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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 MaterialsManon Mar 09, 2024 8:36am
233 Views
Post# 35924278

To: mjh9413

To: mjh9413I realize you said that you would not be posting any further, but in case you see this, it may be of interest.
It kind of blew me away when I just found out.
RMS has been trading in North America for quite some time in the U.S. on the OTC market.
It's a  pink sheet stock, same as KRRGF, trading under the symbol RMLRF.
I was surprised to see that trading in RMS had not been halted in the U.S. on Friday.
The stock was up 12 1/2 % to $1.06 U.S. on light volume. Maybe this is an indication that the potential merger is being perceived as helpful to RMS.
It's MV is presently 1.2 bilion U.S. vs. a little over 1/2 billion U.S. for KRRGF. Approximately a 2 to1 ratio.
I hope this works out well for everyone, including us, no matter how it shakes out.
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