King River Resources Ltd T.KRR.W

RE:New Press Release - Karora Shareholders Approve Transaction with Westgold; FIRB Approval Received

[mjh9413]

Westgold have been saying for weeks that it wil close before Jul 31. As to the the Spin Co remember it's KRR's 21% interest in Kali Metals (and ASX listed stock which has seen sp decline and higher vols over last couple of days) and there's been reference to  a 'Dumont asset" so maybe Dumont will be its name. It doesn't really matter as Kali is hardly exciting at  AU18c sp and having just done a not overly exciiting maiden drill...but has just listed on Frakfurt if that helps.)
More to point is that relative Westgold/Karora prices at the close today see a slight discount in KRR price based on t/o terms but that too is immaterial.  The real question that you ask is the Westgold NA listing and what its sp action will be. Westgold's existing listing  on the US Exchange has been US 1.70 to US 1.95 the last week or so. Also watch Westgold on the Aussie Exchange as all those American Investment Banks (and institutional holders) finalise their investmen decisions that might be still outstanding on both Westgold and Karora. I sold the KRR but I bought back into when the mis-pricing versus Westgold was so evident, Personally I'd buy more Westgold on the US Exchange depending on the trading paterns there. GL