Replies to post #702 on Kirkland Lake Gold (KL)

[jimbo8]

Probably for a couple of reasons. First two of their mines are lessening in production, even though they are not expecting further erosion. Along with this, the mine that continues to increase annually is not projected to increase in 2020. This is shown by their statement that they are going to increase production by 600,000 ounces post merger. This is the same amount produced by Detour last year. In other words, a lot of the pricing was based on continued growth, which will be muted until KL starts getting similar production and margins from Detour that they experience from the other mines.

Another reason was that the market ALWAYS overreacts!!!!

The third reason is that they did't beat the expectations by as much as in the past. This gave the speculators reason to sell, and the stock short position a reason to expand.

We already knew that this was probably going to happen. Hopefully Kirkland can change the Detour to deep mining and increase their production to an annual $900K to a million ounces in a short time.

[NYBob]

Sprott Money News Weekly Wrap-up - 2.21.20
4,230 views•Feb 21, 2020

Sprott Money
6.79K subscribers

https://www.youtube.com/watch?v=dvtwopQ366A

Kirkland Lake Gold Amends Normal Course Issuer Bid and Implements Automatic Share Purchase Plan
Download this Press ReleasePDF Format (opens in new window)
TORONTO, Feb. 20, 2020 (GLOBE NEWSWIRE) --

Kirkland Lake Gold Ltd. (?Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that in connection with the Company’s previously announced normal course issuer bid (“NCIB”) to purchase up to 20,898,692 of its common shares (the “Shares”), it has entered into an automatic share purchase plan (“ASPP”) with its designated broker.
The ASPP is intended to allow for the purchase of Shares under the NCIB at times when the Company may not ordinarily be permitted to purchase Shares due to regulatory restrictions and customary self-imposed blackout periods.

Pursuant to the ASPP, the designated broker may purchase up to 7,000,000 Shares until the expiry of the NCIB on May 28, 2020.
Such purchases will be determined by the broker at its sole discretion based on the purchasing parameters set out by the Company in accordance with the rules of the Toronto Stock Exchange (the “TSX”), applicable securities laws and the terms of the ASPP.
The ASPP has been pre-cleared by the TSX and will be effective as of February 21, 2020.
The ASPP will terminate on the earlier of the date on which: (i) the NCIB expires; (ii) the maximum number of Shares have been purchased under the ASPP; and (iii) the Company terminates the ASPP in accordance with its terms.

Outside of the ASPP, Shares may continue to be purchased under the NCIB based on management’s discretion, in compliance with the rules of the TSX and applicable securities laws.
The NCIB commenced on May 29, 2019 and expires on May 28, 2020.
The Company expects to renew the NCIB upon expiry.
All purchases made under the ASPP will be included in the number of Shares available for purchase under the NCIB.

About Kirkland Lake Gold Ltd.

Kirkland Lake Gold Ltd. is a growing gold producer operating in Canada and Australia that produced 974,615 ounces in 2019, with target production for 2020 of 1,470,000 – 1,540,000 ounces.
The production profile of the Company is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia.
Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management expertise.

For further information on Kirkland Lake Gold and to receive news releases by email, visit the website

http://www.klgold.com

https://s23.q4cdn.com/685814098/files/doc_presentations/2020/02/Q4-2019-Conference-Call-Webcast-Feb-20-2020-v4.pdf

In GOD We Trust -





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Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

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Ps.
opinion appreciated
TIA

[NYBob]

KIRKLAND LAKE GOLD (TSE:KL) ANALYST RATINGS HISTORY
Show:

https://www.marketbeat.com/stocks/TSE/KL/price-target/


Kirkland Lake Gold Ltd. (TSX:KL) @ PDAC -


March 1 - 4 Metro Toronto Convention Centre, Toronto, Canada

Kirkland Lake Gold Ltd.

Booth Number: 2313

Website: http://www.klgold.com

https://www.pdac.ca/convention/exhibits/investors-exchange/exhibitors?startsWith=k

Ex. by KL shareholder....
Kirkland Lake Gold (TSX:KL) Quite undervalued -

I added to my position at 31,6 USD.
We're down 31,5% from the close prior to the detour merger
announcement.
Taking the detour valuation as well on 25th of November,
we are down 28% in combined market cap.
Meanwhile gold is still up 8% since and we had the best
Kirkland results ever.
And we still have our 707 million dollar pile of cash
sitting there, becoming a substantially larger portion
of the company valuation as price declines.

The only way this valuation makes sense is if you reason
that Fosterville will not increase reserves at all and
they'll just scoop up 2,1 million ounces there with a
total profit of 2,7 billion and close up shop.
In that case we'd have 0.7 billion in cash, 2,7 billion in
Fosterville profits and the rest would then be
worth 5,8 billion.
Detour was already valued at almost 3 billion when gold
was 8% lower thus given their high leverage to gold price,
i'm just going to lowball and give them
a valuation of 3,5 billion.
So what remains is 2,3 billion USD of value for
Macassa,
Holt,
Robbins Hill,
synergie benefits between detour and macassa operations,
the investments in
Osisko,
Bonterra,
Novo amongst others AND
any upside potential to fosterville.

I think the market is being irrational and we'll be in
the 40's in no time.
There is no long term downside risk to this stock
at current gold prices.
by ftj1408

For further information on Kirkland Lake Gold and to receive news releases by email, visit the website

http://www.klgold.com

https://s23.q4cdn.com/685814098/files/doc_presentations/2020/02/Q4-2019-Conference-Call-Webcast-Feb-20-2020-v4.pdf

In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA