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Stock impact report

Eldorado Gold Wants 750 Million Euros From Greece [Seeking Alpha]

Eldorado Gold Corporation Ordinary Shares (EGO) 
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm Check Earnings Report
US:NYSE Investor Relations: eldoradogold.com/investors/default.aspx
Company Research Source: Seeking Alpha
Summary Eldorado Gold asks Greece to pay 750 million euros for its misfortunes with the Skouries project. I list potential scenarios and analyze their impact on the stock. The news can put some short-term pressure on the company's shares, but is good from a longer-term point of view. Following a positive Greek arbitration ruling back in April, investors and traders alike have been waiting for Eldorado Gold’s ( EGO ) next moves. Time went by, but the situation in Greece remained unclear. In the second quarter report (I wrote about it here ), there had been no updates on Greece. Here’s what the company had to say on the topic during the second quarter conference call : “ We have been in active and ongoing talks with the Greek government since the arbitration decision was issued in early April but have been disappointed by the government’s failure to act […] We remain open to a continued dialog on the steps required to allow the Skouries development to continue, Show less Read more
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