Good morning traders, today we will cover EGO, a massive gold mining company. EGO let out some big news during a massive week throughout earnings pumping a massive 50%. Not only did EGO release some fantastic news but it just so happened to be after a major breakout which hasn't been tested since 2010. Another impact that should be accounted for is the Coronavirus. As Coronavirus scares grow, economic despair follows.
On a side note, EGO just released some pretty big news about their mine Kisladag. Eldorado
EGO claims they have a plan for a 35% gold production increase.
Average Volume: 2.20 million shs
Current Volume: 20.22 million shs
Eldorado says completed long-cycle heap leach testwork indicates increased heap leach life of mine recovery at Kisladag to ~56% and extends mine life by 15 years through 2034.
On an unadjusted basis, Q4 net earnings swung to a $91.2 M profit, mainly attributable to the net $85.2M Kisladag impairment reversal, compared with a $218.2M loss in the year-ago quarter.
My Opinion?
10.09 Breakout = Moon
Friday we saw EGO touch over $10 a share after-hours, will we wake up to a bag next week?
As always
On a side note, EGO just released some pretty big news about their mine Kisladag. Eldorado
EGO claims they have a plan for a 35% gold production increase. Average Volume: 2.20 million shs
Current Volume: 20.22 million shs
Eldorado says completed long-cycle heap leach testwork indicates increased heap leach life of mine recovery at Kisladag to ~56% and extends mine life by 15 years through 2034.
On an unadjusted basis, Q4 net earnings swung to a $91.2 M profit, mainly attributable to the net $85.2M Kisladag impairment reversal, compared with a $218.2M loss in the year-ago quarter.
My Opinion?
10.09 Breakout = Moon
Friday we saw EGO touch over $10 a share after-hours, will we wake up to a bag next week?
As always
Nota
TOUCHDOWN. EASY LOOT
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.