KLONDEX MINES LTD. T.KDX

Scotia bank

[diceroll777]

On December 5 they did a presentation and repeated their same numbers for TN. In the recent press release they said they had gone thoroughly into the production and came to the decision to do C&M and reduce production tp 24-27. With holidays that would mean less than 20 days to come to that solution. How could they not know the problems with TN on Dec.5? Something is very fishy about the timeline!

[Beenthereagain]

Been following this stock for a while. When the recent turmoil began most ratings from any source suddenly underwent a dramatic adjustment DOWN. There is no record readily available from any of them now as to how they looked the other way when it was obvious that drastic measures were required to resolve the TN situation. Covering their collectively eggy chins is not surprising but I still believe

[goldminer01]

This post has been removed in accordance with Community Policy

[Beenthereagain]

Will agree with that when (loan/bank) management has vested interest in the viability of stocks they have lent money to or provided them line of credit. Not the case here. Most analysts were blindsided (as were KDX) by the BS surrounding KDX's ability to improve upon past practise at TN.... it did not work. Canadian "gumbo", etc.

[JintsuGehan]

Not sure what you are saying about management and "vested interest"?? Two of the board members have quite a large # of shares still. Matlack used to be interim CEO before Huet came on board (look how many shares he still owns over a couple million $ worth!). Schultz still has a ton too.  BoD can get rid of management as they please so best operating management acts in best

[Beenthereagain]

JIN,       Sorry, was not precise re: "vested interest", I was refering to analysts and their employers, i.e. banks, investment companies, brokers, etc.       Regardless, valid potential for an improved stock price seems to be there and sooner than later.  

[JintsuGehan]

The point is they will become extremely profitable once again due to the 3 other mines as long as Hollister delivers. TN is now out of the equation...fortunately this was done in cash deal back in late 2015.  KDX used to be given a very high multiple by the Street because it was profitable every quarter in great jurisdictions. KDX has completely lost its multiple vs. peers because of the