Hi all, Kirkland currently has 13.44% of all shares being borrowed for shorting, according to shortman.
I understand that with a mine closed and Covid sweeping through the US, operations are a concern - but the gold that stays in the ground is simply deferred profits to be realised at a future point in time if production stops or slows to any serious degree.
What am is not clear to me, that is clear to the 13.44% of holders which are currently shorting the market? I read all announcements from the co, and see zero reason for such heavy shorting and being so disconnected by other Aussie and also global producers.
KLA is on my favorites list for gold suppliers, so I have zero understanding as to why the market sentiment is just so negative.
KLA Price at posting:
$72.20 Sentiment: Buy Disclosure: Not Held
