OTCPK:KRCLF - Post by User
Comment by
Farquaron Sep 08, 2021 10:31am
145 Views
Post# 33824508
RE:RE:Larkin is looking very good !
RE:RE:Larkin is looking very good !materialsgirl wrote: Once again Farquar you are apply good logic.
Your musings seem reasonable or maybe even
conservative.
A mystery for me is why the heck does the market not
recognise the reality today
We seem to be trading at a 50% discount to true value.
Sooner or later a major player will try to take us out.
The usual suspects for a discount are absent here;
** government confiscation
** governrment increasing taxes significantly
** unstable ground or flooding or mine collapsing
** financing risk
** major lawsuits
The gold market is experiencing alot of fear, uncertainty and doubt (FUD)..So, even if all those things you listed have not happened, scared investors start to believe they could happen, so until we exit this mini-bear market, the gold stocks will continue to underperform...However, even with such cruddy sentiment, Krr should go up in price just because they are adding value every quarter. ..As their cash position grows, especially in a persistent bear market they should be able to buy out distressed properties at a huge discount, which will add so much value that even the market could not ignore. Even in a bear market there are always some companies that do very well and Krr looks like one...