Huntwicke Capital Group Inc HCGI

Trapeze Asset Management 1Q17 Letter

[Basketfan]

Kirkland Lake Gold has recently raised production and profit guidance. Grades at its principal mines in Canada and Australia have been excellent and costs lower too. The company now expects to produce 530,000-570,000 ounces this year and remains a standout because of its operations in favourable jurisdictions (Canada and Australia), strong balance sheet with over $200 million net cash, low all-in costs below US$900/oz., enormous land packages, high grades and a below peer-group valuation. Kirkland should deliver free cash flow of over $180 million this year. The share price has been somewhat volatile as the industry suffered a sell-off when bullion corrected and rumours about the GDX Junior index rebalance, precipitated by too much demand. It might mean a few million shares may need to be sold into the market by mid June. Meanwhile, drilling results have been superb, and a higher gold price, which we expect, along with continued solid quarterly reports, should help elevate the share price back to, or above, our $12 per share FMV estimate.

Kirkland Lake Gold (OTCPK:KGILF) has recently raised production and profit guidance. Grades at its principal mines in Canada and Australia have been excellent and costs lower too. The company now expects to produce 530,000-570,000 ounces this year and remains a standout because of its operations in favourable jurisdictions (Canada and Australia), strong balance sheet with over $200 million net cash, low all-in costs below US$900/oz., enormous land packages, high grades and a below peer group valuation. Kirkland should deliver free cash flow of over $180 million this year. The share price has been somewhat volatile, as the industry suffered a sell-off when bullion corrected and rumours about the GDX Junior index (NYSEARCA:GDXJ) rebalance, precipitated by too much demand. It might mean a few million shares may need to be sold into the market by mid June. Meanwhile, drilling results have been superb, and a higher gold price, which we expect, along with continued solid quarterly reports, should help elevate the share price back to, or above, our $12 per share FMV estimate.

Kirkland Lake Gold Ltd. - Der neueste Gold Midtier | wallstreet-online.de - Vollstndige Diskussion unter:
https://www.wallstreet-online.de/diskussion/1242701-101-110/kirkland-lake-gold-ltd-neueste-gold-midtier#neuster_beitrag

Kirkland Lake Gold (OTCPK:KGILF) has recently raised production and profit guidance. Grades at its principal mines in Canada and Australia have been excellent and costs lower too. The company now expects to produce 530,000-570,000 ounces this year and remains a standout because of its operations in favourable jurisdictions (Canada and Australia), strong balance sheet with over $200 million net cash, low all-in costs below US$900/oz., enormous land packages, high grades and a below peer group valuation. Kirkland should deliver free cash flow of over $180 million this year. The share price has been somewhat volatile, as the industry suffered a sell-off when bullion corrected and rumours about the GDX Junior index (NYSEARCA:GDXJ) rebalance, precipitated by too much demand. It might mean a few million shares may need to be sold into the market by mid June. Meanwhile, drilling results have been superb, and a higher gold price, which we expect, along with continued solid quarterly reports, should help elevate the share price back to, or above, our $12 per share FMV estimate.

Kirkland Lake Gold Ltd. - Der neueste Gold Midtier | wallstreet-online.de - Vollstndige Diskussion unter:
https://www.wallstreet-online.de/diskussion/1242701-101-110/kirkland-lake-gold-ltd-neueste-gold-midtier#neuster_beitrairkland Lake Gold has recently raised production and profit guidance. Grades at its principal mines in Canada and Australia have been excellent and costs lower too. The company now expects to produce 530,000-570,000 ounces this year and remains a standout because of its operations in favourable jurisdictions (Canada and Australia), strong balance sheet with over $200 million net cash, low all-in costs below US$900/oz., enormous land packages, high grades and a below peer-group valuation. Kirkland should deliver free cash flow of over $180 million this year. The share price has been somewhat volatile as the industry suffered a sell-off when bullion corrected and rumours about the GDX Junior index rebalance, precipitated by too much demand. It might mean a few million shares may need to be sold into the market by mid June. Meanwhile, drilling results have been superb, and a higher gold price, which we expect, along with continued solid quarterly reports, should help elevate the share price back to, or above, our $12 per share FMV estimate.

source :
https://www.valuewalk.com/2017/05/trapeze-asset-management-1q17-letter-equilibrium/3/