Kirkland Lake Gold – Lakewood Capital Short Idea – My Perspective

Kirkland Lake Gold is a new short by Lakewood Capital, according to a 1Q letter Bloomberg obtained. In their thesis, Lakewood sees “potential downside to $17 per share as the stock has swelled to levels far in excess of its underlying asset value.”   While I have not seen the report, I did some back [...]

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Wesdome Next Kiena Update – What to Watch

The last time Wesdome updated the market with Kiena exploration results was on January 28, 2019. Back then it was determined that there was extensions in excess of 50m on both the up and down plunges. In particular, the takeaway from the last press release indicated an increasing confidence in the up-plunge with visibility of [...]

MVIS | GDXJ Rebalance Season is Here – The Latest

It is that time of year again.  The MVIS Global Junior Miners Index completed their quarterly review.  VanEck Vectors Junior Gold Miners ETF (GDXJ) tracks MVIS and thus any changes by MVIS will be reflected in GDXJ.  Got that?  The changes, as taken from MVIS site, are as follows (https://www.mvis-indices.com/indices/hard-asset/mvis-global-junior-gold-miners): Addition: Aurelia Metals Ltd Deletions: AngloGold [...]

Wesdome Gold Mines Q4 and 2018 Conference Call – Fly Eagle Fly!

Wesdome Gold Mines (WDO.TO | WDOFF) reported Q4 and 2018 financial results on Thursday, February 21 after markets closed. Management then held a conference call at 10am this morning (https://edge.media-server.com/m6/p/hm9wut3y). Here are my main takeaways. Note some of the below are my own interpretations from the call and not representative of what was said by [...]