KWG Resources Inc C.CACR

Background on Magpie

[miner540]

Can anyone help with the background on Magpie.  KWG is acquiring all the special shares.  Who owns the common shares?  Is it Fancamp?  I see Fancamp has a 2% royalty.  This transaction would seem to further strengthen the relationship between the two companies and at the same time reduce the reliance on ROF.  Thanks

[startenout]

for a start, there is this. list FNC as the parent company https://pitchbook.com/profiles/company/118712-62#overview

[startenout]

seems KWG/CACR is opening up an old wound? This could be a delicate situation. https://www.businesswire.com/news/home/20210514005271/en/Fancamp-Files-Civil-Claim-Against-Mr.-Peter-H.-Smith

[dmtc]

More like healing an old wound.

[dmtc]

Yes Fancamp owns it. It's been tied up in legalities for many years but todays news puts it squarely back on the table. As an investor in both companies I'm STOKED! There was lots of discussion on agoracom about it over the years if you want to check out the history.

[lou64]

Actually the property isn't been tied up but Smith tried to burn shareholders over the ownership .. Then a proxy war happened with Smith and 5 others trying to take over Mr. Smith Paralyzed Fancamp’s Subsidiary, Magpie Mines, For His Own Benefit One of the self-dealing transactions that Fancamp is aware of involves The Magpie Mines Inc. (“Magpie”), a subsidiary of Fancamp. As discussed on

[greasemonkies]

Titanium and vanadium along with chromium = stainless steel  USA military and space department wanted to sponsor ROF.

[dmtc]

This is the current managements side of the story. The other side is that Dr. Smith protected Magpie from the Billionaries club. IMO that is the truth. I really don't think he'd let Magpie go unless it's good for investors. He is a honorable person.

[startenout]

@DMTC , seems you have a general understanding of the past conflict. Do you, best guess, know how KWG/CACR got involved in this? Who would have initiated contact with KWG? I am still trying to wrap my head around this whole concept of how this got into fruition. Are all parties happy with this? or is FNC right pisssed, bud   sees this as the only way to this property/problem to get

[miner540]

Startenout - the connection is likely Rajesh Sharma who is on the KWG board and CEO - director at Fancamp.   A bigger master plan to consolidate critical minerals to attract interest from south of the border.  The Conrad Black connection plays into this model.

[dmtc]

I won't speculate on that, but I will say Dr. Smith is a man of character and intellect. I respect him. I really think if he's letting Magpie go, it's good for investors on both ends of the deal, whatever it entails. Mr. Sharma is probably okay at his job, but I highly doubt he deserves any credit beyond being a rubber stamper and figurehead. 

[Aallyy]

Do you believe everything you read, especially during a noxious proxy battle? I think if you took the time to research the genesis of The Magpie Mines Inc, you will find a completely different narrative.  Totally disagree with the comment that Smith tried to self deal and burn shareholders.  It was the complete opposite.