Post by
diceroll777 on Feb 10, 2018 2:25pm
Breakup value
Using 190k production for 2018, gold at 1300, all in costs of 950 and 50m capital expenditures, this stock has 9cents to break up value. If talks are not taking place now, they sure will be with another 10 cent move. Also, I read on another blog that their revolving credit terms/amount has been changed. If true and they have to pay as they go, they will have no alternative but to sell. Given they forecasted uneven production for 2018, I don’t know how they fund activities. Sure looks like we will lose more and than wait a long time to regain any portion of our loses. This is ugly and I blame Huet and a bogus board for allowing this year to unfold as it has.
Comment by
daktarie on Feb 11, 2018 4:22am
KDX needs a buyer with big pockets who can push their high quality assets - there is so much potential - but needed some more money - guess we will see so in the near future the question is for which price they are willing to sell - will be much higher then today:)
Comment by
diceroll777 on Feb 11, 2018 4:57am
Right now, I think the most they would get is $3.25 US which would still help cut our losses. I just know they need change bad. Huet had 1 good year since 2013 and I hope he is already gone.
Comment by
daktarie on Feb 11, 2018 9:05am
another option would be to sell TN and focus on growth of their US-asset only - also this would make sense over medium-longterm view as the CAD will strenghten against the USD and so margin for CAN-operations will weaken