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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 Aug 15, 2022 10:17am
260 Views
Post# 34896342

krr down almost 10% this morning

krr down almost 10% this morningMost other gold stocks are down 1% or 2%.....some are up 1%-3%.....There is without a doubt , collusion going on here, to drastically lower the share price of Krr...Probably the shorts behind this. ... but there is clearly no legitimate reason why KRR should be outrageously lower than other junior gold stocks..I could understand if KRR had serious financial troubles but they don't...Their 2 mills are paid for 100%...All their millions of dollars of new equipment and machinery is paid for....They just did a bought deal for 14.3 million shares @ 4.80 each with the share price in the low 3's now , that's almost 25 million $ more than if they got the BD at present prices....Krr is all cashed up ( not sure what the amount is right this minute but it is certainly in the many tens of millions $$$) and all their infrastucture is already paid for or almost paid for...Their 2nd ramp will be finished in a few short months on budget and ahead of schedule...They have paid up probably 24 million$cdn of the $45million cost of that ramp , so to finish the ramp they probably have only 21 million$ more to dish out in the next 7 months ...So, that project is certainly de-risked already....Finally KRR has 50 million $ of an 80 million$", credit facility to draw on if needed...( 30 million was used to refinance that 30 million loan that they carried at a higher interest rate)...Anyway, this beat-down of the share price is designed to discourage everyone...This is psychological warfare...
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