Replies to post #13 on Klondex Mines (KLDX)

[123tom]

Good post flemsnopes....

timely too...as June began,it looks like it might have bottomed. Do you think that's the only reason for such a big 50 % haircut?? is KLDX a good miner? or did it just get bubbled up as a darling pump and dump game in the last year.?
3 dollars might be the dip to buy now at a good bottom if the company is really solid.

Anybody interested in Klondex? Ive been watching it on my list for a while. Not surprised to see any bubble get hammered back down. Look at many miners did this too...TAHO,AG, lots of miners collapsed after the big 2016 bubble rally. and after the 2017 bounce too. like KLDX

[ValueFact]

Q3 was dismal. MGMT Focus: Output-Earnings Stability. It's time to slow this 110% reinvestment mindset; stop drilling/drilling/drilling. KLDX creates a perception of HAPHAZARD MGMT. CO must stabilize and maintain manageable and predictable production levels: SPENDING TOO. It smells like drill overkill. The $2.38 stock price is what KLDX DESERVES: performance is too erratic to instill investor confidence. It would also be helpful:

1. The Midas CIL circuit for Hollister ore adds how much in daily Midas mill tonnage?

2. When is KLDX increasing Midas Capacity? Can they expand slowly, like a 250 ton annual mill output growth? A leach pad alternative strategy for marginal ore?

Midas Mill needs expand to at least a 2000 ton capacity. If modular approaches could add 250 ton segments, not interrupting operations, that would be ideal. WHY isn't KLDX developing a mine/mill plan that makes everyone comfortable.

Making decisions on the fly needs to transition into a disciplined and controlled structure. $2.38 might then be $3.50-$3.95: not $2.38.