RE:Something is upReally hard to assess. I didn't tune in for the last conference call, analyst comments, etc so wonder if anything material transpired then? The market went down steady from that last quarter update but I don't get it....grades are great, talk about new zones and increase to overall production, and I recall something like $200M cash on hand growing every month. I can only think the boyz don't like KL investing so much into Novo. And yet Novo has great potential and if they come out with a nr on new trench samples that is high, shorts will get absolutely creamed. The potential for high grades far exceeds any downsside potential IMO. The market knows that drill results won't be lab analyzed for a few months so maybe some false confidence? If Novo were to announce visible gold in cores it could react very strongly.
However, all said and done we have to acknowledge that market forces are pushing KL price down for some reason. Could simply be that the stock ran up pretty strong and now pushing it back will give some chance to pick up shares at cheaper price. If you look at level 2 you'll see same old gang doing the buying and selling to move price down. JMHO.