RE:RE:RE:The market is going to implode now..KL is a stock..KL needs a new board chair. Good assets, good leadership team (aside from board); if they stick to business, they could do quite well. But continuing to flush 1/2 the profits chasing butterflies will kill even a strong company.
The Swan cash flow will not last forever. If you take an objective look at the latest drill results announcement, the juicy part is the same Swan resources that we've known about for some time. It's not a new find. In other words, we haven't, yet, found Swan2. (IMO the historic mines of Kirkland Lake township could easily be Swan 2 & Swan 3, but KL is content to ignore them, and go chasing butterflies. Not shiny new enough??). Swan1 may be it, at least as far as we know for now. I don't know that that realization has hit the broader market yet. Swan1 has a finite life. Cash flows will drop and AISC rise, if nothing replaces it...and there's nothing in the pipeline.