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Just got a call to slam $4 week puts at open and squeeze these shorts! Less than .05 cents a price will drive action upwards
Yes it has.. exited 5/17 $70 calls at Friday open for vice profit.. Purchased $65 5/17 puts after... daily double!!!
Looks like a MAJOR short squeeze in the works
More huge buys today above .70... something be cooking
Lock and load. We gap up wed morning
3 big buys end of day
666,700 @ .7050
666,700 @ .7050
1,333,300@ .7050
Only 1 or this month so far..News is due...
It’s time.. bottom is in. quarter after quarter exceeding expectations.. we go up from here
I had a buy at .62 I pulled last second when I saw the pressure. Dropped the hammer at .565 looks pretty good so far. Could retrace a little bit to .54 but hope I caught rock bottom
Do you guys enjoy taking it up the bum with those memos?
55M have traded the last 3 days we 400M in the free float not including institution holdings. This can get much uglier very fast..
They have 500M in cash and a 250M credit line but also have 600M in debit.
It’ll be a solid bounce play when bottom is in
This will fall more tomorrow. Support should show up around .90. It will make a nice bounce for some money tanks
No court will approve this buyout.. buyout should be much higher than $2.47 a share.. news out to force shorts to cover IMO. Still has further breakout potential
I know right... insider buy 3M shares 1week before buy out..
Damn right... what are the odds.. 10M still short that need to be covered
Where did today come from. Think it’s time I convert these restricted shares I have been holding since UBPS was bought by jetpay.
Nice buy for 240k EOD at 1.44.. confirmation Monday would be fantastic
This stock is owned by shorts. Drop was expected today. I got out at open for a profit of .10 cents per share and entered again from 1.30-1.32.. I believe we bounce from here and this area holds for support. Insider Waterton has bought 3.5 million open market shares the last 2 weeks at $1.37. Current holding is over 10%..
There is also 13M plus short shares however they were shorted much high between 2-3 per share. These need to be covered before Q1 filing IMO. By that time the share price will have rebounded and be taking away from the profits.. another note 100M shares held by institutions of the 179M OS. So 13M are short on 80M.. I for one are long on some of those as well as others by the daily trading volume..
The last week we have had daily short of 60%,70%, and 80%.. short deadline for reporting is tomorrow.. if today was another highly shorted day... Tomorrow we could see a nice spike.
Today wasn’t just sell offs. Most of the day the ask was stacked just like they have done every high short day.
Is this a joke??profit of 150k on 4M..
We believe our cost of the current backlog will be approximately $3.85 million (against which deposits of $1.02 million have been made), and that the sale price of the current backlog will be in excess of $4.0 million. We believe that deliveries will begin in the second half of 2018.
Short Squeeze Coming!!
179,000,000 Million Outstanding Float
100 Million held by institution and insiders!!
80 Million Shares Free to trade..Most locked up with longs with a cost of $2.50+
13.6 Million shares to cover. 17% short if all 80 Million were changing hands.. Not even close.. Look at the trading volume...
Will take at least 13 Days to cover.
Insiders bought 3,307,857 Shares within the last 7 days @ $1.37...
10K After Market Close 3/15/18
1Q 2018 Guidance 4/15/18
Locked and loaded....
Another pathetic 1000 share buy... seriously....what a joke...
It’s a shame I love the company idea. Not the people who run it.. GPVRF is similar I have been buying the dips
I got out for a .30 gain per share.. digging in this company is run by fraudsters. Took the gain without looking back
Not a good sign when the founder gets terminated without justification
Edward R. Monfort Founder and Chief Technology Officer. Edward R. Monfort, our Founder, has served as our Chief Technology Officer since September 2014
Not sure if it’s enough of news but insider just bought 3M shares on 3/2/18.. must have been on the Toronto exchange because we had 1.7M volume and they had 5M volume on 3/2/18. May be the catalyst KLDX needs
https://www.sec.gov/Archives/edgar/data/1311605/000114420418013159/xslF345X03/tv487917_form4.xml
Insider WATERTON MINING PARALLEL FUND OFFSHORE MASTER, LP reports buying 3,143,123 shares of $KLDX for a total cost of $4,306,078.51 on 3/2/2018
https://www.sec.gov/Archives/edgar/data/1311605/000114420418013159/xslF345X03/tv487917_form4.xml
They can’t hold this down forever. What your seeing on the bid is fake. The second any buying pressure hits it vanishes and the price moves up. It’s not moving over night but very soon
Despite a global economic upswing, which has been a powerful tailwind for stocks, gold remains firm and is trading well above the psychologically important US$1,300-per-ounce mark. There are signs that gold will remain firm over the course of 2018, because of a range of economic and geopolitical risks that could trigger the next market correction. One of the best means of earning outsized returns from higher gold is by investing in small gold-mining stocks. A gold miner that stands out as being attractively valued after being roughly handled by the market — down by almost 75% over the last year — is Klondex Mines Ltd. (TSX:KDX)(NYSE:KLDX).
Now what?
Klondex owns and operates a portfolio of gold mines in Canada and the U.S., including the Fire Creek mine in Nevada, which is ranked as the world’s highest-quality operational underground gold mine. It has proven gold reserves of 118,000 ounces with an average grade of 37.34 grams of gold per tonne of ore. Klondex’s total proven and probable gold reserves across its four mines come to 667,000 ounces.
