RE: RE: RE: RE: RE: RE: RE: RE: RE: Insider Activi mercurysmith,
good recall of my name..i am touched..:)
Below is my personal opinion and it is personal opinion only.
Please make sure that I am a professional trader and below is not buying or selling recommendation..
I've posted awhile ago about Taegutec as a potential investor for Sangdong tungsten.
I still believe Taegutec is our best bet for a buy-out / off-take partner for WOF simply because of their annual consumption of tungsten and geological benefit.
I carefully assume that Taegutec might have been tied up at this moment with Chinese supply for tungsten. But when available, why not having a supply from two hours away by rail or trucking distance, which will save significant cost than importing from China.
KZ, on the other hand, wasn’t actually on my list because KZ is not really doing much of tungsten and the value of wof was too big for KZ to swallow.
KZ is $8 Bil worth company but paying around $500 Mil or more to the resource which they don’t even use is just too heavy IMO.
But here is the confusing part.
I don’t know how to determine the recent KZ’s acquirement of one million shares in January 2012.
Maybe they know something going on with wof which we don’t know.
Maybe they’re performing a consortium with others (such as KORES, Hanhwa, or even Taegutec) for buy-out.
** But any case of scenarios, I do not see any possibility for KZ alone to offer a buy-out nor off-take but at the same time, this will mostly likely be sold to a domestic company than oversea's IMO.
Once again, I am only guessing possible scenarios until FS release, which I believe it will guide us where this will go.
Cheers,