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That is mainly because of increases in the iron (mining) commodity price,. Isn't it nice to own a company that does its own mining?
Rumors abound without any news,
Nice way to go bankrupt.
The nickel futures increased greatly, causing a huge hit today.
I hate to say I told you so, but....NYBOB the AEM board doesn't want to change into a new age gold mining company. They were probably only interested in the huge cash reserves of KL. They will remain fat and lazy.
I knew this was a fat, lazy whale. I wasn't aware it might have a terminal illness! Thanks NYBOB (sarcasm)!
Posted on the Kirkland Lake board minutes ago.
This will be my last response on this board. since the new ID is to take effect later today. The last few months have been a lesson in corporate greed, because it certainly not to the benefit of KL stockholders. AES is, as I've said before, "a lazy whale" with management to match. I love KL, they would meet with Cramer, and tout their use of cutting edge methods of
technologies for both finding new mines (inclusive of satellite use), production (all electric heavy equipment and vehicles for underground mining), and a research and development wing which led them to record yields per ton processed!
The reason I am maintaining my investment for a time is that I understood that the new CEO. and the processes etc. that KL uses will transfer to the merged entity in KL form, possibly in order to enervate AEM to new heights.
I sure hope it works that way. Anyway, the AEM board will hopefully overcome its staleness through this merger. I will copy this post on the AEM board.
This will be my last response on this board. since the new ID is to take effect later today. The last few months have been a lesson in corporate greed, because it certainly not to the benefit of KL stockholders. AES is, as I've said before, "a lazy whale" with management to match. I love KL, they would meet with Cramer, and tout their use of cutting edge methods of
technologies for both finding new mines (inclusive of satellite use), production (all electric heavy equipment and vehicles for underground mining), and a research and development wing which led them to record yields per ton processed!
The reason I am maintaining my investment for a time is that I understood that the new CEO. and the processes etc. that KL uses will transfer to the merged entity in KL form, possibly in order to enervate AEM to new heights.
I sure hope it works that way. Anyway, the AEM board will hopefully overcome its staleness through this merger. I will copy this post on the AEM board.
When are these platforms going to learn that changing from a neutral stance means losing users and along with that revenue?
They are forcing conservatives to Rumble and Parler in order to avoid opinionated fact checking and cancellation.
I am sure that is why AEM just hit a new 52 week low!
To keep the great growth of KL, AEM needs to adopt KL's tech and methods of mining after the merger. This includes gravity intensity testing through satellite imaging; increased investment in expensive, electrical heavy mining equipment to counter the expensive ventilation needed for deep mining (ie: Loaders, drills, 40 ton or better trucks, etc.); just to name a couple. With adopting KL's operations plans, I can see a rebirth of their mines to a production growth rate equal to Kirkland's. Without doing so, I refer you to my earlier posts.
I think he held it too long. In other words sour grapes. The Maryland's legislature has recreational pot high on their agenda. Other states will follow, I'm sure.
For now we are paying about 30% for accepting the AEM "merger"/debacle. KL should now be $50 to $55 per share, since gold is rising and they are beating their numbers everywhere. Now they are worth 79.35% of an AEM share. AEM is what I stated it was, a fat lazy whale resting on its laurels.
Oh well, what the crap, it is only money. Oops, that is why I made a sizable investment in KL, which is now way below any rational investor's expectations.
Two months ago Grwg last acquired a small 9 employee hydroponics store in New Mexico. With over 50 stores and 500 employees, it appears that they are going to have to be a lot more aggressive to even get close to the 2022 projected numbers. I would think an average of 1.5 medium 10-20 employee stores a month might suffice, but they are already seeming to be slowing down. JMHO
I'll second that.
I wanted my new fellow stockholders to know why many KL owners did not want this merger. If Eagle upgrades it's complete mining operations to the way KL does mining, I have no doubt that you will see unbelievable improvements. In essence you have many under-utilized mining assets, which you will now be able to develop, like Kirkland did the Detour and Fosterville mines or better! After all, to Kirkland, CONTINUOUS IMPROVEMENTS in all phases of mining was the major goal.
copy on Kirkland's page follows.
Now the new game begins. I was and continued to be against this outcome because KL WAS the best at mining precious metals, AND AEM is a tired out, old style, non-innovative mining company; as I have related in my posts.
