Post by
goldstd69 on Nov 26, 2020 10:20am
bad deal...buy high sell low
I dont like the Novo selling...Novo is about to mine and make money...why not wait another year....and with the share price down and gold down...not a good transaction and horrible timing....with the billion I think KL needs to think about the shareholders and buy back shares or raise the dividend...perhaps a one time dividend....jmho
Comment by
BuccneerIsland on Nov 26, 2020 10:53am
This post has been removed in accordance with Community Policy
Comment by
JRafflesUK on Nov 26, 2020 2:03pm
Agree to use share proceeds for agressive buy back policy. The timing could have been worse, if KL had put shares on the market when the mill purchase was being negotiated using part equity at $3.25 to vendors. Sale befor eend of year will be advantageous as a tax loss for KL.