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Karora Resources Inc T.KRR

Alternate Symbol(s):  KRRGF

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 > According to Shortsqueeze.com KRR has 1.8 million shorts
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Post by Farquaron Dec 14, 2023 9:22am
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Post# 35784119

According to Shortsqueeze.com KRR has 1.8 million shorts

According to Shortsqueeze.com KRR has 1.8 million shortsI am not sure how reliable this website is but it says that KRRGF (Karora) has 1.8 million shares short in the USA trading, not canadian markets.. The average trading volume stateside is about 97,000 shares traded each day... So it would take a minimum of 18.6 days for the shorts to cover if the volume stayed at 97,000 per day..

If gold continues higher and finally breaks out to 2400$ and higher, these KRRGF shorts are going to be in a whole  lot of trouble if there not already in big trouble as it is..

There could be a massive spike in the share price of KRR as these shorts might start to panic buy as soon as today..

We'll see in the next days what is going to happen...


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