Karora Resources Inc T.KRR

KRR real monetary value

[Rainman01]

To look at a realistic value for KRR you must look at everything . We have 82 million cash plus 40 million on paper for Dumont 2 mills worth 1 billion and a new ramp and new equipment 50 million plus 1 or 2 billion in nickel and 3 to 4 million Oz of gold 6 billion minimum and a extensive land package and lithium exposure. Anything less than 3 billion will result in shareholder litigation. Gold is on its way up we are just starting to see our true value in KRR. Why would we sell out for 1.5 billion dollars does not make sense. Shorts still have to cover the 2 million shares no matter what.

[atchouk]

I am not greedy. I would be happy to sell for 1.5 B. They are “currently in exclusive discussions with Ramelius regarding a potential business combination”. We will see soon.

[Eagle720]

KRR was trading at $7.50 Canadian in April of 2022. Since then management has continually updated us with positive nickel, lithium and most importantly many gold developments. With gold hitting all time highs this does not seem a time when a small premium to current market value would motivate management or shareholders. Not sure why anyone making an offer would think a small premium would even be

[Rainman01]

No you are not missing anything. 7.50 all time high and then the stock corrected but that's when the short sellers come in. They make money shorting the stock and regular little guys like us are left to wonder if something is constantly wrong. KRR has consistently delivered on their promises on time and budget while in a pandemic conditions and rampant inflation. I have every reason to believe

[Overthehill1979]

Krr,yes April 2023 was $7.50 it was true that many excellent reports were issued however it was also right that after each excellent report was issued the price always went down instead of rising who or what was the reason for this and I suppose the same will happen after today!!

[MaterialsMan]

Eagle720, Welcome to the discourse. At face value, it does seem that very little premium is being offered if the rumored numbers are true. It's very doubtful that a deal will be for cash. RSM doesn't have that much cash. That basically leaves shares with perhaps some cash or, maybe they will start a trend and pay for some of it in gold. That aside, if the deal involves shares, it will take

[mjh9413]

Institutions in nth america have 40% or so of KRR float.  Whether institution or other shareholder, who the devil wants to hold ramelius stock. It has to be cash or it can't happen IMO.  Ramelius is not a company with any significant potential so why would they ever consider themselves a bidder for KRR, and with insiders of KRR with about 1% skin in the game, why would they ever

[MaterialsMan]

mjh9413, Many U.S. intitutional buyers are invested in Australian mining companies. A little quick research shows that U.S. institutions own about 300 million shares of RMS which represents about 20%. RMS's market cap is close to double that of KRR. They seem well managed, are running in the black, and have about 500 million in the bank.  It's pretty much common knowledge in Australia

[Rainman01]

It has been a long day for me but I have came to the realization that the bank is the one who has insider information on stocks and I believe they are the ones running our stock down. I will post about it later. 

[mjh9413]

One man's desire to get out of Aussieland is not part of any deal I trust! RMS at last report had $282MM of cash and gold, plus $100MM of unused credit facility.  To me it is not who is in RMS but the idea of 40% float of KRR being in institutions' hands is relevant to how their interests will count in any deal, if one is presented.  I say again, if this cannot be all cash then

[mjh9413]

meant to add, your reference to holdings in RMS. If you look at recent substantial holder report on ASX you'll see reason for RMS price increase and a major holder being DFA, basically an australian entity that has been buying for several associated entities all thru dec to Mar 5th. Just a matter of interest.

[MaterialsMan]

mjh9413, I do not portend to be a fly on the wall. But, if it is true that KRR has been looking for someone to buy them out for two years, then I would venture to speculate that this is the best offer yet to be received. There is no question that the scheme, if further considered, will require shareholder approval. That would obviously include the institutional holders you speak off.  I think

[Rainman01]

I have been in KRR since 2018 . 2020  August gold 1600 dollars a Oz KRR 4 dollars. 2024 gold 2180 KRR 4.80 . Gold goes up 580 dollars and we are being ripped off by the institutions and other entities. They think we are stupid. I still believe this is a 3 billion dollar asset. There is a big scam going on in the nickel market right now and things will be sorted out in the near future and we

[2008run]

Could this be condidered as insider information when Management cashed in their KRR shares as high as $5.75 last year?

[MVargas]

With the share price now at $4.70 which is less than the day before the disclosure of the poosible takeover by Ramelius, it looks to me that the shares are likely being shorted today to make the offer appear more attractive. Who in their right mind would accept shares of a company not traded on any major NA exchange at a value less than the 2023 KRR closing price when the POG has risen almost

[Rainman01]

KRR is Tsx traded in Canada so that's were the lawsuit will happen . 4 million Oz of gold 82 million in cash for a song and dance I don't think so. I await news then we will establish a plan. 

[Odinson]

Maybe we will need a class action against those that are supposed to be working in the best interests of the shareholders. Count me in.

[Rainman01]

Hopefully we will have Everyone on board. Strength in numbers. 

[mjh9413]

"A cash deal is not going to happen with RMS." You said it, so no deal is likely. Hey, an alternative might be RMS list in Canada. Then a share deal might be more acceptable, but then a share deal has to be real premium price.equivalent and, as I thinat halt Aussie $ sp. No more posts from me.

[Rainman01]

I have done some research on RMS and it says that they are overpriced at 1.56 which would tell us they are not near the company everyone thinks they are especially with a billion shares out. On the same site I researched it says we are underpriced that would be by a large margin. Very different situation for both companies. So if they were a merger we would take on dead weight not smart. We have