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Karora Resources Inc KRRGF


Primary Symbol: T.KRR

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

Comment by cameronreillyon Apr 09, 2024 3:12pm
242 Views
Post# 35979679

RE:RE:RE:Mulling it over

RE:RE:RE:Mulling it over
Westgold closed at 2.19 AUD.   Not sure where your 1.52 Canadian came from?
2.19 * 2.541 = 5.56 Aud
5.56 AUD = 5.00 canadian
add 61 cents cash plus cdn plus whatever the SPINCO 0.3 of a share is worth.
5.61 canadian plus that share value.  Somewhere it said 14 or 15 cents?

$5.75 canadian.   Not sure if any of these numbers change as the stock prices change.  
Westgold is down @7 (-19 cents) percent since mondays (announcement day) high of 2.36AUD

This is not looking particularly good for KRR, with KRR falling, Westgold falling, gold climbing.
I also feel like Westgold is trying to capitalize on its current run up in stock price, and I would love to know what sort of deal both managements have cooked up for themselves.  In my head I saw a bigger number than a 10% bump which seems to be disappearing anyway.

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