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King River Resources Ltd T.KRR.W


Primary Symbol: KRCLF

Metals & Mining Gold
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

King River Resources Ltd > 2 days ago krr was 5.60/share with Q2 ave. gold price 2008$
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Post by Farquaron May 11, 2023 4:12pm
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Post# 35443997

2 days ago krr was 5.60/share with Q2 ave. gold price 2008$

2 days ago krr was 5.60/share with Q2 ave. gold price 2008$The last 2 trading days of gold finishing at 2031$ yesterday and gold closing at around 2016$ today has actually INCREASED the gold price average to 2009$ !! for Q2 yet KRR has been hammered down to 5.02$ from 5.60$

There is absolutely no sensible reason whatsoever for Krr to be beaten down so violently the last 2 days, unless of course there is collusion at the TSX  to paint a picture, so to speak..

On monday we are going to see Krr's first quarter financials and we will be able to know a lot more as to what the rest of 2023 should look  like in terms of free cash flow, profits etc.

Q1 average gold price was 1890$....Q2 gold ave. = 2009$ so far after 29 trading days...

Future is looking very promising..




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