RE:RE:as frustrated as it is todayWhen you see other gold producer
-Agnico with a + $ 3,92 ---» 4,6%
-Central Gold +$ 0,65 -----» 5,1 %
-Torex + $ 2,17---------------»+ 12,1%
and I could go on an on.
Very dificult why KL is not catching on with it's share price and even almost loosing whit the big jump in gol price.
AISC lower than most gold producer and operating in a safe environnement.
Almost a Billion in the bank account.
Really a big disappointent and very frustrated
with KL .Not holding much but may be too much.
May be Tony could come with some good news at Detour announcing his game plan on production/grade/additional reserves.
Not worry at all with Macassa and Fosterville.
So where is the
PROBLEM ? chuck8 wrote: PI, an interesting possibility you raise regarding KL buying something....sp is getting no lift with the increase in gold price and you have to wonder why. It was a year ago that Detour was bought and sp took a major hit. Of course we know now that this acquisition was a smart move and a cash cow for the company.
I doubt Wallbridge is under consideration unless they know something we don't (which is possible given that Tony is on their BOD) but also given the fact they made a good deal recently with WM for properties adjacent to Detour, so no rush to buy the unproven rest just now.
All that cash in the bank probably burning a hole in their pocket. The whole (close to home) Urban Barry area is rich with gold properties ripe for takeover. My guess is they will look for opportunities to grow the company before they spend $ on dividends....but who knows for sure.
I've already taken my profits/capital gains for the year so waiting is fine for me. My next buy will be for increasing allowable TFSA in January for longer term hold.