RE:TradingI hope they can hit guidance....this really is the defining moment if Huet can deliver on a 4 mine asset portfolio. This will show as a prelude to how 2018 will unfold.
I think the narrow-band trading will persist until more clarity with Q4 which should be announced by January 19th. OR narrow-band trading to this degree is also sometimes apparent before a take-over offer.
B2Gold is also down 1.2 % today. Most other midtier gold stocks are up nicely.
McEwen is up over 7 %. Not sure why KLDX back under $ 2.70 USD but there is definitely a reason or shorts bailing. This has been the short of the year for many along with Asanko (which was damaged far more). But Asanko can't even compare to KLDX since Asanko still needs the loan re-financing + the lingering operational issues at their 2 deposits.
With gold at this level + if they make guidance and show Hollister ore is all processing fine through Midas + hitting the higher grades at TN, Klondex is going to double in 6 months to $ 5 USD +.
READ THE REPORTS. DISCOVERIES ARE RUNNING THIN.
THE MAJORS WILL WANT TO REPLACE RESERVES WITH EXISTING PRODUCING ASSETS. I would love to see a continued depreciation of the USD, uptick in inflation, and continued appreciation of most metals' commodities.
Oil appreciation will help Canada's $ also.
Any spot gold price appreciation will help Klondex regardless. JIN
diceroll777 wrote: Appears to be heavy trading in a narrow band. This always happens when shorts are getting out of their position. There is no news that production goals have not been met.with gold holding strong and the price of this stock down, Huet is running around the clock to make sure they hit numbers