King River Resources Ltd T.KRR.W

Primary Symbol: KRCLF

Metals & Mining Gold

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 > Institutional buyer.

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Comment by MaterialsManon Jul 19, 2024 11:36pm

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Post# 36140960

RE:Institutional buyer.

The cash portion is pretty much the equivalent of a dividend.
That's 10% of 6 million dollars. Not bad for a short term investment.
Of course there is the question of the SP holding up.
I never saw anything to indicate at what point in time one must own the stock to get the sixty cents.
If it's until the shares stop trading, it could be the deal of a lifetime. However the price of a WGX.AX share price at a certain point in time may come into play.
I think it would be a gamble with the possibility of losing one's shirt.
There is no guarantee as to whether the original investment could be recouped.
Nothing is certain.

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