Karora Resources Inc T.KRR

8% royalty

[MaterialsMan]

A royalty is being proposed by the Biden administration on mining company profits.
Not that this would affect KRR directy, but mining sector stocks are out of favor as is.
Too bad that 8 or 10 percent needed to offset diminished profit couldn't just be added on to the price of what is being mined.
Unfortunetly, we all know that it doesn't work that way. The republican led house would probably not approve the proposal, but they may not be in charge next fall. If the proposal gains momentum, let's hope that a potential outgoing tide does not sink all ships.
This may prove to be a creative way for the government to increase it's revenue. If it goes through, there will undoubtedly be more out of favor industries affected by a similar approach.

[Farquar]

Socialists/communists destroy businesses . They destroy countries.. Venezuela was destroyed by Chavez and his communistic policies.. South American countries keep voting in these communists because the people are as dumb as dirt. You would think that a country like Peru would have taken notice of how Chavez DESTROYED Venezuela  or how Cuba was destroyed by Castro, but no  they keep

[Goldbug52]

I'm not sure if socialism is destroying or destroyed Cuba or Venezuela. I would say that that was more likely caused by the US and the CIA and the sanctions imposed by said country. Unfettered capitalism like we have in the West has now led to a huge disparity between the haves and the have nots. To boot, there is unprecedented homelessness and drug addiction throughout the US and the West in