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Real-Time news about Kirkland Lake (London Stock Exchange): 0 recent articles
|dr9980: Moderate Kirkland Lake Gold share price analysis
|roguetreader: Interesting that KGI is number 4 in Sprotts PM Fund, not that its doing much for the share price.
|linton5: well I bought another 1300 at 220brucie longterm this should do well from here massive swings in share price with kgi not for the fainthearted,did you see the volume in Toronto the last hour on Friday over 1million,just noway of finding out buys and sells GLA|
Short term anything could happen, if POG gets hit again then IMO they could drop back to their lows. However, since their delayed expansion announcement last year and the absolute hammering of all Gold Miners that combined to decimate the KGI share price they have put forward good news on development progress, hence the move back up off their recent lows.
With a medium term outlook 2 years plus I would like to see them well above £4, and believe they will be multiples of that figure; but then I expect Gold to be significantly higher than it is today in two years. If it isn't then I'll be wrong! it all depends on what you believe.
|maltatrader: it has been targeted by short sellers...........once they start covering their shorts, share price should fly.|
|maltatrader: any particular reason for share price being down in canada last night?|
|hieronymous1: Looking at the charts of the share versus the gold price I see that the shares go up and down with the gold price but in an exaggerated fashion, more especially on the downside. The share beats the FTSE 100 and handsomely so the general mining index. I suspect that the share price is one of those that people buy when euphoric and sell when despondent. Risk on / Risk off in the jargon. Also, it probably suffers from poor liquidity.
I expect that the appearance of actual profits and potentially dividends will change all this for the better.|
|hieronymous1: Good news which will eventually move the share price. Currently it is the victim of the general market malaise and probably being sold by holders wishing to cover losses elsewhere.
I agree with Boadicea about the low level of interest in London. I suspect this will change when risk on becomes the fashion again. Currently short term investors are avoiding AIM, avoiding small caps and avoiding overseas shares.
When the politicians face an election with self-created mass unemployment they will reverse their destructive policies, go for growth, and investors will start buying. So, 2014 at the latest for electoral pump priming, a year before that for the markets to factor it in. 18 months more of sideways movement.
|dogberry202000: Possibly. The volume was nearly 10X the usual volume on the Toronto Exchange. The chart suggests that the share price going to blow like steam out of kettle. £20 plus maybe possible next year.|
|tilmanstone: Great news release today: Hope share price reacts positively!
Kirkland Lake share price data is direct from the London Stock Exchange