Karora Resources Inc KRRGF

Primary Symbol: T.KRR

Metals & Mining Gold

Karora Resources Inc. is a Canada-based multi-asset mineral resource company. The Company’s portfolio includes the Beta Hunt Underground Mine, Higginsville Gold Operations and Lakewood Mill. It owns 100% of Beta Hunt, a gold-producing mine located approximately 600 kilometers from Perth in Kambalda, Western Australia. It owns and operates HGO, which is located approximately 75 kilometers south of the Beta Hunt Mine in Higginsville, Western Australia. HGO has a mineral gold resource and reserve and prospective land package totaling approximately 1,900 square kilometers. The operation includes a 1.6 million tons per annum (Mtpa) processing plant, 192 mining tenements, including the Aquarius, Hidden Secret, Mousehollow, Two Boys, Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge and Mount Henry deposits. The Lakewood Gold Mill is located just outside Kalgoorlie, Western Australia and approximately 60 kilometers from the Beta Hunt Mine, has a processing capacity of 1.0 Mtpa.

TSX:KRR - Post by User

Karora Resources Inc > Mulling it over

<< Previous

Bullboard Posts

Next >>

Comment by fakmizon Apr 09, 2024 11:27am

175 Views

Post# 35979092

RE:RE:Mulling it over

How do you figure : Report says the offer equates to $ 5.90 Canadian yet when I break it down here's what I get at todays prices.

2.541 shares Westgold @ $1.52 Can = $3.88
Cash @ $0.61 Can .61
Total value $4.49

plus .30 shares spin co.

Difference between whats reported $ 5.90 - $4.49 above is $1.41

So they value Spinco, an unlisted company at @ $1.41 Canadian
Just how do they justify that price. Am I issing something .Please explain, as based on above this is not a good deal for Shareholders of KRR

<< Previous

Bullboard Posts

Next >>

BlackBerry’s cost-cutting yields Q1 2024 savings