Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: LoneClone	5/26/2022 2:41:07 PM
	of 78405

KRR, BTO We got a bit more news from Karora Resources aka KRR -- the bought deal announced yesterday in conjunction with the purchase of a new mill for their Australian gold mining operations has been upsized by a further $C10M to a total of $C60M. This is good news in one sense -- even more purchasers think they can make money on their new shares priced at $4.80 -- but it also means it will take longer to work off the overhang from those cheap shares. Meanwhile, today KRR's share price is stuck one penny under the offering price. ca.finance.yahoo.com I'd been wondering how long it would be before B2Gold aka BTO would buy something given the way they had been building up their cash stash. Today we got an answer -- they are buying Oklo Resources aka OKU.AX for a combination of cash and shares. This deal makes perfect sense, as all of OKU's holdings, including the ready to be built into a mine Dandoko gold deposit, are located in Mali on the shear belt that hosts BTO's Fekola mine. Mind you, given that only $27.4M of the $91.3M purchase price is to be paid in cash, BTO has plenty left for more deals if they are so inclined. Message 33858503 FWIW, in response to this announcement TD issued a new analyst report on BTO that saw the impact as Slightly Positive, but kept them at Buy with a target of $9.50.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next