RE:RE:RE:RE:RE:RE:RE:The market is going to implode now..KL is a stock..PulpCutter,
Totally understand your frustration. We cannot seem to hold $ 19 USD. We should be back over $ 20 USD by now with the GDXJ saga now a moot point.
Today did not help with dot plot still showing another December hike to take place and 3 scheduled for 2019. Market says the report was "dovish" not sure how as gold stocks fell immediately after and into the close. NUGT was down 6.5 %.
Totally against Novo $ 100 M investment as well. 2 quarters of profit gone into some Aussie terrain where God only knows where to mine the gold to build a resource. The wac*job group are beginning to thin out as they can no longer preach to the intelligent on the other bullboard.
Osisko $ 25 M is smart for the future 2-3 years out. Not against that move.
But now, The BOARD must stop investing in any more of these plays. Either invest in KIRKLAND'S OWN PROPERTIES or CRANK THE DIVIDEND UP TO
5 CENTS A QUARTER.
This is a no brainer and the BoD is totally asleep at the switch lately. The Artemis buy at $ 5 is pathetic. That could have been a special one time dividend early this summer.
What I love best of your posts is all the history you have brought up about all the other historic mines that are just sitting there. Why are they not spending CAPEX to bring these back to life if such high grade ore? Why only focus on Macassa? Yes the shaft # 4 is vital, but put aside some exploration $$$ to explore the old properties if they're able to spend $ 100 M on Novo and $ 25 M on Osisko. I will write an email as the logic is waning.
Q3 results coming too...analysts should be asking these types of
direct questions about why investment inflows are not taking place in these
already-owned Ontario properties if Kirkland is such an expert in deep mining. Everyone knows Tony's stellar credentials.
Clive Johnson, CEO of B2Gold, had a great interview on sidelines of Denver saying: organic growth is key in this day and age, M&A when only extremely necessary, miners have underperformed heavily lately as they pi*s money down the drain continuously on pure stupidity.
He should know as B2Gold's AISC are even lower than Kirkland's. Their SP just suffers from poor geography and political dictatorship in Nicaragua where one of their mines is located.
JIN
PulpCutter wrote: dutchmann64 wrote: .......sounds like you’re having a hard time with the ups and downs of the Market.
I don't have a bit of trouble with the ups & downs of the market. In fact, I should probably be more cautious. At several times last winter (2017/18) and spring (2018), I held over 1/2 of the long-dated calls on the NYSE, and bought into the dips. Probably stupid and/or dumb luck, but increased my precious metals IRA account by something like 112% (down some from the peak).
What's changed is, as I said, the board spending 50% of profits chasing butterflies (IMO), which just happen to be shares previously-owned by the chair (IMO). From my perspective, KL has fundamentally-changed. Sold the last few April 2019 $10 calls, at 9.75, on Monday.
Hope I'm wrong, that you bulls make a killing, and that I have to chase the price later.
dutchmann64 wrote: .......sounds like you’re having a hard time with the ups and downs of the Market. Seems to me based upon the numerous posts and their logic;...you have clearly thought this through;....along with the disdain for Mr Sprott......you should sell.