RE:RE:There's the "narrative" and the "arithmetic" you've neitherLadies and Gentlemen
These crazes that engulf the TSX Venture happen every couple of years always a different sector.
2011 was the rare earth mania where rare earth companies were fetching astronomical multiples (Avalon, etc. Molycorp in USA bankrupt since a few year even a co as big as Molycorp).
Entering 2012-13 became the graphite craze with all these new Canadian cos getting into graphite.
2016-18 pot and every possible aspect of selling pot physical/digital/you name it, with the highest valuations on the planet...huge bubble
2017-18 the years of ample Aussie cos showing up to be the next great gold producer.
In every outcome, valuations have been destroyed on 98 % of the tickers (EXCLUDING pot which still hasn't felt the bubble burst)
Be warned this is a bubble for these Aussie gold cos.
Anyone check out
Garibaldi today?? $ 1.55 new 1 year low....
when you cannot deliver on huge promises to the Market, she will destroy you. GGI case in point; NVO is next although the plunge has begun per QH's own words in an abysmal showing in Denver.
JIN
JintsuGehan wrote: I am glad you have preached to these masses all these months. Some have been enlightened, others not so much.
I predicted months ago on this very board $ 2 CAD as the valuation was out of whack as if they were a small midtier....merely a land package...only a matter of time to revert to the mean.
Thankfully Kirkland Lake has stopped the madness of investing any more $$$ in this P*S after the Artemis flop.
Good luck finding out WHERE to mine, this is YEARS from a resource...if any...as predicted by many and now true reality is upon us all.
KL closed down a bit over 10 cents. KL has completely discounted the investment in the market at this stage and Novo is irrelevant.
$ 8.80 early November 2017, wow I thought I couldn't see right, market cap close to $ 1.5 B at the time. That was the short of the past year.
This $ 100 M still makes me sick KL put in. RNX at least found THOUSANDS of oz. in an actual named mine that just needs exploration $$$...but at least RNX knows WHERE to drill and explore vs. Novo which is a needle in a haystack. Pathetic.
JIN
KL Shareholder
doourdiligence wrote: It was all "narrative" and you bought the hype....A "story" only gets you so far...you never had the "arithmetic" and now you have neither....run...buy RNKLF