Kore Mining Forum: Community User: Support

Was will man da noch abwerten? Is doch schon völlig fertig die Bude

Die Abwertung geht vermutlich weiter: The Consolidation and Name Change form part of a larger transaction pursuant to which a wholly-owned subsidiary of Karus will amalgamate with Theia Gold Corp. ("Theia") and each of the issued and outstanding common shares of Theia following the amalgamation will immediately be exchanged for 2.5414 post-Consolidation common shares of Karus (collectively, the "Proposed Transaction"). Upon completion of the Proposed Transaction, Karus (the "Resulting Issuer") will continue to carry on the business of exploration and development of Karus' South Cariboo Property and Theia's Mineral Creek Property. For more information on the Proposed Transaction, please refer to the Corporation's news releases dated August 14, 2023 and December 18, 2023, each of which is available on the Corporation's SEDAR+ profile at www.sedarplus.ca.

Dabei war es mal eine ziemlich stabile Bude. Es ging erst so richtig bergab nach der Abspaltung von Karus. Kore hatte ich gott sei dank noch rechtzeitig verkaufen können aber das Geld von Karus ist wohl weg, leider

Vielen Dank @Repulsor ! Der Laden ist finanziell ziemlich klamm. Der Wirtschaftsbericht (nicht auditiert) zeigt, dass dringend Geldgeber benötigt werden.

Ca4859231066 is dann die neue Isin

@Daxfee @HerrRosenthal Hab grad gesehen das es am 20.2. einen Reverse Split bei Karus gab. Verhältnis 1:10 und es wurde Karus Gold ausgebucht und zu Karus Mining wieder eingebucht. Handeln kann man sie trotzdem nicht. Aber interessant was so mit unseren Anteilen so getrieben wird. Was ein Drama mit dem Pleiteladen.

Klingt alles eher nach pleite.

Ich will doch nur meine Karusanteile, mehr nicht. Aber das wohl eher Betrug am Aktionär

Fortsetzung von Teil 1: necessary if the Company were unable to realize its assets and settle its liabilities as a going concern in the normal course of operations for at least 12 months following the reporting period. These adjustments could be material. Cash Used in Operating Activities Net cash used in operating activities during the nine months ended September 30, 2023, was $941,644, compared to $3,040,183 during the nine months ended September 30, 2022. KORE’s activities are highly dependent on the cash resources available to the Company (see “Liquidity, Capital Resources, and Going Concern” above) and therefore can fluctuate from period to period. Cash Used in (Provided by) Financing Activities Net cash received from financing activities during the nine months ended September 30, 2023, was $233,224, pertaining to the loan received of $306,450, offset by the payments of the capitalized office lease costs of $73,226. During the nine months ended September 30, 2022, the Company received $70,000 from the exercise of stock options, which was netted by the payment of office lease cost of $124,889.

KORE MINING LTD. Management’s Discussion and Analysis September 30, 2023 (Expressed in Canadian dollars unless otherwise stated)

Liquidity, Capital Resources and Going Concern The condensed interim consolidated financial statements of the Company have been prepared on a going concern basis which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The continuing operations of the Company are dependent upon the Company’s ability to arrange financing consistently. In November 2022, the Company completed the Rights Offering to the holders of its common shares and raised $864,970 through issuance of 86,497,010 common shares. The Rights Offering was issued at a minimum possible price of $0.01 per share, a steep discount from the market price of the Company’s common shares, to confer a benefit on its shareholders willing to participate in the Rights Offering. Despite the recent success, there can be no assurance that the Company will be able to obtain adequate financing in the future or that the terms of such financing will be favourable. If adequate financing is not available when required, the Company may be required to further delay, scale back or eliminate various programs and may be unable to continue operations. The Company will seek such additional financing through debt or equity offerings, but there can be no assurance that such financing will be available on terms acceptable to the Company or at all. As at September 30, 2023, the Company had a cash balance of $38,396 and a working capital deficit of $681,558 with current liabilities of $788,405. The Company has incurred losses since inception and does not generate any cash inflows from operations. For the nine months ended September 30, 2023, the Company used cash flows in operations of $941,644 (2022 - $3,040,183). On August 23, 2023, the Company received a loan from Karus in the Principal Amount of USD$225,000 (equivalent to $306,450) in August 2023. In the event that the Principal Amount is not repaid in full by October 12, 2023, the outstanding Principal Amount will bear interest at a rate of 10% per annum until repaid in full. The Principal Amount remains outstanding as of the date of this MD&A. The Company’s ability to continue to meet its obligations and carry out its planned exploration activities for at least the next twelve months is uncertain and dependent upon the continued financial support of its shareholders and on securing additional financing. Subject to the approval from disinterested shareholders of the Company, KORE plans to settle accounts payable of $140,000 for services through issuance of common shares. There is, however, no assurance that any such initiatives will be sufficient and, as a result, there is significant doubt regarding the going concern assumption and, accordingly, the ultimate appropriateness of the use of accounting principles applicable to a going concern. The Company’s condensed interim consolidated financial statements do not reflect the adjustments to the carrying values of assets and liabilities and the reported expenses and balance sheet classifications that would be

So liebe Leute..es gibt wieder Neuigkeiten mit Basis Sept 2023..der Managementreport mit einigen interessanten Aussagen zu Liquidität/ Finanzierung und Aktivität.

Das es im Interesse alle Shareholder ist kann ich mir kaum vorstellen

Sieht vor allem so aus als wurden die einzigen realen Vermögenswerte mit dem Spinnoff von Karus "herausfilitiert". Kore bleibt hoch spekulativ. Ist es am Ende doch im Interesse aller Shareholder?

Weiß jemand wie es mit Karus weitergeht? Merkwürdig sind immer diese geplanten Übernahmen von Karus durch andere Firmen die angebahnt werden und dann nach längerer Wartezeit wieder abgesagt werden. Oft aus finanziellen Gründen. Sieht für mich so aus als bedient man sich sämtlicher legaler Mittel um Karus nicht listen zu müssen.

Karus sollte glaube ich erst im September irgendwas passieren. Echt ein nerviges Investment. Immerhin hab ich Kore rechtzeitig verkauft.