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Bullboard - Stock Discussion Forum 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... see more

TSX:KDX - Post Discussion

KLONDEX MINES LTD. > Amazing bunch of armchair quarterbacks here
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Post by jimmyrogers3033 on Jun 29, 2016 3:55pm

Amazing bunch of armchair quarterbacks here

whinning about the forward sales - you would have been crying if gold had gone below $1000 and Co had to default, wiping out shareholders. Be grateful we're in a new bull -  earnings are going to skyrocket the next few years. Plus forward sales allowed KDX to buy Rice without huge share dillution, that would have REALLY hurt per share earnings going forward.

This becomes one of the less risky names if there is a correction (gold only goes up, right?) and a huge earnings winner over many years.

Gold's going back to $1800 US so this could be a $20 stock!
Comment by JRaffles on Jun 29, 2016 5:01pm
“……. forward sales allowed KDX to buy Rice without huge share dillution, that would have REALLY hurt per share earnings going forward……”   Please check KDX's reports of its bloated cash reserves before  its purchase of Rice Lake ….. the forward sales seems to be led by "advisers".    https://www.klondexmines.com/investors/news/klondex-generates-2015-operating-cash ...more  
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