OTCPK:KRCLF - Post by User
Post by
MaterialsManon Apr 18, 2024 6:45am
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Post# 35995321
Renewed interest
Renewed interestThere doesn't seem to be much doubt that investors in WGX.AX are beginning to perceive that the merger will be good for Westgold. The question now becomes how good will it be.
It will become a tug of war between the typical drivers of stock prices, namely, greed and fear.
Greed is saying that this may go to the moon (FOMO). Fear is saying, if I don't take some profits and this tanks, I'll regret not selling.
Goes on all the time. Anybody want to guess how high Westgold might go?
I hope greed wins out.
There will be another good bump this A.M. in KRR.
There should not be a tug of war with KRR. But, there's a lot of buying and selling going on as the chart shows. Once the daily reaction to the move in WGX takes place, investors can buy and sell KRR all day long. The price should remain flat until the following day's reaction to what happened in Australia the night prior.
Perception of how good this deal is for Karora is pretty much irrelavent. It's all about WGX.