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Karora Resources Inc T.KRR

Alternate Symbol(s):  KRRGF

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

Post by Farquaron Nov 29, 2021 11:36am
203 Views
Post# 34175956

If I had to guess who would want to buy out Krr

If I had to guess who would want to buy out KrrIt would have to be Northern Star...They probably bought out that Jubilee mill with the intention of needing it if and when they believed they would get their hands on the Beta Hunt mine...They know that there's probably 10 million ounces of gold under Beta Hunt..Also Rnx was going to buy that Jubilee mill but Northern Star stole it from under their nose and subsequently RNX was forced to buy the higginsville mill instead, which turned out to be a much better deal anyways.. But Northern Star probably did this knowing that when they finally bought out Krr , Krr would have even more value.... If any gold company has hired a firm to keep a lid on Krr's share price, my guess would be Northern Star.... It's also possible that , Krr management would use the NCIB to significantly bid up the share price if ever Northern Star made an offer, so that the share price would rise beyond what Northern Star could afford....Anyways, this is all speculation on my part....I could be way off on some of this....I am by no means an expert on how all this works...
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