OTCPK:KRCLF - Post by User
Post by
Goldbug52on Apr 10, 2024 11:47am
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Post# 35981319
This'll be my last post
This'll be my last postI've owned various sums of Karora since the Father's Day vein. I held my nose when Huet and Turner sold their shares and never bought on the market! What a mistake!
This sell out of the company was the final straw and I sold my remaining shares within 2 minutes of Monday's opening.
One of the main reasons was the uncertainty of whether the stock of WestGold would be listed on the TSX. If you follow the CEO board you saw a lot of people there concerned about this very fact. Although there were assurances from Westgold that they would try to list on the TSX, no guarantee that that would happen.
I owned Superior Gold which was bought out by Catalyst Metals, an Australian listed miner. I sold most of my shares but kept about 2000. Guess what, I can't sell them without incurring a fee from TD Waterhouse (because they don't have an international trading desk) equal to the value of the shares.
The way that sale went down was so uncannily similar to the Karora transaction (Canadian company taken over by an Australian company). Did that deal between Superior and Catalyst help shareholders of either company? No! Catalyst (ASX:cyl) is trading at about 50% of what it was when that deal took place!