RE:Gold Down KL Down It seems that it doesn't matter how well we do, we still go down with the price of gold the same as all the other majors. KL should take advantage of price drops to use their option to buy back shares. I don't remember seeing any buy-backs in the 3rd quarter financial statements, maybe I missed it.
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At least we're down a little less than the other gold stocks, small comfort after yesterdays poor pefrormance on a fantastic earnings report.
I like the idea of some company stock buybacks on down days but not huge amounts, just some strategic buys to keep the shorters from running the price down too far. If others see someone is buying and they join in the shorters will go awayand give up soon enough. But not every day either sometimes I need to load up on cheap shares after selling higher :-))