King River Resources Ltd T.KRR.W

Primary Symbol: KRCLF

Metals & Mining Industrial Metals & Minerals

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 > Seriously undervalued

<< Previous

Bullboard Posts

Next >>

Comment by MVargason May 19, 2024 1:14am

153 Views

Post# 36047708

RE:RE:RE:Seriously undervalued

Yes MM, you are correct.

There is no reason/incentive to supress WGX's share price. On the contrary the higher the price of WGX's share price when the merger is finalized, the more valuable those shares will be for KRR shareholders when their shares are exchanged for WGX shares. That makes the offer more attractive and increases the liklihood that it will be accepted.

Incidentally, the Australian dollar has strengthened a bit against the Canadian dollar since the merger announcement, making the WGX shares a bit more valuable and the cash component of A$0.69 has increased to about C$0.63/share.

<< Previous

Bullboard Posts

Next >>

Two micro-cap stocks with strong fundamentals