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Kirkland Lake Share Discussion Threads
Showing 876 to 898 of 900 messages
|Thanks, will give it a try|
|Bob - Just enter TSX:KGI in the 'Add shares' box at the top left of your monitor page and click 'Add'.
It will appear at the bottom of your monitor under the heading 'TSX'.
You can add GBPCAD in the same way to give you the conversion rate for the quote which is in Can$.
The 'Quote' page KGI then takes you to does not list the present (or any) thread in the usual place but I have put a direct link in the Wiki box at the bottom to get you here.|
|b, where do you monitor it?|
|Any holders now watching its TSX quote will be celebrating a near 10% rise today, making a total of over 20% since delisting from AIM.|
|Not sure if this is good news for POG :
|Does anyone have a website for the Canadian stock quotes of KGI. Preferably free,please.|
|I`m more inclined to believe this in view of what has gone on in the past with global financial instruments :
|Hi Chipp -
Yes, I believe it as being one of the reasons that the pog is not rising - so why?
First, the banks' exposure to Greece - the current centre of concern - is much diminished in most cases, although some German institutions could catch a nasty cold.
Secondly, no major bank has been 'allowed' to fail since Lehman so the appearance is that this will continue to be the case by political intervention if required. Hence the banks 'look' safer to most depositors and to most collective thinking as a place to keep cash.
Whether that is the actual case or not is arguable; I just state what appears to be the majority view. In other words, the existence of 'guarantees' of Euro100k (or £85k but soon falling to £75k) on deposits and a belief (based on experience) that governments will step in if required, have done the job of persuading depositors that they no longer need to rush to gold as a safe haven.
A State that can (and is willing to) print its own currency cannot be 'insolvent' even if effectively bankrupt - a sort of contradiction in real terms, but then its money is no longer a real measure of value.
We know that RBS and HBoS (at least) of the UK banks were both insolvent and that LTSB were arm-twisted into diving into the cesspit. However, depositors were all 'rescued' and the rest of us forced to share in their deficiency by the government/BoE in terms of the National Debt. The same happened elsewhere.
Eventually, on a sufficient scale, this can point either towards national collapse and/or permanent enslavement as in Greece, where we may yet possibly witness a further idiotic extension of the pretension that the debt can be repaid in terms of a currency they do not control. Eventually they must leave the Euro or be absorbed into another country.
Will it all result in a resurgence of gold? I have no idea!
At least it doesn't look imminent and imo will require a change in the background scenario such as an insolvency outside Greece that is not politically rescued.
I hope that explains.
PS: You might find this interesting -
"So to answer the question, “Will we ever have a crisis,” you need to answer the question, “Will we ever be allowed to have one?”|
Do you really believe what you have written in your last post!
'Western banks look safer' ... really?
As for Chinese retail buying of gold - it's currently at 1,162 tonnes for 2015. That is over 200 tonnes more than at the same point last year. Annualised volume is at c. 2,420 tonnes, which is pretty much all non-Chinese global producer output.
Then there is Indian retail buying and Russian Central Bank purchases.
No sign of any lack of physical accumulation at all - in fact the opposite!
|Likewise - I have no idea.
Possibly the general experience of the past few years coupled with the fact that the Western banks outside Greece now look safer than previously and the feeling that governments will always step in to avoid a failure (= "Moral Hazard").
One might expect that the current decline in the Shanghai stock market could bring some revival in Chinese buying before long from those that can find a way around import restrictions - presumably it would likely appear as HK trading. However, little sign of that atm and the US$ seems instead to be the preferred option, which actually depresses pog in US$ terms. This is offset to some extent by falling costs in the weaker currency producer countries, helped also by lower oil (power) costs.
A careful selection of such benefitting producers is perhaps the best option as some of them (OMI, SHG ...) are currently on bombed out pricing.|
Any idea why the gold price is not elevating. Thought it might respond to the turmoil in Euro and China.|
|Quarterly and annual production figures -
Shows sustained improvement and looks in line with expectations.
We are now in the 'stub' year (8m to 31/12/15). Considering this is already 25% complete (2 months), the forecast of 90-110k oz is fairly wide and rather flat. Outturn requires to be upside of mid point (100k) to equal last year's monthly average.|
I still have concerns. They are suffering in this low gold price environment because of their relatively high costs/tonne milled. This has caused them to switch to the SMC from the Main Break because the Main Break (even at 7.1g/t) is below their break-even cut-off.
However, they will be a significant beneficiary of a rise in gold as long as they are able to remobilise a depleted work force to increase production from improving economics over the entire mine.
If PoG remains in the US$1200/oz region I believe they will continue to struggle as production from the SMC alone will not be adequate to meet their full milling capacity.
In my view they are an investment heavily geared to a rising gold price and I am inclined to therefore weight my own interest in shares based on upward step changes in PoG. Hence, currently, I have a relatively small holding.
|Thanks for the info, Chip. I'll hold then, cos I do think there's more in the tank here|
HL will transfer-in within ISAs, in fact they actively encourage you to do it.
Holding most stocks on the N.American exchanges is not a problem, although they might not cover small stocks on the Venture exchange. They will ask you to fill out a WBEN8 form (or suchlike!) to confirm you are a UK-resident and not subject to N.American tax rules. But it's easy and quick to sort it out.
|That is potentially good news, Chipperfrd, as part of my holding is already with H-L. I also have some elsewhere in a separate ISA from which they may have to be removed, so I am enquiring of H-L whether a transfer is possible without losing ISA status.
Canada has traded above UK levels today (currently in range 325-330p stg equivalent) and seems to have pulled the share price here back up this afternoon. Good volume and liquidity, so should be able to absorb any selling from UK.|
You CAN trade TSX stocks in your H-L account. I certainly have had no problems doing so.|
I'm not sure whether I can trade in TSX stocks through H-L so I might have to be a forced seller in the next 3 months, just as this company looks like it's getting its sh*t together, especially when I bought at a higher price than this to it would crystallise a loss|
|Delisting from AIM -
|Further reserve upgrade reported today.
This must be one of the most secure goldies and well placed for a substantial rerating when the sector eventually turns positive.|
|.... and now we know why...
A sparkling report today -
"Mr. George Ogilvie, President & Chief Executive Officer commented, "We are happy to see the positive momentum continuing, particularly considering February was only a 28 day month. While this is an exceptional month and one we cannot consistently replicate just yet, it does show the potential of the property in future years. As more stopes come online in the South Mine Complex on both the 5400 level (where we are currently mining and where reserves grades are 0.57 opt or 19.5 g/t), and the 5600 level (which we plan to gain access to in fiscal 2016, where reserves grades are 0.70 opt or 24.0 g/t), we should begin to see more consistent performance and above our last 12 month performance. Our recently revised forecast upward to 153,000 to 157,000 ounces of annual production remains intact."|