The only negative at the moment is lack of local liquidity, with only 1 million shares listed on ASX it’s hard to get set. Getting a dividend in Canadian $ is also not ideal.
Solutions; issue more shares locally in capital raise or takeover local entity with option of payment in KLA shares. The story will grow rapidly from here, all we need is liquidity although as NYSE showed overnight ( up 4% in falling market), Fosterville is the monster tide that will lift and lift and lift KLA’s boat.
KLA Price at posting:
$37.16 Sentiment: Buy Disclosure: Held
