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Karora Resources Inc. (KRR.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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3.3200-0.1500 (-4.32%)
At close: 04:00PM EDT
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  • B
    BullCall56
    Relatively strong support @ $2.30/$2.40 area; a retest won't surprise me at all.

    Slowly accumulating this one, OBNNF and SILV.

    US Dollar likely strengthens further on additional rate hikes, so break that support and things could get real ugly as next support is quite a drop back down to $1.50ish area; will be viewing that as a rare load-the-boat opportunity if s/p drops that far.

    Good luck everybody -
  • S
    SayWhat?
    diluting the shares of a gold mining company hmmm, where have I seen that story before? Maybe another name change will ease the pain...
  • D
    Dry Heat
    I would expect, that by the end of the 3rd qtr., all of the following PH promises to be fully reflected in their run-rates and forecasted performance:

    “In the current highly inflationary capital environment, which is negatively impacting many of our peers, we expect that this acquisition would take that risk completely off the table. We would also reduce our reliance and exposure to a single milling solution, further de-risking our future growth.

    “Secondly, upon closing, the addition of a second mill is anticipated to immediately increase our nominal processing capacity by over 60 per cent from 1.6 million tonnes per annum to about 2.6 million tonnes per annum.

    “In addition, a second ball mill is already in place at the Lakewood site that is expected to increase capacity to 1.2 million tonnes per annum once commissioned.

    “The addition of a second operating mill brings with it significant potential toll milling capacity – we intend to fill short-term spare capacity through toll milling arrangements at one or both of the Higginsville Mill and Lakewood Mill until the Beta Hunt expansion is completed. Upon completion of acquisition of the Lakewood Mill, we will begin to evaluate mill optimisation opportunities to maximise the efficiencies at both mills as a single, significantly de-risked business.”
  • D
    Dave
    When this climbed to 7 i wished i had bought more when is was lower. Well i have another chance. Producing and well managed.
  • n
    no name
    Sometingwong! KRR tanked.
  • R
    Rejean
    Thank to those who drove the stock down to $ 4.15 . I took advantage of it for another 5000 shares. My hat is full anough for several months with an average price below $ 3.00. I feel the future is bright.
  • D
    Dry Heat
    Does anyone recall what Karora's budgeted gold price is at for this fiscal year?
  • N
    Neil
    When inflation is the catalyst for selloff gold always falls but it is just the markets herd mentality will rebound very quickly if you’ve got powder use it now
  • 3
    3800ft
    Great article here. Btw.....nice finish in the green for Karora Friday at market close. If you are serious about investing in miners, this is mind blowing. I've been following this guy's articles for probably 6-8 years and he is one of the main reasons my portfolio is loaded with mining companies. Adam is a CPA and has been analyzing precious metals and miners for most of his career. This was just released yesterday, June 10th: https://www.zealllc.com/2022/bginspgd.htm 🌐
  • N
    Nick
    Why is Haywood, the broker of the BD @ 4.80 selling thousands of shares @4.51 today, basically short selling. How is this not a conflict of interest and why did Karora not disallow it in the contract?
  • N
    Nick
  • n
    no name
    From 7.54 to 3.93 in 2 months
  • N
    Nick
    Looks like that NR is causing some nervous shorts to cover today.
  • N
    Nick
    Gold up $14.00 and KRR down .14 cents.... These sellers are literally in danger of causing an Institutional selling cascade. This is absurd, KRR stated, we are maintaining guidance for the year despite poor AISC for Q1. They achieved a haul rate from BH of 1.5mt/year recently without a second decline and the second decline is now ahead of schedule. Nickel manpower will double and grade will 2-3X in 2H. Gold grades in Q3 will be higher. Restrictions are lifting and gold is up, cash flow and cash on hand covers just about everything, PH should just come out and say there will be no sweeteners (warrants added to BD) and make Haywood choke on it, and this short attack would end. We owe Haywood F ALL.
  • A
    A
    k92 is such a much better managed company with mgt. that respects its shareholder base, and delivers on its promises like the true champion it is.
  • R
    RC
    Considering that they were pretty sure they would be doing this deal for the last couple of months, it's too bad they didn't do the share issuance when the stock was significantly higher, instead of after it dropped 30%.
  • n
    no name
    Thought they sit on tons of gold. Why need financing
  • D
    Dave
    Financing is why this is up 11 %?
  • N
    Nick
    Karora Resources Announces Beta Hunt Second Decline Progressing Ahead Of Schedule, The Discovery Of A New Shear Zone And New Drilling Results Including 198.5 G/T Over 4.5 Metres
    https://www.karoraresources.com/2022-05-24-Karora-Resources-Announces-Beta-Hunt-Second-Decline-Progressing-Ahead-of-Schedule,-the-Discovery-of-a-New-Shear-Zone-and-New-Drilling-Results-Including-198-5-g-t-over-4-5-metres
  • N
    Nick
    Karora Resources Bolsters Balance Sheet with Lower Cost $80 Million Credit Agreement with Macquarie Bank Limited. The proceeds of Credit Agreement will be used to refinance the Corporation's existing $30 million credit facility which bears an interest rate of TD prime rate plus 6.05% per annum, and for general working capital purposes.
    https://ceo.ca/@newswire/karora-resources-bolsters-balance-sheet-with-lower