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Kirkland Lake Gold KL

Posted: Sat May 30, 2020 12:09 pm
by modeljc
Just ran across this little gem. John Paulson just took position. No debt and cash on hand 500 million with safe properties in Canada. Pays a 1.3% divdend with a lot of leverage with the price of gold. Adjusting for recent merger looks like it is selling about 10 earnings. Stock has gone up about 6 times in the last 5 years with gold going up about 50%. Sells for $38 or so with about 277 million shares outstanding. They purchased 10 million in the last quarter. Never found a gold mining stock that looks this good.