Bullboard - Stock Discussion Forum KWG Resources Inc C.CACR

Alternate Symbol(s): KWGBF | C.CACR.A

Metals & Mining Industrial Metals & Minerals

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... see more

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KWG Resources Inc > KWG Value

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Post by Patrickreid on Aug 15, 2021 8:09pm

KWG Value

At one time I held 12 million shares of BMK, and we all know how that turned out. Pumped beyond by the management who sold off everything and ran. I now own KMG and I am wondering with just over 1 billion shares outstanding, if this were bought out by soemone, why would they pay 25 cents a share, which was suggested. Yes, KWG co-owns interest in some other joint ventures, but their holding land wise is not near a huge as NORONT. What have they confirmed "in thr ground" that would suggest a 25 cent bid per share? I am oppotmistic, but no so sure of 25 cents.

Respectfully,
Pat

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Comment by miner540 on Aug 16, 2021 10:09am

Pat, I also had a large position in BMK and met with Quintin and team. Agree - there was a serious dis-service to shareholders. You have seen my thoughts on potential valuation - similar to your thinking. The unknown is any sigificant incremental value for the transportation route, the patents and maybe the willingness to partner with FN. I continue to believe there is upside ...more

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