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KLONDEX MINES LTD. T.KDX

"Klondex Mines Ltd is a gold and silver producer engaged in exploration, development, and production of its properties. The company has interests in three mineral properties: the Fire Creek Mine, and the Midas Mine and ore milling facility, both of which are located in the state of Nevada, USA, and the True North Gold Mine (formerly the Rice Lake Mine) and mill in Manitoba, Canada. The revenue of the company is generated from the sale of gold and silver."


TSX:KDX - Post by User

Comment by JRaffleson Jun 26, 2016 6:52am
118 Views
Post# 24999209

RE:RE:I agree..that is why I dont own KLDX

RE:RE:I agree..that is why I dont own KLDX
The best policy seems to be to ask banlers for their advice - then do the opposite.
The bankers advice to the UK govt, was to remain in the EU - the voters took account of this and did the opposite.
In an interviewm, KDX's PR man, Jean Seaberg, said that KDX gave their new Canadian project operators $10m and then to mine and sell gold under their feet as the source for new capital.
It seems that this capital could have been doubled if managment had not listened to bankers - who have a vested interest in hedging deals.
The board should disclose what fees they paid for this "advice".
Why was it taken when KDX's treasury was in healthy surplus?
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