RE:RE:RE:RE:The ERIC SPROTT INDICATORWhen Fosterville is yielding assays in the thousands of g/ton NOT yet incorporated into reserves, and Swan now extends below 200 m level as evidenced in a July 7th and late fall press release, also NOT yet incorporated into reserves, you can be da*n sure that reserves and grade are going up at Fosterville. All they have to do is change the bands for the cut statistically, and things will fly.
Sprott's reasoning was essentially "Portfolio Management" to deploy his 3-4 % of his entire position he has sold into other avenues. Maybe he gets a double on RNX vs. another 25 % on KL.
Does selling 3-4 % of 22 M shares owned mean a horrible upcoming reserve report? NO. How you even allude to that is purely ignorant. Why don't you share your estimated Q4 earnings? And the math?
As you point out all elementary investors can do this with ease.
You are delusional. And you also clearly show you know peanuts about KL Gold appearing here out of the blue and talking garbage.
You tell me how you can beat a SP going from $ 6.50 CAD to $ 36.00 CAD in exactly 2 years Mr professor.
I don't have a sense of humor when dealing with mediocrity.
JIN
cigarbutts wrote: Jin:
I went to public school years ago, we did not have teams to do projects. Everyone did their own work. None of this collectivist group stuff. At graduation there was exactly ONE valedictorian who gave the address to the class! There were no "participation"
awards to any individuals or groups.
What was the reason he gave last Friday for selling out some shares?
You apparently watched the Weekly Wrap-up.
Also, it is a good guess you have ZERO sense of humor.
IMO Sprott already has a pretty good idea of what the reserve report is going to say about Fosterville, and you and I don't. So you can ignore his selling shares in your KL as you wish.
We all can figure a 4Q estimated earnings number based on POG and production. Even the dumbest of investors can figure that, heh!