RE:RE:I only wonder where the price of KL would be if it wasn't Correct, NCIB program has had
zero effect on SP the past few months.
SP is high all based on the great news from April-May + market's expectation of much more in the pipeline (Swan, Fosterville drill program results still zero news on that besides Robin's Hill which I count as outside of Fosterville itself, update to Macassa shaft project, guidance expected to be revised up next earnings, etc etc).
Plus, checking CanadianInsider.com, there has been zero insider activity since those 69,400 shares were retired from float...(they paid $ 19.32 CAD back in April).
The fact that it is so quiet on the insider front means there is big news ahead.
Hang tight.
This has been a very healthy consolidation phase + considering gold is down $ 60 USD off the peak, KL has done very well!!
I still wouldn't be surprised to see a big major want to swoop in while SP is still in mid $ 20s. Maybe pick up shares for $ 35 - $ 40 CAD in that range. Newmont, Franco Nevada, there would be very few ES would ever agree to be acquired by. Has to be a top tier senior with top balance sheet.
It may be so quiet as a potential suitor is doing its due diligence. All sworn to secrecy. Remember ES does love M&A.
JIN
PulpLogger wrote: KL only bought shares on one day, during Q1. Way different from 2017.