Karora Resources Inc T.KRR

Take-over price - possibly a mute topic at this point.

[cleareye]

I could see an $8 Canadian price for a take-over target, as a starting point. However, the whole topic is mute for now.

The whole issue may blow over by Monday. It's possible that it was a rumour. However, I'd be surprised if the newspaper that reported it didn't at least phone the company to verify. That would be journalism 101.

Here's the headline and first few lines of text from The West Australian. I assume that they have some sort of journalism expertise.

(The currency of the billion dollars is in question - but let's assume that it is starting at 1 billion Australian. No deal would be done for that small amount.)

Karora Resources in a deal that could surpass $1 billion

 

Adrian Rauso

The West Australian

Wed, 6 March 2024 8:39PM

Comments

Adrian Rauso

The ever acquisitive Ramelius Resources is back on the prowl, as the gold miner eyes off its biggest catch yet in a bid to further expand its WA footprint.

 

Sources close to the proposed deal confirmed Ramelius is in late-stage takeover discussions with fellow gold producer Karora Resources, which trades on the Toronto Stock Exchange at a value of about $945 million.

[atchouk]

If I understood correctly, KRR received a takeover offer of 1 billion dollars. The question is: which dollars? If Australian, it means 5 CAD per share. If USD, it means 7.5 CAD per share. Currently, it looks like the market thinks that the offer was in Australian dollars…

[cleareye]

I was the one who wrongfully started this $C 8.00 price idea and I apologize. It is a red-herring at this point in time. It is better to focus on a bigger picture. However, I think that the "facts" that I am interested in are simply:  There were reports of a buyout by RMS - they were vague.  RMS halted trading, adding to the speculation that talks were entering the final

[Rainman01]

Cleareye none of us are experts. When I was adding everything up I forgot the 80 million for the lakewood mill the incline ventilation and fans . All the infrastructure we paid for to turn us into the company we are today. We are not desperate for any deal from anyone it has to add up for the share holders. We can't forget management has large amounts of shares also. It has to be beneficial