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Bullboard - Stock Discussion Forum 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... see more

TSX:KRR - Post Discussion

Karora Resources Inc > 2 days ago krr was 5.60/share with Q2 ave. gold price 2008$
View:
Post by Farquar on May 11, 2023 4:12pm

2 days ago krr was 5.60/share with Q2 ave. gold price 2008$

The last 2 trading days of gold finishing at 2031$ yesterday and gold closing at around 2016$ today has actually INCREASED the gold price average to 2009$ !! for Q2 yet KRR has been hammered down to 5.02$ from 5.60$

There is absolutely no sensible reason whatsoever for Krr to be beaten down so violently the last 2 days, unless of course there is collusion at the TSX  to paint a picture, so to speak..

On monday we are going to see Krr's first quarter financials and we will be able to know a lot more as to what the rest of 2023 should look  like in terms of free cash flow, profits etc.

Q1 average gold price was 1890$....Q2 gold ave. = 2009$ so far after 29 trading days...

Future is looking very promising..
Comment by ggrellette on May 11, 2023 5:02pm
Maybe one should view this opportunity as a buying opportunity if one feels very strongly rather then question why the drop. Glass half empty or half full. Personally if you think GOLD stays above $2,000 per/oz then this is a buying opportunity thus I would take advantage of this opportunity but I have NO cash left until next month. Sadly for me these openings never materialize for me when I can ...more  
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