Karora Resources Inc T.KRR

krr

[arh0070]

None sense ,KRR in the past wasted a bunch of money on promotion and it didnt do a bit of good .Gold stocks are currently correcting and shaking the weak hands out .KRR needs to focus on operating efficiently ,making lots of money ,discovering more gold ,buying back shares ,initiating a dividend and getting rid of all debt .the share price will rise over time if they do that .Spending money on promoters is just like throwing money down the toilet ,the money gets flushed away .

[Tcheck]

Is it dividends or investing in more profits we should aim for ?

[arh0070]

I read through the quarterly report .They really have made a great deal of progress and there is lots of information to review .Great progress has been made on the issue of the Royalties especially on the Beta Hunt .They probably need to start hedging the exposure to fluctuations in the value of the Aussie dollar versus the US dollar .They still have about 35 million in debt they need to get rid

[bukobucks]

I agree, that quarter was yet another impressive report card. Certainly not getting the credit for plenty of smart moves. I'm not sure how the share price appreciates at this point though. The drill bit has been good, a recent sizeable coarse gold find, continuous austerity bring down the AISC, etc. And yet they don't seem to get credit, it's unreal. Buko