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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 > According to Shortsqueeze.com KRR has 1.8 million shorts
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Post by Farquar on Dec 14, 2023 9:22am

According to Shortsqueeze.com KRR has 1.8 million shorts

I am not sure how reliable this website is but it says that KRRGF (Karora) has 1.8 million shares short in the USA trading, not canadian markets.. The average trading volume stateside is about 97,000 shares traded each day... So it would take a minimum of 18.6 days for the shorts to cover if the volume stayed at 97,000 per day..

If gold continues higher and finally breaks out to 2400$ and higher, these KRRGF shorts are going to be in a whole  lot of trouble if there not already in big trouble as it is..

There could be a massive spike in the share price of KRR as these shorts might start to panic buy as soon as today..

We'll see in the next days what is going to happen...
Comment by MaterialsMan on Dec 14, 2023 3:28pm
The Yahoo site has the average daily at about 58,000.  If memory serves, yesterday, which as you know was  huge upday for gold, the volume I believe was a measily 33,000.
Comment by cleareye on Dec 19, 2023 5:49am
Tax loss season is almost over. To sell and have the transaction close in the 2023 tax year, the sale must take place on or before Wednesday, December 27. The TSX is closed December 25 and 26. So, if shorters are counting on frightened shareholders selling, they have 5 more trading days to cover with those easily convinced to sell for tax loss. On December 28 the balance in the argument to sell ...more  
Comment by Rainman01 on Dec 19, 2023 7:01am
There already seems to be alot of selling going on with KRR lately. The only thing different is the share price hasn't fallen like other times. This is because we have turned a new page and this stock is set to make huge gains in the near future. With KRR on the buy back plan they are accumulating shares which is good for shareholders and share price. With gold prices up and share price ...more  
Comment by PeterThomas on Dec 19, 2023 6:00pm
loads of insider selling.
Comment by TiggerL on Dec 27, 2023 2:55am
There have been no SETI reports showing any NCIB buybacks.
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