OTCPK:KRCLF - Post by User
Post by
horace5on May 26, 2022 4:54pm
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Post# 34710345
Couple responses to Dart article
Couple responses to Dart article jtlien
“An added boost for the company. A nearby mine owned by Galileo Mining has found a nickel/platinum/palladium resource that has lifted the stock value from $30 million to $180 million in the last month. Karora has land rights almost within spitting distance. But it just goes to show the potential for some of the unexplored land Karora has.”
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30piecesofsilver
“I love this deal! Market seems to have 2 problems with it. 1- the dilution. Sure, no one likes dilution, but this is the best use of it possible. They're growing the company's production capability meaningfully. 2- The whole ‘He lied, they said it was self-funded’ narrative. This is nonsense. The HGO upgrade was and still is, fully self funded. Buying Lakewood doesn't stop them from upgrading HGO. They may delay it a bit due to constraints around workers, materials, etc, but they aren't going to scrap it. Why do you think they did the bought deal? It's because they are going to do both. And when HGO is upgraded and Lakewood is on board, this company is going to be producing @ 250k oz's a year at industry average or lower costs, potentially much lower depending on what happens with nickel. This is a fantastic move IMHO.