KLONDEX MINES LTD. T.KDX

Revolving credit

[diceroll777]

I wrote 2 weeks ago their revolving credit was having problems. Borrowing more money just tells you they are in a struggle and it will be a long time before any recovery in price. I don’t think the market will see this as good. They need to show a profit and more capex won’t help.

[PMInvestor08]

This post has been removed in accordance with Community Policy

[Highwave]

Dice, That statement is complete BS.  They have a 40M Revelover.  Buying out Franco was about $10.2 million.  Add that amount to $11,285M = apprx $21.5 million.  They still would have approx $18.5 million left in their credit line.   The revolver has been extended until the end of next year.  These revolvers tend to stay in place unless you have liquidity issues

[insideoutside]

Mining companies have a nasty habit of borrowing right before they announce bad news (ie kdx earnings) banks will not lone to company about to fall of a financial cliff.  It has not been announce but is well know addl capital is needed to get the mill upgraded to handle Hollister ore, and improve the poor recovery rates. This is a critical item they have already put off far too long. Also

[insideoutside]

Large Gap down in the morning.  get out. final warning.

[wolfe1]

When I first read the news I thought and still think it was great. I guess the truth will come out with the share price tomorrow GLTAL

[Loonee]

It's good news - shows they are now focusing on cash, eliminating debt, maximizing gold sale price, lowering capex and not diluting. All goes to the bottom line.

[wolfe1]

Gold down, Klondex up, The people have spoken and we know who the new member dumpers are GLTAL