Karora Resources Inc T.KRR

KRR management report card

[Rainman01]

With respect to announcements of guidance which was scheduled for later in this month this was done to hurt shareholders and market capital which is a failure. Our gold forecast was also a failure. Our aisc was raised for no apparent reason with oil under 80 another failure. Management should have bought back a few million shares cheap when KRR was at 4 dollars another failure. Paul Huet you are under the microscope for failure to protect shareholders interest in KRR. All KRR management should be on notice. Gold holding today and we dropped 8% in minutes after the guidance announcement. That is the thanks honest shareholders get for believing in you Paul Huet you should be ashamed of yourself if not investigated.

[Rabiger1289]

Aren't you being a little hard on management? I see no problems.

[Highwired7]

Really? You see no problem with the current SP with 2185 gold? An early release of guidance/ AISC, both revised lower, 2 days after a lowball buyout deal was leaked,?

[Highwired7]

To call the timing of the last two news releases suspicious is a huge understatement. Releasing the well below expected 2024 production / increased cost rates while in active “merger” negotiations is a blatant breach of the BOD’s fiduciary duty to protect the interests of shareholders. Pending the outcome of these negotiations, KRR’s board and management will likely be subject to SEC

[Rainman01]

I am on your side and KRR shareholders side. You need to read my statement again if you think that I am on management's side. I am all for any investigation of KRR management in this matter. As I stated KRR shares dropped 8% after their lowered guidance was released. This was a direct violation of trust of shareholders. 

[Highwired7]

Sorry Rainman01, that was a great post, My reply was for Rabiger1289.

[Rainman01]

No problem all is good. I think he is joking around but maybe a little to soon. 

[Eagle720]

Revisions aside, why the need to release these numbers 11 days before the March 22nd conference call and webcast date which was communicated several weeks ago?  Isn't that the time to do so when they can be explained and questions can be asked? 

[MaterialsMan]

Eagle720, Production numbers have traditionally come out in advance of the earnings report. A lot of companies do the same.

[Highwired7]

Those weren't production numbers, those were guidance and AISC numbers.

[Rainman01]

Hey Eagle720  What CEO would release a downgraded report days after a leaked takeover. Everything points to intent to suppress share equity. Our guidance was I believe 175 to 195 and aisc at 1200 high end. This was up until Friday. Weird they would have to get that out first thing Monday morning right after a leaked takeover. 

[MVargas]

The current Corporate Presentation on the company's website (and presumably the one used at PDAC last week) shows 2024 guidance to be 170,000 - 195,000 ozs and AISC $1050 - $1200. Suddenly AISC jumped by $200/oz with production increasing in 2024, but the previous guidance was probably not realistic considering that AISC in Q3 of 2023 was already $$1196 and lower nickel prices and planned

[Rainman01]

Company shorting our production days after mining conference and increasing aisc . In case some other people don't realize they haven't sold any nickel in a while so the extra 175 aisc just don't add up . You're numbers for tons milled sound in line especially with the new ball mill. If we are not processing nickel we would be processing more gold not less. Thank for the

[staz]

Great find. That , potentialy, explains very strange behaviour of the Karora stock price. In December 2023, when the gold price was falling below $2,000 KRR share price still was hovering above or around $5. Yet, here we are: with the gold storming all-time-highs every day for the last several days, KRR's SP like a sick dog can't stand on its feet. Annoying . With or without merger talks

[Rabiger1289]

Highwired it's sector wide, it will go, patience is needed

[Highwired7]

Your making a blanket statement and ignoring the particulars of what has transpired in the last 2 weeks alone, if this was sector wide as you say, my watch list of other gold miners wouldn't be up 20-50% in the last 2 weeks..

[Odinson]

Nothing good will come from the team of Huet and Makuch ...