Klondex Financials - Conference Call The Q4 numbers were not as bad as I had expected. The balance sheet is going to look a lot better after Q1 given the gold loan payout and higher gold production but I will wait for the conference call for further insight.
Waterton continues to add to their holdings and I don't think they are going to be a passive investor and they will either push for board representation of a shakeup of the board and/or management. The TSX rebalance will occur on Friday after the close where approx 9.3M shares will hit the market. Don't get too excited thinking this is going to tank the stock, with 18M shares short and signs of a turnaround, there should be plenty of interest in KDX.
Will listen to the conference call but taken everything said with a large grain of salt until they earn back their lost credibility. KDX has assembled an impressive land package and it I expect they will be realized soon.