Post by
own_quality on Sep 07, 2017 3:16pm
My only real concern...
...is how much of the remaining production this year is forward sold. More than anything else it pisses me off when gold miners hedge. I own gold miners because I want maximum exposure to gold prices. Gold miners should normally never hedge. The only exception is when large near-term development expenditures must be funded from cash flow and the company is does not have sufficient cash on hand to cover these costs. That has been the case for Klondex in the recent past. That is not the case currently so I hope that they have ended the forward sales. I'm going to be pretty mad at management if they are still selling forward into this clearly rising gold price environment.
I think the short interests are shorting again today in anticipation of a big pullback in POG which will result in a selloff of shares in Klondex. The only other reason is that I can think of is a large hedge book at much lower gold prices.
Comment by
goldstd69 on Sep 08, 2017 3:13pm
I have bought and sold twice since the bottom only to barely break even....a huge disappointing stock....I agree with all you wrote.
Comment by
goldiegoldberg on Sep 10, 2017 3:03am
Lie/distortion #2; "Midtier"? again, KDX news release of aug 4, 2017; Klondex is a well-capitalized, junior-tier gold and silver mining company Read more at https://www.stockhouse.com/news/press-releases/2017/08/04/klondex-files-technical-report-relating-to-the-hollister-mine#o8ogCgFHUPSsrLvh.99
Comment by
blindfolders on Sep 11, 2017 6:13am
Retard wrote: I see you post on here up until 3:03 AM on a Saturday night? Wow. I am now shocked at how pathetic you have fallen Uh genius. You are aware that there's more than one time zone. the real world does extend beyond your basement.