Post by
JintsuGehan on Aug 09, 2017 10:15pm
KLDX/KDX - Final Q2 Takeaway
Whoever got in today, congrats. Cannot believe the stock is at $ 2.86 USD and then an earnings report comes out like this. 9/10 for the Report and Q2 Execution. Short squeeze?!? You would think.
Also cannot believe Klondex yielded NET INCOME as a growth oriented co. plowing back money into CAPEX, ramp-ups, etc. I am actually impressed they got 4 cents/share - good result vs Q2 2016 as most quarters have generated net losses. Agree with the move to buy Bison Gold as someone said to use TN mill capacity & for the resource base (but this should have been materially announced yesterday). All the ducks are in order finally.
Now for the negatives hurting sentiment as a whole:
The company needs to be more PR-friendly focusing on CLARITY to the capital markets and not hashing out 1/2 as** press releases of PARTIAL RESOURCE statements. Hatter Graben SHOULD have been included and a NI 43-101 compliant resource issued with FULL drilling results including both Gloria and Hatter Graben by end Q4 2017. Why the rush? On their presentation, one of the stated "goals" was to get out an INITIAL Hollister resource. No one wants to see "initial" resource statements = UNANSWERED QUESTIONS + DOUBT especially knowing now prior Hollister owers have mined out over 450 K GEOs. We are dealing again with capital markets & algos.
This whole issue with Hollister I believe caused one month of torture to large retail shareholders, myself included. Thinking I am buying in cheap end of June...wow did this is ever cost me on paper missing out on the entire oil rebound from early July into end of July.
Huet & Co.: since Q2 is out of the way, NOW is the time to deliver on these future prospects and deliver a solid H2 going into 2018. With 4 properties and now the Bison Gold takeover, enough of the "conservatism" and this basic approach to Public Relations, plain and simple, guidance for 2018 should be at least 280 K GEO. Let's get the ball rolling and "sell the story" through proper press releases (CASE IN POINT: KIRKLAND LAKE GOLD a company I truly LOVE and admire Tony Makuch and the old guys from Newmarket what they did with KL merging is a story of its own). But they know "how to sell the goods" via proper press releases. No need to go onto BNN and self-promote KLDX as Huet & Co. have done. Total waste of shareholder $$$ we are not some penny stock! I've know seen the 15 second commercial twice, total waste.
Regardless - a satisfactory and promising result going into the Fall. The CC should be telling.
Comment by
MetalsKing on Aug 09, 2017 10:41pm
well stated and I agree. Seems like a steal down here given they are growing AND profitable and solid financially, be interesting to see tomorrow if the market can find something to latch onto and hit the stock once again? LOL or maybe we get a "shocker" and can move higher? we see