RE:KLDX Price ManipulationThis was also going on in September and a few times in October.
It would suddenly drop 3-4 pennies right at the last 2 minutes of trading.
Today the take-down began at 3:31 PM...from $ 2.29 USD to $ 2.22 USD close in 29 mins when nothing at all changed with the gold price at all. Gold remained throughout the day down 2 bucks... Was a pure take-down on pretty good volume since today's volume on US ticker was 1.6 million shares (KLDX). Very sickening.
This stock is beyond cheap now. They are going to be spending about $ 5-6 million LESS this quarter vs. last plus with the ore stockpile and far higher production guided...this should be quite a profitable quarter just looking at all the #s. I would not be surprised come end of year and into January for buying to resume as the end of quarter 4 nears (similar to what happened in Q3 but unfortunately with the horrible results). Too bad wasn't the opposite.
They should get some pre-production #s out asap and talk about progress at True North of hitting the higher grade zones rather than the 3-4 g/ton sh*t. We need a NEWS RELEASE asap. JIN
Highwave wrote: Everyday for weeks going into the close, the last 15 minutes of the day the trading volume of KLDX spikes. As the closing bell approaches, the selling picks up and at the very last few computer driven trades at 4:00 come in it ticks the price down like clockwork.
The only way this cycle is broken is a change in the gold market driven by a catalyst from Fed policy, War or a risk off environment shows itself. If not we are stuck until the last trading day to sell to recognize this year's loss which is fast approaching. After that I would expect a reversal.
This stock is really cheap right now. Really really cheap.