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Kirkland Lake Gold Ltd. T.KL

Metals & Mining Gold
Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.


TSX:KL - Post by User

Kirkland Lake Gold Ltd. > Seems strange
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Comment by Hunguson Dec 07, 2020 9:36am
231 Views
Post# 32048548

RE:RE:RE:RE:Seems strange

RE:RE:RE:RE:Seems strange
prouditalian wrote: 77 mil shares aint free! They are buying back a small percentage of those for real cash. Dilution 101.


Dilution my butt! Check out their book value per share performance over that time period. That steal-of-a-deal nearly doubled their value!

At the end of Q4 2019, they were worth $8.67 per share as a tangible book value.
The Detour deal closed around the end of January 2020 (beginning of Q1).
At the end of Q1 2020, they were worth $15.27 per share, tangible.

WOW!
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