RE:RE:Sold half on the big gap up...KLDX is still a turd...BIG mistake ! !
The shorts got caught by the profitability. They were riding their gains from the GDXJ rebalance and the negative trends on KLDX's cash cost numbers from the 1st Qtr
You had to know that they would try to frustrate people out of their positions the first few days - they have to find a way out !
Go read the NEW article on shorting KLDX
https://seekingalpha.com/article/4098060-klondex-mines-stop-shorting-shares-now?auth_param=dfvrg:1coromc:dec6dda912bb3c9cc91f27f20bd1df98&uprof=45&utoken=ae29f5f89fd5f4976fcb4def6099c
They are now going to slowly realize that they have to get out. Even this author is "woefully" behind the operational issues. He still doesn't understand that they are loading up the Midas mill, that it will now run at full capacity and that the same thing will happen at True North in time. These things will continue to drive costs down which he "still" doesn't get, even though the Bison Gold acquisition makes it clear to us !
We are currently moving up on small qty buys , which tells me that the small investor gets it ! Wait til the fund managers change their outlook on KLDX and then any shorts still sitting there will want to protect their dwindling profits. Greed can be a funny thing ! LOL
I think we are now looking at higher highs and higher lows as people start to realize we may be looking at 55,000 GEOs in the 3rd Qtr, another $6-7 Mil profit, another $10K in cash and good drilling results ! (i.e. The 1st Qtr was just a one off due to ore not getting processed, as I stated earlier and the company was just going through start-up costs to 2 new mines. Costs go down from here)