Please forgive me if I ask for some non-TA comments on Kirkland Lake provoked by recent news releases. It is one of my largest holdings from way back when it was an unknown penny stock in my retirement accounts. I added in the past year or so because of the chart mainly. People here have recently commented on nice KL chart appearances.

https://www.kl.gold/news-and-media/default.aspx

“Kirkland Lake Gold Announces New High-Grade Intersections at Fosterville Swan Zone, Drilling Expands Robbin’s Hill, Cygnet and Harrier Targets”

I lack the competence to evaluate these drill results, but they seem good. In recent weeks they had seemingly good drill results at Detour.

Could someone please explain to me, or offer reasonable hypotheses, about some recent corporate moves taken together?

Extremely recently they sold a royalty at Fosterville. Why? Do they need cash? Are they thinking of buying stuff around Detour or what? The drill results at Fosterville refer to visible gold, suggesting that even if they had no other hint that the results might be good, they might have wanted to keep all the proceeds of Fosterville to themselves unless they needed cash right now. I am puzzled, but I don’t know many things.

The second thing is that not too too long ago they announced they were going to buy back some of their own shares. Why? If they were thinking of buying other properties or companies, why wouldn’t they want to conserve cash? I have seen the hypothesis that a company that buys its own shares rather than hoarding cash is a company that is putting itself up for sale (maybe to Barrick or Newmont). I’m not sure. Also, they’ve hiked their dividend. Seems to go against their apparent desire for cash with the royalty deal.

So they seem to be wanting cash yet not wanting cash.

I keep learning how naive I am. Any explanations of their strategies?  Again, apologies for a non-TA post selfishly devoted to one of my holdings.  At least it’s gold related and related to a company many people here are probably interested in.