King River Resources Ltd T.KRR

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.

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King River Resources Ltd > Short interest

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Comment by MVargason Jun 21, 2024 2:39am

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Post# 36099387

RE:RE:Short interest

KRR's last reported short position on the TSX was almost 10 million shares and so yes, with little time to replace those "borrowed" shares, a short squeeze is a distinct possibility.

A profitable trade for KRR shareholders would be to short WGX shares and replace them with KRR shares converted to WGX shares post-merger, so a large WGX short position is not a concern.

With WGX closing at $2.54 tonight, KRR shorters are in tough as that price is equivalent to a KRR share price of $6.46, excluding SpinCo value.

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