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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

Comment by cleareyeon Mar 11, 2024 5:36pm
118 Views
Post# 35927315

RE:RE:How aggressively is our CEO trying to sell the company?

RE:RE:How aggressively is our CEO trying to sell the company?Hi Rainman01,

The last few days, since the leak of information regarding negotiations with RMS, have been frustrating.

I am not as angry as you, based on my reading of your words. I have some perspective on managing and leading companies and I know that it isn't at all easy. What has happened over the past week has been undoubtably difficult and frustrating for Huet and company as well as us.

The news release this morning may have been a way of putting the whole sorry mess with RMS behind us. It blew up in our collective face at first but now we are back to where we were prior to the leak last week. (Around C$ 4.70 per share.)

Building a company and then selling it is not always sinister. It happens. Gold companies may be built up and then sold when the price if gold is high. That is normal and it is a way to maximize shareholder value. That has not been demonstrated this past week, but there was a leak that threw a wrench in everything. (I wrote things I regret, but I was trying understand something that was not every going to be clear.) I don't believe that Huet planned that one.

The negotiations with RMS are probably over, unless RMS finds a way to pay more that a billion $US.

So, my question was genuine. It may change the way I treat my shares of krr.to if I know the timing of an eventual sale.

All the best to you. You can vent as you wish. We all have a different emotional rythym. I'd like to move on and let krr management do the same.

cleareye.
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