Kirkland Lake Gold Ltd. T.KL

Question?

[Sunvalley]

Does anyone know when KL will be introducing a Dividend Reinvestment Plan (DRIP) ? I have seen nothing in any of the reports but would this not be a natural thing to do for this company?

[Antonyius]

Not really, a lot of companies suspended drips because it was an incentive for people to hold their shares and save the company cash but came at a cost of issuing more shares. With Kirkland's current share price and free cash flow the best bang for buck would actually to buy back shares at a discount price instead of handing out new shares at discounted price. Of course this "best move

[Sunvalley]

Thanks Ant. I guess that I,ll simply reinvest the proceeds of the Dividends manually myself. I can see this company as being a cash cow for many years into the future.

[Antonyius]

You could do that if you had a higher average purchase price and you'd like to slowly average down. If your initial entry was fairly low you could look at other opportunities as well. It feels like the gold sector in the short term lacks quite a bit of retail interests. Every good news is met with no appreciation, even with the good production results for first half of the year we're