new territory. We have moved about 20% in just a couple of days. Could just be related to gold price. But maybe more?

[wassapper] 04/1/2008 08:11

and so it should Mike - a great long term hold and also fun to trade the ups and downs. We should get very important news this year for both Greece and Romania.

[mikehardman] 04/1/2008 03:16

bounce off rising support firming today (I added @281p)
and now I see IC has it as one of its tips for 2008 :)

[sjgadvfn] 05/12/2007 09:05

"Gold is now more precious than ever" writes Russell Hotten of The Daily Telegragh (5th December 2007), sighting European Goldfields as an "attractive takeover target".

[wassapper] 31/10/2007 13:05

From the broker note in link above ..

We maintain our Buy recommendation

European Goldfields has been our stock pick of the year for the last two years, during which
time it has trebled in price. However, we still see good value as our target price has also
substantially increased. This rise has been driven in part by the steadily improving outlook for
mined commodities, but also by the progressive de-risking of the assets as technical and
permitting milestones are reached. This process will accelerate within the next few months
with the receipt of final development approvals for the Olympias, Skouries and Certej mines.
We have raised our target price from 320p to 373p, based on the sum of the NPVs of the
various projects and the cash balance. In reality, mid-cap mining companies tend to trade at
between 1x NAV and 1.5x NAV to take into account the value of the inherent option, including
exploration potential, quality of management, commodity prices and so on. This would suggest
a target price of more than 500p. However we believe that at this stage, with projects still
awaiting final permissions for development, that the lower value is appropriate. Nevertheless,
our new target price is some 26% above the current price and so we have no hesitation in
maintaining our Buy recommendation.

[chipperfrd] 30/10/2007 22:20

Fresh buy note on Minesite ...

[rambutan2] 29/10/2007 21:35

triple bagger for me so far.

[simon54] 29/10/2007 20:20

Moi aussi!

[chipperfrd] 29/10/2007 19:31

I am still around wassapper!

Good, solid, uptrend (around 47% pa) based on significant resources and capable management.

I intend being a holder for the foreseeable future.

[wassapper] 29/10/2007 18:40

Still few followers for one of the best stocks around!

[wassapper] 19/10/2007 08:39

We should be about £3.10 based upon TSX price and conversion.

[wassapper] 17/10/2007 13:51

Good find Nelson.

[nelson108] 16/10/2007 11:26

Things are moving forward. Must be confident that the key approvals are in the bag.

Outotec to deliver concentrator technology for Hellas Gold in Greece

OUTOTEC OYJ STOCK EXCHANGE RELEASE, OCTOBER 16, 2007 AT 1.15 PM

Outotec has been awarded a contract by Hellas Gold S.A. for the supply of a large technology package for Hellas Gold's copper-gold concentrator plant in Skouries in Northern Greece. The total contract value exceeds EUR 30 million.

Hellas Gold owns three major gold and base metal deposits in Northern Greece which are the polymetallic deposit at Stratoni, the Olympias deposit containing gold, zinc, lead and silver, and the Skouries copper-gold-porphyry deposit.

Outotec's delivery for the Skouries project covers proprietary technologies for grinding, flotation, thickening and automation including engineering and commissioning services. Most of the deliveries will be completed during 2009.

"This is a significant order for our Minerals Processing division. The project demonstrates our capabilities to integrate different process sections and technologies as well as to engineer and deliver large technology packages for concentrators and thus ensure the best recoveries from each raw material", says Tapani Järvinen, President and CEO of Outotec.

For further information please contact:

OUTOTEC OYJ

Jari Rosendal, President - Minerals Processing division
tel. [phone], mobile [phone]

[wassapper] 28/9/2007 15:43

Frizzers I am back in today - If the gold move continues then you can't be out of EGU