RE:RE:RE:RE:Never in my wildest dreams,BunECarlos wrote: BunECarlos wrote: westcoast2019 wrote: Goldbug52 wrote: Would I have thought that the calls I wrote about 2 months ago, $54 strike, Apr 17, expiration, would face assignment! Now, with four days remaining I fear I will lose my KL shares. Gonna have to buy some more here! Love KL! Who said never fall in love with a stock? Was that you BunE? :-))
Yea I bought some DGC because there was an arbitrage to KL then when it was at about $54.30 .
But before I could sell an equivalent amount of KL they both dropped.
Now I may have to decide wether to sell the extra KL shares , my heart says no keep them.
I'm a bit afraid if I sell then KL will rocket up and besides what else to buy ?
Trouble is if I keep them I stay way very overweight KL.
Abx wc. Thats where Im at for now. Jurisdictions where they wont close mines as quickly. Btw, the Qc govt intends to declare mining an essential service so the mines can continue to operate on Apr 15th. We will see what happens. That was announced today. Recall some KL operations hire from quebec. fwiw.
BunE
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https://montrealgazette.com/news/quebec/quebec-to-reopen-residential-construction-mines-auto-mechanics-gardening-centres/wcm/ea738d7c-a0cf-4621-81b2-00112572997b/
Thanks for yhe advise. I may have a hard time swallowing my feelings about ABX but it is far better over the last yr. Over 3 yrs or more though KL is unmatched.
If I do cut back KL I will still be holding about 3/4 of my shares in it.
I was also thinking of SSL and WPM. SSL has over 200 royalty streams and a lot of leverage to the gold and silver prices. I did well with Wheaton in the past but now they are into gold as well as silver. Oh well it may be moot anyway if we have a down day tomorrow I may be waiting a while yet.