Post by
jimmyrogers3033 on Jun 29, 2016 3:55pm
Amazing bunch of armchair quarterbacks here
whinning about the forward sales - you would have been crying if gold had gone below $1000 and Co had to default, wiping out shareholders. Be grateful we're in a new bull - earnings are going to skyrocket the next few years. Plus forward sales allowed KDX to buy Rice without huge share dillution, that would have REALLY hurt per share earnings going forward.
This becomes one of the less risky names if there is a correction (gold only goes up, right?) and a huge earnings winner over many years.
Gold's going back to $1800 US so this could be a $20 stock!