European Gold Share Discussion Threads

[justjules] 08/7/2011 11:40

fingers crossed

[seagreen] 08/7/2011 09:22

RNS Number : 0151K

European Goldfields Ltd

07 July 2011

Suite 200, Financial Plaza

204 Lambert Street

Whitehorse, Yukon

Canada Y1A 3T2

Company Update

7(th) July 2011 - European Goldfields Limited (AIM: EGU / TSX: EGU) (the"Company") has noted the recent movement in its share price.

The Company would like to confirm that over recent days it has been in active and close dialogue with the Ministry of Environment, Energy and Climate Change ("MOE"), regarding the permitting of its Greek projects. Based upon those discussions, the Company is highly confident of a positive outcome. Remarks reported in the press today, following a press conference held by the MOE, further underscore that level of confidence.

About European Goldfields

European Goldfields is a developer-producer with globally significant gold reserves located within the European Union. The Company generates cash flow from its 95% owned Stratoni operation, a high grade lead/zinc/silver mine in North-Eastern Greece. European Goldfields will evolve into a mid-tier producer through responsible development of its project pipeline of gold and base metal deposits at Skouries and Olympias in Greece and Certej in Romania. The Company plans future growth through development of its highly prospective exploration portfolio in Greece, Romania and Turkey.

[rambutan2] 07/7/2011 16:21

Ideal scenario would be for Greece to drop out the Euro and thus nicely reduce operating costs - I can't imagine the Drachma would be very strong against gold for a while.

[seagreen] 07/7/2011 15:08

Some people are on the pitch... they think it's all over...

[seagreen] 07/7/2011 14:41

ROLFMAO

Anyway gone through 12 bucks in canada......you could be forgiven for thinking Stavros might be dusting off the permit 8-)

[mcmather] 06/7/2011 10:49

"nearly a million shares traded is significant money thats ni on a $1b in cash ...." - seagreen, is it not C$10m?

[seagreen] 06/7/2011 10:42

Mind you the volume last night in Canada was exceptional not with standing the price of gold rise...nearly a million shares traded is significant money thats ni on a $1b in cash ....

[nelson108] 04/7/2011 09:31

The environment minister who said that was sacked a couple of days later. She was replaced by the previous finance minister in the cabinet reshuffle. Although you'd imagine that the new guy would be more likely to give the go-ahead since he understands better than enyone how dire Greece's finances are and how much the country needs this investment, my fear is that he'll not be as up-to-speed with everything as the previous minister was and so won't be able to stick to that deadline she set. I understand the company are pushing him to stick to it, but who knows. I think we're more likely to get a yes now, but more likely to get another delay too. I hope I'm wrong on the latter.

[maxim1999] 03/7/2011 10:59

3 weeks from when they said the permit would be issued takes us to Wednesday this week. So next week could be when the wait is over ?!

[holism] 30/6/2011 11:03

News from Greece any day I would imagine?

[seagreen] 29/6/2011 16:26

reckon we had a bit of canadian negative greek shorting scenario too....so lets hope we can get two greek solutions in a week or two

[frizzers] 14/6/2011 23:34

Being dropped from GDXJ is a big blow. That's what really got he ball rolling 18 months ago

[huffster] 14/6/2011 13:50

a mention on FTAlphaville blog which purports to explain drop but for me I'm waiting for results tomorrow like others. I shouldn't think we'll get approval tomorrow AJ more like a repeat of most recent statements, "board confident etc etc."


Markets Live transcript 14 Jun 2011
Posted by Neil Hume on Jun 14 11:03.
Moving swiftly on
NH
was someone asking about European Goldfields
WARNING!Crowded long. Every hedge fund in London owns this Greek gold play, even though it doesn't have a permit to mine.
European Goldfields Ltd (EGU:LSE): Last: 648.00, down 32 (-4.71%), Volume: 20.35k
BE
Is there news?
NH
well sort of
NH
stock is week
NH
(FATDAZ – in a farmhouse)
NH
because
NH
it's been kicked out of an index
NH
and as the PR was telling me
NH
that's good news
NH
because
NH
they were just too big for that index
NH
On Friday after the close Market Vectors announced significant changes to their GDXJ index. Twenty-three names were added, and four names were deleted. The four deletions included names greater than US$2.5 billion in market capitalization, and were replaced with names ranging in size from US$200 million to US$550 million. These changes are largely as a result of the GDXJ methodology which targets a range of 90-98% of the market capitalization range of all gold and silver names, and removes those constituents that grow to large in size in order for the index to properly reflect the Junior Gold and Silver miners that investor seek when investing in this product. The following changes will become effective after the close on Friday June 17. The theoretical flow for these changes and additional significant flows affecting gold and silver names appears on the following page."
NH
that's from RBC
NH
there you go
NH
should explain it

[aj_edi] 14/6/2011 12:51

Hopefully a good reason for it. If the Greek situation is approved it should be a good day tomorrow - failing that, who knows.

[mcmather] 14/6/2011 12:47

May be unrelated but the announcement of and the actual date of the Q1 results was/is about a month later than normal? All in order or a 'reason' for this?

[aj_edi] 14/6/2011 12:43

I suspect you're right to hold off pbracken - I never like it when a share is marked down this much immediately prior to results.

[pbracken] 14/6/2011 10:02

Results due tomorrow. No word of approval re Greek assets, as yet. Tempted but not before results.

This is a classic case of a stock that could double or half on a single RNS.

[seagreen] 04/6/2011 11:28

might well bounce of the 8 ball prior to its asualt to higher plains

[bogotatrader] 25/5/2011 17:58

Over 800p now and poised to head towards 900p then 10 pounds in quick order....

[seagreen] 18/5/2011 15:38

Last chance peeps for a sub 8 takeaway

[bogotatrader] 18/5/2011 15:37

Up she goes towards 800p level...