RE:Don't want to be alarmist, butIMHO ES selling some KL shares is a non issue for us to worry about. He was holding well over 20 million shares and his profit on those shares last time I looked was in excess of $200 million. For most of us the tax on those capital gains would be $50 million. ES has bought a large number of juniors in the past year or so, particularly in the last 6 months. So taking a bit off the plate is reasonable given he's investing in these juniors....I mean in some cases he has bought well in excess of 20% of such companies and so has many millions invested. I used to invest with Sprott mutual funds about 15 years ago and did very well and he had a knack of getting in early and picking the winners. I think he appreciates that balancing some potential losers against significant capital gains makes the risk less concerning. If you have listened to his enthusiasm on KL you will realize he continues to have great faith in the company.
I also have significant gains with KL, both open account and tax free account. The biggest problem I have is when to take gains and needing to pay those darn capital gains tax....but its a problem I'm happy to deal with :>)