Loved that dip, today. Rolled over the last Oct18 calls.....to Jan19. Even pocketed some profit, which is rare for me on a rollover.
Admittedly, not as confident as I was this Spring, when KL was around $14 US and clearly had big FVille production increases coming. That said, it's hard to ignore how strong Macassa and FVille exploration results continue to be. Macassa is a sea of 20 g/t, and likely to continue on east under the historic mines, based not on speculation but on the known data from when those mines shut down. FVille is seeing repeats in rock type and visible gold, as drill depths increase.
I am leery of the Novo investment, more because it implies a high-risk gambler mentality on the part of the board, that is in contrast to the steady strong no-BS growth that KL otherwise is exhibiting. But that said, Novo is by most measures a small part of the KL corporate picture. I'm definitely eagar to see how this plays out.