For now I am holding onto my shares, hoping that the lazy whale becomes a shark like KL. They certainly have the brain/innovative mining power now. The only problem is that in business, the norm is that the big fishes feel threatened and RIF the smaller fishes, leaving the same lazy old whale, just fatter.
Now the new game begins. I was and continued to be against this outcome because KL WAS the best at mining precious metals, AND AEM is a tired out, old style, non-innovative mining company; as I have related in my posts.
For now I am holding onto my shares, hoping that the lazy whale becomes a shark like KL. They certainly have the brain/innovative mining power now. The only problem is that in business, the norm is that the big fishes feel threatened and RIF the smaller fishes, leaving the same lazy old whale, just fatter.
You're possibly right. at least 2 downgrades today, and with the price targets newly in the cellar. The vultures seem to be circling. However, GRWG continues to grow revenues at over 100%, which they are using to support acquisitions and growth before the assumed universal legalization of marijuana. This growth, much like the Amazon early model, shows no income or very little. After all, they are TOTALLY reinvesting in GROWTH, and expanding their footprint at every opportunity. This is expensive, and it doesn't match many of the analysts' valuation models.
I learned an old saying when I was young, that I have reminded myself of any number of times. "It is always darkest just before the dawn." I still believe in this company over the longer term. I have doubled my money at least a couple of times, and my current investments in GRWG are down about 60%. I know, however, things could change dramatically with the next quarterly report.
Grwg after hours is making a comeback. Only pennies away from todays loss. Hopefully people are seeing the unfair beating this stock has taken, and are finally coming around to recognizing the tremendous growth with the cost involved with the growth.
All postings I see say EBITA of 7 cents, Analyst consensus of 9 cents and Zacks called for 11 cents per share. They probably invested too much in the large deal that fell through last quarter (which they had to expense, instead of depreciating the money spent over time.)
All postings I see say EBITA of 7 cents, Analyst consensus of 9 cents and Zacks called for 11 cents per share. They probably invested too much in the large deal that fell through last quarter (which they had to expense, instead of depreciating the money spent over time.)
They still have P/E of approximately 80 times and did not make the "expected earnings". If they had held onto the one that got away this quarter, their imminent projected growth would have probably resulted in an overall positive outlook. Really, their growth was great anyway, and for that reason I agree with ZACKS, a hold, or stagnant, without a BIG happening this quarter. Long term, I still love this stock.
KL went down 10-11% because of the 79.35% of an AEM share. The stock analysts, as I do, hated this "merger"! KL stock price was going up before the announcement and AEM probably knew they were on pace for a record 3rd quarter. Yes AEM has almost 50% more product mined, with only 1/2 the income. AEM is old, stale, and inefficient. AEM is also drooling over the massive infusion of cash, implementing new tech with proprietary intellectual property, and using cutting edge tech to survey/Id/and test for new digs. All this to give THEM possible short term shot in the arm !!!! I would rather KL acquire a company like BTG!
Please go to the following, it gives an entire different point of view from Bloomberg
https://www.bloomberg.com/news/videos/2021-09-28/agnico-eagle-buying-rival-miner-kirkland-gold-for-11-billion
NOTE: AEM is buying KL for less than their capitalization!
AEM has been after KL for years now, an probably finally made it worth KL management's attention. Money talks and AEM's large loan vs. KL's over $850 million in cash talks volumes. Take into account the quick assets and the liabilities of each, and add to or subtract from the capitalization, and KL should be the senior or majority partner in this "Merger" NOT AEM
.
Comparisons on the latest 3rd quarter EBITA KL $254.9 million,and AEM $114.5 million. KL Revenues $667 million (income = 38% of revenue), AEM Revenues $974.1 million (income = 11.75%). KL beat all analysts while AEM "disappointed". AND because of the pending "merger of equals" (NOT), KL stock went south on the market instead of increasing with "record numbers". We need to vote against this merger! AEM is, I believe, mediocre at best while KL is dynamic, and I've seen nothing to change my mind in all my research.
Please read the following for AEM's 3rd quarter https://finance.yahoo.com/news/agnico-eagle-aem-q3-earnings-152103372.html
Down from the 3rd qtr last year.
Also yahoo finance calls AEM overvalued while KL is undervalued. Compare the 2 and you can easily understand why KL stockholders should be in the majority at the end of this "merger of equals" instead of getting below a 40% stake of the post merger company.
