RE:Now debt free, cash rich KL can buy more stock forWell said MrBigger. This is another week to remember. It’s hilarious every miner is being thrown in the same basket as GG. As you note, KL has a net CASH position of $275M! GG has a net debt position in excess of $2.36B. I have nothing against GG and don’t own it so my point is not to start a conversation on GG but to highlight the insanity of KL getting hit hard this week. Gold is actually flattish this week and KL has been smashed down 13 percent from its high premature Tuesday am. And we know production in Q3 was fabulous.
Even after the thrashing of GG, KL is still cheaper on every metric.