RE:Globe says Sclodnick rates Karora Resources "tender"As I write this Gold is barely above $2,300 and WGX.AX is trading at $2.295 which values KRR shares at $5.90 - an even bigger discount than mentioned in the Globe article.
One of the reasons for the discount is the growing number of KRR shares shorted on the TSX. An additional 3.5 million shares were shorted in the last 2 weeks of May - increasing the total shorts o/s to almost 10 million shares!
What are they thinking?? Where are the shorters going to come up with 10 million shares prior to KRR shares being converted to WGX shares?