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Yup. I bought the dip. This won’t be the last time we get a negative PNG headline either.
Barrick is known for abusing countries in which they operate. Article states as much. The lease was up 9 months ago, not like the country came and snatched it from them mid contract. K92 has a contract until 2023 or 2024 (can’t remember details). K92 is also known for giving back to the country, economy and community in which they operate. They have morals and John Lewins touches on this in almost any interview he gives.
To me this is a dip opportunity just like the last headline that came out. Barrick up and K92 down has to Tel you something here...
Mako MKO
Nothing left to even say...
Not a proper KNt day without a smash down of price at some point.
Similar set up to look at is CANX
Pretty sure I have mentioned MKO here. If not, apologies. Started buying at .10 and still think it has long way to go.
I agree. I think it will be a slow steady grind up and USD will be a slow steady grind down. Too hard to jump in and out of these nice growth stories.
You played yourself. Precious metals growth stories are a hold for the next few years. MKO, WDO, KNT... list is long.
Completely agree with you there. If you’re looking for another jr explorer that will double in 2020 check out Mako MKO.
Look at the markets and gold this morning and the sharp reversal of both after Trump tweets out his daily trade tweet bs.
How is Trump tweeting every day to prop up the markets not investigated. This is absolutely brutal.
Clay Trader kiss of death.
I think it could backrest the 2.40 area again.
About time. Let’s leave the station and never turn back. Hoping no bs PNG headlines hit the wires otherwise we could see this continue grinding up in 2020 like it did this last year.
There we go, Trump Friday trade deal pump job erasing gold gains. This is brutal.
Serious volume on the Canadian side.
On the Canadian chart it’s sitting right at mid bollinger band and 20 ma at 2.12 and 50 ma right above at 2.15, which it hit today. RSI, MACD and stochs all look in an uptrend. Highest volume day since mid Sept so far.
Nobody is interested in gold at the moment either. It’s in no mans land. Needs to convincingly move up to shatter expectations of this being like 2016 all over again.
Hopefully this does something today on this news. Enough drops, enough floundering around. I’d love to see slow sustaining moves up again. PNG headline overblown with contract in place until 2023.
The fact Rob has said over and over and over that he prefers private placements means a public offering is not a good sign. Obviously no institutions want to pony up to invest in this perpetual loser.
Coulda shoulda bought in that dip into the CAD 1.80’s. Dammit.
They seem intent on pulling this to 1.80 on the Canadian chart.
On the Canadian chart 1.90 seems like a logical test and reversal, imo.
Gonna be another pounding today by the looks of it. More ridiculous trade deal headlines.
Larger cap miners are holding relatively ok consider the gold smack down. This on the other hand...
When is it expected?
Know any resources for short data on this stock? It feels like it’s been bogged down by shorties since that initial PNG government new came out months ago that cratered the share price here.
Canadian side looks like some nice accumulation, techs starting to point up and the potential move north off a c&h.
Nice volume today on the Canadian side.
I’m very tempted to sell out here and move the funds to Wesdome. They continue stellar performance and there is no geo political risk. On the fence...
This stock has become mind numbing.
Yeah, tax loss selling was the only reason I could come up with. Seems easy to be doing so but you are right about the buyback time frame (I’m from Canada)
A lot of selling here lately. Hard to see how this could go much lower.
I don’t think we see any trade deal at all. It’s all smoke and mirrors. Just watch.
The glacier pace this stock moves we will be lucky for 2.50 at McEwan’s “$5k gold”