KWG Resources Inc C.CACR

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

Metals & Mining Industrial Metals & Minerals

KWG Resources Inc. is a Canada-based exploration stage company. It is focused on acquisition of interests in, and the exploration, evaluation and development of deposits of minerals including chromite, base metals and strategic minerals. It is the owner of 100% of the Black Horse chromite project. It also holds other area interests, including a 100% interest in the Hornby claims, a 15% vested interest in the McFaulds copper/zinc project and a vested 30% interest in the Big Daddy chromite project. It has also acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. It also owns 100% of Canada Chrome Corporation, a business of KWG Resources Inc., (the Subsidiary), which staked mining claims between Aroland, Ontario (near Nakina) and the Ring of Fire. The Subsidiary has identified deposits of aggregate along the route and made an application for approximately 32 aggregate extraction permits.

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KWG Resources Inc

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Comment by westernkidon Jun 09, 2010 3:22pm

479 Views

Post# 17174052

RE: CLFs Top Price

EastYork...
For discussion...let's put a another perspective out... Unfriendly takeovers
are just that. They usually are not Fair to the stockholders. They are referred
to as "Hostile".
EastYork your reasoning is good...but the premise to start with needs to be examined.
CLF buy-out of FWR was not Fair. It was Hostile. Unfriendly. In my opinion Cliff
rapped us FWR share holders...and got with it away scott free. Was this a good way to
establish the "market value' of SPQ or KWG? They paid the lowest price possible to
get control. Only because there was another bidder did they up their offer to make it
appear that they were friendly. At this time, as far as we shareholders know, there is
no competition for SPQ/KWG. Cliffs actions indicate that they still have the same mind
set that they did with FWR. VALUE of the minerals are not really much of a part of the
"offer" amount. No correlation. With FWR the true value of the minerals was not a big
consideration. Greed was. Pay an little as you can get away with. Let the shareholders
be damned and they were.
Each day/week/month we learn more about the minerals available in the ROF ground.
Only after more exploration, further analysis of the different minerals and then
establishment of their value (even in sitsu) can anyone even come close to the
market value or even a close WAG. Sure to days market share price portrays what the
paper value of the company is. But even that varies from one sell to the next.
EastYork, you may be exactly correct - 250MM may be what CLF's is willing to pay for
the Big Daddy. We don't have to accept it. The real paper value of BD, SPQ and KWG is
yet to be established. It could very well be established BY Cliffs at .13 or .25 if they
succeed in their Hostile takeover.
But that will not establish the WORTH or value of what is under the ground.
Further, this concept that Cliffs is the one to set the Value (theoretically & thus the share
price) is abhorrent to me. This is a great great Canadian Mineral Discovery. To let
some despicable company like Cliffs (refer to FWR takeover) come in and get away
with this sham is to our shame. We don't have to accept Cliffs actions or offer. If we
stay together as shareholders we should be a great influence as to the outcome of
OUR company.

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