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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. 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.


CSE:CACR - Post by User

Bullboard Posts
Comment by Pear3on Jun 22, 2013 11:32pm
125 Views
Post# 21565562

RE: to pear3

RE: to pear3

Hey Inshula,    I understand why you would say that, but I am not sure that the easement decision in itself will raise our price that much....and the results on BH could be a year away.  The easement decision (in our favour) will basically put us back to a year ago with nothing new.                             Why would the easement decision create a lot of buying....which is the only thing that will drive the price up.   Institutional buying will be the only kind of "demand" that will drive the price up...and institutions can't buy penny stocks...... and "bigger fish" for that matter, won't buy right now because they would have to spend too much in time and resources to develop the whole thing; they might as well wait for more development and pay a little more per share at a later time...they might pay more in capital but they would save on the time invested.                                     Additionally, we all know that CLF applied for the easement not because they wanted to build the road themselves but to stall the whole process until the gov caved in...and we know that the fed gov would not have approved a private road at the expense of all other companies. Maybe McGuilty would have but he's gone, thank God                         In my opinion, it's a question of preparedness.....if we have a supershare that is available for institutional buying ($2.00 to $3.00) when any kind of significant news comes out, then we have a chance with institional buyers...and as a result this would also put pressure on the "big fish" to get in early if they want a piece of the pie...if institutions can't play, then we are very vulnerable to one big fish..if all can get in the game, then that's the kind of demand that would drive the price up...and with a float of approx 16 million shares total, the price would easily rise from $2.50 to $10.00 or more over the next 12 to 24 months because very few shareholders will want to sell.......................I understand the possible risk that you describe, but I think downside protection does exist in the possible purchasing power of the institional buyers, if CLF's friends decide they want to put downside pressure by selling into the bid....one or a few large icebergs would soak up all the sacrificial selling that might occur....good luck to you and all KWG longs...Pear3

Bullboard Posts