RE:RE:RE:IR Wrote back with the detailsOR I should also add that the potential suitor with a large cash balance...would pay outright for the mill expansion project
post-takeover. Recall Midas - when owned by Newmont - at one point, produced on its own 200 K GOEs/annual at the peak.
Suitor would be buying KDX for the 3 Nevada mines...TN would remain in the portfolio with optionality at higher PoG.
The suitor would fork out the tens of millions for the mill expansion after scooping up KDX. If PoG keeps trending up throughout the spring, I'm quite sure there would be a deal since $ 2.25 USD is ridiculous.
BoD still have MANY shares. People saying there was massive liquidation in February, yes there was selling but Huet still owns nearly 500,000 shares, Matlack over 1.2 M shares. Schultz has many many as well close to Huet or more even.
They can still have their day jobs, but just be absorbed by a top midtier at right premium. Huet did turn this around from nothing and you have to give him credit. TN though was an outright mistake & failure at 0.24 opt assumed grades...never happened..hitting 0.11 opt was a joke..no one is perfect especially in the mining industry.
JIN
JintsuGehan wrote: The only thing I can think of is if Hollister could not come in between 21 K and 25 K GOEs per their revised Hollister guidance. That would then mean still issues with ore feed into Midas mill. I really hope Hollister came through this time!
Fire Creek and Midas should also have performed up to expectations since they were doing well all year...alas we never know. If something were to go wrong at FC and Midas, then market would be spooked again.
TN @ 24 K to 27 K has already been factored in or else we'd be trading 50 cents higher at least vis-a-vis a $ 1335 gold price. It'll be interesting to hear what the plans are for TN but at least the tailings remain. Bison Gold acquisition = also ridiculous..they must have already known that the grades at TN were terrible and not per model back in the summer. So why they pursued an acquisition in the same geographical landscape doesn't make sense.
Luckily it was just a couple millions shares added to the float. If gold can remain over $ 1320 for next few months + a conservative production guidance of let's say
220 K GOEs for 2018, and the tailings at TN covering the C&M costs for next couple of years, KDX should be able to bank $$$ for the mill expansion project without any need for equity raise.
If they can show profitability again, I think this would be a top takeover target by a larger midtier based on valuation alone as we're trading when they were a two mine story a few years ago.
JIN
goldminer01 wrote: Thx for sharing. Do you think there is more sh*tty news relating to 2017 results and/or
2018 guidance to announce on Investor's Day ?