OTCPK:KRCLF - Post by User
Comment by
stazon May 12, 2022 6:49pm
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Post# 34679785
RE:Anybody have any theories
RE:Anybody have any theories Today SP lost almost 12%. That's in addition to previous days of losses.
One of the reasons (not for the drop but for the drop bigger than other gold miners) is far from stellar Q1 report. Another is a continuing PoG drop. But, again, it affects all gold miners. And one very specific reason for Karora is that it moved too high too fast .That was great of course but the expected correction in KRR SP to some reasonable levels, say mid $6, coincided with big correction in the PoG and overall market decline. KRR SP has a room to go down. Even at today's closing price and after losing 1/3 of it's peak value around $7.50 it still around 65% above its 52 weeks low of ~$3.0. At the same time many gold miners are setting new 52week lows in the past few days.
With this in mind I can say that in my view Karora is a much better investment among junior gold miners since it's great performance before PoG correction started demonstrated that the market values this stock. Just my 2 cents.