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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
Comment by JintsuGehanon Sep 13, 2018 9:15am
67 Views
Post# 28610966

RE:RE:RE:RE:RE:RE:RE:RE:Don't know if this has already come up....

RE:RE:RE:RE:RE:RE:RE:RE:Don't know if this has already come up....Incorrect answer?? I am changing nothing. My ORIGINAL argument was 599,700/211,200,000 = 0.002839 then multiply by 100 = 0.2839 % of the prior share float was reduced. This cost $ 15.2 M CANADIAN dollars. That was MY argument from the start. YOUR argument was to "annualize" a buy-back which makes zero logic, since you cannot extrapolate a buy-back over 4 quarters since you're assuming company would repeat this same buy-back to get to over 1 %....this logic makes no sense as maybe they don't do another buy-back for another 2-3 quarters or maybe they do a much larger buy-back so you cannot just multiple 0.2839 % X 4 to get to YOUR 1 %. Point is the company has cut 0.2839 % of the prior float, nothing more, nothing less. JIN
vestor111 wrote: But that is not what you said and you are now changing your argument to fit your incorrect answer.   


Bullboard Posts