Eldorado Gold Corp (NYSE:EGO) will announce earnings shortly. Ponder this Bear Case Scenario:
China, Turkey and Greece are all countries with high geo-political risk. Eldorado has gold properties in all three. you need to have a very good stomach for headline risks.
Multiple new mines are coming on stream in the next few years. Major developmental risks abound as all sorts of planning assumptions come home to roost. It`s all about the execution at this stage.
As with all gold producers investors have to ask themselves should I own the metal directly and skip the management risk. What do these guys do for my portfolio.
George Gutowski writes from a caveat emptor perspective.