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Kirkland Lake Gold Ltd (KL)

Toronto
Currency in CAD
Disclaimer
49.710
0.000(0.00%)
Closed

KL Comments

does anyone understand why the drop with this solid earnings?
I Don't understand KL if you are listening.. for the love of God. explain. you have put us investors though a very rough 6 months
This company seems good, i think its just the weekly cross of moving averages 9 through 50, and descending 20 to 50, which is playing a part? Maybe a very good buy soon.
I meant it seems to be doing ok
Any insight on why it is dropping with good earnings?
exactly I am horrified..this is a good company.. it just makes no sense
Looks irrational, can't even call it overreaction since earnings were good on every dang metric. I'm thinking it could be part of big player move to cover shorts; drive price down, cause fear/trigger stop losses, then cover at lower price before earnings momentum can kick in. It seems to be what happened with First Majestic yesterday-to-today.
Same happened with barrick
rise in pre market then falls why does this happen SO often ???
it will go up more than 42 in a six month.
$42 up from here?  Or it will be above $42?  Which do you mean?
it better be above 42...?
Cmon KL break that 37 wall!
I got a reply from Tony at KL today. Martin  Sorry no one replied. I will follow up with Mark. We have not been able to use our NCIB in the last few weeks as we are in blackout for year end financials. We have applied to the TSX to allow us to buy regardless of blackout periods, but the TSX won’t approve the change until we have released our 2019 results, which is the 21st. Share price depreciation was also complicated by the rebalancing of indexes after the merger, and ComputerShare which manages the share certificates for the TSX not delivering the KL shares to DGC holders on time. We do have a plan/intention to buy up to 20 million shares back over the next 24 months and also increase our dividend. Tony Sent from my iPhone
 would you like me to s.end you the orig.inal mes.sage?  Maybe keep my n.ame out of it.  I can e.m.ail it to you.  Or you can use that choppy me.ss,age.
I can copy/paste from your previous message, no problem. And I'll omit your name. 🙂
 thanks
Don't want to jinx it, but today is looking a LOT better. 🤞
agree, but i was hoping to see a close above Friday's high.  That would have been bullish.
The close below the critical fib numbers was a sell signal, which I didn't do,  This is going down to minimum 33.86 to 32.85 both important fibs re-tracements.  At that point I might mortgage the house to buy more :)
will bounce off 52 wk low
 Man I hope not, that would be 43% off it's high of 51.08
Probaby 15% of the no take over voters sell their share. Just buy the dip this cheap company. They will produce 1,6 mln ounces this year.. Cashflow.. With 700mln in cash they will probably start a stock buyback program at these low prices. I added some call option jan 2022 today, Thanks for the discount i would say.
agree
Unless gold has a break out, 30 dollar is next
if fails to hold 47.55 then 38.80 in cards my opinion only not trading advice. Good Luck
'M referring to canadian $ tsx
bleeding more
I actually think KL is taking the money... and they are taking too much. How can they attract new SHARE holders if they keep taking profits Every morning it happens!
Another Friday, another miner massacre. All of my miners beet red. So, misery loves company today at least, for KL 😞
With all the cash KL has they should start buying back stock.  Broke 100% fib.  168% would be 32.85.
 KL is one of the best mining-companies on earth. My father held this stock, when it was at single-digit-level. What should I say? The market loves no mergers and must be convinced. This can last a while, but at the end KL will rise above old heights. We just must survive this situation.
Mats Agreed! I'm very comfortable holding long term. Short term is unpredictable, but hopefully the (former Detour shareholder) selloff will be over soon.
 I hadn't yet, but thank you for that link.  I see KL's potential, and I'm looking forward to when everyone else does!  The close today had it been 0.20 higher we would have closed above a cluster of fibs, so next week?  Who knows down to 168% or turn around?
I may have to go back to the drawing board on my algo.  Unless it is screaming a gold correcrtion.  I hope that is not the case, I'm not shorting gold.
when I posted this gold had a high of 1585.  Now a few days later 30pts. down.  I don't want my algo to be right, but so far, gold is correcting.
Thinks it's a healthy pullback so far, for gold. For Kirkland, based on what I read, Mr. Market still needs convincing that the Detour purchase wasn't a mistake (at the price they paid). And, that's something they will need to do over the next couple of years, rather than weeks or months. Then again, earnings might just be the match that lights the KL rocket's fuse! :)
yeah they got themselves into a deal they cannot get out of without penalties. no choice but to remain hopeful. and show us the results. this is a long bet. wish I knew this back in August! not happy but staying in.
This stock is a screaming buy.  I just happen to like my profits sooner then later!  I will wait it out.  Seriously, QTR 4 earnings are expected to be 0.94 compared to 0.52 same QTR last year.
Lol algo's doing their magic again
looks like it is trying to break 100% fib!!!!  Next stop after that would be 168% at 37.46
100% fib of last run up and 68% of low off of detour gold news.
Well if this stock is trading this way due to Beta, I hope markets recover, so KL can outperform again.
 please continue to leave your thoughts on KL.  I trade this stock all the time.  I use my own algos, but my algo has been screaming buy since $43.  I've been successful for the last 6+ months with the algo, always having to make adjustments at earnings, and the purchase of detour.  In your opinion, does this purchase approval have anything to do with this drop?  Today closed below the low on 12/20/2019, and the 68% fib starting at the low on 11/26/2019 to the high on 1/7/2020.  Next stop would be the 168% around $37.5.  Thank you for your input.
Since the approval for Detour went through 2 days earlier, I didn't think it was the cause, but... skimming paperwork, acquisition should close by the 31st. So, big selling on the end of the 30th, in anticipation that the former Detour shareholders will sell off big once they receive shares in the "new" KL? About 80 million shares IIRC. That's a lot of potential volume, even if only a fraction will be cashing in ASAP. May be volatile until earnings?
 Agreed, a lot of people got a payday.
it goes up at night and they take it in the morning...ghrrr
absurd that this isn't trading at $45 at this price on gold.
 good point, but the pendulum should now swing the other way.
it has been totally flat for 6 months. my guess is it will take two years to make any money on my investment. I totally got in at the wrong time. Had no choice to vote for Detour adveventure...or face a huge pentalty. I have to trust the Management of this company.
 Funny how past performance shouldn't guide future performance, but that is exactly what following beta kinda does.  I see that today other miners with negative beta are up, doing the opposite of the market.  KL does better than the market while market goes up following beta, even if gold tanks?  There is no logic in it, but you hit the nail on the head, it is a beta thing.  Furthermore many miners that are up today are far less efficient than KL.
Time for the KL rally to begin.
I was wrong, maybe tomorrow!
At this point, according to my algo KL should be at minimum 44.29 a share, or gold should be at 1457 at this valuation.  Hmmm which is more likely?
I think it was artificially cheapened with a multitude of other actual good investments
 definitely cheapened.
I'm staying long...a lot of people are shorting KL..just wait.. rewards are coming.
Kirkland Lake Gold hits record production for 2019.  35% higher than a year earlier.  What miners can't make bank with gold over $1500?
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