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 > Globe says Sclodnick rates Karora Resources "tender"

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Comment by MVargason Jun 11, 2024 1:31am

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Post# 36082149

RE:Globe says Sclodnick rates Karora Resources "tender"

As I write this Gold is barely above $2,300 and WGX.AX is trading at $2.295 which values KRR shares at $5.90 - an even bigger discount than mentioned in the Globe article.

One of the reasons for the discount is the growing number of KRR shares shorted on the TSX. An additional 3.5 million shares were shorted in the last 2 weeks of May - increasing the total shorts o/s to almost 10 million shares!

What are they thinking?? Where are the shorters going to come up with 10 million shares prior to KRR shares being converted to WGX shares?

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