RE:RE:Poor Ms. KlessigGoldbug52:
Very hard to say what would be exit price given past couple week's gold price.
We need to first see Q2 production results (this will be very telling) and I can do some new calculations. Right now, just from PE and PEG basis, shares are still very undervalued.
I can see this going to $ 65.00 CAD on anticipation of Q2 Financial Results (to be out around early August)...this will bring momentum to KL over the next 5 weeks.
And if gold can stay where it is or keep rising, you will surely see mid 60s CAD.
Also, would be great to get an update on Australia drill results, but I doubt they're yet ready for another few weeks.
The big problem people make and I see it on CEO.ca is the mention of KL's MARKET CAP...big deal if its close to $ 12 B...look at what Aurora and Canopy Growth trade at....they don't even generate net income!!
People will pay a premium for quality...but the one thing I agree is KL needs to grow its reserve base substantially via an acquisition later this year or 2020. Hence this "Deal Room" press release. More than a coincidence.
The Board of Directors is extrememly astute and know what they are doing hands down. Very conservative as they should be. The only thing I would do differently is pay a higher quarterly dividend. Easily can double the div.
Regards,
JIN
Goldbug52 wrote: JintsuGehan wrote: Every time insiders sell, this thing pops.
I said the exact same thing when Jennifer Wagner sold a ton of options in early April 2018.
Then she sold more in late 2018. Another prediction turned out true.
Now Pamela K. sells half $ 588 K worth USD! And gold takes off. 15,000 shares is a huge sale. She must be talking to herself.
These insiders never learn not to sell the best of the best in the space. Great Board however.
I doubt ES has sold any since his selling a couple of months ago to buy more juniors. He learned his lesson.
Gold now up $ 18.50 USD in Asia.
What a way to cap off the week. As New York open approaches, the Cartel will try everything it can to get it back below $ 1400.00--will be interesing to see if this can hold for the weekend.
That would be spectacular.
Regards,
JIN
Disclosure purposes: Have NOT sold one share since my latest big batch purchased between $ 17 CAD and $ 21.91 CAD. Also shareholder in B2Gold.
Jin, you seem to be a pretty smart guy :-)). So, when would you consider selling? Do you have some sort of target price? Thanks in advance !