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$52.69 kirkland lake gold ltd

I picked up some more KLA today. Really confident on this one....

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TillLindemann

14,681 Posts.

451

17/01/20

13:11

Post #: 42434537
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Originally posted by RM8: ↑

Thanks Brian, good stuff.

I'm still trying to work out the reasoning for the seemingly never ending increase in the percentage of shorting that inflicts this company, 29% now.

The only thing I can come up with is:

- the shorters have no confidence in the companies ability to significantly decrease operating costs of the Detour Gold acquisition.
- they place a low probability of accompanying exploration success with the Detour acquisition.
- they don't have much confidence in any of the predictions of significant gold price increases over the next 12 months.

My opinion is the company has enough runs on the board to give investors confidence that they know what they are doing with the acquisition.

Would love to see the shorters have to cover their positions in a hurry.

I notice the company donated $1M to the bushfire appeal. Good on them.

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I picked up some more KLA today. Really confident on this one. GLTAH.

KLA Price at posting: $63.72 Sentiment: Buy Disclosure: Held
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