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Bullboard - Stock Discussion Forum Kore Mining Ltd V.KORE

Alternate Symbol(s):  KOREF

KORE Mining Ltd. is a Canada-based company, which is focused on responsibly creating value from its portfolio of gold assets in California, United States. The Company is advancing the Imperial project towards development while continuing to explore across both district-scale gold assets. It owns 100% of the Mesquite-Imperial-Picacho District which consists of approximately 31,000 acres of... see more

TSXV:KORE - Post Discussion

Kore Mining Ltd > Eric Sprott
View:
Post by loopsbutterfly on Oct 13, 2022 9:17am

Eric Sprott

he is out!!!
Comment by Amameal on Oct 13, 2022 9:21am
Good luck to all those who brought shares at a low price yesterday, thanks to Eric Sprott.
Comment by LowtoHigh on Oct 13, 2022 11:26am
What are your thoughts? Is it worth scooping up at .02 cents? Does this have a chance to climb a bit and take a quick gain? Or is this headed for bankruptcy?
Comment by Amameal on Oct 13, 2022 3:02pm
It is hard to tell in short term. But, in a long run, I like the odds here, I am holding a long term long position.
Comment by Valuuuguy on Oct 13, 2022 3:42pm
looks like a good high risk gamble.  as simple as that. I dont know if there were any issues that Eric had with KORE, but clearly he wanted to realize a sizeable capital loss.  From placement history, looks like his cost might be in the 70s (his last big placement was $7.5M at $1).    So immediate tax savings for him in the 18 cent range (plus 2 cents on sale).   So ...more  
Comment by LowtoHigh on Oct 13, 2022 4:34pm
Appreciate it folks. I might dip in to look for a 3x bagger.
Comment by RockLobster1 on Oct 14, 2022 1:34am
Yes I added enough to 5x my position. Don't really expect to break even but at this price plus the 1 cent rights I think it's a nice gamble. After rights I will have 9x what I had... I expect they will consolidate 5 to 1 or something
Comment by riskmanager on Oct 14, 2022 1:55pm
Eric Sprott got out because it will be almost impossible to permit this mine in California. The state is going for full ESG and cut all source that is bad for environment. Equinox has a mine close but its permitted. So i dont see how they can survive.
Comment by Valuuuguy on Oct 17, 2022 11:38am
Agreed that permitting is the biggest issue.  But more than priced in.  Way more Anytime Im up 50%+ within days of a news positon, I'm happy!!!!!!!!!!   Hopefully ill be up a couple of hundred percent within days or weeks.
Comment by Valuuuguy on Oct 17, 2022 3:04pm
100%???  Fantastic.  Maybe the 200% return hits this week!!!
Comment by Valuuuguy on Oct 18, 2022 4:24pm
Sold 15% of position.  At 100% for less than a week, gotta take a little cash off the table.  I'll end up putting it back in.  Possibly at lower price, hopefully at higher price!!! Thank you Eric!
Comment by Valuuuguy on Oct 19, 2022 3:32pm
I've sold more than 1/2 of position on massive profit.  But only because KORE went ex-rights today.  So dont forget, you get 3/4 of a right per share.  Each right allows you to buy a share for 1 penny!!! Make sure you exercise!! If you dont have the cash, sell some Kore shares to do it!!!!
Comment by yureja55 on Oct 31, 2022 12:06am
This post has been removed in accordance with Community Policy
Comment by Valuuuguy on Nov 01, 2022 11:25am
Boy, am I glad I dumped my pro-rata (vs the rights) and 3 to 4 cents.  MAKE SURE YOU EXERCISE THE $0.01 RGHTS! Dont let managed let them exercise them for themsleves!!!!! If you dont want more KORE shares, then sell what you have and exercise rights for LESS than 1/2 current market price!!!!!!!!!!!!!
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