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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 Dec 16, 2015 6:57pm
87 Views
Post# 24390059

RE:RE:Question

RE:RE:QuestionHey Marlboro thanks for your point; its well taken but I have a question. Since my assumption is that all of KWG (including its board and shareholders) are bound by the standstill agreement, then what would realistically happen in a friendly or hostile TO (take-over), where the board cannot make a recommendation for or against a TO and shareholders cannot break ranks except to sell in the open market until the TO suitor reaches 10% and "said suitor" then has to reveal its intentions. I personally think that RCF does not perceive a higher return by waiting for NOT to develop its resources.I dont think they are willing to bankroll an attempt at a TO of KWG given the current corporate situation with the Chinese.and I dont think that other possible outside suitors would be willing to wade into these murky waters until the Chinese have made their intentions clear. If the Chinese decide to move forward with the feasibility study and possible further development, then this will probably increase the attractiveness of KWG stock. By then, a negotiated third party might be possible if KWG and the Chinese agree. I truly think that the Chinese would not have agreed to three years if they didnt think that they would be going forward with a proposal in early 2016 as quoted in the press release. Another point that really stood out for me was Franks comment on BNN : I dont think that KWG shareholders will have to suffer any dilution AT ALL From a man who has played his cards very close to his chest, this was very revealing as you apply it to the agreement that he had just signed with the Chinese. So in terms of the ultimate selling price for KWG shares, I dont think its possible to get a good handle on that without knowing what circumstances would exist at the time of the would-be take-over (TO). The three year term for the standstill agreement reveals to me that Frank anticipates events and milestones that will create upward pressure on his SP going forward. GLTA ROF investors Pear3
Bullboard Posts