$KRRGF while I was pissed about the tiny premium for the buyout on the other hand it’s a merger of equals and we get shares
The company is more investable as a mid tier company with gold at highs
So I bought thousands at 3.65
$KRRGF https://ceo.ca/@newswire/karora-resources-announces-merger-transaction-with
Transaction Highlights:
Karora shareholders will receive 2.5241 Westgold fully paid ordinary shares ("Westgold Shares"), A$0.68 (C$0.611) in cash and 0.30 of a share in a new company to be spun-out from Karora ("SpinCo") for each Karora Share held at the closing of the Transaction ("Offer Consideration"). The Offer Consideration represents approximately A$6.60 (C$5.902) per Karora Share based on Westgold's closing share price on the ASX of A$2.28 on 5 April 2024.
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The Offer Consideration represents a 10.1% premium to Karora's closing share price on the Toronto Stock Exchange ("TSX") of A$5.995 (C$5.3602) on 5 April 2024 and a 25.3% premium to Karora's and Westgold's 20-day volume weighed average price ("VWAP") on the TSX of A$5.552 (C$4.9642) and on the ASX of A$2.421 (C$2.1642) up to and including 5 April 2024.
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$KRRGF Finally hit $4 on a delayed SP increase……with Gold at $2,320 per oz, expecting more of a “slow ride” up. Perhaps a merger will sweeten the pot😎! Holding for now….
$KRRGF None of this matters anymore, I'm out, sold all @ 3.45 for a 25% gain. Karora management is good at mining but sucks at everything else, plus there are so many better, more recognizable miners at there lows right now, Karora is not even a blip on the radar, GLTA.
$MGDPF Seems seriously under the radar here. Hey you gold diggers over at $KL $KRRGF and $IAUX worth having a closer look here. There be gold in these hills.
