RE:RE:RE:THH on kereportReading your response TxR, I was struck by your idea that the stock price might go over $6 a share in the next 80 odds day. For the life of me, based on the operations that Novo is currently conducting, I can't see how that happens. Novo is not drilling anywhere that I know of so unless Novo cranks up the drill rigs and hits another find like De Grey's I don't see a double from here by September. But feel free to elighten me.
The main indicator at this point is if Kirkland Lake exercises its warrants. Either Kirkland Lake believes in the Novo story or it doesn't. I'd short Novo if I thought Kirkland Lake doesn't believe because I believe that non-exercise of the warrants would drive the stock price below $2 a share. But since I have no idea what the Board of Kirkland Lake is thinking, (and they have a lot of free cash just laying around) shorting at this point would be foolhardy..
Best to you. Enjoy your posts.