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Gold/Mining/Energy : KirklandLake/Newmarket -- Ignore unavailable to you. Want to Upgrade?


To: james flannigan who wrote (27)12/28/2017 7:00:33 PM
From: PulpCutter  Respond to of 28
 
Agree. KL "got" fleeced. I hope the time is over when KL's strategic investments have to resemble Eric Sprott's investments.

That Novo investment cost us most of a quarter's profit. It was quite clear that the KL stockholders felt the Novo investment was a clueless boondoggle; KL's stock plunged when it was announced.

BTW, KL recognized a $20M profit, on the Novo warrants, in 3Q. Unless Novo doubles tomorrow (LOL), KL is going to have to take that $20M right back, as a loss, in the 4Q results. So, early Feb may be another chance to buy in to KL low, if there isn't compensating good news at the time.