Goldtent TA Paradise

KL

1. Alex33 says:

   November 25, 2019 - 10:25 am at 10:25 am

   The market does not like the deal as KL is adding a VERY high cost mine, KL is down 16% losing 1.6 Bn$ in market value, almost 60% of DGC value, crazy, but not illogical, they should have bought SBB or OSK, my opinion. Market will lose confidence in high grade KL story. This is very serious!

   • Fullgoldcrown says:

     November 25, 2019 - 10:45 am at 10:45 am

     Thanks Alex your knowledge of the fundamentals in these companies is very helpful always.

     cheers

     Fully

2. North says:

   November 25, 2019 - 10:39 am at 10:39 am

   Almost always in these deals, the buyer goes down and the acquired company rises.

3. Karl says:

   November 25, 2019 - 11:11 am at 11:11 am

   Don’t follow my comments as advice. I make lots of mistakes. Bad ones. Maybe do the opposite of what I do.

   However if you look at the chart, there’s horizontal resistance at around 38-39, as well as at the 200 day moving average around 40, where it is. Arguably it might be a dandy place to buy a company that seems to be well-managed but had been possibly a little pricey in recent months.

   I owned quite a few shares from when it was a relatively unknown company, years ago, and bought a little more shares earlier this year. I bought some more this morning using the above logic (or lack thereof), even though I am inclined to think that gold prices decline to 1380-1400 in the next few weeks or so, and that gold likely gets hit today or tomorrow because of Comex option expiration. If it didn’t happen to be one of my larger holdings from purchases years ago and if I had more cash, I would have bought more.

   • Karl says:

     November 25, 2019 - 11:20 am at 11:20 am

     Also, I just held the edge of a paper towel (clean, of course) to the chart. I placed it to see where the slope would extend from where it was edging upwards from late November to the beginning of December last year. This methodology shows resistance approximately where you have the horizontal black line, further confirming some resistance there, around 36 1/2. I don’t mind buying KL here and have it go down there maybe for options expiration, even for a month or so. I expect that they’ll be able to handle the Detour property over the years.

     • Karl says:

       November 25, 2019 - 11:23 am at 11:23 am

       correction: “resistance” => support. (I think backwards and upside down, I suppose.)

4. Atomic says:

   November 25, 2019 - 12:11 pm at 12:11 pm

   Will DRGDF eventually be sucked under due to the share exchange…?