Karora Resources Inc T.KRR

Buzz on the Bullboards: Major developments amidst market dynamics

[MaterialsMan]

I wonder how this got up to 1.59. If this has the potential to become a meme stock, a little help might be in order. It can't be done alone.

[amishelvis]

WGXRF is traded so thinly that it doesnt count imo.

[MaterialsMan]

Well, AU seems to have held onto its gains overnight. Other metals are following suit. Typically, at approximately 8:30 when gold trading in NY opens, there are pretty good moves up or down. The great

[MaterialsMan]

After the first three hours, gold is up to around 2440. About 20 bucks. WGX.AX response is tepid, up a little. Here's hoping the trend keeps going.

[Rainman01]

Both companies are heavily shorted. Westgold is number 6 on the Australian market for being shorted right now. My theory is to drive retail out and keep the price lower for institutional investors to

[MVargas]

Yes MM, you are correct.  There is no reason/incentive to supress WGX's share price.  On the contrary the higher the price of WGX's share price when the merger is finalized, the

[MaterialsMan]

I would beg to differ. If if was a cash deal, you would be absolutely correct. But it's not. Two and half shares are two and a half shares regardless of the share price. The cash portion has been

[schmidilein2713]

they will do everything to keep the shareprice low- because they have to pay/offer a 2.52 multiple for Karora shares. Each cent higher shareprice means more money to pay. 

[MaterialsMan]

WGX has a great balance sheet with all the right boxes checked. Unfortunately I don't think KRRs SP will react to any great extent if the breakout continues, unless the SP of WGX begins to respond

[MaterialsMan]

You all must be a little excited at seeing gold over 2400, silver breaking 30 and copper on a huge roll. If the major indexes stop setting new records everyday, the talking heads on the business

[MaterialsMan]

Know any reason why? There was some odd trading today. 5 million total on the TO. 3 of it at the close. One million at exactly 1:30pm. In the meantime, volume in the states was less than 5% of normal.

[daw2]

Currently up 5.52%

[Jonathon Brown]

Several TSX-listed companies are making headlines with significant updates, strategic movements and quarterly reports. read article.

[MaterialsMan]

Xi is being very hospitable to Putin during his China visit. Would love to be a fly on the wall for that get together. Whatever they agree on which may be a lot could portend policies that could

[MaterialsMan]

Any influencers out there wanna take a shot at turning KRR into a 'MEME' stock? Make it into a GameStop and we could all retire.

[MaterialsMan]

MV, If you are correct regarding the royalty situation, I stand corrected. My bad. I have never been able to find a line item in KRR's financials as to the actual number attributed to royalty