RE:RE:RE:Dumped a bunch...Gold could be up $500 and KLDX would drop Worst case scenario is like the one that happened with Askano recently. That scenario unfold with a falling price of gold though, so it is somewhat unlikely. However gold could sharply reverse here, which is certainly a decent probabilty and Klondex could break the 3.57 support I mentioned, which would likely mean more downside before big upside. If that happens I will likely buy a lot of shares.
More likely is a semafo like scenario, which occured with rising price of gold. A steep drop followed by a steeper climb. Anwhere from where we are down to 3.58 would be a reversal point.
Klondex could certianly help the matter by releasing some good news, but tbh between the drill results and a nice 2q report there is quite a bit out there.
I agree, managment diving in and buying shares may help the picture.
The one thing I cant really factor is how being included in the russel index is changing things. I tend to agree that it would be better if we were not part of that.
There is, of course, the spectre of some really bad news perculating under the surface. Tahoe and Askano also exhibited troubling signs prior to bad news being released, and Klondex has certainly had its share of troubling signs on the chart. The only difference is there are no rumours or potential issues out there. Safe jurisdiction, mines generating positive cash flow, decreasing costs, cash in the bank, rising gold. Who knows, but no question, this stock has been a stinker for a long time now.