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KWG Resources Inc C.CACR

Alternate Symbol(s):  KWGBF | C.CACR.A

KWG Resources Inc. is a Canada-based exploration stage company. The Company is engaged in the discovery, delineation, and development of chromite deposits in the James Bay Lowlands of Northern Ontario. It is focused on two projects, which include Black Horse Project and Big Daddy Project. The Company’s Black Horse Project is located approximately 280 kilometers north of Nakina, Ontario, which contains the Black Horse chromite deposit, including over 1,024 hectares covered by four unpatented mining claims. The Big Daddy Project is located approximately 280 kilometers north of Nakina, Ontario, which contains the Big Daddy chromite deposit, including over 1,241 hectares covered by seven unpatented mining claims. The Company also owns a 30% interest in certain mining property claims contiguous to McFauld’s Lake in Ontario. Its subsidiaries include Canada Chrome Corporation, SMD Mining Corporation, Canada Chrome Mining Corporation, and Muketi Metallurgical General Partner Inc.


CSE:CACR - Post by User

Bullboard Posts
Comment by mapmakeron Feb 22, 2012 3:10pm
248 Views
Post# 19568491

RE: RE: RE: RE: RE: No Voting PacKage yet

RE: RE: RE: RE: RE: No Voting PacKage yet

you can't really blame KWG shareholders for being disgruntled.

SPQ sold for .19c for their share of the big daddy, so kwg is worth at least .19c per share.

when its trading below 60% below min. value for no other reason than BOD decisions, i'd be disgruntled too.

IMO,

CLF is not going to build the RR infrastructure into the ROF by themselves because it will be semi-public.

CLF needs a partner to share the costs and the profit.

I look at the recent fiasco with Nexen and Opti. OPC owned 30%, they were just too little to be a viable partner for NXY so NXY just let them implode, and CNOOC picked up OPC for peanuts.

KWG has to get real and get CLF back on the KWG BOD and then CLF will try to find a partner (baosteel?) to buy out KWG and they can share the load to get ROF into production.

If i was on the KWG Board, thats the direction I would be headed.

 

 

Bullboard Posts