RE:RE:RE:RE:RE:Too much cash on balance sheetCash on hand is always a good thing....analysts hate debt and so reward those with cash and no debt. Wonder what mine company investments we have in addition to Novo's 30M shares and OSK's 32M shares? Might more $ be put toward OSK and why did we invest there in the first place....anyone know?
Sprott has been very aggressive in buying up Wallbridge and if he's right in it's potential, might that be another acquisition for KL as ES leaves the board in May (so selling not in conflict) and converting his WM investment into more KL shares might be a great strategy for him. He knows the true value of KL and even though he has sold a mere 5% of his KL holdings to fund his various junior acquisitions, he still holds about 20M shares of KL buying a lot of it well under $10 so quite the appreciating asset. Of course he could always sell his WM interests elsewhere but this way he would realize further profits thru development (by converting to KL shares) and who knows the future but just looking at possibilities.
I'm in no rush to do anything with my KL shares. The company is very well run and by far the best stock I've enjoyed holding with lots of upside IMHO.