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Kirkland Lake Gold Ltd. T.KL

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

Comment by Hunguson Jan 16, 2021 4:09pm
227 Views
Post# 32313933

RE:RE:RE:RE:RE:RE:Divy is in accounts now, paid to wait

RE:RE:RE:RE:RE:RE:Divy is in accounts now, paid to waitActually, I see that he is not using any of those 3 methods that are commonly used for stock accounting around the world (FIFO cost basis, LIFO cost basis, nor Adjusted cost basis).

He just appears to be keeping a single running tally that includes all his purchase cost, profits and losses - All combined. Similar to how a gambler's bookie might keep tabs on somebody I suppose.

If he were to use one of the three methods above, then his costs would have one total and his profits + losses would be in a separate total.

Which is why his post confused me until now.



BuccaneerBucc wrote:
BuccaneerBucc wrote:

 

Hungus wrote: Huh, can't edit posts here? Whatever.

I meant to say that the ACB per share number isn't affected by sells or dividends. Even still, I just can't possibly see how your running total of ACB could be a minus figure.

Well, theres adjusted and then theres adjusted for tax. Hes saying his remaining shares are free. 

 

Bucc


Think inventory chapter from your accounting courses. Youve got LIFO, FIFO, or weighted average.
Last in first out, first in first out, or weighted average. Youre thinking weighted average as does the tax dept. TB is thinking FIFO. So his adjusted cost basis is negative.

Bucky


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