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King River Resources Ltd T.KRR.W


Primary Symbol: KRCLF

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.


OTCPK:KRCLF - Post by User

Post by MaterialsManon Mar 05, 2023 1:45pm
301 Views
Post# 35320048

Falling dominoes

Falling dominoesThere seem to be a lot of opinions being revealed lately about the status of the dollar and its prospects. The one concensus from what I can tell is that even if it caves, it will take a long time. When Bitcoin went crazy, I was skeptical but dipped a toe and made a little money. Even though it corrected, I felt that it looked as if Crypto was here to stay. With FTX, the dominoes started falling. The next biggie is Silvergate Capital. When bitcoin was at its height SI stock was over 200. It is having major problems due to involvement with FTX. The stock is now at about five dollars. Kind of reminds me of 2000 A.D.
Silvergate, which probably should have been called cryptogate, is an FDIC insured bank. There is a run on the bank as depositors can't take out their money fast enough. The bank has filed with the FDC regarding its ability to continue as a going concern. Since the FDIC bail out would not occur before the banks demise another Federal Fund, dedicated to providing housing for the underpriveledged, is being tapped to provide billions in advances to stave off imminent collapse. The crypto industry cannot distance itself fast enough. 
Is this the beginning of the end as crypto prices are falling below what seems to have been resistance levels. 
If this can all happen in the proverbial blink of an eye, what is to say that the demise of fiat currency 
including the dollar can't happen quickly as well. Got Gold?
Some of this info was garnered from an article on 321gold, and paraphrased.

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