Tony and gang must be raking in the $$$1. $ 38.9 M on buy back of approx 1.6 M shares
2. $ 25.0 M on 14.7 M shares in OSK (very decent property with lots more to convert to reserves category after only 1 PEA so far) actually a very sound investment to consolidate entire Urban Barry camp maybe in 2019-2020 and taking out BOTH Bonterra and OSK, definitely once they can get the SP into the $ 30s to do an equity deal.
Ideally in 2019, OSK buys out Bonterra and then OSK will have Metanor and its mill technically. Then KL just buys out OSK completely whereby getting Bonterra + Metanor (2019, 2020?)
3. Production #s must be quite strong and cash balance must still be over $ 300 M USD even with these two investments
4. Novo "investments" fortunately look to have calmed for the timebeing
5. Maybe they do some more share repurchases with the huge volume stemming from GDXJ issue
6. The SP loss of the past 3 days definitely has nothing to do with OSK private placement as they bought for $ 1.70 CAD which is a great great deal for KL....this is definitely a GDXJ and MASSIVE LIQUIDATION at work
KL is a strong buy now
JIN