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

"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

TSX:KDX - Post Discussion

KLONDEX MINES LTD. > bittersweet
View:
Post by insideoutside on Mar 19, 2018 8:15pm

bittersweet

A good opportunity to exit your postion.  
What we know:
-Hecla is a GARBAGE company (yes SSR would have been 10x better)
-Just like Klondex management, Klondex Canada is cr@p. 
-Shareholders thrown under the bus. Im sure managment gave themselves a bunch of cheap options. And Waterton is the big winner.  I don't even see how they can take such a massive position right before the takeout and not charged with insider trading or have other legal charges. Disgusting.  And they trade in the US too.  Will keep an eye on this.
-There are other good junior miners out there with more reputable management so good opportunity for folks to move to green pastures.
Comment by JintsuGehan on Mar 19, 2018 8:33pm
This is spot on. The fact Waterton was buying heavy before is completely odd. That is why I never thought there'd be a takeover...just yet. Due to the heavy buying by Waterton as a big insider just doesn't make sense in the legality sense. Someone HAD to have known for sure.  Looking at the volume, Waterton is probably already mostly out of their position! Waterton wasn't even ...more  
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