RE:RE:KLDX Short Position Keeps Going Higher...We are down just a penny now on the US ticker to $ 2.48. People were buying up the cheap shares at $ 2.39 - $ 2.41...the past few days this stock has stabilized immensely. There are now 7 more days including today for tax loss selling. Jobs report is out and rate hike is done. This is setting up strongly for a rebound. The last piece of the pie is to have a strong quarter and hit guidance. If they can do this, it'll be an extremely profitable quarter for Klondex and they will significantly boost their cash balance. This is all achievable. The whole thing reminds me of Pretium (another great stock), when Quartermain was buying mid August at around $ 10 when everyone was in panic mode...the insider buying is always the signal for most of these PM stocks. Sure enough Pretium turned it all around and had an amazing Q3 with Share price up over 25 % on the production results. JIN
goldminer01 wrote:
So I would ask what is the short story ? 16 days is significant.
Probably some sort of pairs trade and KLDX is designated the weak position vs a stronger one
in the same segment ? Better ways to short gold with a less financially secure miner like
Asanko who can go BK even if gold hits $1900.
Production this year could be up 40 % vs 2016 if they meet goal. It is quite possible, although
difficult but stock is already priced for a 7-10K ounce miss. Downside is not that big.