RE:Market CapI have been reading all the posts from the past few days, amazing the people who appear out of nowhere and reading the same thing spun around 5 different ways.
Bossu. Usually your posts are good, but this is bad advice.
Eric Sprott sold a couple of weeks back a fractional amount of his position. Other posters called Sprott as bailing out. He was merely raising a few million to buy other equities namely RNX.
As you can see, he has stopped selling even as shares are over $ 42. Just check Canadianinsider.
$ 8.8 B is just a #. You're making it sound like we have plateaud...who says that a $ 12 B market cap isn't warranted?
Big TA mistake Bossu. Yes I know you like Pretium, and shares have gone nowhere. Too bad. All the action has been over at KL. B2Gold has had a nice run too and I recommended that as my # 2 pick after KL.
Also, the average Canadian and American investor is only beginning to wake up to the KL story. Wait until this goes more mainstream. Other posters said it was "dumb" for Tony to be on CNBC with Jim Cramer...what company would NOT want to be featured on Mad Money for free publicity to the global public as Mad Money is extremely well known?
These same posters have been calling for KL to drop the past year and a half, but it keeps rising. Ridiculous. You know who you are.
As I said before here, look at WEED's stock price, they make no net income, yet are in the tens of billions.
You cannot "place" an upper limit on Kirkland Lake without no knowledge of the upcoming financials and resource report to get a clearer update as to what is in the ground. Until that time, I believe the stock will outperform in anticipation, so selling is the wrong call. Time and time again, people have sold to only have to re-enter at a higher price as more superb elements get factored into the SP.
Sorry you took some $$ off the table too early bossu.
Regards,
JIN
bossu wrote: yes KL is the best of the best...
But we have to realized that the Marlet cap is 209 847 000 x$ 42,25 = $ 8,8 Billion
Surely becoming ''fully'' priced ..Surely time to take ''some''profit !
I did it sometimes ago