RE:RE:True North StoryIs that a joke??? No I'm
not Jeff Killeen from CIBC... W*F?
I was using his name as he got the selling going during the Q3 earnings call when he started talking about True North and then asking how much care & maintenance would be monthly. He was the one analyst
who actually questioned Huet intensely...a good thing. Huet sounded just dumb and clued out which also didn't help.
I myself believe KLDX would be a BETTER company
without True North. I really like the idea of one mill 3 mines. But why did they feel the need to bring back a closed mine from Manitoba, Canada??
Hollister, FC & Midas all feeding ore into Midas mine is one "centralized story."
I'm a realist. The problem with True North the past quarter was the 0.11 oz/ton grading and the CASH BURN associated with getting garbage production #s. Plus of course the extra G&A expenses company wide which was a big shock causing ALL IN costs to rise to $ 1150 - $ 1200 USD...very bad.
They need to be hitting higher grade ore from True North as discussed in the updated Resource Estimate for True North earlier this year. Rather than the 0.11 oz/ton garbage. Where is this higher grade ore?? Forward P/E ratio I saw on Yahoo Finance is now 9.7 something. That's super cheap.This stock has been hammered down.
Also, the GDXJ quarterly re-balancing could be hurting, but I believe may be priced in already due to the higher volume the past couple weeks
when they dropped price down lately on days when gold was UP. KLDX is also not even in the Top 10 holdings anymore after the June re-balancing which was the 1st big hit on the share price in 2017.
KLDX was doing well up until Q3. No one could predict the issues with ore feed at Hollister as well as True North. Many other midtiers are down similar to KDX just plot graphs of October 11th to now. Gold price is being hammered.
We are now down nearly 5 trading days in a row for spot gold. Last Friday with the Trump thing & Flynn, KLDX was torpedoed - 5.5 % even gold was UP $ 5.50 USD and gold even touched $ 1290.00 briefly. Only B2Gold has held up pretty well because of Fekola. I think it's down 3 % only in same timeframe. KL is down (I'm a huge fan) as well now 7-8 % from the peak.
This sentiment is exactly what happened last two late fall seasons, and then huge rallies after January 1st. Two years in a row...you're obviously into gold stocks to be here.
I am sure you know what I'm talking about. 2016 rally was especially wonderful.
All about Non-farm payrolls tomorrow and then Wednesday to see if the Fed will be hawkish (bad) or more dovish (better for PMetals).
Bitcoin at over $ 17 K USD now...wait until people start TAKING PROFIT on that. Sector rotation...
This is not meant to be a defense of Klondex in any way at all as there are many things I dislike, but I just laid out all the facts out there and #s.
JIN
tlee10911 wrote: LOL! Oh come on JitsuGehan (aka Jeff Killeen). Is your confidence in your ability to make a good stock call so shaken that you have to come on these little retail bullboards to pump yourself up? Jesus haha!!