Post by
JRaffles on Oct 04, 2016 2:58pm
KDX substantially "insulated" from today's POG fall
When KDX was arranging its financial resources in order to purchase Hollister, it sold a high proportion of its production to December 2016 at a fixed price of $1258 per ounce [link below]
Therefore, in contrast to othe rminers, the current gold price, currently at $1269 per ounce, should have very little negative effect on KDX's results in 2016.
Hoever, the market's herd mentality overcomes company realities.
https://www.klondexmines.com/investors/news/klondex-reports-first-quarter-2016-results-remains-well-positioned-to-achieve-full-year-guidance
Comment by
PMInvestor08 on Oct 04, 2016 3:42pm
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Comment by
PMInvestor08 on Oct 04, 2016 6:11pm
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