Kirkland Lake Share Discussion Threads

[brucie5] 16/1/2014 17:16

It would be good to see some informed analysis of the picture going forward - anyone know about these in depth?

[ih_421414] 16/1/2014 15:57

yea brucie I did but not worth mentioning I thought they have traded kgi for years now but that's the most stock they have held at 1 time things hotting up a bit on the tsx,a few goldies breaking out,but not kgi yet.not sure either on this rights plan never liked them,TIME WILL TELL

[brucie5] 16/1/2014 12:01

did anyone notice the RNS on Jan 14th on Resolute funds going over 10%


Common
Stock 7,010,000 7,010,000 - - 7,160,000 10.21%

Was trying to dig around who/what Resolute Funds were, and came to this:

hxxp://www.resolutefunds.com/

The man behind, Tom Stanley seems to be something of a conviction buyer.
Anyone care to comment?

[brucie5] 13/1/2014 17:13

Anybody have a view on the rights plan and how this might affect sp?

[boadicea] 06/1/2014 15:00

Well, the TSX opening has killed that rise stone dead

[linton5] 06/1/2014 07:58

Wow that's some rns quickly scanning it a lot going on behind the scenes,company up for sale,hinchcliffe ousted,damn I have Togo to work GLA

[brucie5] 05/1/2014 20:32

Linton, gold looking up, but still too tentative for my liking to call the recovery. Having said that, I've already bought somewhat into POG & MML. GL. This needs to settle above £2 afaic.

[linton5] 05/1/2014 20:08

ssssssssssshhhhhhhhhhhhhhhhhhhhhhhhhhhhhoooooooooooooooooooooooooooooooooooooooo,keep quiet everybody come back in a month and we will analize the situation GLA

[p4ulinho] 19/12/2013 10:57

2.56 c$ is 1.45 ukp

[p4ulinho] 18/12/2013 22:31

well someone was on the bid all for most of the last hour. maybe it was them again

[linton5] 18/12/2013 22:19

I see resolute fund bought 1million shares on the 12th Togo to 9.9% that helps a bit!but they do trade kgi I've noticed last few years

[linton5] 18/12/2013 22:07

Yea I see that but don't understand why that happened p4 strange,with gold smacked down below resistance I'm afraid kgi will head south again.The USA still rule the world it seems. Have a good Xmas all kgi holders lol

[p4ulinho] 18/12/2013 21:20

held its gains linton despite gold falling. up 8% at close.

[linton5] 18/12/2013 21:09

me to still am GCM KILLING ME

[brucie5] 18/12/2013 21:04

Good luck, but I really caution against averaging down on a falling chart, however low it gets. Done it, been there.

[linton5] 18/12/2013 19:01

that historical chart is whats suckering me in bruce the commodity stocks especially precious metal miners are bleeding the ordinary investor to death its all about hanging on for a good while yet while they blitz us.and im a sucker to boot

[brucie5] 18/12/2013 18:38

You're a brave man, Linton, though the historical chart suggests you might be right, hereabouts. In 2009 the place to buy (chart wise) was £3, after which it went to 5, 10, and then 13. It's now fallen further for longer, so £2 could be an interesting place to look for support. But you'll be smiling by then! (If it doesn't plunge any further)

[linton5] 18/12/2013 17:33

well call me a donkey if you want but I topped up with 1174 at 138 today

[brucie5] 12/12/2013 10:12

10% down on this statement. £1 within weeks or days? I'd appreciate the learned analysis of someone with greater understanding than myself here, as this has been on my watch to buy list for months. Easy to see the upside; question is, what are the risks of it becoming a basket case?

[brucie5] 25/11/2013 20:59

Will be interesting to see how far down this might go now. Nadir of 2008 was somewhere hereabouts, but could go lower, I guess. £1 anyone? Brutal times for gold, but if it goes down to that level, it would surely signal capitulation. Maybe worth waiting. POG, another case in point, just seems to go down and down.

[roguetreader] 25/11/2013 19:19

Boadicea
I agree very dissappointing admission, after all the operational issues which have been largely out of their control, I would have thought managing the business as usual actvities would have cast iron controls in place.
RT

[boadicea] 25/11/2013 17:26

"On November 13, 2013 the Company announced that during the second quarter, 105,670 tons were produced at a head grade of 0.35 ounces per ton ("opt") and a recovery rate of 95.17% to produce 34,935 ounces of gold. A re-examination of month-end procedures surrounding inventories and the mill circuit protocols resulted in the number of gold ounces produced being corrected to 31,387 ounces. Total production for the first two quarters of the fiscal year is therefore corrected to 61,566 ounces."

Full RNS -

That is a dreadful admission - not surprised it has knocked 14% off the share price and as far as explanations go it is almost unbelievable.
So "gold produced" is not measured by weighing the output of dore!
Seems it is just a guess at what should have come out based on what was put into the mill. How far can incompetence go?

[killing_time] 18/11/2013 16:38

Hi guys, Just popped across from one of Harry's other company's, Rambler (rmm) where it has been confirmed by RNS that your new CEO is our CEO, George Ogilvie.