Publicly traded junior resource companies are very restricted in what they are allowed to say, on pain of severe penalties. Wyloo and the arrogantly named Ring of Fire Metals, as private companies, can say anything they want, as can the Premier. I think that the numbers they are throwing around are, if anything, conservative, but if KWG were to even whisper such a thing the consequences would be dire!
The OSC cares much more that it not be embarrassed, la Bre-X, than that small shareholders are informed about the plans, strategies and efforts of companies like KWG. Wealth creation is a benefit they are prepared to sacrifice in the name of investor 'protection'.
The irony is that if KWG is in discussions with any of the BIG players in mining or finance, as part of their due diligence they would be made fully aware of information that KWG is not allowed to tell you or the rest of their 4,500+ shareholders.
If you want to find out what’s going on get together with your fellow shareholders and tell the regulators to lighten up. In their efforts to make sure that misleading, erroneous or fraudulent information is not disseminated, they have pretty much destroyed the retail market for junior companies.
Maybe KWG should offer its shares under the auspices of the Ontario Lottery Corporation. They can make any claims they want: Imagine the Dream! Why does ‘Know your limit, play within it’ apply to lottery tickets but not retail investors?
Good job Dragon23 in calling out TVO on the inadequacy of their interview! Maybe Frank Smeenk will get another chance to showcase his knowledge and explain the enormous value that exists in the Ring of Fire, to the benefit of all Canadians including and especially the First Nations!