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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 Syntaxxon Aug 11, 2017 9:53am
115 Views
Post# 26570360

RE:Sold half on the big gap up...KLDX is still a turd...

RE:Sold half on the big gap up...KLDX is still a turd...
There is a high probability that selling at these lows will be a mistake. Even on the 5year weekly chart Klondex is about as oversold as it has ever been. Few stocks even reach these levels of being oversold without a significant bounce, especially those with good fundamentals.

I am in absolute agreement with you that this company has a serious PR problem, and I certainly wish I had the foresight to wait to buy my shares (my average is around 4.5 CAD). But this is short term noise. The 2nd quarter report was largely very good, and this stock has been one of the most beat up stocks in the gold mining space (aside from aksano I can think of few others this hammered).

There is quite a bit of resistance in the 3.90 - 4.00 cad range, as lots of people thought this was the bottom. The likelyhood of us cracking through that on the first go was pretty minute.
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