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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 May 08, 2017 4:03pm
103 Views
Post# 26217821

RE:KWG shares

RE:KWG shares Hey gm By KWG-C do you mean (preferred shares or the existing subordinate shares) Personally I think that it is inevitable that we will be taken over but the tipping point will be when the risk is lowered and the share value (price) starts to rise; hopefully the latter is faster than the former. In the meantime, I think much more demand will be generated by the institutional buyers, but only if we have some material news soon; then we will benefit from the protection (stand still agreement) of big brother (Chinese corp) who would probably offer a higher friendly bid in response to an outside "hostile" take over bid. I have considered converting my subordinate shares to MVSs, but that would make it harder to average up as I sell towards the peak. (selling in larger chunks) I think I would rather hold out for a take over offer (possibly even a group dissenting action) especially if KWG acquires a producing asset which will create the cash flow base, required to support holding out for a better TO price. I do think though, that the dominoes are lining up with the visit to China, the infrastructure bank being established in Toronto and the beginning of free trade agreement talks which would probably bear fruit by the time KWG is producing ore out of the ROF (or earlier). I don't think that the %tage of KWG vs KWG.A should be the focus. More importantly, your timing for selling (exit strategy) should be well thought out, for each possible scenario. In any event, if a hostile take over is brought to the surface, the board's recommendation will carry a lot of weight as well as the position of insiders who hold large quantities of shares. If the TO passes (without dissention), then all shares will be purchased without exception. I personally would like to see a TO at a good price, but would also love to see a deal with a "royalty in perpetuity" attached to the mine's production in the deal. Would love to hear other opinions. GLTA KWG longs Pear3
Bullboard Posts