Normally I Would Be TickedI am not at all fazed by the drop in price. In fact if I had more money I would buy more stock at these prices. Why? Because we are about to see RofF take off. Why am I so sure?
First, look at this map of the RofF:
Source of map:
https://kwgresources.com/overview/ What we see is that Wyloo owns all of the yellow - after purchasing NOT. The other colours show the areas that KWG has either all interest in (green) or a percentage of interest as indicated.
Second, the puzzle is almost complete for Wyloo - but KWG has an outstanding piece of the action. The natural move is to take over the whole board.
Third, KWG has the wherewithal to make the rail corridor which will be an explosive development for the opening of the project;
Fourth, unlike 2010 when Cliffs rounded up a number of companies and tried to push KWG off the table and take over the corridor - it could not take sole possession of the corridor. That is huge.
Fifth, KWG has spent the last 12 years making itself more attractive for a take over with its work on their relationship with the First Nations; its work on the process patent; and the development of the railway plan.
Sixth, the politics is right. We now have both the federal and provincial governments interested in seeing this project come to fruition; and, there is the Ontario election in mere weeks.
Seventh, the world wide demand for critical minerals and the particularly infrastructure being established in Ontario for the manufacturing of the raw material to be used in the electronic and electric vehicles.
I am sure there are more reasons. This is very different from 2010 - but remember when we least espected that was when Cliff's made its move for the RofF companies. KWG is the final piece of the puzzle.
JMO but watching with interest!