RE:RE:Has held up great past couple of weeksHello pi....Let me share with you an actual update of the entire KL picture going into the summer:
I am merely pointing out the facts of this rebalancing post my phone call with Mark U...
never did I mention it was going to be relevant with this big effect as you hint at below. The effect will be negligent and any weakness in SP will be picked up by NCIB or VanEck in its other fund: the GDX. A wash essentially. Not sure I see this huge drop...so we are now 9 pennies under $ 24 CAD. Yesterday we were near $ 24.40 CAD...little ups and downs.
You were calling for a 20 % plunge! FACT! We are pretty much still at $ 24 CAD with the all-time high of $ 25.36 CAD.
This whole "rebalance" saga will be over in 7 trading days....and then what will you have to go on to support your " short thesis??"
A thesis based on nothing - merely you calling for gold back to low $ 1200s yet I see $ 1298 live on Kitco, and a break again above $ 1300 this morning.
Let me guess....you will be covering soon....hopefully you share this real-time data, as you seem to perfectly time the highs each and every time. Somehow impossible, unless you are Jesus Christ.
Plenty of news to come in the pipeline after I spoke to Mark last week. We're now June 7th. The big run started last year in early July 2017.
And yes 2018 production guidance will be surpassed.
Swan ore starts in Q3 2018; decision on Northern Territories + Union Reefs (pretty much will be green-lighted though not yet formally announced); Novo is smoke and mirrors and irrelevant at this point all talk no action; bulk of spending will be done at Fosterville in FY2018 and just a bit more needed in 2019 (very important point)..since much less spending at Fosterville in 2019. Will be great for not blasting through the cash balance and then the big cash and CAPEX can be spent on Macassa # 4 shaft project. Author of the Globe and Mail (PI Analyst last month) fails to see bulk of spending will be finished after this year and a bit next year at Fosterville, and mine will then be at 400 K oz.!! One mine alone at 400 K oz. by end next year. Huge. You know barely anything about the Kirkland Lake story prouditalian. Get informed. This is a period of healthy consolidation.
RUN, COVER, OR GET IN FOR THE RIDE AND MAKE SOME $$$.
JIN
prouditalian wrote: Jin, I thought you said the GDXJ rebalance was irrelevant when I mentionned it? LOL
Its happenning and it has further to fall.