RE:Tony and gang must be raking in the $$$More # crunching. Ended June 31st 2018 with $ 318 M (USD) let's call it
At current FX rate = $ 413.4 M CAD
- $ 38.9 M
-$ 25.0 M
= $ 349.5 M CAD and back to USD /1.30
= $ 268.8 M USD
If they manage to add again another $ 45 M USD to the cash balance, they get back to $ 313.8 M USD.
So they will be almost at their June 31st Cash balance, while having bought back 1.6 M shares and buying 14.7 M shares in a very very decent Quebec development player like OSK. The shares are beyond undervalued with a now new PE ratio of around 18.5.
JIN
JintsuGehan wrote: 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