KWG Resources Inc C.CACR

LOU

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With all due respect, cheap shares expensive shares or whatever, all shares are worth a $1.10. Wyloo did not pull a fast one on anyone, BHP and Wyloo could not come to terms( thank god) and now Wyloo served a $1.10/ share into BHP's court. Noront must acknowledge this bid and support it, as it is clearly a superior bid ( i believe  they have 5 days to look it over and deem it superior). I am not s lawyer by any stretch , but I believe all parties have to play CLOSE to the OSC rule book. The ball is now in BhP's court and Coutts is probably talking to them as we speak to try snd figure out a way ( if possible) to discount Wyloo's bid. And if they can't come up with a plan then BHP has 2 choices, bid higher than 1.10 or simple walk away. Thats it

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And this quote from Wyloo kinda backs what i just posted. No cloak and dagger, its put quite simply as... We both tried to get to a transaction that fully reflected the value of the assets, but unfortunately, we couldn’t get there together,” he told The Australian Financial Review. “We’ve got a view on the value of these assets and if we don’t think BHP is going to pay that price, we’re not

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And this quote supports the last quote... Wyloo's Giacovazzi: "...this thing’s got three times the grade of Chalice with a huge number of tonnes already drilled out [which means the size of the reserves are better known]. It’s a no-brainer for us.”