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Kirkland Lake Gold Ltd. T.KGI


Primary Symbol: T.KL

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.


TSX:KL - Post by User

Bullboard Posts
Post by Markcalgaryon Jun 13, 2018 2:56pm
71 Views
Post# 28167305

Picked up some more options

Picked up some more optionsPicked up 20 call contracts for Aug 18 at $25C (2000 shares) this AM to add to the pile.  Cost was 1.90 per contract... $3800. No biggie, but 2000 shares today would cost  $51200.  Thats 13 times leverage.... Contracts are for $25C calls for August 18th.  I looked back at the news release dates from last year,  Starting on the 25th June 2017, here is a list of what happened
June 15 price 10.51
June 27 Drill results Taylor 
June 28 Drill results Macassa
July 10 Production numbers from Fosterville 
July 27 New 43-101 reserves for Fosterville
Aug 2 financials released
Aug 8 More drill results Fosterville
Aug 11 More drill results Taylor
Aug 11 Sprott bought more shares

From June 15 to Aug 18 the share price of KL popped from $10.51C  to $14.74.    HMMMMMMM

So the logic is that I hope we will probably see similar announcements PLUS I am hoping the exploratory drilling thats going on looking for perhaps 3 Fostervilles and anything that NOVO might add.  PLUS share buybacks.  PLUS anything else that might fall from the sky.  I certainly dont expect the same 40% lift,  but I am quite willing to gamble that I will recover my investment,  and hopefully the upside....
Here’s how it plays out from a stock price perspective for the price at August 18
25.00 Lose 3800
26.90 Break even 
27.50 $1200. 31.5%
28.00 $2200  57.9%
28.50 $3200 84.2%
29.00 $4200 110%
29.50 $5200 137%
30.00 $6200 163%. Thats a 20% lift in share price ......half of last years.

Good intentions and hope get you FA .......downside is total loss.  Only in a non registered account in case of loss.  I use IB brokerage, so Commissions are negligible.  Any one else using options?  

Cheers
MC
Bullboard Posts