Bullboard - Stock Discussion Forum KLONDEX MINES LTD. T.KDX

Metals & Mining Industrial Metals & Minerals

"Klondex Mines Ltd is a gold and silver producer engaged in exploration, development, and production of its properties. The company has interests in three mineral properties: the Fire Creek Mine, and the Midas Mine and ore milling facility, both of which are located in the state of Nevada, USA, and the True North Gold Mine (formerly the Rice Lake Mine) and mill in Manitoba, Canada. The revenue... see more

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KLONDEX MINES LTD. > Waterton II

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Post by p.yu on Mar 07, 2018 10:16pm

Waterton II

Waterton continues to increase its holdings in Klondex. They purchased 3,143,123 shares of Klondex last Friday, March 2nd. The stock was purchased at an average price of US$1.37 per share, with a total value of US$4,306,078.5. Today, Waterton acquired 19,500 shares at an average cost of C$1.77 per share, with a total value of C$34,515.00.

I suspect they will continue to add to their holdings and would not be surprised to see them through 10% (ex Warrants) and move a lot higher.

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Comment by JRafflesUK on Mar 09, 2018 12:43pm

The market cap of KLDX is $253m today. Waterton received $80m cash from KLDX in 2016. in consideration for Hollister. With that $80m cash received from KLDX's 2016 shareholders, Waterton could purchase 30% of KLDX today and still have cash to spare. Therefore, there seems to be plenty of scope for Waterton to obtain an effective controlling stake in KLDX, thanks to Huet's generousite in ...more

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