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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 > Seriously undervalued
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Comment by MVargason May 19, 2024 1:14am
134 Views
Post# 36047708

RE:RE:RE:Seriously undervalued

RE:RE:RE:Seriously undervaluedYes MM, you are correct. 

There is no reason/incentive to supress WGX's share price.  On the contrary the higher the price of WGX's share price when the merger is finalized, the more valuable those shares will be for KRR shareholders when their shares are exchanged for WGX shares.  That makes the offer more attractive and increases the liklihood that it will be accepted.

Incidentally, the Australian dollar has strengthened a bit against the Canadian dollar since the merger announcement, making the WGX shares a bit more valuable and the cash component of A$0.69 has increased to about C$0.63/share.


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