I just wanted you to know what I posted on the KL thread. No offense to Agnico, but KL was the only real dynamic, growth oriented gold mining stock I know of. I firmly believe that they can change Agnico, but only if they have at least, and probably over, 1/2 the outstanding stock through the merger.
Welcome to a stagnant old school gold mining company that has had a fairly stagnant stock price for the last 20 years, while gold has gone up over 650%. Kirkland lake, on the other hand has grown in the last 6 years by over 1000% in stock price while gold increased a little over 150% during the same time period. KL even had a 2:1 stock split! Do you still want to be a JUNIOR "equal" partner in this merger when there is nothing equal about it! We should not only be senior to Agnico, but I would have expected EQUAL 50/50 stock representation at least!!!!
Welcome to a stagnant old school gold mining company that has had a fairly stagnant stock price for the last 20 years, while gold has gone up over 650%. Kirkland lake, on the other hand has grown in the last 6 years by over 1000% in stock price while gold increased a little over 150% during the same time period. KL even had a 2:1 stock split! Do you still want to be a JUNIOR "equal" partner in this merger when there is nothing equal about it! We should not only be senior to Agnico, but I would have expected EQUAL 50/50 stock representation at least!!!!
Where are you NYBOB. Is your job done, or did you have a job, in promoting a bad merger for KL? This is one of the most one sided "mergers" I have ever seen, and I have been investing in stocks for more than 1/2 a century.
NY BOB, why don't you let the people of this board that you have been posting on the AEM board about KL since March 2020, and that the anemic board has 9 of your posts out of 10 since. Does AEM need a transfusion?
NY BOB, why don't you let the people of this board that you have been posting on the AEM board about KL since March 2020, and that the anemic board has 9 of your posts out of 10 since. Does AEM need a transfusion?
All I see from the Kirkland CEO in your post is deflections and excuses for the actual failure (for whatever reasons) of management in M&A negotiations with AEM. If you want equal, why aren't we getting 50% of the merged company? The value of KL is well known to its serious investors, don't try deflections! Please VOTE NO!!!!!
you might have it if you count after hours. Close is minus 4 cents, after hours plus 17 cents so far. Oops there went the 17 cents. Still very close.
Makuch appears to be in love with being the head of one of the largest gold mining companies with the salary that comes with it. So, He is not happy continuing as CEO for the best medium to small technologic/growth oriented gold mining company.
As far as I know, KL IS also the only company that already utilizes battery based mining operations (along with patents and copyrights), so the synergies mentioned in your post really benefit ONLY the Agnico side of the merger. Numerous other reasons why the merger is "raping" KL are, 1)The share value growth rate since KL went public 5 years ago (KL average of 180% per year, Agnico 8.5%/yr), 2) KL is debt free, with enough cash to pay off Agnico's large debt (That by itself is worth a premium for KL stockholders!) in fact AEM would humanly be known as a "Gold Digger", no pun intended! 3) Another reasons are the high tech exploration methods used by KL, satellite/gravity AI imaging just to name one.
I have rarely seen a merger agreement more one sided! Please vote NO on the merger.
Shorts are covering, and taking profits. Fallen from 9.1% to 7.1%. Options are heavy on the PUT side until November. Then they are turning fairly heavily into the CALL side. Just info. Still appears rocky until November.
GWRG numbers missed consensus estimates for revenues qtr. and yr.. This means that growth rate is probably ebbing.
GrowGeneration Sees Q3 Revenue $114M-$116M vs $123.06M Est.; Sees FY21 Sales $440M-$452M vs $471.64M Est.
Benzinga
Yes AEM seems like a great stock, but I believe KL was greater! At the intrinsic values of the stocks, if "equal", the conversion should have been at least .9 shares of AEM not below .8! WAY TOO LOW! All the fundamentals are there just look at 2, P/E and growth rate. Others like "richest" mines, continued highest yield, innovative use of science in IDing good potential and use of innovative production techniques (with all the patents) etc. make it a no brainer for AEM and a rape of KL.
Yep GREAT! (Sarcasm). Based on AEM's closing today and the .7935 share conversion, this merger is costing all KL stock and option holders approximately a 10% drop in market price in a single day. I guess shareholders don't have voting rights in Canada.
TD Ameritrade says 9.87% of float is short, but Friday early it was around 7.5% or less. We're within a couple of percentage points, so a real short squeeze will only have a relatively small effect on the stock price; unless it is a low volume day, which almost never results in a squeeze.