Kirkland Lake Gold Ltd. T.KL

sold some more

[prouditalian]

Sold some more at 66.40
Going to keep half position for now. Chrystalized 33% gainson 1/2 the position. ( my opinion is Feeland will raise cap gains inclusion to 75% )
Good to have lots of cash until elections are done IMO. Volatility will be huge.

[ButterBalls]

Nickels and dimes PI. How are you ever going to make big money that way.  BB

[prouditalian]

well if you call booking 285k in profits nickels and dimes, you are wayyy richer than me. LOL I did 2 things 1. chrystalized some gains as feel in Canada we are heading for higher cap gains shortly 2. raised some case in case we see a big dip due to elections. Still long 17500 shares at so if we head higher Ill be happy.  Its called having a strategy and executing.

[ButterBalls]

Yes PI, not worth the trouble.  BB

[ButterBalls]

Not that $200k isnt worth it, just that you cant be 100% sure that you will buy back lower. If I sold my gold stock today then looked at the landscape and asked myself what to get into now, it would be the same gold stock that I just sold. BB

[prouditalian]

I was pretty much 100% invested, I now raised some cash and chrystalized. Part of strategy. Can you gurantee me that KL cant hit 50 or less again? answer is NO Can I guarantee that KL wont go stright up to 80 now? answer is NO I simply dont want all my chips on the table heading into the worst possible election in US history, where everyone, including gold mining investors are levered to the

[ButterBalls]

Ok PI. You can do what you want with your money. Today. But only because Im all argued out for the week. BB:)

[ButterBalls]

...but the pog is picking up steam here PI. Just sayin' :) BB

[goldstd69]

I have been selling into the recent rally but do think we may head a bit higher....could be a significant move but I am taking some profit ahead of the election...who knows...jmho dyodd

[ButterBalls]

Absolutely. I think you should dump it all then find something that might do really well during turbulent times like a good profitable gold stock. Fats is going to get the boot. It wont be close. Hes toast. Choppy perhaps but good for gold. I think.  BB

[fishcarrier]

I didn't sell. I expect very good news in the way of both production and gold price sales any day next week. I haven't seen too many guesses, but I suspect production will be over 400,000 ounces and the pog about 1920 - $200 higher than last quarter. They may even raise the divvy. After that I may sell. The good news should give KL a significant boost. If I'm going to pay taxes, it

[Goldbug52]

Fish I like your thinking! I think results will be out after market close Monday so as not to give the US an advantage over Canadian investors (TSX closed due to Canadian Thanksgiving). Think of it as a Thanksgiving gift for all KL holders :-))!

[ButterBalls]

Fuel price still down 30% yr over yr.  McEwen said 25% of aisc. Fwiw.  BB

[Goldbug52]

KL should have hedged a large portion of their fuel costs earlier this year when the price of oil was way lower. It couldn't have gone any lower reasonably said and would have had an even greater impact on their profitability!

[ButterBalls]

It wasnt much lower. The barrel and diesel prices are different. 5% perhaps cheaper than today at 1 point. BB taxi driver

[chuck8]

PI, having cash on the sidelines makes sense as I think you are right in surmising that markets could go crazy over the US election issues, inconclusive results extending over several weeks, etc and therefore presenting buying opportunities. KL below $50CAD....who knows for sure as anything is possible in this crazy world. Covid was a major albeit temporary hit to sp. Regarding changes in capital

[prouditalian]

Chuck, I agree 100% with the article as its obvious. But we are turning into socialists in Canada and Europe...and someone has to pay for all this spending. That someone is yiou and me! Easy target. Thats why I took the decision to chrystalize now and pay taxes now rather than at a higher rate. i have a friend who is sitting on 10 mil in cap gains as never sells over past 10 years...he is

[ProudItalianDW]

This post has been removed in accordance with Community Policy

[johnathamilton]

This smells like a takeover. All other gold companies are yawning about the POG increase. But on the other hand the volume isn't there. So what do I know? :-)