Klondex’s focus on expanding production and reducing costs is delivering considerable dividends for the company. It reported record 2017 gold production of 189,456 ounces, which was a 17% increase over 2016.
Nevertheless, this was below the miner’s revised guidance and can be attributed to the company’s decision to defer the processing of ore from its Hollister mine to allow it to optimize operations at the Midas Mill. That saw it finish 2017 with a stockpile of 15,000 gold ounces, which can be sold over the course of 2018, further boosting earnings.
An aspect of some concern for investors when it comes to Klondex’s operations is the miner’s extremely high costs for each gold ounce sold. For the third quarter 2017, it reported all-in costs of US$1,704 per ounce, which was well above the average spot price for the quarter. It is also significantly higher than many of its peers, including Barrick, which reported full year 2017 all-in costs of US$860 per ounce.
While the headline number is worrying, what investors need to understand is that all-in costs not only reflect production costs, but include expenses related to mine development — growth projects to expand production and sales.
In Klondex’s case, development expenses can be high, because its operations are comprised of underground mines that are focused on extracting gold from narrow mineralized veins. The cost of production is better reflected by a miner’s cash costs. For the third quarter, Klondex’s cash costs came to US$809 per gold ounce produced, which is well below the gold price and comparable to its peers.
Klondex’s operational performance will continue to improve during 2018. The miner has projected that gold production will grow by up to 7%, while cash costs will fall to US$675-725 per ounce, and, importantly, all-in costs are projected to drop to somewhere between US$940 and US$990 per ounce. In an operating environment where gold remains firm, this will give Klondex’s earnings as well as profitability a tremendous boost.
So what?
The miner’s ability to reduce costs and expand gold production makes it an appealing investment. Each of those factors coupled with its stock having plummeted sharply in recent months, despite higher gold, means that Klondex is poised to rally significantly and could easily double in value.
The technical report titled "Technical Report for the Fire Creek Project, Lander County, Nevada" (the "Technical Report") was originally filed on SEDAR on February 5, 2018. The Technical Report is being amended in order to correct certain formula errors and inputs used in Section 21 (page 248) and Section 22 (page 251). The changes to Section 21 were made to remove 2018 drilling capital from Table 21-1 and to remove capital costs shown in Table 21-3, which are not modeled as such in Section 22, and add those costs to Table 21-4. The latter change presents a more representative view of operating costs used in the financial model. The changes to Section 22 were made to Tables 22-1, 22-2, 22-3 and Table 1-5 to correct an error in the operating costs in the cash flow model, incorporate the reduction of the unnecessary 2018 drilling capital, correct the estimated royalty payments and make corresponding changes to deprecation, taxes, net income, cash flows, and key operating and financial statistics. These changes are also reflected in Figure 22-1 and Figure 22-2. The above changes resulted in total net income and cumulative cash flows each increasing by $19.6M, as reflected in Tables 22-1 and 22-2. Other than the changes made to the tables and figures noted above, the Technical Report remains the same in all respects.
Its been awhile Bucky... maybe I misread.. in section 16
Subsequent to September 30, 2017, the Company:
b) Entered into two Share Issuance/ Claim Extinguishment Agreements pursuant to which the Company agreed to issue, in aggregate, 50,000,000 shares of its common stock in exchange for the assumption of aggregate indebtedness of $154,056.
Sounds like 2 x 50M.. I see the 70M below that..
If you add up all the others even accounting for the shares changed over to class A I can’t get the so called 119M... to ugly for me.. best of luck though
Anyone else catch the 10Q states over 100M shares were issued subsequent to 10-Q filing.. I guess a pink can get away with it as the O/S they provided was on 2/15/18 the same date of the filing
Someone stepped up to the plate and started buying. Curious to see if we see more insider buys.
Hi lowtrade
Curious if you have looked at KLDX lately. I know you played it back in December. Looks like bottom is in with huge upside potential
Clarus Securities analyst J. Spratt now expects that the company will earn $0.07 per share for the year, down from their previous estimate of $0.10. Clarus Securities has a “Accumulate” rating on the stock. Clarus Securities also issued estimates for Klondex Mines’ FY2019 earnings at $0.42 EPS.
Lots of insider buys happening
Klondex Mines Ltd (NYSEAMERICAN:KLDX)
As of February 15th, there was short interest totalling 13,408,943 shares.
Since Feb 15th there have been roughly 2 million more short shares sold...
Currently, there are 100 million shares held by insiders and institutions..
There are 79 million active traded shares
Based on an average daily trading volume, of 1,000,000 shares, how many days do you think it will take to cover the short positions!!!!
I got here recently. Had a large order sitting at 1.32 I never expected to fill. PSAR flopped and closed over 10Day EMA with nice volume.. lets what Monday brings
Shocked I am alone here.... up up and away
177M outstanding
95M held by institutions
18M short
1M daily volume
Buyout news or major increase in production would be fantastic right about now...
It fell from 1.70 to 1.12 on the 10k. Which states
We expect deliveries to start taking place mid-year, at which time we would begin to recognize the revenue from those orders.
Earliest I expect to see turn around is Q3 filing. Until then loses will continue to pile in Q1 and Q2 filings
Yes the may have enough cash to cover the year but there net loss increased from 10million to 21million.. that will continue to grow quarter by quarter.
I believe this has huge potential.. the writing is on the wall though